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
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in risk management or trading. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss market risk analysis, valuation models, and your experience with analytics tools. We want you to shine!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled challenges in previous roles, especially in commodity trading or risk management. We love a good story!
✨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 StudySmarter.
We think you need these skills to ace Senior Risk Officer - Natgas
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Risk Officer role. Highlight your experience in commodity trading, risk management methodologies, and any relevant analytical tools you've mastered. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Share specific examples of your past experiences that relate to the responsibilities listed in the job description. Let us know what makes you tick!
Show Off Your Analytical Skills:Since this role involves a lot of analysis, make sure to showcase your analytical and problem-solving skills in your application. Mention any tools or technologies you’ve used, like Excel or Python, and how they helped you in previous roles. We love a good data story!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy – just follow the prompts and you’re good to go!
How to prepare for a job interview at Gunvor Group
✨Know Your Numbers
As a Senior Risk Officer, you'll be dealing with a lot of data. Brush up on your analytical skills and be ready to discuss specific market risk metrics, P&L results, and valuation techniques. Familiarise yourself with recent trends in the Natgas market to show you’re on top of your game.
✨Challenge Assumptions
One of your key responsibilities will be to challenge assumptions made by traders. Prepare examples of how you've done this in the past or how you would approach it. This shows that you can think critically and aren't afraid to ask tough questions.
✨Communicate Clearly
Effective communication is crucial in this role. Practice explaining complex risk concepts in simple terms. You might be asked to present your findings or reports, so being able to convey your ideas clearly will set you apart from other candidates.
✨Show Your Curiosity
An entrepreneurial spirit and a natural curiosity are essential traits for this position. Be prepared to discuss how you stay updated on industry developments and how you’ve proactively sought out new learning opportunities in your career.
