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For Companies At a Glance
- Tasks: Monitor and analyse market risk in energy commodities, calculate VaR, and collaborate with teams.
- Company: Join a dynamic marketing and trading business supporting global energy operations.
- Benefits: Enjoy opportunities for remote work, professional growth, and corporate perks.
- Why this job: Be part of a growing team impacting global energy markets with exciting challenges.
- Qualifications: Bachelor’s or master’s in a quantitative field; prior experience in finance is a plus.
- Other info: Familiarity with risk systems and data visualisation tools is advantageous.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
Our client is a marketing and trading business supporting global energy operations. They are involved in equity production marketing, third-party trading, shipping, storage, and derivatives. The organisation operates across global time zones and continues to grow its European customer base across a range of energy products.
Due to continued expansion, we are seeking a Market Risk Analyst to join the team. The successful candidate will be responsible for monitoring risk exposures across both physical and financial energy commodity portfolios, calculating Value at Risk (VaR) and stress scenarios, and providing insight into market movements, forward curves, and trading P&L drivers. The role involves close collaboration with front office and control teams to manage risk limits, support hedging decisions, and enhance risk models and reporting tools.
RESPONSIBILITIES:
- Monitor and analyse daily market risk exposure across energy commodity portfolios (e.g., crude oil, LPG, natural gas, power, carbon)
- Calculate and validate key risk metrics, including Value at Risk (VaR), stress testing, scenario analysis, and mark-to-market P&L attribution
- Track and interpret movements in commodity prices, forward curves, volatilities, and basis risks.
- Collaborate with trading, risk control, and finance teams to investigate and explain material P&L and risk drivers
- Support the implementation and back testing of risk models and assumptions specific to physical and financial commodity products
- Ensure compliance with internal risk limits/Control policy and escalate breaches or anomalies in a timely manner
- Assist in reporting to senior management and external regulators, aligned with risk governance frameworks (e.g., ICE, FCA, EMIR, REMIT)
- Contribute to continuous improvement in risk reporting tools, dashboards, and processes using tools like Python, Power BI, or SQL
- Understand and monitor optionality, storage exposure, logistics constraints, and hedging effectiveness related to energy trading strategies
EDUCATION/ QUALIFICATIONS:
- Bachelor’s or master’s degree in a quantitative discipline (e.g., Finance, Economics, Mathematics, Engineering, Physics, Statistics).
SKILLS & COMPETENCIES:
- Strong interest in financial markets and risk management concepts
- Basic understanding of key financial instruments (bonds, options, swaps, futures) and market risk metrics (VaR, Greeks, sensitivities)
- Proficiency in Excel; knowledge of Python, SQL, or VBA is a plus
- Attention to detail and ability to work under pressure in a fast-paced environment
- Strong written and verbal communication skills, with the ability to collaborate effectively across functions
- Prior internship or placement year in a financial institution is advantageous.
- Familiarity with risk systems (e.g., Murex, Bloomberg, Risk Watch, or internal VaR engines).
- Understanding of regulatory frameworks (e.g., FRTB, Basel III, PRA guidelines).
- Experience with data visualization tools (e.g., Power BI, Tableau) for reporting.
EXPERIENCE:
- At least 2-3 years prior, related experience in the energy/commodity trading industry, particularly with commodities such as crude oil, is preferred.
Commodities Market Risk Analyst employer: RICHARD JAMES RECRUITMENT SPECIALISTS LTD
Contact Detail:
RICHARD JAMES RECRUITMENT SPECIALISTS LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commodities Market Risk Analyst
✨Tip Number 1
Familiarise yourself with the specific energy commodities mentioned in the job description, such as crude oil and natural gas. Understanding their market dynamics will help you engage in meaningful conversations during interviews.
✨Tip Number 2
Brush up on your knowledge of risk management concepts, particularly Value at Risk (VaR) and stress testing. Being able to discuss these topics confidently will demonstrate your expertise and interest in the role.
✨Tip Number 3
Network with professionals in the energy trading sector. Attend industry events or join relevant online forums to connect with people who can provide insights and potentially refer you to opportunities within the company.
✨Tip Number 4
Showcase your technical skills by working on projects that involve data analysis or risk modelling using tools like Python or Power BI. Having practical examples to discuss can set you apart from other candidates.
We think you need these skills to ace Commodities Market Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in market risk analysis, particularly in the energy or commodities sector. Emphasise your skills in calculating Value at Risk (VaR) and any familiarity with financial instruments.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to monitor and analyse market risk exposures, and how you can contribute to their team.
Highlight Technical Skills: Clearly outline your proficiency in tools like Excel, Python, SQL, and any data visualisation software you are familiar with. This is crucial as the role involves enhancing risk models and reporting tools.
Showcase Relevant Experience: If you have prior experience in a financial institution or internships related to commodities trading, make sure to detail these in your application. Highlight any specific projects or responsibilities that align with the job description.
How to prepare for a job interview at RICHARD JAMES RECRUITMENT SPECIALISTS LTD
✨Showcase Your Analytical Skills
As a Market Risk Analyst, you'll need to demonstrate your ability to analyse complex data. Be prepared to discuss your experience with calculating Value at Risk (VaR) and stress testing. Use specific examples from your past roles to illustrate how you've successfully managed risk exposures.
✨Understand the Energy Market
Familiarise yourself with current trends in the energy market, especially regarding commodities like crude oil and natural gas. Being able to discuss recent market movements and their implications will show your genuine interest and understanding of the industry.
✨Highlight Technical Proficiency
Make sure to mention your proficiency in tools like Excel, Python, and SQL. If you have experience with data visualisation tools such as Power BI or Tableau, be ready to discuss how you've used these in previous roles to enhance reporting and analysis.
✨Prepare for Collaboration Questions
Since the role involves working closely with trading and finance teams, prepare to discuss your collaborative experiences. Think of examples where you've effectively communicated complex information to non-technical stakeholders or worked as part of a team to solve a problem.