Senior Market Risk Analyst – Physical Commodities Trading

Barclay Simpson; Greater London; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Competitive salary

Discretionary bonus

Broad benefits

Job summary

Barclay Simpson is seeking a Senior Market Risk Analyst to support physical energy trading. You will own product-level risk reporting, deliver daily position and P&L reporting, and work with Trading, Finance and Commercial teams to ensure transparent, accurate risk metrics.

The role emphasizes ownership, process improvement and development of others within a high-visibility risk function. A competitive salary and discretionary bonus are offered.

Qualifications

• Significant market risk experience in physical commodities trading.
• Strong understanding of trading, hedging and P&L reporting.
• Advanced Excel and data analysis capabilities.
• High accuracy and attention to detail.
• Ability to influence across Trading, Finance and Commercial teams.
• Experience mentoring or guiding junior colleagues.
• Continuous improvement mindset and control focus.

Responsibilities

• Produce daily position reports showing market risk exposures from trading and hedging.
• Generate daily mark-to-market P&L reports with clear, justified commentary.
• Validate market data and price markers used in P&L reporting.
• Ensure reporting methodologies are robust and meaningful.
• Identify gaps and develop improved tools and processes.
• Support reconciliation between middle-office P&L and monthly accounts with Finance.
• Lead system and reporting improvements and training for colleagues.
• Act as a reference point within the team and mentor juniors.
• Promote a strong control environment and challenge in trading activity.
• Support ad hoc risk projects and initiatives as required.

Skills

Market risk

Trading & hedging

Position reporting

Mark-to-market P&L

Excel skills

Data analysis

Attention to detail

Stakeholder management

Mentoring

Continuous improvement

Control environment

Tools

Excel

Job description

Senior Market Risk Analyst – Physical Commodities Trading

Location:London

Working Pattern:On-site

Type:Full-time

An international commodities and energy trading business is looking to hire aSenior Market Risk Analystto support its growing trading activity across physical energy and related products.

This is a highly visible role within the market risk function, suited to someone with strong technical capability, commercial awareness and the confidence to influence how risk is understood and managed across the business.

The role goes beyond daily reporting. The successful candidate will be expected to provide clear insight, constructive challenge and practical direction in a fast-moving trading environment. You will take ownership of specific product areas, with responsibility for daily position and P&L reporting, month-end close and reconciliation, and the clear explanation of trading performance.

As one of the more experienced members of the team, you will also play an important part in setting standards, improving processes and supporting the development of others. The role works closely with Trading, Commercial, Finance and Technology teams to ensure risk and P&L are accurately, transparently and consistently reported.

Key Responsibilities

Reporting to the Market Risk Manager, responsibilities will include:

• Producing daily position reports that clearly summarise market risk exposures arising from trading and hedging activity.
• Producing daily mark-to-market P&L reports, including clear, justified and commercially relevant commentary.
• Validating market data and price markers used in daily P&L reporting.
• Ensuring reporting methodologies are robust, transparent and commercially meaningful.
• Identifying gaps in existing reporting and using initiative to develop improved tools and processes.
• Working closely with Finance to support reconciliation between middle-office P&L and monthly accounts.
• Supporting the development and implementation of systems and reporting improvements.
• Acting as a point of reference within the team and supporting the development of junior colleagues.
• Promoting a strong control environment and ensuring trading activity is subject to appropriate oversight and challenge.
• Supporting ad hoc projects and wider risk initiatives as required.

Skills and Experience

The successful candidate is likely to bring:

• Significant market risk experience gained within physical oil, refined products, energy or a closely related commodity trading environment.
• Strong understanding of trading, hedging, position reporting and mark-to-market P&L.
• Advanced Excel skills and strong data analysis capability.
• High level of accuracy and attention to detail.
• Strong stakeholder management skills, with the ability to influence, challenge and build credibility across Trading, Finance and Commercial teams.
• Experience acting as a senior analyst, mentor or point of reference within a market risk team.
• A self-starting approach, with a clear continuous improvement mindset.
• Strong control focus and the confidence to challenge business stakeholders where appropriate.

Desirable Experience

• Demonstrable experience in PRODUCT CONTROL or MARKET RISK
• Proven commodities experience – any physical products

Why Apply?

This is an opportunity to join a successful and growing commodities trading business in a senior market risk role with strong visibility across the front office and wider control functions.

The position offers the chance to take ownership of product-level risk reporting, improve processes, influence stakeholders and contribute to the continued development of a high-performing risk function.

The package includes a competitive salary, discretionary bonus and a broad benefits offering.