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- Tasks: Analyse market risks, produce reports, and engage with traders daily.
- Company: Join a global leader in commodity trading across various sectors.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping risk strategies in a fast-paced environment.
- Qualifications: 1-3 years in Market Risk; degree in Maths, Computer Science or Engineering required.
- Other info: Work collaboratively with global teams and stay updated on market trends.
The predicted salary is between 36000 - 60000 £ per year.
Our Client is a truly global Commodity trading company who trade both physical and financial commodities including Gas & Power, Oil, Metals, and Agricultural products. The successful candidate will be responsible for the daily reporting, monitoring and enforcement of Risk Capital allocation of all trades emanating from the EMEA region. Gaining an in-depth understanding of key risk drivers, portfolio concentration, trader/strategy performance and articulate/escalate them to senior management. The candidate is expected to have a strong understanding of various risk measures, their methodologies as well as financial and commodity product knowledge.
Responsibilities also include documentation of the current processes as well as streamlining the daily reporting tasks, implementation of new Risk Frameworks as well as qualitative and quantitative reviews of the risk methodologies employed. Assisting and engaging with project work, rolling out enhanced capabilities, migrating reports to Risk Portal, trader onboarding, curve and product roll out are all part of their essential duties. The candidate should have the ability to look beyond specific tasks and ask questions relevant to their role and demonstrate the use of sound judgment in decision making.
MAIN RESPONSIBILITIES:- Perform risk valuations, statistical analysis for relevant risk measures as well as the production and distribution of reports.
- Understanding key concentration risk within the portfolios and engaging with traders on a daily basis.
- Escalation of any limit breaches to traders and senior management, with timely follow ups until resolution.
- Daily enforcement and monitoring of internal Risk Frameworks, Policies and performing 2nd lining duties.
- Enhance established control frameworks as well as simplifying and standardizing the reporting function.
- Work in tandem with Middle Office, highlighting key P&L drivers and the performance of various strategies employed.
- Assist in the development of new or improvement of existing models, processes, and reports, with periodic quantitative and qualitative reviews.
- Automate reports in Python and assist in developing the Risk Portal’s reporting capabilities.
- Identification of modelling weaknesses, remediation proposals along with testing and validation.
- Documentation of current infrastructure, methodologies and BAU processes and assist in the development and documentation of the future target state.
- Work in close collaboration with other regional offices globally.
- Stay abreast of market developments, regulatory changes and ensure all risks are captured, monitored, and reported.
- 1-3 years of experience in Market Risk, Quantitative Analytics or Model Validation from an Investment Bank, Trading House or other Financial Institutions.
- Minimum 2:1 ideally in Mathematics, Computer Sciences, Physics or other Engineering degree.
- Understanding of risk metrics and their methodologies such as VaR, SVaR, ES, Stress Testing, Liquidity Risk and Funding Risk.
- Financial product knowledge, Greeks, Options and Commodities with a focus on European Gas, Power, LNG, Crude and Distillates.
- Proficiency in Microsoft Office in particular, MS Word, Excel, Power Point and Power BI.
- Advanced Proficiency in: Python (essential), VBA and SQL.
- Front Office Systems: Experience in Aspect, Right Angle, Endur desirable but not essential.
- Data Vendors: Bloomberg, Morningstar and Totem desirable but not essential.
Market Risk Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Analyst
✨Tip Number 1
Familiarise yourself with the specific risk metrics mentioned in the job description, such as VaR and Stress Testing. Being able to discuss these concepts confidently during your interview will demonstrate your understanding of the role and its requirements.
✨Tip Number 2
Network with professionals in the commodity trading sector, especially those who work in market risk. Engaging in conversations about current market trends and risk management practices can provide you with valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your Python skills, particularly in automating reports, as this is a key responsibility for the role. Consider working on personal projects or contributing to open-source projects that involve data analysis to showcase your abilities.
✨Tip Number 4
Stay updated on recent regulatory changes and market developments in the commodities sector. Being knowledgeable about these topics will not only help you in interviews but also show your commitment to staying informed in a rapidly changing environment.
We think you need these skills to ace Market Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Market Risk, Quantitative Analytics, or Model Validation. Emphasise your understanding of risk metrics and financial products, particularly those mentioned in the job description.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities and requirements outlined in the job description. Mention your experience with risk valuations, statistical analysis, and any relevant tools like Python or SQL.
Showcase Relevant Skills: In your application, clearly demonstrate your proficiency in Microsoft Office, especially Excel and Power BI, as well as your advanced skills in Python, VBA, and SQL. Provide examples of how you've used these skills in previous roles.
Highlight Collaboration Experience: Since the role involves working closely with traders and other regional offices, include examples of past collaborative projects. This will show your ability to engage with different teams and contribute to a cohesive work environment.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Know Your Risk Metrics
Make sure you have a solid understanding of key risk measures like VaR, SVaR, and Stress Testing. Be prepared to discuss how these metrics apply to the commodities you'll be working with, especially in relation to European Gas and Power.
✨Demonstrate Technical Proficiency
Since Python is essential for this role, brush up on your coding skills. Be ready to talk about any projects you've worked on that involved automation or data analysis using Python, VBA, or SQL.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with statistical analysis and risk valuations. Think of specific examples where you've identified risks or improved processes, and be ready to explain your thought process.
✨Engage with Current Market Trends
Stay updated on recent market developments and regulatory changes in the commodities sector. Being able to discuss these topics will show your enthusiasm for the industry and your proactive approach to risk management.
