At a Glance
- Tasks: Analyse trading activities and generate insightful reports for the Structured Products desk.
- Company: Join a leading commodities trading firm in the heart of London.
- Benefits: Dynamic work environment with opportunities for professional growth and development.
- Other info: Collaborate on innovative projects using machine learning and AI to improve trading processes.
- Why this job: Dive into the exciting world of energy trading and biofuels while enhancing your analytical skills.
- Qualifications: Degree in a numerate discipline and relevant market risk experience required.
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.
- 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 - Morgan McKinley in London employer: Morgan McKinley
Morgan McKinley is an exceptional employer that fosters a culture of innovation and professional growth, particularly within the dynamic field of energy trading. Located in London, the firm offers its employees the opportunity to engage in cutting-edge projects involving machine learning and artificial intelligence, while also providing comprehensive support for career advancement and skill development. With a commitment to enhancing analytical capabilities and streamlining processes, Morgan McKinley ensures a rewarding and meaningful work environment for its team members.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Analyst - Structured Products - Morgan McKinley in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Morgan McKinley or similar firms. Attend events, webinars, and meetups to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of market risk metrics and structured products. Be ready to discuss how your skills in SQL and Python can contribute to the team’s goals, especially in automation and reporting.
✨Tip Number 3
Showcase your analytical mindset! During interviews, share examples of how you've tackled complex problems in previous roles. Highlight any experience with risk analysis or reporting systems to demonstrate your fit for the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Market Risk Analyst - Structured Products - Morgan McKinley in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Risk Analyst role. Highlight your relevant experience in market risk, especially within commodity trading. We want to see how your skills align with the job description, so don’t hold back!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background makes you a perfect fit. We love seeing enthusiasm and a clear understanding of the position.
Showcase Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've used these in past roles. Whether it's through risk metrics or software development, we want to see your problem-solving prowess!
Apply Through Our Website:Don’t forget to apply 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 team at StudySmarter!
How to prepare for a job interview at Morgan McKinley
✨Know Your Numbers
Brush up on your knowledge of risk metrics like VaR, stress-testing, and scenario analysis. Be ready to discuss how you've applied these in previous roles or projects, as this will show your analytical mindset and familiarity with the key concepts.
✨Showcase Your Tech Skills
Since the role involves enhancing reporting systems and using software for analytics, make sure you highlight your experience with Excel, VBA, SQL, and Python. If you've worked on any automation projects or developed tools, be prepared to share specific examples.
✨Understand the Trading Environment
Familiarise yourself with the commodities trading landscape, especially in biofuels and derivatives. Being able to discuss current trends or challenges in the market will demonstrate your genuine interest and help you connect with the interviewers.
✨Communicate Clearly
Practice articulating complex ideas simply and concisely. You'll need to communicate effectively with senior management and various stakeholders, so being able to explain your thought process and findings clearly is crucial.
