Risk Analyst (LNG, Power & Emissions)

Richard James Recruitment Specialists Ltd; Slough; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

Richard James Recruitment Specialists Ltd is seeking a Risk Analyst for a leading global energy trading organisation based in London. You will work on real-time front-line control and business information for management and traders, including daily PNL, risk reporting and risk analysis.

The role supports Front Office and Back Office processes, ETRM systems, and development of risk metrics, with emphasis on accuracy, visibility and timely risk insights. Hybrid working pattern applied.

Qualifications

• University degree in a numerate discipline (e.g. economics, mathematics, finance, engineering).
• 2-3 years’ experience in a risk role within a commodity trading environment is preferred.
• Strong knowledge of LNG, Power and Emissions markets and risk metrics.

Responsibilities

• Prepare and review daily P&L and risk reports, monitoring limits and coordinating with teams.
• Analyse PnL by trading strategy and by PnL drivers (commodity moves/FX/IR/Greeks).
• Ensure risk limits are adhered to and assist in mitigating actions after breaches.
• Assist with identifying significant risk drivers and providing transparency to senior management.
• Support front office in obtaining approvals for new and non-standard products.
• Define forward curves methodologies for mark-to-market and fair value reporting.
• Contribute to month/quarter/year-end closing and reconciliations with Back Office.
• Provide information and commentary for bi-weekly Risk Committee meetings.
• Review and approve changes to the Endur ETRM system and ensure trading procedure compliance.
• Maintain knowledge of Power, Emissions and LNG market signposts and trends.

Skills

P&L reporting

Risk analysis

VaR analysis

Python

SQL

VBA

Excel

Endur ETRM

Communication

Market knowledge

Education

University degree in a numerate discipline

Tools

Excel

VBA

Python

SQL

Matlab

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.

You will work on real-time front-line control and business information for the management and traders, including daily PNL, risk reporting and risk analysis, participating also in projects to improve the ETRM and to support broader commercial activities.

Main Responsibilities:

• Prepare and review daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Analyse PnL by trading strategy and by PnL drivers (commodity market moves/FX/IR/option Greeks).
• Ensure that all risk limits are adhered to and deal with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions) and assist in implementing new limits/reallocating existing ones when necessary;
• Assist with identifying significant risk drivers within the business, ensuring transparency with senior management;
• Support front office in obtaining approval for new and non-standard products.
• Assist with defining forward curves methodologies for accurate mark to market and fair value reporting.
• Contribute to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams.
• 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 of trading procedures with relevant controls and support when necessary internal and external audit requests.
• Maintain a strong knowledge of current Power, Emissions and LNG market signposts and trends.

Skills and Experience Required:

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• Ideally 2-3 years’ experience in risk role within a commodity trading environment.
• Strong knowledge of LNG, Power and Emissions markets.
• Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Strong knowledge of MS Office suite including Excel and VBA. Knowledge of Python, Matlab and SQL would be a plus.
• 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.
• Results-oriented and proactive approach.
• Fluent level of English.