At a Glance
- Tasks: Support daily risk oversight for trading books in oil and energy markets.
- Company: BB Energy Trading, a leader in the energy sector.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative environment with excellent career advancement potential.
- Why this job: Join a dynamic team and make an impact in the energy trading world.
- Qualifications: 3-4 years in energy markets, strong analytical skills, and knowledge of trading processes.
The predicted salary is between 60000 - 75000 € per year.
For our office in London we are seeking a Risk Analyst (Middle Office) to support BB Energy Trading’s Regional Risk Manager in the daily risk oversight of all physical and paper trading books across oil, oil products and freight.
Key Responsibilities
- Ownership and reporting of daily Position and PnL for BBE Trading’s physical and paper trading desks and liaising with traders on a regular basis to ensure the Positions and market exposures are accurately captured.
- Quantify and explain daily changes in exposure, PNL and VAR.
- Identify and resolve breaks and anomalies as necessary to ensure timeliness is maintained on reporting schedules including for Quarter and Year end.
- Validate deal entry and market data within BB’ ETRM systems to ensure accuracy and completeness.
- Work closely with trade finance, operations and other teams to ensure the relevant information is captured for risk reporting.
- Collaborate with other team members on ad hoc projects, process improvements.
- Monitor local level compliance with internal risk policies and procedures.
Required Experience & Background
- Minimum of 3 – 4 years of experience working in physical oil/Energy commodity markets.
- Understanding of trading, operations, risk and mid/back office business processes, policies and controls.
- Working knowledge financial derivatives (swaps, futures and options), VAR and MTM exposure.
- Strong analytical skills – ability to understand impact of market changes on PnL as well as an economic event in the lifecycle of a deal.
- Experience with energy trading and risk management systems (ETRM), preferably Symphony.
- Strong MS office (Excel) skills are essential, programming skills (SQL, Python) are a plus.
- Bachelor’s degree in Finance, Economics or Business with CFA, MBA, CA, or other related education will be an asset.
Personal Attributes
- Analytically minded.
- Quick to pick up new processes and complex concepts.
- Strong interpersonal skills and ability to build relationships between departments.
Competitive salary and benefits package offered.
Risk Analyst (Middle Office) employer: B.B. Energy
BB Energy Trading is an exceptional employer located in the vibrant city of London, offering a dynamic work environment that fosters collaboration and innovation. With a competitive salary and benefits package, employees are encouraged to grow their skills through continuous learning opportunities and engaging projects. The company's commitment to maintaining a supportive culture ensures that every team member can thrive while contributing to the success of the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst (Middle Office)
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at BB Energy Trading. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of risk management and trading processes. Be ready to discuss how your experience aligns with the role of a Risk Analyst and how you can contribute to the team.
✨Tip Number 3
Showcase your analytical skills during the interview. Bring examples of how you've quantified changes in exposure or resolved anomalies in past roles. This will demonstrate your ability to handle the responsibilities of the position.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at BB Energy Trading.
We think you need these skills to ace Risk Analyst (Middle Office)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk Analyst role. Highlight your experience in physical oil and energy commodity markets, and don’t forget to mention any relevant skills like your knowledge of financial derivatives and ETRM systems.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that relate to daily risk oversight and how you’ve successfully collaborated with teams in the past.
Show Off Your Analytical Skills:Since this role requires strong analytical skills, be sure to include examples of how you've quantified and explained changes in exposure or PnL in your previous roles. This will show us you can handle the complexities of the job!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at B.B. Energy
✨Know Your Numbers
As a Risk Analyst, you'll be dealing with daily Position and PnL reports. Brush up on your understanding of these metrics and be ready to discuss how market changes impact them. Familiarise yourself with VAR and MTM exposure concepts, as they might come up during the interview.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Think of examples from your past experience where you identified anomalies or resolved issues in trading data. Be ready to explain your thought process and how you approached problem-solving in those situations.
✨Familiarity with ETRM Systems
Since the role involves working with energy trading and risk management systems, make sure you know the basics of Symphony or similar platforms. If you have experience with SQL or Python, highlight that too, as it shows you're equipped to handle data effectively.
✨Build Relationships
Interpersonal skills are key for this role. Think about how you've collaborated with other teams in the past. Be prepared to share examples of how you’ve built relationships across departments, especially with traders and finance teams, to ensure accurate risk reporting.
