At a Glance
- Tasks: Lead market risk management strategies in a dynamic energy trading environment.
- Company: Join Centrica Energy, a leader in sustainable energy solutions.
- Benefits: Competitive salary, career growth, and a chance to make a real impact.
- Other info: Office-based role in London with opportunities for international travel.
- Why this job: Be part of a team revolutionising the energy sector for a greener future.
- Qualifications: Strong knowledge of energy markets and risk management techniques required.
The predicted salary is between 51750 - 63250 £ per year.
Join us, be part of more. We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently - we do it all. We make it, store it, move it, sell it and mend it.
About your team: At Centrica Energy, our mission is to move it. We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use - powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.
The Market Risk Manager will play a key role in controlling and reporting risk and continuously developing the function as Centrica Energy grows and transitions to a multi-location trading model. The role will play an important part in the improvement and development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units. The role reports into the Head of Market Risk.
Location: The role is based out of our central London office (close to Marble Arch) with 3 days per week based within the office. There is also a requirement for occasional international travel to other Centrica Energy offices.
What you’ll be doing:
- Lead the market risk oversight of one of the energy trading desks, being responsible for executing market risk management strategies across gas, power and renewables, creating a strong market risk presence and building strong relationships across Centrica Energy trading business.
- Promote risk discussion on the trading floor, and build best practice within the team.
- Maintain and share a strong knowledge of trading portfolios, and keep abreast of developments in the energy markets and the potential impact on risk and portfolios.
- Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods.
- Work with relevant business teams to formulate new business and product frameworks, and integrate changes into the current policies, processes and systems.
- Deliver improvements to market risk processes, models and methodologies, including in the space of VaR, stress testing, assessment of risk adjusted return, etc.
- Support the digitisation of Market Risk at Centrica Energy.
We have a few must-haves:
- Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas.
- Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing and Option Pricing.
- Experience in managing junior resources.
- Strong commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office.
- Ideally proficient in booking systems such as Endur, EOS.
- Practical experience in Power BI, Python and SQL.
- Excellent attention to detail and problem-solving skills.
- Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment.
- Proactive with a drive for continuous improvement.
- Strong communication skills at all levels.
Market Risk Manager employer: Centrica Energy
Centrica Energy is an excellent employer, offering a dynamic work culture in the heart of central London that fosters collaboration and innovation. Employees benefit from tailored financial and emotional support, alongside ample opportunities for professional growth within a fast-paced trading environment. Join us to be part of a team that values operational excellence and empowers you to make a meaningful impact in the energy sector.
