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- Tasks: Monitor market risk in energy commodities and calculate key risk metrics.
- Company: Join a dynamic marketing and trading business in the global energy sector.
- Benefits: Enjoy opportunities for remote work and professional development.
- Why this job: Be part of a growing team that impacts global energy operations and enhances risk management.
- Qualifications: Bachelor’s or master’s in a quantitative field; prior experience in finance is a plus.
- Other info: Familiarity with risk systems and data visualisation tools is advantageous.
The predicted salary is between 36000 - 60000 £ 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.
EDUCATION/QUALIFICATIONS
- Bachelor’s or master’s degree in a quantitative discipline (e.g., Finance, Economics, Mathematics, Engineering, Physics, Statistics).
SKILLS & COMPETENCIES
- 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.
EXPERIENCE
- At least 2-3 years prior experience in the energy industry, particularly with commodities such as crude oil, is preferred.
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 energy commodities mentioned in the job description, such as crude oil and natural gas. Understanding their market dynamics will help you speak confidently about them 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 in detail 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 working on projects that involve data analysis or risk modelling using tools like Python or Power BI. Having practical examples to discuss can 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: In your cover letter, express your passion for financial markets and risk management. Mention your understanding of key concepts such as Value at Risk (VaR) and how your previous experiences align with the responsibilities outlined in the job description.
Showcase Relevant Experience: If you have prior experience in the energy industry or with commodities, make sure to detail this in your application. Highlight any internships or roles where you monitored market risks or collaborated with trading teams.
Highlight Technical Skills: Since the role requires proficiency in Excel and familiarity with data visualisation tools, ensure you mention any relevant projects or experiences where you used these skills. If you have experience with risk systems or regulatory frameworks, include that as well.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Know Your Commodities
Make sure you have a solid understanding of the energy commodities relevant to the role, such as crude oil, natural gas, and LPG. Be prepared to discuss recent market trends and how they might impact risk exposure.
✨Demonstrate Quantitative Skills
Since the role requires calculating Value at Risk (VaR) and stress testing, brush up on your quantitative skills. Be ready to explain your approach to risk metrics and provide examples from your past experience.
✨Familiarise with Risk Management Tools
If you have experience with tools like Python, Power BI, or SQL, be sure to highlight this during the interview. Discuss how you've used these tools in previous roles to enhance risk reporting or model validation.
✨Prepare for Scenario Analysis Questions
Expect questions that test your ability to interpret market movements and their implications on P&L. Prepare to walk through a scenario analysis you've conducted in the past, detailing your thought process and findings.
