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- Tasks: Monitor market risk across energy commodities and calculate key risk metrics.
- Company: Join a dynamic marketing and trading business in the global energy sector.
- Benefits: Enjoy opportunities for growth, collaboration, and skill development in a fast-paced environment.
- Why this job: Be part of a team that influences energy trading strategies and market movements.
- Qualifications: Bachelor’s or master’s in a quantitative field; prior experience in finance is a plus.
- Other info: Ideal for those passionate about financial markets and risk management.
The predicted salary is between 43200 - 72000 £ per year.
Our client is a marketing and trading business supporting global energy operations. They are involved in equity production marketing, third-party trading, shipping, storage, and derivatives. The organisation operates across global time zones and continues to grow its European customer base across a range of energy products.
Due to continued expansion, we are seeking a Market Risk Analyst to join the team. The successful candidate will be responsible for monitoring risk exposures across both physical and financial energy commodity portfolios, calculating Value at Risk (VaR) and stress scenarios, and providing insight into market movements, forward curves, and trading P&L drivers. The role involves close collaboration with front office and control teams to manage risk limits, support hedging decisions, and enhance risk models and reporting tools.
RESPONSIBILITIES- Monitor and analyse daily market risk exposure across energy commodity portfolios (e.g., crude oil, LPG, natural gas, power, carbon).
- Calculate and validate key risk metrics, including Value at Risk (VaR), stress testing, scenario analysis, and mark-to-market P&L attribution.
- Track and interpret movements in commodity prices, forward curves, volatilities, and basis risks.
- Collaborate with trading, risk control, and finance teams to investigate and explain material P&L and risk drivers.
- Support the implementation and back testing of risk models and assumptions specific to physical and financial commodity products.
- Ensure compliance with internal risk limits/Control policy and escalate breaches or anomalies in a timely manner.
- Assist in reporting to senior management and external regulators, aligned with risk governance frameworks (e.g., ICE, FCA, EMIR, REMIT).
- Contribute to continuous improvement in risk reporting tools, dashboards, and processes using tools like Python, Power BI, or SQL.
- Understand and monitor optionality, storage exposure, logistics constraints, and hedging effectiveness related to energy trading strategies.
- Bachelor’s or master’s degree in a quantitative discipline (e.g., Finance, Economics, Mathematics, Engineering, Physics, Statistics).
- Strong interest in financial markets and risk management concepts.
- Basic understanding of key financial instruments (bonds, options, swaps, futures) and market risk metrics (VaR, Greeks, sensitivities).
- Proficiency in Excel; knowledge of Python, SQL, or VBA is a plus.
- Attention to detail and ability to work under pressure in a fast-paced environment.
- Strong written and verbal communication skills, with the ability to collaborate effectively across functions.
- Prior internship or placement year in a financial institution is advantageous.
- Familiarity with risk systems (e.g., Murex, Bloomberg, Risk Watch, or internal VaR engines).
- Understanding of regulatory frameworks (e.g., FRTB, Basel III, PRA guidelines).
- Experience with data visualization tools (e.g., Power BI, Tableau) for reporting.
- At least 2-3 years prior experience in the energy industry, particularly with commodities such as crude oil, is preferred.
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 energy commodities mentioned in the job description, such as crude oil and natural gas. Understanding their market dynamics will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Brush up on your knowledge of risk management concepts, particularly Value at Risk (VaR) and stress testing. Being able to discuss these topics confidently will demonstrate your expertise and interest in the role.
✨Tip Number 3
Network with professionals in the energy trading sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities within the company.
✨Tip Number 4
Showcase your technical skills by preparing examples of how you've used tools like Python or Power BI in previous roles. Being able to discuss your experience with data visualisation and risk reporting will set you apart from other candidates.
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 analysis and the energy sector. Emphasise any specific skills related to financial instruments, risk metrics, and tools like Python or SQL that are mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for financial markets and risk management. Mention your understanding of key concepts like Value at Risk (VaR) and how your previous experiences align with the responsibilities of the Market Risk Analyst role.
Highlight Relevant Experience: In your application, focus on any internships or roles you've had in financial institutions, especially those related to commodities or energy. Provide specific examples of how you monitored risk exposures or collaborated with teams to manage risk limits.
Showcase Technical Skills: If you have experience with data visualisation tools like Power BI or Tableau, make sure to mention it. Highlight your proficiency in Excel and any programming skills, as these are crucial for the role and will set you apart from other candidates.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Show Your Knowledge of Market Risk
Make sure to brush up on your understanding of market risk concepts, especially related to energy commodities. Be prepared to discuss Value at Risk (VaR), stress testing, and how these metrics apply to the role.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills by discussing past experiences where you calculated or validated risk metrics. Use specific examples that highlight your ability to interpret market movements and P&L drivers.
✨Familiarise Yourself with Tools
Since the role involves using tools like Python, Power BI, and SQL, be ready to talk about your experience with these technologies. If you have any projects or examples where you've used them, share those during the interview.
✨Understand Regulatory Frameworks
Have a solid grasp of relevant regulatory frameworks such as FRTB and Basel III. Being able to discuss how these regulations impact risk management in the energy sector will demonstrate your preparedness for the role.
