At a Glance
- Tasks: Ensure accuracy of P&L and positions in Nordic power markets while collaborating with various teams.
- Company: Dynamic energy company focused on innovation and sustainability.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Fast-paced environment with strong emphasis on teamwork and continuous improvement.
- Why this job: Join a team making a real impact in the evolving energy sector.
- Qualifications: Degree in relevant field and 5+ years in risk or middle office roles.
The predicted salary is between 56700 - 69300 £ per year.
Job Description
The Risk Officer supports the Nordic power desk by ensuring the accuracy and integrity of P&L, positions and exposures across financial and physical power products, including Nordic system price and EPAD futures, Nord Pool day-ahead and intraday markets, bilateral contracts, PPAs, Guarantees of Origin and, where applicable, BESS transactions.
- Job Title
- Risk Officer - Nordic Power
The Risk Officer supports the Nordic power desk by ensuring the accuracy and integrity of P&L, positions and exposures across financial and physical power products, including Nordic system price and EPAD futures, Nord Pool day-ahead and intraday markets, bilateral contracts, PPAs, Guarantees of Origin and, where applicable, BESS transactions.
The role covers daily P&L and position control, trade and pricing reconciliations, forward curve validation and oversight of structured and optionality-based exposures, including PPA and BESS valuation.
Working closely with Trading, Operations, IT, Market Risk, Credit Risk and Finance, the Risk Officer also supports reporting, automation and continuous improvement of risk and control processes.
- Main Responsibilities
- Produce, validate and explain daily Nordic power P&L and positions by price area and delivery period, including key P&L drivers and attribution.
- Build and monitor Nordic system price, EPAD and hourly/15-minute forward curves, ensuring consistency with exchange settlement prices and broker quotations.
- Reconcile pricing exposures with Trading and Operations.
- Reconcile exchange-traded futures and EPADs, as well as Nord Pool day-ahead and intraday transactions, against clearing, auction and settlement statements.
- Monitor mark-to-market (MTM), volume and profile risk across physical and structured transactions, including bilateral contracts and PPAs.
- Own valuation control for structured power transactions, including PPAs, optionality, shaping, volume and imbalance risk, and validation of relevant valuation inputs and reserves.
- Review BESS transactions and valuation methodologies, including dispatch optionality, charge/discharge efficiency, degradation, cycling constraints, availability, state-of-charge assumptions and ancillary-service revenues.
- Support the reconciliation of physical deliveries, imbalance and balancing settlements, fees and Guarantees of Origin, where applicable.
- Apply and document reserving methodologies and independent price verification controls.
- Monitor desk positions, Va R and limits, escalating breaches in line with applicable governance.
- Complete month-end and year-end reconciliations and support the translation of trading results into accounting.
- Work closely with Trading, IT, Trade Support, Operations, Market Risk, Credit Risk and Finance.
- Enhance and automate reporting and control tools using Excel, VBA, Python, SQL and dashboards, as applicable.
- Prepare internal and management reporting and provide backup coverage for other Risk Officers.
- Lead the front-to-back implementation of new products, curves, price areas and trading venues, including control design, testing and documentation.
- Investigate material P&L and valuation issues, drive process improvements and provide technical guidance to less experienced Risk Officers.
- Profile
- University degree, preferably in Mathematics, Engineering, Economics, Finance or a related field.
- At least 5 years of Middle Office or Risk experience within a commodities trading environment, with strong knowledge of Nordic and European power markets.
Relevant trading, structuring, quantitative or valuation control experience may also be considered.
- Direct exposure to structured PPAs and/or BESS transactions is strongly preferred.
- Strong knowledge of Nordic and European power markets, including Nord Pool day-ahead and intraday markets, Nordic futures and EPADs, price areas, hydro-driven price formation, shaping, profile and balancing risk.
- Demonstrated knowledge of PPA valuation, including intrinsic and extrinsic valuation, optionality, volume and shape risk, imbalance exposure, discounting and valuation reserves.
- Demonstrated knowledge of BESS commercial structures and valuation, including tolling and optimization arrangements, state-of-charge constraints, round-trip efficiency, degradation, cycling limits, ancillary services and merchant revenue stacking.
- Strong understanding of physical and financial power products, ETRM valuation and position models, exchange and clearing processes, market data controls and independent price verification.
- Ability to challenge models and valuation assumptions, explain complex P&L and risk movements, and translate technical analysis into clear management reporting.
- Advanced Excel skills; practical experience with VBA, Python and/or SQL is strongly preferred.
- Demonstrated business analysis and project management skills, including the front-to-back implementation of new products and controls.
- Proactive, self-motivated, rigorous and detail-oriented, with strong verbal and written communication skills.
- Right to work in the country where the role is based.
Our people make all the difference in our success.
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Senior Risk Officer - Nordic Power in London employer: Centalion
Gunvor is an exceptional employer that values innovation and collaboration, providing a dynamic work environment for its Talent Operations Coordinator role. With a strong focus on employee development, you will have access to various learning initiatives and early-career events, fostering growth and professional advancement. Located in a vibrant industry hub, Gunvor offers unique opportunities to engage with diverse stakeholders while contributing to meaningful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Officer - Nordic Power in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
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Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Centalion. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Centalion.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Centalion. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Senior Risk Officer - Nordic Power in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Centalion and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show Centalion how you can be a team player!
How to prepare for a job interview at Centalion
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Centalion.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Centalion's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
