Market Risk Analyst

Responsibility:

• Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities and correlations amongst other factors. Investigate and understand risk models and tools on behalf of other business teams, supporting their development, improvement and adoption.
• Perform regular and bespoke analyses across the company’s existing and expanding portfolio, on risk topics covering wholesale markets instruments and exposures, underlying positions, risks and P&Ls, as well as scenarios, stresses, VaR and other key factors.
• Review and propose metrics and limits to facilitate appropriate control over exposures, positions, values and risks across all market risk-generating business activities, to include commodities such as power, gas, and certificates.
• Develop market risk proposals and support the stakeholder engagement and committee approval processes. Update risk policies and frameworks in line with new approvals and business changes.
• Backtest models, tools, limits, and controls, proposing enhancements and additional measures.
• Facilitate operational readiness planning and implementation to support the department and the wider organisation in onboarding new business activities and their associated risks.
• Provide opinion and recommendations to the team and the business on an array of risk topics.

Experience:

• A numerate degree such as in Mathematics / Physics / Engineering / Computer Science / Economics / Finance.
• At least two years’ experience in the energy sector in a risk, pricing or analytics role.
• Performed risk analysis in Excel or other applications, on aspects such as prices, market liquidity, portfolio positions, such as computing volatilities, correlations, P&L distributions, value-at-risk, risk premia, etc.
• Some exposure to ETRM systems and trading databases.
• Reviewed and updated controls and limits such as on positions and P&Ls for monitoring business activities.
• Supported the drafting of proposals and papers, and successfully managed stakeholder engagement processes within an analytical or commercial context.
• Experience of supporting the planning and implementation of projects, such as onboarding new business activities, making system or process updates, etc.
• Strong knowledge of Excel and some ability to program in at least one language, such as Python, SQL, R or VBA.