Price Risk Manager (Gas & Power)

World Fuel Services Corporation; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading global energy company seeks a Price Risk Manager in London to develop and implement energy risk management strategies. This role requires strong analytical skills and a proactive approach to managing customer relationships and market dynamics. The successful candidate will have an extensive background in finance and energy markets, contributing significantly to the decision-making process and service delivery.

Benefits

Opportunities for international travel

Collaborative work environment

Qualifications

• 2+ years of energy-related experience in risk management or trading analytics.
• Experience advising clients on financial derivatives in energy markets.
• Strong financial acumen and ability to translate complex problems.

Responsibilities

• Manage customer positions and market conditions for energy risk.
• Perform market quantitative modelling for price risk strategies.
• Collaborate with teams to improve Price Risk Management services.

Skills

Analytical skills

Decision-making

Interpersonal skills

Presentation skills

Negotiation skills

Education

Bachelor's Degree in Finance or related field

Tools

SQL

Job description

At World Kinect, our employees are the key to our global success. We are industry leaders due to the innumerable talents of our approximately 5000 strong professional team. Our people thrive in an entrepreneurial and culturally-diverse environment, where innovative thinking, collaboration and efficient execution are highly valued. Our high-performance culture is what allows us to drive sustained growth. Stronger together, we promote an environment where individuals can thrive.

Position Description

GENERAL INFORMATION

JOB TITLE:

Price Risk Manager

Department:

Price Risk Management

Location:

London, United Kingdom

POSITION SUMMARY

The Price Risk Manager will develop energy price risk management strategies and products and will provide energy price related advice to clients. This position will assist in establishing World Kinect Energy Services' as a market leader in the provisioning and customer centric risk management tools covering natural gas, electricity and other related energy fuels across 25 European markets. There is a high expectation of collaboration within the team as well as with the wider company, particularly Client Managers, Supply & Trading, Settlements, and IT support service functions.

KEY RESPONSIBILITIES

• Proactively manage customer positions within approved mandated boundaries by either performing transactions with suppliers and other financial counterparties or appropriate communication with the client.
• Remain informed as to all market conditions and regulatory policy which may impact customer positions and expectations on the services Portfolio Management provide.
• Perform continuous market quantitative modelling to ensure price risk management techniques and strategies remain current and in line with the customers' expectations.
• Deliver presentations to both internal and external customers, disseminating information such as market fundamentals analysis, approved forward price views, and performance of portfolios under management.
• Maintain systems, tools and reports as required to ensure the efficient delivery of the Portfolio Management service to our customers.
• Collaborate with other teams to ensure continuous improvement in Price Risk Management services, processes, and procedures.
• Develop customer relationship.

INFORMATION PROCESSING

• Quantitative analysis of market price, demand and supply data from various sources such as, but not limited to, LSEG Workspace, , Montel, ENTSOe, ENTSOg, regulators, energy suppliers and financial institutions to formulate price views and hedging strategies to support customers in protecting their energy budgets.

LATITUDE

• The role needs to work within the boundaries set out by the Mandate, a contractual document agreed by both the customer and the World Kinect Corporation).
• The individual will be able to discuss and debate their own view to allow the team to formulate a single view to be disseminated to our customers.
• Albeit this individual will not need to be explicitly governed by the FCA it would be beneficial for the individual to work within the same principals and ethics.

INDIVIDUAL IMPACT

• The Price Risk Manager directly contributes the primary business offering of World Kinect Energy Services by filling an integral role and shaping the company's internal decision making and outward facing messaging regarding the energy marketplace.

SUPERVISORY / LEADERSHIP RESPONSIBILITY

• This position will provide critical analysis and insight which will have a high level of influence on Kinect Leadership and Customers decisions.

EDUCATION

Bachelor's Degree (BS, BA, etc.)

Engineering, Marketing, Finance or other business-related discipline (Finance, Economics, or Energy related preferred)

2 to 5+ years energy related experience in a risk management, asset optimization or trading analytics role.

SPECIAL TRAINING, LICENSURE, OR CREDENTIAL OR SPECIALIZEDEXPERTISE

• The Price Risk Manager needs experience with providing advice to clients regarding financial derivatives and physical structured products to clients in the natural gas and electric markets.

In what activities or situations does this position apply or use this specialized expertise?

• This role does not require specific authority certification but knowledge of the Financial Conduct Authority principals and ethical policies would be an advantage.

EXPERIENCE -

The Price Risk Manager will be a proactive, and experienced individual who is comfortable with making decisions under tight deadlines within a highly stressful market environment also comfortable to collaborate and constructively debate own views.

• Professional work experience of at least 2 years required within the trading or risk management orginistions of an energy supplier, Third Party Intermediary, or wholesale energy marketer.
• Strong financial acumen with the ability to translate complex business problems into financial terms,
• Strong interpersonal, analytical, presentation and organizational skills
• Ability to conduct business-level meetings and communication effectively
• Strong decision-making ability, including ability to synthesize information and recommend solutions/preferred options
• Excellent written and oral communication skills, with the ability to influence at high levels in the organization
• Ability to create, understand and interpret quantitative models
• Some coding such as SQL will be beneficial
• Strong negotiation skills, with the ability to effectively engage directly with target company senior management
• Professional engagement, presence and absolute integrity
• English and a second European language, such as Dutch, German or Italian is preferable.

TRAVEL REQUIREMENT

Moderate - Occasional travel which may be planned or on short notice. A requirement of the job, but not a significant job component. Includes international travel as necessary.

Travel as required by client needs.

WORK SCHEDULE

Typical - Position may occasionally work past the normal workday and/or may occasionally perform some work on weekends as is typical of most employees. Not significant intrusion into personal or family life.

Comments: Part of a global team so may be required to attend meetings, or collaborate with colleagues, or customers, in other timezones.

Please note that by submitting an employment application you consent to World Fuel Services processing your information for this role and potentially for future employment opportunities, in accordance with applicable laws. To learn more about how we protect and/or process personal information, please visit the WFS Privacy Center at: https://www.wfscorp.com/en/privacy-center.