Product Control Analyst - FTC/Potential Secondment opportunity

SmartestEnergy; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Flexible working: remote up to 30 days

Global exposure

Job summary

SmartestEnergy is seeking a Product Control Analyst to deliver robust valuation, P&L, and risk reporting across trading activities. You will explain drivers of P&L and exposures to Front Office and Senior Management, escalate key risks, and provide practical risk advice to guide decisions.

You will strengthen the team through automation and development of tools using Excel, VBA, SQL, and Python, while onboarding new products, instruments, and markets.

Qualifications

• Experience in Product Control, Market Risk, or a similar middle-office function with strong knowledge of risk measurement and P&L reporting.
• Exposure to Gas & Power Trading, Sales, or Flow environments and energy markets is advantageous.
• Strong analytical and technical capability with Excel/VBA, SQL/SSIS, Python, or Power BI.
• Familiarity with ETRMs or other trading and risk management systems is desirable.

Responsibilities

• Provide robust valuation, P&L monitoring, and risk reporting across trading activities.
• Explain drivers of P&L, positions, and exposures to stakeholders; escalate risks and breaches.
• Develop tools and processes using Excel, VBA, SQL, and Python; support onboarding of new products and markets.

Skills

Product Control

Market Risk

P&L reporting

Valuation

Tools

Excel

VBA

SQL

Python

Power BI

Job description

The Product Control Analyst is responsible for providing robust valuation, Profit & Loss (P&L), risk measurement, monitoring, and reporting across the company’s key trading activities. The role focuses on assessing and explaining the drivers of P&L, positions, exposures, and associated risks, ensuring outputs are accurate, timely, and aligned with established risk frameworks, policies, limits, and controls. Working closely with Front Office, Market Risk, Senior Management, and wider business stakeholders, the Analyst provides insightful analysis and commentary, identifies and escalates key risks or limit breaches, and offers practical risk advice to support informed business decisions.

In this role you will also play an important part in strengthening the wider Product Control function through continuous improvement, automation, and the development of effective tools and processes using technologies such as Excel, VBA, SQL, and Python. You will support the onboarding of new products, instruments, markets, and trading activities, performs valuation and methodology verification, and contributes to business-wide projects and risk initiatives. You are expected to work independently and collaboratively, translate complex quantitative concepts into clear and commercially relevant insights, and deliver high-quality solutions within tight deadlines.

Potential Secondment or Fixed Term Contract until 31/03/2027

What skills/experience do I need to be successful?

• Experience in Product Control, Market Risk, or a similar middle-office function, with a strong understanding of risk measurement, P&L reporting, attribution, and trade valuations.
• Proven experience or exposure to Gas & Power Trading, Sales, or Flow environments, with a solid understanding of energy markets, trading activities, and associated risk factors;
• Strong foundation in financial products and trading businesses, including commodities and derivatives such as FX, Futures, Swaps, with the ability to understand and assess valuation and risk drivers;
• Good analytical and technical capability, with experience in one or more of Excel/VBA, SQL/SSIS, Python, or Power BI, alongside exposure to ETRMs or other trading and risk management systems.

What sets us apart?

• Global Impact: With offices in the UK, US, and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.
• Flexible Working: Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritize work-life balance, recognizing that your well-being matters. Find out more here.
• Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.

What does hybrid working mean to us?

Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.

What happens next?

Once we receive your application, it will be reviewed by a human – no bots here! The average process typically takes around 2-3 weeks, with 2 stages of video interviews using Teams. However, this can vary depending on the role. We may invite you for a face-to-face meeting or require only 1 video interview. If you have any questions or need support, our Recruitment Team is here to assist you.