Trading Risk Analyst Trading Risk & Operations · London

DARE; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

DARE is seeking a key member for its Trading Risk and Operations team. The role involves analyzing trading risks, providing insights for investment decisions, and utilizing advanced coding skills across various platforms to support robust risk management practices. The ideal candidate will combine their technical expertise with strong communication skills to excel in a fast-paced environment.

Benefits

Vitality health insurance and dental cover

38 days of holiday

Pension scheme

Annual Bluecrest health checks

Learning & development budget of £5000

Free gym membership

Specsavers vouchers

Enhanced family leave

Cycle to Work scheme

Credited Deliveroo dinner account

Office massage therapy

Freshly served breakfast twice a week

Fully stocked fridge and pantry

Social events and a games room

Qualifications

• A bachelor's/master's in a technical field, quantitative finance, or statistics.
• Advanced coding skills in Python, SQL, VBA.
• Knowledge of market risk concepts like VAR and FX hedging.

Responsibilities

• Monitor and review the company's risk framework.
• Produce ad-hoc risk analysis for teams and management.
• Liaise with Trading and Tech teams to support market activities.

Skills

Coding skills

Market risk knowledge

Strong communication

Education

Bachelor's/master's in technical field

Tools

Python

SQL

VBA

Job description

Who we are

We are an energy trading company generating liquidity across global commodities markets. We combine deep trading expertise with proprietary technology and the power of data science to be the best-in-class. Our understanding of volatile, data-intensive markets is a key part of our edge.

At Dare, you will be joining a team of ambitious individuals who challenge themselves and each other. We have a culture of empowering exceptional people to become the best version of themselves.

The Role

This is a key role within the Trading Risk and Operations team, you will be involved in business-critical key risk projects and be responsible for implementing and reporting risk metrics associated with the firm’s trading activities, providing valuable insight into market activities to allow the firm to make optimal investment decisions. Further responsibilities include:

• On-going review and monitoring of the company and trading desks risk frameworks.
• Producing ad-hoc risk analysis for the team, desks, and senior management.
• Liaising with Trading and Tech teams, supporting daily market activities.
• Validating the accuracy and effectiveness of data sources used to produce various risk reports.
• Building and maintaining risk infrastructures, and ensuring documentation and controls are updated accordingly
• Investigating when required abnormal data points by requesting further information from the Trading desks (e.g. hedging strategies), Tech team (e.g. data workflow), Exchange (e.g. Initial margin models), Clearers (e.g. Haircut Model), and other financial counterparties.
• Using a combination of Python, VBA, SQL, Tableau and other coding languages to enhance, automate and visualise key information/metrics sent to Trading and Senior Management.
• Participating in firm-wide initiatives, collaborating with wider teams internally and externally to provide meaningful solutions to meet the company goals.

What You’ll Bring

• A bachelor's/master's in a technical field, quantitative finance, finance, economics, or statistics.
• Advanced coding skills (Python/APIs, SQL, VBA) and a strong understanding of databases.
• Knowledge of SQL.
• Knowledge of market risk concepts and models such as VAR, stress-testing, back-testing, and FX hedging strategies.
• Strong communication skills and proven ability to explain complex topics clearly to all audiences, including senior management.
• Ability to work independently and as part of a team in a fast-paced environment.
• Understanding of Exchange risk and margining models.

Desirable

• Currently hold or working towards a professional risk/quantitative certification (CFA, FRM, CQF).
• Previous professional experience/exposure relating to Energy Commodity Futures and Options.
• Knowledge/experience in any of the following tools: Bloomberg, Platts, Reuters, Trayport, TT, ICE Connect, WebICE, CME Direct, SPAN GUIs.

Benefits & perks

• Vitality health insurance and dental cover
• 38 days of holiday (including bank holidays)
• Pension scheme
• Annual Bluecrest health checks
• A personal learning & development budget of £5000
• Free gym membership
• Specsavers vouchers
• Enhanced family leave
• Cycle to Work scheme
• Credited Deliveroo dinner account
• Office massage therapy
• Freshly served office breakfast twice a week
• Fully stocked fridge and pantry
• Social events and a games room

Diversity matters

We believe in a workplace where our people can fulfil their potential, whatever their background or whomever they are. We celebrate the breadth of experience and see this as critical to problem-solving and to Dare thriving as a business. Our culture rewards curiosity and drive, so the best ideas triumph and everyone here can make an impact.

Please let us know ahead of the interview and testing processes if you require any reasonable adjustments or assistance during the application process.

We’re also proud to be certified a ‘Great Place to Work’. Read more about our culture and what our team says about us here.