At a Glance
- Tasks: Join the Commercial Risk team to develop innovative quantitative models and support trading strategies.
- Company: Dynamic trading organisation focused on Gas and Power markets.
- Benefits: Competitive salary, comprehensive benefits, gym allowance, and generous annual leave.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Make a real impact in risk management while working with cutting-edge market technology.
- Qualifications: Degree in a numerate subject and experience in commodities or derivatives required.
The predicted salary is between 60000 - 75000 £ per year.
The Quantitative Risk and Data Analyst will play a key role in the day-to-day functioning of the Commercial Risk team, with scope to work on exciting projects, including the development of new quantitative models to support the implementation of trading strategies, with a focus on Gas and Power.
Key Responsibilities
- Risk reporting – daily/weekly/monthly reporting of risk the business carries, develop holistic Risk reporting for department, e.g. VAR suite, Stress testing, consolidated exposure/risk reports.
- Actively run and support daily VAR process.
- Development of quantitative models for the evaluation of complex structured deals, support originators/traders in the development and implementation of trading strategies incorporating such models.
- Development and validation of quantitative models for use in transaction valuation and risk measurement within the Commercial Risk.
- Risk data management – Ensure data in Risk systems are accurate, complete and accessible.
- Risk Platform/System development: improve processes, systems and reporting from internal systems for Risk needs.
- Develop and support operationalisation of latest market technology.
- Price Analysis – time series analysis of prices/volatilities/correlations, support annual Audit review of company price and valuation data.
- Data handling – Provide data extract and manipulation for Risk Team and stakeholders.
- Develop collaborative relationship with key stakeholders across functions.
Skills, Knowledge and Expertise
- Degree level education in a numerate subject, preferably in Economics, Engineering, IT, Science or Mathematics.
- Database (SQL) / coding / system knowledge and experience.
- Commodities/Derivatives experience in a similar trading organization.
- Minimum 4-5 years’ experience preferred.
- Proven quantitative and programmatic skills.
- A strong grasp of mathematics is a must with strong analytical skills.
- Proven track record of developing and applying quantitative models to complex gas and/or power deals (e.g. gas storages, virtual power plants).
- Ability to think logically and problem solve is key.
- Interest in commodities, traded markets and/or energy transition important.
- Be a self-starter as well as a team player.
- Willingness and ability to work and deliver on timelines.
- Be diligent and dedicated to manage ad‑hoc analysis and projects in a timely manner.
Benefits
This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full‑time position, with the successful candidate being required to attend the London office 4 days per week.
Contact Details:
Petroineos Trading Limited Recruitment Team
