At a Glance
- Tasks: Analyse trading activities and generate insightful reports for the Structured Products desk.
- Company: Dynamic commodities trading firm at the forefront of energy markets.
- Benefits: Professional development, innovative projects, and a vibrant work culture.
- Other info: Opportunity to work with cutting-edge technology like AI and machine learning.
- Why this job: Dive into the exciting world of energy trading and make a real impact.
- Qualifications: Degree in a numerate discipline and experience in market risk roles.
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 Manager - Gas & Power / Energy employer: Morgan McKinley
Join a leading commodities trading firm in London, where innovation and professional growth are at the forefront of our work culture. As a Market Risk Manager, you will thrive in a dynamic environment that encourages knowledge sharing and the development of cutting-edge tools, including machine learning applications. We offer competitive benefits and a commitment to your career progression, making us an excellent employer for those seeking meaningful and rewarding opportunities in the energy trading sector.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Manager - Gas & Power / Energy
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their trading strategies and recent news in the energy sector. This will help you stand out and show that you're genuinely interested in the role.
✨Tip Number 3
Practice your technical skills! Brush up on your knowledge of risk metrics and software tools like SQL and Python. Being able to demonstrate your analytical capabilities during interviews can really set you apart.
✨Tip Number 4
Don’t forget to apply through our website! We’re always looking for talented individuals to join our team. Plus, it shows you’re serious about wanting to be part of our dynamic environment.
We think you need these skills to ace Market Risk Manager - Gas & Power / Energy
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Risk Manager role. Highlight your relevant experience in market risk, especially within commodities trading. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about energy trading and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Your Analytical Skills:Since this role involves a lot of analysis, be sure to mention any specific tools or methodologies you've used in the past. If you've worked with risk metrics like VaR or stress-testing, let us know!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Morgan McKinley
✨Know Your Numbers
Make sure you 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, as this will show your analytical mindset and strong numerical skills.
✨Showcase Your Tech Skills
Since the role involves enhancing reporting systems and developing software tools, be prepared to talk about your experience with SQL, Python, and any relevant ETRM systems like Endur. Highlight specific projects where you've used these skills to streamline processes or improve analytics.
✨Communicate Clearly
Strong communication skills are key, especially when discussing complex topics with senior management. Practice explaining your past experiences concisely and clearly, focusing on how you can add value to the team and the firm’s operations.
✨Be Ready for Scenario Questions
Expect questions that test your problem-solving abilities in real-world scenarios. Think of examples from your past where you identified significant risks or resolved issues proactively, and be ready to share these stories during the interview.
