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- Tasks: Join our Trading Risk team to analyse and report on trading activities.
- Company: Dare is a leading energy trading company leveraging technology and data science.
- Benefits: Enjoy 38 days holiday, health insurance, gym membership, and a £5000 learning budget.
- Why this job: Be part of a dynamic team that values innovation and personal growth.
- Qualifications: Bachelor's or master's in a technical field with advanced coding skills required.
- Other info: We celebrate diversity and are certified a 'Great Place to Work'.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Who we are
We are an energy trading company generating liquidity across global commodities markets. We combine deep trading expertise with proprietary technology and the power of data science to be the best-in-class. Our understanding of volatile, data-intensive markets is a key part of our edge.
At Dare, you will be joining a team of ambitious individuals who challenge themselves and each other. We have a culture of empowering exceptional people to become the best version of themselves.
The Role
This is a key role within the Trading Risk and Operations team, you will be involved in business-critical key risk projects and be responsible for implementing and reporting risk metrics associated with the firm’s trading activities, providing valuable insight into market activities to allow the firm to make optimal investment decisions. Further responsibilities include:
- On-going review and monitoring of the company and trading desks risk frameworks.
- Producing ad-hoc risk analysis for the team, desks, and senior management.
- Liaising with Trading and Tech teams, supporting daily market activities.
- Validating the accuracy and effectiveness of data sources used to produce various risk reports.
- Building and maintaining risk infrastructures, and ensuring documentation and controls are updated accordingly
- Investigating when required abnormal data points by requesting further information from the Trading desks (e.g. hedging strategies), Tech team (e.g. data workflow), Exchange (e.g. Initial margin models), Clearers (e.g. Haircut Model), and other financial counterparties.
- Using a combination of Python, VBA, SQL, Tableau and other coding languages to enhance, automate and visualise key information/metrics sent to Trading and Senior Management.
- Participating in firm-wide initiatives, collaborating with wider teams internally and externally to provide meaningful solutions to meet the company goals.
What You’ll Bring
- A bachelor's/master's in a technical field, quantitative finance, finance, economics, or statistics.
- Advanced coding skills (Python/APIs, SQL, VBA) and a strong understanding of databases.
- Knowledge of SQL.
- Knowledge of market risk concepts and models such as VAR, stress-testing, back-testing, and FX hedging strategies.
- Strong communication skills and proven ability to explain complex topics clearly to all audiences, including senior management.
- Ability to work independently and as part of a team in a fast-paced environment.
- Understanding of Exchange risk and margining models.
Desirable
- Currently hold or working towards a professional risk/quantitative certification (CFA, FRM, CQF).
- Previous professional experience/exposure relating to Energy Commodity Futures and Options.
- Knowledge/experience in any of the following tools: Bloomberg, Platts, Reuters, Trayport, TT, ICE Connect, WebICE, CME Direct, SPAN GUIs.
Benefits & perks
- Vitality health insurance and dental cover
- 38 days of holiday (including bank holidays)
- Pension scheme
- Annual Bluecrest health checks
- A personal learning & development budget of £5000
- Free gym membership
- Specsavers vouchers
- Enhanced family leave
- Cycle to Work scheme
- Credited Deliveroo dinner account
- Office massage therapy
- Freshly served office breakfast twice a week
- Fully stocked fridge and pantry
- Social events and a games room
Diversity matters
We believe in a workplace where our people can fulfil their potential, whatever their background or whomever they are. We celebrate the breadth of experience and see this as critical to problem-solving and to Dare thriving as a business. Our culture rewards curiosity and drive, so the best ideas triumph and everyone here can make an impact.
Please let us know ahead of the interview and testing processes if you require any reasonable adjustments or assistance during the application process.
We’re also proud to be certified a ‘Great Place to Work’. Read more about our culture and what our team says about us here.
Trading Risk Analyst - Dare employer: Dare
Contact Detail:
Dare Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trading Risk Analyst - Dare
✨Tip Number 1
Familiarise yourself with the specific risk metrics and models mentioned in the job description, such as VAR and stress-testing. Being able to discuss these concepts confidently during your interview will demonstrate your understanding of the role and its requirements.
✨Tip Number 2
Brush up on your coding skills, particularly in Python, SQL, and VBA. Consider working on small projects or exercises that showcase your ability to automate and visualise data, as this is a key part of the role.
✨Tip Number 3
Network with professionals in the energy trading sector. Attend industry events or join relevant online forums to gain insights and make connections that could help you stand out during the application process.
✨Tip Number 4
Prepare to discuss your experience with risk frameworks and how you've contributed to similar projects in the past. Be ready to provide examples of how you've worked collaboratively with trading and tech teams to solve complex problems.
We think you need these skills to ace Trading Risk Analyst - Dare
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Trading Risk Analyst role. Emphasise your coding skills in Python, SQL, and VBA, as well as any experience with risk concepts and models.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for energy trading and risk analysis. Mention specific projects or experiences that demonstrate your ability to handle data-intensive tasks and communicate complex topics clearly.
Highlight Technical Skills: In your application, be explicit about your technical skills, especially in coding and data analysis. Provide examples of how you've used these skills in previous roles or projects to solve problems or improve processes.
Showcase Team Collaboration: Dare values teamwork, so include examples of how you've successfully collaborated with others in fast-paced environments. Highlight any experience working with trading desks or tech teams to reinforce your fit for the role.
How to prepare for a job interview at Dare
✨Showcase Your Technical Skills
As a Trading Risk Analyst, you'll need to demonstrate your advanced coding skills in Python, SQL, and VBA. Be prepared to discuss specific projects where you've used these languages to solve problems or automate processes.
✨Understand Market Risk Concepts
Familiarise yourself with key market risk concepts such as VAR, stress-testing, and FX hedging strategies. During the interview, be ready to explain these concepts clearly, as you may need to communicate them to senior management.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in real-time trading situations. Think about how you would handle abnormal data points or collaborate with trading desks and tech teams to resolve issues.
✨Demonstrate Strong Communication Skills
Effective communication is crucial in this role. Practice explaining complex topics in simple terms, as you'll need to liaise with various teams. Highlight any past experiences where you've successfully communicated technical information to non-technical audiences.