Senior Market Risk Analyst - Energy

SmartestEnergy Business Limited; Greater London; Hybrid; GBP 65,000 - 85,000; Full time

Benefits offered by this job

Flexible working options

Global impact with opportunities for exploration

Commitment to diversity and inclusion

Hybrid working model

Job summary

SmartestEnergy Business Limited is seeking a Senior Market Risk Analyst to play a crucial role in shaping market risk strategies within their business. This position involves developing risk frameworks, analyzing market dynamics, and making recommendations to support business decisions.

The ideal candidate should have experience in risk analysis within the energy sector, enabling them to manage risks across a diverse range of products. The role offers flexible working options and is located in Greater London.

Qualifications

• Experience in the energy sector in a risk, pricing, or analytics role.
• Extensive experience performing risk analysis including value-at-risk and correlations.

Responsibilities

• Develop and implement risk models for the Market Risk team.
• Review and recommend improvements on risk models and tools.
• Conduct analyses on wholesale market instruments and exposures.
• Establish metrics to control exposures and risks.
• Manage stakeholder engagement and committee approval processes.

Skills

Risk analysis

Market analysis

Advanced analytics

Modeling

Stakeholder management

Job description

Overview

Shape the future of market risk in a fast-moving energy business.

As a Senior Market Risk Analyst, you will play a pivotal role in protecting and enabling our commercial strategy by developing robust risk frameworks, delivering insightful analysis, and influencing key business decisions. Working across our expanding portfolio of power, gas, and environmental products, you will use advanced analytics, modelling, and market expertise to identify, measure, and manage risk, while helping to evolve our risk capabilities as the business grows.

Responsibilities

• Develop, implement, and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities and correlations amongst other factors.
• Review and make recommendations on risk models and tools on behalf of other business teams, influencing their development, improvement, and adoption.
• Proactively undertake regular and bespoke analyses across the company’s existing and expanding portfolio, on risk topics covering wholesale market instruments and exposures, underlying positions, risks and P&Ls, as well as scenarios, stresses, VaR, and other key factors.
• Establish and enhance metrics and limits to ensure appropriate control over exposures, positions, values, and risks, across all market risk generating business activities, to include commodities such as power, gas, and certificates.
• Develop market risk proposals and manage the stakeholder engagement and committee approval processes. Revise and improve risk policies and frameworks in line with new approvals and business changes.
• Backtest models, tools, limits, and controls, spearheading enhancements and additional measures.
• Champion operational readiness planning and implementation to support the department and the wider organisation in onboarding new business activities and their associated risks.

Qualifications

• Experience in the energy sector in a risk, pricing, or analytics role.
• Extensive experience performing risk analysis on aspects such as prices, market liquidity, and portfolio positions, including computing volatilities, correlations, P&L distributions, value-at-risk, risk premia, etc.

Benefits

• Global Impact: With offices in the UK, US, and Australia, and plans for further expansion, you will 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.
• Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Diversity is a key driver of growth and innovation.
• 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.