Market Risk Analyst

ENGIE ENERGY MARKETING SINGAPORE PTE. LTD.; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A leading energy management company in Singapore is seeking a Market Risk professional to join its APAC team. The role involves monitoring trading activities, developing risk management frameworks for Green Power origination, and collaborating with various teams to ensure compliance with risk policies. Ideal candidates must have over 10 years of experience in market risk and a strong background in energy trading.

Qualifications

• 10+ years prior relevant experience in risk management.
• Experience in energy and commodities trading.
• Knowledge of Green Power market fundamentals.

Responsibilities

• Monitor and control commodities positions.
• Develop market risk framework for new business activities.
• Prepare limit modification requests from Front Office.

Skills

Understanding of derivatives and Greeks

Communication

Analytical Thinking

Programming in VBA

Teamwork

Education

Bachelor or Masters degree in a quantitative discipline

Tools

ETRM systems

Python

Job description

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 areas of expertise:

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access
  

At S&EM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

Context:

The S&EM APAC team is based in Singapore and offers risk management solutions to both internal and external clients in the APAC region. We specialize in providing optimization, hedging, market operations, and analytics services to support our clients.

Within the Risk Expertise Center of S&EM, the Market Risk main missions are:

• Definition and translation of risk appetite into well designed set of limits in the Risk mandates;

• Proactive and constructive challenge of Front Office hedging strategies ensuring we reach an optimal risk/reward ratio in line with risk appetite;

• Review risk profile and profitability of special deals requesting an Origination Committee validation

• Alert on limit breaches and monitor effective and timely implementation of hedging decisions including providing concrete advice for remediation
  

Role:

In this role, you will report to the APAC Chief Risk Officer . You will be part of the APAC Market Risk team based in Singapore to ensure that all trading activities are in line with the market risk requirements of GEMS Risk Policy and the approved limits framework:

• Analysis of market, liquidity, model, and physical risks

• Setting and enforcing market risk limits

• Market risk reporting & analysis

• Control of P&L provisions, curve marking and parameter check for commodity curves

• Tailoring globally consistent monitoring and control processes to suit local requirements

The role is primarily focused on developing the market risk management framework for Green Power origination and trading, covering forward physical, short-term, spot auction and intraday balancing. Processes are fully integrated with the market risk management activities performed by the existing market risk team established in Europe, Singapore and Japan.

The main responsibilities are to:

• Monitor, control commodities positions and challenge trading strategies

• Develop market risk framework for new business activities

• Evaluate new transactions and business lines requiring specific market risk validation

• Prepare limit modification requests from Front Office

• Produce risk indicators and reports across multiple ETRM systems

• Validate curves and parameters used in the commodity valuations

• Simulate risk consumption for hypothetical or potential transactions

• Assess and adjust reserves to be charged against new transactions.

• Maintain and improve Market Risk tools and reporting templates

In relation to the Green Power market risk management framework development

• Calibrate and monitor S&EM Green Power + BESS (Battery Energy Storage System) Risk Mandates and metrics

• Prepare the Market Risk reviews of Green Power PPA or BESS Origination Committee files

• Support the ETRM implementation for Green Power & BESS

• Support R-GBU, such as Review of the R-GBU portfolio representation and monitor its risks
  

Hard skills:

• Solid understanding of derivatives and Greeks

• Accustomed to a fast-paced, dynamic trading floor environment

• High level of integrity for work output and able to manage conflicting demands

• Programming skills: expert in VBA for Excel

• Detail-focused and process-oriented
  

Soft skills:

• Communication: Effective communication skills, both verbal and written, to convey complex risk concepts and findings to stakeholders at all levels of the organization.

• Analytical Thinking: Strong analytical and problem-solving skills to analyze data, identify trends, and make informed decisions about market risk exposures.

• Teamwork: Collaborative mindset and ability to work effectively as part of a team, supporting colleagues and contributing to a positive and inclusive work environment.
  

Education and professional background:

• 10+ years prior relevant experience, at least several of which specifically in market risk

• Previous working experience in energy and commodities trading

• Strong energy market fundamentals and knowledge of Green Power

• Possess a Bachelor or Masters degree in a quantitative discipline

• Experience in Green Power market risk management is a key differentiator

• Functional knowledge of Python
  

Languages:

• Excellent communication skills in English both verbal and written

• Additional languages: French or Japanese, not mandatory but will be advantageous
  

Location:

• Singapore – Asia Square Tower 1
  

If you meet these requirements, then you are the talent we are looking for. Do not waste time!

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provides equal employment opportunities for all individuals.

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you.

About ENGIE:

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, power, renewable energy, services) to offer competitive solutions to our customers. With our 96,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.