At a Glance
- Tasks: Analyse market risks in LNG, Power, and Emissions while supporting traders with real-time insights.
- Company: Leading commodities trading house at the forefront of the energy industry.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Strong focus on collaboration and communication with senior management.
- Why this job: Join a cutting-edge team and make an impact in the energy sector.
- Qualifications: Degree in a numerate discipline and experience in market risk within commodity trading.
The predicted salary is between 54000 - 66000 £ per year.
Commodities Trading house seeks a Market Risk Analyst (LNG, Power, Emissions) to work on real-time front-line control and business information for the management and traders, including daily PNL, risk reporting and risk analysis, participating also in projects to improve the ETRM and to support broader commercial activities.
The firm is at the forefront of the energy industry, specializing in exploration, production, transport, and marketing of oil, natural gas and biofuels.
Main responsibilities
- Prepare and review daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
- Analyse Pn L by trading strategy and by Pn L drivers (commodity market moves/FX/IR/option Greeks).
- Ensure that all risk limits are adhered to and deal with any mitigating actions following the breach of such limits (e. g. monitoring the unwinding of the related positions) and assist in implementing new limits/reallocating existing ones when necessary;
- Assist with identifying significant risk drivers within the business, ensuring transparency with senior management;
- Support front office in obtaining approval for new and non-standard products.
- Assist with defining forward curves methodologies for accurate mark to market and fair value reporting.
- Contribute to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams.
- Provide information and commentary for the bi-weekly Risk Committee meetings.
- Review and approve any relevant changes to the main ETRM system (Endur).
- Guarantee compliance of trading procedures with relevant controls and support when necessary internal and external audit requests.
- Maintain a strong knowledge of current Power, Emissions and LNG market signposts and trends.
Skills and experience required
- University degree in a numerate discipline (e. g. economics, mathematics, pure science, finance, engineering or similar).
- Relevant experience in a market risk role within a commodity trading environment.
- Strong knowledge of LNG, Power and Emissions markets.
- Strong knowledge of risk metrics such as Va R, stress-testing, scenario analysis.
- Strong knowledge of MS Office suite including Excel and VBA. Knowledge of Python, Matlab and SQL would be a plus.
- Knowledge of the Endur ETRM system would be an advantage.
- Strong organization skills with good attention to detail and the ability to work to tight deadlines.
- Strong communication skills, able to communicate concisely with senior management in the market risk function and with all stakeholders.
- Results-oriented and proactive approach.
- #J-18808-Ljbffr
Commodities Market Risk Analyst - LNG, Power & Emissions employer: Morgan McKinley
As a leading international savings and investments business with over a century of experience, we pride ourselves on fostering a supportive and inclusive work environment that prioritises employee well-being and professional growth. Our flexible working arrangements and commitment to workplace accommodations ensure that you can thrive in your role as the Group Financial Crime Policy and Standards Manager, while contributing to our mission of delivering exceptional financial outcomes for our clients. Join us to be part of a dynamic team that values collaboration, innovation, and integrity in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Commodities Market Risk Analyst - LNG, Power & Emissions
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Morgan McKinley. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Commodities Market Risk Analyst - LNG, Power & Emissions
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Morgan McKinley.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Morgan McKinley's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Morgan McKinley
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Morgan McKinley.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Morgan McKinley will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Morgan McKinley employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
