At a Glance
- Tasks: Analyse and report market risk for trading activities in Natgas.
- Company: Leading energy trading firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborative environment with strong emphasis on personal development.
- Why this job: Join a dynamic team and make an impact in the energy sector.
- Qualifications: Degree in relevant field and 5+ years in commodity trading.
The predicted salary is between 43200 - 72000 £ per year.
The Natgas Senior Risk Officer is a member of the Risk team, reporting to the Head of Risk Officers Power & gas. He/She will be responsible to measure, analyse, monitor the positions and P&L, challenge assumptions taken by front-office and will be in charge for delivering reports and high-quality digital tools to improve decision-making and risk management.
Main Responsibilities
- Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades.
- Analyze mark-to-market valuations, risk positions, basis changes, curves and volatilities and P/L results daily.
- Challenge assumptions taken by traders.
- Develop and maintain risk reporting/analytics to communicate position, P/L and market risk to traders and management.
- Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
- Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
- Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling/valuation enhancements to achieve better valuation and risk quantification.
- Communicate effectively with Front Office, Operation, Trade Support, Finance and IT team on inputs and assumptions.
- Work closely with Traders to quantify and explain the sources of risk in their portfolios.
- Contribute to the reporting of Trading Result/ Position to Senior management. Responsible for monthly translation into accounting of trading results.
- Prepare various reports and analysis for publishing internally and to the Management Board as the case may be.
- Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance.
- Coordinate with Compliance to ensure compliance requirements are met.
- Support, identify, and assist in implement of process improvement, from system testing and implementations to desk level process.
- Identify and communicate operational risk, define risk mitigating measures and priorities.
- Month end and year end reconciliations with finance and external auditors as required.
- Back up / support for other desk’s Risk officers as the case may be.
Profile/Key Skills
The individual should have the following experience:
- University degree, preferably in Computing, Mathematics, Engineering, Economics or Finance in a top ranked University.
- Mastery of analytics tools and technologies.
- Minimum 5 years in the commodity trading business, preferably within a major trading house or utility company.
- Experience in valuation of European Natgas positions and assets (storages, pipelines, cables, flexible products, power plant), experience in booking and operating assets is a plus.
- Weather products and bio-methane experience is a plus.
- FX positions understanding is a must.
- Strong analytical and problem-solving skills.
- Entrepreneurial spirit, naturally curious and proactive.
- Eager to learn and ability to work with limited supervision.
- Excellent attention to detail; rigorous and meticulous.
- High degree of accuracy and efficiency under set deadlines.
- Ability to work independently and as part of a team.
- Strong communication and interpersonal skills.
- Comprehensive understanding of risk management methodologies and valuation models.
- Proficiency in Microsoft Excel, VBA, and other data analysis tools (Python and SQL is a plus).
- Good knowledge of Access and SQL Server.
- Fluent in English, both written and spoken, French and/or any other European language is a plus.
- Position based in London or Geneva.
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
Senior Risk Officer - Natgas employer: Gunvor Group
Gunvor Group is an excellent employer that fosters a dynamic and collaborative work culture, where innovation and data-driven decision-making are at the forefront. Employees benefit from comprehensive training and development opportunities, particularly in advanced analytical tools like VBA, Python, and Power BI, ensuring continuous professional growth. Located in a vibrant environment, Gunvor Group offers a unique chance to be part of a forward-thinking team dedicated to excellence in equity plan administration.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Officer - Natgas
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Gunvor Group looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Risk Officer - Natgas
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Gunvor Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Gunvor Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Gunvor Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
