Senior Front Office Risk Manager

EDF Trading Limited; Greater London; On-site; GBP 80,000 - 110,000; Full time

Benefits offered by this job

Hybrid working

Personal pension plan

Private medical and dental insurance

Corporate gym memberships

Job summary

A leading energy trading firm is seeking a Senior Front Office Risk Manager to oversee risk quantification and portfolio management. Responsibilities include advising management on key risks, engaging with traders, and producing detailed reports. Ideal candidates will have over 10 years of relevant experience in risk management, strong analytical skills, and advanced proficiency in Excel and VBA. The role emphasizes leadership within a dynamic team environment, contributing significantly to the firm’s market strategies.

Qualifications

• 10+ years of experience in risk management or trading within an Investment Bank or Energy Trading firm.
• Experience interacting directly with traders and senior management.
• Demonstrable experience in quantifying and managing risks associated with option portfolios.

Responsibilities

• Advise senior management on key risks in the trading portfolio.
• Monitor and quantify key risks in the EDFT trading portfolio.
• Prepare ad-hoc reports at short notice for management.

Skills

Risk management

Quantitative analysis

Communication skills

Leadership

Analytical tools design

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, or Science

MSc, CQF, PRM, FRM or ERP

Tools

Excel

VBA

Job description

When you join EDF Trading, you'll become part of a diverse international team of experts who challenge conventional ideas, test new approaches, and think outside the box.

Energy markets evolve rapidly, so our team needs to remain agile, flexible, and ready to spot opportunities across all the markets we trade in power, gas, LNG, LPG, oil, and environmental products.

EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it's experience that makes us leaders in the field. Energy is what we do.

Become part of the team and you will be offered a great range of benefits, which include (location dependent) hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessments, corporate gym memberships, an electric car lease programme, childcare vouchers, a cycle-to-work scheme, season ticket loans, volunteering opportunities, and much more.

Gender balance and inclusion are very high on the agenda at EDF Trading, so you will become part of an ever-diversifying family of around 750 colleagues based in London, Paris, Singapore, and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.

Who are we? We are EDF Trading, part of the EDF Group - a world leader in low-carbon, sustainable electricity generation.

Join us, make a difference, and help shape the future of energy.

Job Description

Department

• Comprehensive and independent quantification of risks embedded in EDFT's trading portfolio which are presented to the executive team and the Head of Trading in a dedicated weekly meeting.
• Direct the New Business Committee process.

Position purpose and Responsibilities

The Senior Front Office Risk Manager will report to the Head of Front Office Risk and will support the Head in directing the London team's activities.

The Senior Front Office Risk Manager will manage and take accountability for team members day-to-day output ensuring the team supports the realisation of the team goals.

Key responsibilities include:

• Advise senior management on the key risks held across the trading portfolio.
  • Monitor, understand and quantify key risks in the EDFT trading portfolio.
  • Interact with Traders and Fundamental analysis teams to develop a coherent and real time view across markets, independently assess the risk/reward of strategies, and advise on portfolio management.
  • Conduct and direct independent analysis on market fundamentals, external factors, and statistical relationships.
  • Produce and present high quality written reports.
• Direct the New Business Committee process (similar to new product approval).
  • Interact with Traders and Originators to understand new business proposals (including proposals for trading new products).
  • Critically evaluate proposals and ensure that key risk elements are identified, communicated, and mitigated as necessary.
  • Coordinate with other Middle and Back office departments to facilitate the approval process.
  • Chair and minute New Business Committee meetings as required.
• Liaise with other Middle and Back office departments to escalate and resolve emergent risk issues as appropriate.
• Prepare ad‑hoc reports at short notice for management.
• Direct and train more junior members of the team in day to day activities (as per above).
• Direct junior members of the team in design and building of analytical tools.

This list is not exhaustive and may include other tasks assigned by the manager and/or senior management.

Experience required

• Essential:
  • 10+ years of experience in risk management or trading within an Investment Bank, Hedge Fund or Energy Trading firm, either as a trader or commercial risk manager which may include managing and developing a risk function.
  • Experience interacting directly with traders, originators and senior management.
  • Demonstrable experience in quantifying and managing risks associated with exotic and vanilla option portfolios.
  • Knowledge of risk measurement (VaR and stress testing), back-testing and statistical analysis.
  • Experience managing or approving new business/products.
• Advantageous but not essential:
  • Knowledge of energy products (European Power, European Gas, Global LNG, Global LPG, Power and Gas vanilla options, Power and Gas flexible assets)
  • Experience in designing and building analytical tools and/or risk measurement models
  • Experience with measuring and understanding the risk associated with and systematic and other quantitative trading systems.

Technical requirements

• Strong written and verbal communication skills
• Advanced analytical and quantitative skills to identify and quantify key portfolio risks.
• Strong Excel and VBA skills, particularly ability to analyse complex data.

Person specification

• Demonstrate strong leadership and management capabilities
• A subject matter expert with significant industry experience
• Act as a role model to other members of the team and foster a positive working environment
• Excellent Written and verbal communication skills to prepare and present material to senior executives on a weekly basis.
• Interpersonal skills to build relationships with key stakeholders.
• Ability to function in a small and dynamic team and provide cover for other team members.
• Minimum Bachelor's degree in Finance, Economics, Mathematics, Engineering, or Science
• Preference for MSc, CQF, PRM, FRM or ERP holders.

Hours of work

40 hours per week, Monday to Friday