Senior Market Risk Analyst (Products)

Richard James Recruitment Specialists Ltd; Greater London; Hybrid; GBP 70,000 - 110,000; Full time

Job summary

Richard James Recruitment Specialists Ltd is seeking a Senior Market Risk Analyst (Products) for our client’s London team. The role focuses on daily performance and market risk analysis for the oil trading business, collaborating with traders and wider teams.

The position offers a hybrid working model with exposure to both traditional and emerging markets, and opportunities to contribute to software/tool development including ML and AI applications.

Qualifications

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• Relevant experience in a market risk role within a commodity trading company.
• Strong knowledge of refined products (blending, storage, biofuels, etc) and shipping markets.
• Advanced knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Strong knowledge of pricing and hedging of physical activities with the use of various derivatives instruments (futures, swaps, options).
• Strong knowledge of MS Office suite including Excel and VBA. SQL and Python would be a strong advantage.
• Analytical mindset and strong numerical skills.
• Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
• Strong organization skills with good attention to detail and the ability to work to tight deadlines.

Responsibilities

• Prepare and review daily PnL and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Ensure that all risk limits are adhered to and assist in implementing new limits when necessary.
• Assist in identifying significant risks within the business and ensuring they are transparent to senior management.
• Remain up-to-date with the current refined products markets.
• Assist in defining forward curve methodologies for accurate mark-to-market and fair value reporting.
• Support Front Office with the approval of new products and non-standard products.
• Provide information and commentary for the bi-weekly Risk Committee meetings.
• Support Back Office with month and quarter-end activities as required.
• Review and approve any relevant changes to the main ETRM system
• Mentor junior members of the team and promote knowledge sharing between teams.

Skills

VaR & risk metrics

Stress testing

Scenario analysis

Pricing & hedging

Derivatives

Excel & VBA

SQL

Python

Analytical mindset

Communication skills

Attention to detail

Education

University degree in a numerate discipline

Tools

Excel

VBA

SQL

Python

Job description

Our client is a leading international energy and commodities business operating across the global energy market, with a strong focus on trading, innovation and the transition towards a more sustainable energy future.

They are looking to appoint a Senior Market Risk Analyst specialising in Products to join their London team. The role will provide daily performance and market risk analysis for the oil trading business, working closely with traders and teams across the wider organisation.

Technology and innovation are a key part of the team’s development, with a strong focus on automation and enhancing analytical capabilities. The role will offer the opportunity to contribute to the development of software and tools supporting daily processes and front-office trading, including the use of machine learning and artificial intelligence.

This is an opportunity to work in a fast-moving and evolving energy trading environment, gaining valuable exposure to both traditional and emerging markets. You will join a diverse, collaborative and supportive team that values innovation, knowledge sharing and professional development, with opportunities to broaden your experience and progress your career internationally.

The business also offers a hybrid working model, providing flexibility between office and remote working, alongside a strong focus on employee wellbeing and work-life balance.

MAIN RESPONSIBILITIES:

• Prepare and review daily PnL and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
• Ensure that all risk limits are adhered to and assist in implementing new limits when necessary.
• Assist in identifying significant risks within the business and ensuring they are transparent to senior management.
• Remain up-to-date with the current refined products markets.
• Assist in defining forward curve methodologies for accurate mark-to-market and fair value reporting.
• Support Front Office with the approval of new products and non-standard products.
• Provide information and commentary for the bi-weekly Risk Committee meetings.
• Support Back Office with month and quarter-end activities as required.
• Review and approve any relevant changes to the main ETRM system
• Mentor junior members of the team and promote knowledge sharing between teams.

SKILLS AND EXPERIENCE REQUIRED:

• University degree in a numerate discipline (e.g. economics, mathematics, pure science, finance, engineering or similar).
• Relevant experience in a market risk role within a commodity trading company.
• Strong knowledge of refined products (blending, storage, biofuels, etc) and shipping markets.
• Advanced knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
• Strong knowledge of pricing and hedging of physical activities with the use of various derivatives instruments (futures, swaps, options).
• Strong knowledge of MS Office suite including Excel and VBA. SQL and Python would be a strong advantage.
• Analytical mindset and strong numerical skills.
• Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
• Strong organization skills with good attention to detail and the ability to work to tight deadlines.