Senior Market Risk Manager

Richard James Recruitment; London; On-site; GBP 90,000 - 130,000; Full time

Job summary

An international Energy Trading company is seeking a Senior Market Risk Manager to lead their Market Risk team. This key position will involve managing risk activities, developing risk frameworks, and collaborating with various teams. The ideal candidate will possess extensive market risk experience, a deep understanding of risk analysis techniques, and a proven ability to lead teams in a dynamic trading environment.

Qualifications

• 15 years in market risk, preferably in energy/commodity trading.
• Deep knowledge of VaR, stress testing, and derivatives.
• Experience with ION ETRM/CTRM systems highly valued.

Responsibilities

• Oversee market risk reporting, including VaR and stress testing.
• Lead the Market Risk team and mentor junior staff.
• Design and implement comprehensive risk control frameworks.

Skills

Market Risk Management

Risk Analysis

Quantitative Risk Techniques

Risk Control Frameworks

Team Leadership

Communication

Tools

Microsoft Excel

Python

VBA

Power BI

SQL

Job description

Social network you want to login/join with:

Our client is a very successful international Energy Trading company with access to key markets worldwide…

The Senior Market Risk Manager will lead the Market Risk team, supporting the business in all key market risk management matters affecting the organisation. The Market Risk team is responsible for the design and implementation of market risk control frameworks, covering both quantitative and qualitative market risk analysis as well as risk control solutions.

This is a key role for risk and control for our client: in addition to Market Risk-specific coverage, the Senior Market Risk Manager will also be involved in all key risk management matters affecting the organisation. You will partner with other Risk and Control teams within the Middle Office, as well as the Back Office, to ensure the effectiveness and continuous improvement of the Risk Control Framework.

Key Role Responsibilities

1. Oversee all market risk activities, including preparing daily, weekly, and monthly market risk reports such as VaR, Greeks, stress testing, and risk capital calculations.
2. Support and contribute to identifying new risks within the portfolio and new business activities.
3. Analyze and quantify the market risk of the company’s portfolio across commodity units, trading books, and products/instruments.
4. Prepare analyses for governance committees as directed by the manager.
5. Lead the Market Risk Team, overseeing resource allocation for risk activities and processes.
6. Manage, train, develop, coach, and mentor junior team members.
7. Participate in reviewing new products and transactions, and facilitate new business setup.
8. Contribute to designing and implementing a comprehensive risk control framework focused on market risk.
9. Support a risk-aware culture and promote best-practice controls through engagement with global teams.
10. Collaborate with teams in validating and developing risk and valuation models, including system testing and optimization.
11. Support digital transformation initiatives, focusing on risk technology, data flows, automation, and digitalization.
12. Lead continuous process improvement within the team and across interfaces with other functional teams.
13. Act as key liaison with Front Office, Middle Office, and Back Office functions.

Experience:

1. Minimum of 15 years of relevant market risk experience.
2. Background in risk management within energy or commodity trading, or Tier-1 investment banking.
3. Deep knowledge of VaR, scenario analysis, back testing, stress testing, expected shortfall, and other risk techniques.
4. Knowledge of physical commodities market risk, traded and real options portfolios.
5. Experience with physical and financial energy markets.
6. Proficiency in Microsoft Office, including Excel, VBA, and Python.
7. Knowledge of ION ETRM/CTRM, Valuations Systems, Power BI, Matlab, SQL, or similar analytics tools.
8. Experience in derivatives valuation, pricing, and quantitative risk modeling highly valued.