At a Glance
- Tasks: Lead market risk oversight and enhance methodologies for trading desks.
- Company: Join SOCAR Trading, a leader in the commodity trading sector.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborate with diverse teams and contribute to strategic risk discussions.
- Why this job: Make a real impact on risk management in a fast-paced trading environment.
- Qualifications: MSc in a quantitative field and 6-10 years of market risk experience.
The predicted salary is between 70000 - 90000 £ per year.
SOCAR Trading is seeking a Senior Market Risk Analyst to join our Market Risk team. You will play a key role in overseeing risk management across trading desks, with a focus on crude and refined products, while driving the development and enhancement of our market risk framework and capabilities.
What You’ll Do
- Lead market risk coverage for trading desks, ensuring robust risk oversight and challenge.
- Own and enhance risk methodologies and frameworks, including VaR, stress testing, scenario analysis, and limit structures.
- Provide independent risk challenge to trading strategies, positions, and new deal structures.
- Oversee daily risk reporting, ensuring accuracy, timeliness, and relevance for senior stakeholders.
- Drive development of analytical tools and models to improve risk transparency and decision-making.
- Lead key market risk initiatives, including data quality, liquidity assessment, valuation governance, and model validation.
- Partner closely with Front Office, Middle Office, and IT to enhance systems, automation, and ETRM usage.
- Contribute to strategic risk discussions, including portfolio optimization, capital allocation, and risk appetite definition.
What We’re Looking For
- Location: London
- Education: MSc or higher in a quantitative discipline (Mathematics, Physics, Engineering, Computer Science, Financial Engineering, or similar).
- Experience: 6–10 years in market risk within commodity trading, ideally with strong exposure to crude and refined products, or gas and LNG.
- Technical Expertise: Deep understanding of market risk metrics (VaR, stress testing, sensitivities, Greeks); Strong grasp of P&L drivers, valuation, and risk decomposition; Experience with ETRM systems.
- IT Skills: Proficiency in Python, SQL, PowerBI.
- Languages: English required; additional languages are a plus.
- Leadership & Soft Skills: Strong stakeholder management and ability to challenge front office; Excellent communication and presentation skills; Proven ability to work independently and under pressure.
Market Risk Analyst in London employer: SOCAR Trading
SOCAR Trading is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong focus on employee development, we provide ample opportunities for growth through challenging projects and strategic initiatives in market risk management. Our inclusive culture encourages open communication and teamwork, making it a rewarding place for professionals seeking to make a meaningful impact in the commodity trading sector.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Analyst in London
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Market Risk Analyst role.
✨Tip Number 2
Prepare for those interviews by brushing up on your technical skills. Make sure you can confidently discuss VaR, stress testing, and your experience with ETRM systems. We want you to shine when they ask about your analytical tools and methodologies!
✨Tip Number 3
Showcase your soft skills! Communication and stakeholder management are key in this role. Practice articulating your thoughts clearly and confidently, as we know how important it is to challenge trading strategies effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Market Risk Analyst in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Market Risk Analyst role. Highlight your experience in market risk, especially with crude and refined products, and showcase your technical skills in Python and SQL. We want to see how your background aligns with what we're looking for!
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 skills can contribute to our team. Be specific about your experience with risk methodologies and frameworks, as this will grab our attention.
Showcase Your Analytical Skills:In your application, don't forget to highlight your analytical skills and any tools or models you've developed. We love seeing candidates who can drive improvements in risk transparency and decision-making, so share examples of your past work!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at SOCAR Trading
✨Know Your Risk Metrics
Make sure you brush up on your understanding of market risk metrics like VaR, stress testing, and Greeks. Be ready to discuss how you've applied these in your previous roles, especially in relation to crude and refined products.
✨Showcase Your Analytical Skills
Prepare to demonstrate your proficiency in analytical tools and models. Bring examples of how you've improved risk transparency or decision-making in past positions, and be ready to discuss your experience with Python, SQL, and PowerBI.
✨Engage in Strategic Discussions
Think about how you can contribute to strategic risk discussions. Be prepared to talk about portfolio optimisation, capital allocation, and risk appetite definition, showing that you understand the bigger picture beyond just numbers.
✨Communicate Effectively
Strong communication skills are key for this role. Practice explaining complex risk concepts in a clear and concise manner, as you'll need to present your findings to senior stakeholders and collaborate with various teams.
