At a Glance
- Tasks: Join our team to ensure efficient risk processes and support trading operations.
- Company: Work with a leading commodities trading client in the heart of London.
- Benefits: Enjoy a 12-month contract with opportunities for growth and learning.
- Why this job: Be part of a dynamic global team and make a real impact in risk management.
- Qualifications: Bachelor's degree or relevant experience in trading, finance, or risk management required.
- Other info: Ideal for confident individuals who thrive in a fast-paced environment.
The predicted salary is between 36000 - 60000 £ per year.
12 month contract, London. Certain Advantage are recruiting on behalf of our commodities trading client in London for a Market Risk Operations Analyst to join their MR Ops Team who are responsible for ensuring risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly.
We see confident individuals who are comfortable working independently with limited supervision at times and be able to thrive in a wider global team dispersed across timezones. Prior experience within a trading, financial or risk management business, and knowledge of financial, commodity and energy markets, derivative instruments, and hedging is essential.
The role will support Products Trading business and the Market Risk Operations group is responsible for maintaining observable valuation inputs e.g. exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.
Responsibilities include:
- Understand physical spot price assessments and the construction of forward curves.
- Work with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team.
- Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.
- Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders.
- Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team.
- Ensure process excellence, identifying bottlenecks in Risk processes.
- Implementing error-checking as a natural part of all processes so output is 'Right First Time'.
- Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
- Map and document processes.
- Be an end-to-end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks.
- Implement best practices in commodity trading risk management.
- Ensure that Risk fulfils its role as an independent 'check and balance' function and is viewed as such by other parts of the organization.
- Promote a culture of continuous improvement by having the courage to challenge established processes.
Your Experience:
- Working experience within a trading, financial or risk management organization.
- Bachelor's Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry.
- Knowledge of financial, commodity and energy markets, derivative instruments, and hedging which could have been gained in a Market Risk, Product Control or Trade Control roles.
- Intermediate to Advanced Excel skills, e.g. pivot tables, lookups, queries, VBA macros.
- SQL and Python an advantage, other coding languages can also be useful.
- Experience with Endur or comparable energy trading risk management system.
Does this sound like your next career move? Apply today!
Market Risk Operations Analyst employer: RGF Staffing UK Limited
Contact Detail:
RGF Staffing UK Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Operations Analyst
✨Tip Number 1
Familiarise yourself with the specific tools and systems mentioned in the job description, such as Endur or other energy trading risk management systems. Having hands-on experience or even a basic understanding of these platforms can set you apart from other candidates.
✨Tip Number 2
Network with professionals in the commodities trading and market risk sectors. Attend industry events or join relevant online forums to connect with individuals who can provide insights into the role and potentially refer you to opportunities within their organisations.
✨Tip Number 3
Stay updated on current trends and developments in financial, commodity, and energy markets. Being able to discuss recent changes or news during interviews will demonstrate your passion for the field and your proactive approach to staying informed.
✨Tip Number 4
Prepare to showcase your problem-solving skills by thinking of examples where you've identified bottlenecks or implemented process improvements in previous roles. This will highlight your ability to promote a culture of continuous improvement, which is crucial for this position.
We think you need these skills to ace Market Risk Operations Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in trading, financial or risk management. Emphasise your knowledge of financial, commodity and energy markets, as well as any specific skills like Excel, SQL, or Python that are mentioned in the job description.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of market risk operations. Discuss how your previous experiences align with the responsibilities listed in the job description, particularly your ability to work independently and in a global team.
Highlight Relevant Skills: In your application, specifically mention your intermediate to advanced Excel skills and any experience with energy trading risk management systems like Endur. This will demonstrate your technical proficiency and suitability for the role.
Showcase Continuous Improvement Mindset: Mention any past experiences where you have promoted process excellence or implemented best practices. This aligns with the company's emphasis on continuous improvement and could set you apart from other candidates.
How to prepare for a job interview at RGF Staffing UK Limited
✨Showcase Your Market Knowledge
Make sure to brush up on your knowledge of financial, commodity, and energy markets. Be prepared to discuss derivative instruments and hedging strategies, as this will demonstrate your understanding of the industry and its complexities.
✨Highlight Your Technical Skills
Since the role requires intermediate to advanced Excel skills, along with knowledge of SQL and Python, be ready to provide examples of how you've used these tools in previous roles. Consider discussing any relevant projects or tasks where you implemented these skills effectively.
✨Demonstrate Process Improvement Mindset
The company values a culture of continuous improvement. Prepare to share instances where you've identified bottlenecks in processes and how you proposed or implemented solutions. This will show your proactive approach and ability to enhance operational efficiency.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in risk management. Think about past experiences where you had to manage risks or make critical decisions under pressure, and be ready to articulate your thought process clearly.