At a Glance
- Tasks: Support daily risk oversight for trading desks and ensure accurate reporting.
- Company: BB Energy, a leading player in the energy trading sector with a global presence.
- Benefits: Competitive salary, benefits package, and a dynamic work environment.
- Other info: Flat management structure where every voice matters and excellent career growth opportunities.
- Why this job: Join a fast-growing team and make an impact in the energy market.
- Qualifications: 3-4 years in energy markets, strong analytical skills, and relevant degree.
The predicted salary is between 50000 - 60000 £ per year.
About the Company
BB Energy has a legacy spanning more than six decades. Today, the Group provides expertise across energy trading, operations, logistics, storage and retail. Our diversified portfolio cuts across many segments of the energy industry from trading crude oil and petroleum products to natural gas and renewables. With global operations anchored out of five hub offices in London, Dubai, Singapore, Houston and Athens, BB Energy has a global network of nearly 500 employees in a dozen offices across five continents. Growth and diversification remain cornerstones of BB Energy's business strategy as it supports an energy ecosystem capable of delivering affordable, secure, and increasingly clean energy to the societies that need it most.
Why Join Us?
- We are a fast growing business in one of the most dynamic markets.
- Our team includes some of the leading experts in this field.
- We have a strong entrepreneurial spirit.
- We are a well established business with a strong heritage and track record of success globally.
- We have a flat management structure and open management style - all voices heard and all voices count.
- Competitive salary and benefits package offered.
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 MTG 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.
Risk Analyst (Middle Office) employer: BB Energy
BB Energy is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and collaboration thrive. With a flat management structure that values every voice, employees benefit from competitive salaries, comprehensive benefits, and ample opportunities for professional growth within a globally recognised energy trading firm. Join a team of industry experts dedicated to delivering secure and sustainable energy solutions while fostering a culture of entrepreneurial spirit and continuous improvement.
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 professionals in the energy trading sector, especially those who work at BB Energy. Use LinkedIn to connect and engage with them; you never know who might help you land that interview.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of risk management and energy markets. Be ready to discuss how your experience aligns with the role of a Risk Analyst and how you can contribute to BB Energy's success.
✨Tip Number 3
Showcase your analytical skills during the interview. Bring examples of how you've tackled complex problems in the past, especially in relation to PnL and market exposure. This will demonstrate your fit for the role.
✨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.
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 showcase your analytical skills and familiarity with trading processes.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the energy sector and how your background makes you a perfect fit for BB Energy. Keep it concise but impactful!
Showcase Relevant Skills:Don’t just list your skills; demonstrate them! If you’ve got experience with ETRM systems or programming languages like SQL or Python, make sure to mention specific projects where you used these skills.
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!
How to prepare for a job interview at BB Energy
✨Know Your Numbers
As a Risk Analyst, you'll be dealing with PnL and VAR daily. Brush up on your financial metrics and be ready to discuss how market changes impact these figures. Show them you can quantify risks and explain your thought process clearly.
✨Familiarise Yourself with ETRM Systems
BB Energy uses energy trading and risk management systems like Symphony. If you have experience with these or similar systems, make sure to highlight it. If not, do some research beforehand so you can speak intelligently about how they work and their importance in risk analysis.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical prowess. Bring examples of how you've tackled complex problems in the past, especially in relation to trading or risk management. Be ready to walk through your thought process and the outcomes of your analyses.
✨Build Relationships
Since the role involves liaising with traders and collaborating with various teams, emphasise your interpersonal skills. Share experiences where you've successfully built relationships across departments, as this will show you're a team player who can thrive in BB Energy's flat management structure.
