At a Glance
- Tasks: Lead market risk oversight for trading desks and enhance risk methodologies.
- Company: Join SOCAR Trading, a leader in the energy sector with a dynamic team.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- 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).
Market Risk Analyst employer: SOCAR Trading
SOCAR Trading is an exceptional employer that fosters a collaborative and dynamic work environment in the heart of London. With a strong emphasis on employee development, we offer numerous growth opportunities and encourage continuous learning, making it an ideal place for professionals seeking to enhance their skills in risk management and trading operations. Our commitment to robust controls and accurate reporting ensures that every team member plays a vital role in our success, while the vibrant culture of teamwork and innovation makes working here both meaningful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Market Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to professionals in the market risk field on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and market trends. Be ready to discuss your experience with VaR, stress testing, and how you've tackled risk challenges in the past.
✨Tip Number 3
Showcase your analytical skills! Bring examples of tools or models you've developed that improved risk transparency. This will demonstrate your hands-on experience and problem-solving abilities.
✨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
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 any relevant methodologies you've worked with, like VaR or stress testing.
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 background aligns with our needs. Don’t forget to mention specific projects or achievements that demonstrate your expertise.
Showcase Your Analytical Skills:Since this role involves developing analytical tools and models, make sure to highlight any relevant technical skills or projects. If you’ve worked on data quality or liquidity assessments, 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’re considered for the role. Plus, it shows you’re keen on joining our team!
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 scenario analysis. Be ready to discuss how you've applied these in previous roles, especially in relation to crude and refined products.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical capabilities by discussing specific tools or models you've developed or improved. Highlight any experience with data quality and liquidity assessment, as this will resonate well with the role's requirements.
✨Engage in Strategic Discussions
Think about how you can contribute to strategic risk discussions. Be prepared to talk about portfolio optimisation and capital allocation, and have examples ready that showcase your ability to define risk appetite in a trading context.
✨Collaborate Effectively
Since the role involves partnering with various teams, be ready to discuss your experience working with Front Office, Middle Office, and IT. Share examples of how you've enhanced systems or automated processes to improve risk management.
