Quantitative Risk Analyst (Analytics)

Richard James Recruitment Specialists Ltd; City Of London; Hybrid; GBP 55,000 - 75,000; Full time

Job summary

Richard James Recruitment Specialists Ltd is seeking a Risk Analyst to join a leading global energy trading organisation in London. Hybrid pattern 3/2, focusing on daily P&L and risk reporting and automation of processes to support front office with system trading.

The role involves developing risk procedures, improving reporting systems and contributing to the bi-weekly Risk Committee. You will work with gas, LNG, crude oil derivatives and power markets, communicating with senior management in

Qualifications

• University degree in a numerate discipline.
• 2 years’ experience in a similar Analyst / Risk role within commodity trading (gas & power).
• Strong knowledge of risk metrics (VaR, stress-testing, scenario analysis).
• Knowledge of derivatives and options.
• Proficiency in MS Office including Excel; VBA; SQL and Python are advantageous.
• Endur ETRM experience is a plus.
• Excellent organisation and attention to detail; ability to meet tight deadlines.
• Fluent English and strong communication with senior management.

Responsibilities

• Prepare and review daily P&L and risk reports; monitor limits and resolve issues with relevant teams.
• Support front office for new/non-standard products approvals.
• Identify significant risks and present them to senior management.
• Provide information for bi-weekly Risk Committee meetings.
• Review and approve changes to the Endur ETRM system.
• Ensure trading procedures comply with controls; support audits.
• Enhance reporting and develop reporting systems.

Skills

Risk analysis

VaR

Stress testing

Scenario analysis

Derivatives knowledge

Excel VBA

SQL

Python

Communication

Organisation

Education

Numerate degree

Tools

Endur ETRM

Job description

Hybrid working pattern (3/2)

An opportunity has arisen for a Risk Analyst to join a leading global energy trading organisation based in London.

This role since within the analytics team which constantly strives to improve risk procedures through automation, therefore a significant aspect of the role would be to contribute to the development of software to streamline daily processes and assist front office with system trading, using a variety of techniques including machine learning and artificial intelligence.

Alongside the automation elements, you will also be responsible for the daily analysis of the trading activities (PnL and position reporting) of the gas desk, as well as providing ad hoc support to other desks as required, notably Crude Oil Derivatives, LNG, and Power & Emissions.

Main Responsibilities:

• Preparing and reviewing daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Support front office in obtaining approval for new and non-standard products.
• Assisting in identifying significant risks within the business and ensuring they are transparent to senior management.
• Provide information and commentary for the bi-weekly Risk Committee meetings.
• Review and approve any relevant changes to the main ETRM system (Endur).
• Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests.
• Participate in the enhancement of reporting and the development of reporting systems.

Skills and Experience Required:

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• c.2 years’ experience in a similar Analyst / Risk role within commodity trading companies, ideally with a focus on gas & power.
• Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Good knowledge of derivatives and options.
• Strong knowledge of MS Office suite including Excel and VBA. SQL and Python would be a strong advantage.
• Knowledge of the Endur ETRM system would be an advantage.
• Strong organization skills with good attention to detail and the ability to work to tight deadlines.
• Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
• Fluent level of English.