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- Tasks: Analyse trading activities and generate insightful reports for the Structured Products desk.
- Company: Dynamic commodities trading firm focused on innovation in energy markets.
- Benefits: Professional development, collaborative environment, and opportunities to work with cutting-edge technology.
- Other info: Join a team that values knowledge, innovation, and offers excellent career progression.
- Why this job: Dive into the exciting world of energy trading and contribute to impactful market risk projects.
- Qualifications: Degree in a numerate discipline and experience in market risk within trading firms.
The predicted salary is between 60000 - 80000 £ per year.
Commodities trading firm looking for a Senior Market Risk Analyst (Structured Products) to join Trade & Biofuels team in London. You will be responsible for the daily analysis of the Structured Products desk’s trading activities, generating reports on positions and PnL as well as providing ad hoc support to other desks’ operations as required (Gas, Crude Oil Derivatives, LNG, and Power & Emissions). You will also support the Market Risk projects team to provide cover for reporting and related responsibilities. The team is constantly striving to improve its procedures through automation and a significant aspect of the role will be to continue the development of software to streamline daily processes and enhance the team’s analytic capabilities. In addition, the team is currently developing software to assist front office in system trading, using a variety of techniques including machine learning and artificial intelligence. There would be scope within this role to participate in the development of these tools. Immerse yourself in the fast evolving world of energy trading, particularly within the growing biofuels market. Firm is committed to your professional development, offering a dynamic environment that values knowledge, innovation and career progression.
Main responsibilities
- Preparing and reviewing daily P&L and risk reports, monitoring limits, and proactively resolving any issues in coordination with the relevant teams.
- Support front office in obtaining approval for new and non-standard products.
- Assisting in identifying significant risks within the business and ensuring they are transparent to senior management.
- 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 for trading procedures with relevant controls and support when necessary internal and external audit requests.
- Participate in the enhancement of reporting and the development of reporting systems.
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 commodity trading companies or banks.
- Strong knowledge of risk metrics such as VaR, stress-testing, scenario analysis.
- Good knowledge of derivatives and options.
- Strong knowledge of MS Office suite including Excel and VBA.
- SQL and Python would be a strong advantage.
- Knowledge of the Endur ETRM system would be an advantage.
- Analytical mindset and strong numerical skills.
- 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.
Market Risk Analyst - Structured Products in London employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Analyst - Structured Products in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and the role inside out. We recommend practising common interview questions and even doing mock interviews with friends. Show them your analytical skills and how you can contribute to their team!
✨Showcase Your Skills
Don’t just tell them what you can do; show them! Bring examples of your work or projects that highlight your experience with risk metrics and software development. We love seeing candidates who can demonstrate their capabilities in real-world scenarios.
✨Apply Through Our Website
Make sure to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate individuals who want to grow with us in the exciting world of energy trading.
We think you need these skills to ace Market Risk Analyst - Structured Products in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your relevant market risk experience and any specific knowledge of structured products or commodities trading. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about market risk and how your background aligns with our needs. Don’t forget to mention your interest in automation and software development, as that’s a big part of what we do.
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to include examples of how you've used your analytical skills in previous roles. Whether it's through risk metrics or reporting, we want to see your thought process and problem-solving abilities.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our dynamic team!
How to prepare for a job interview at Morgan McKinley
✨Know Your Numbers
As a Market Risk Analyst, you'll need to be comfortable with risk metrics like VaR and stress-testing. Brush up on these concepts before your interview, and be ready to discuss how you've applied them in previous roles. This will show that you understand the core responsibilities of the position.
✨Showcase Your Technical Skills
Familiarity with SQL and Python is a big plus for this role. If you have experience with these languages, prepare to share specific examples of how you've used them to enhance reporting or automate processes. If you're still learning, mention any projects or coursework that demonstrate your commitment to developing these skills.
✨Communicate Clearly
Strong communication skills are essential, especially when discussing complex topics with senior management. Practice explaining your past experiences and technical concepts in a clear and concise manner. Consider doing mock interviews with a friend to refine your delivery.
✨Be Ready to Discuss Automation
The team is focused on improving procedures through automation, so be prepared to talk about any relevant experience you have in this area. Whether it's software development or process improvement, highlight how you've contributed to making operations more efficient in your previous roles.