At a Glance
- Tasks: Enhance risk processes and controls in energy trading, focusing on Market and Credit Risk.
- Company: Major energy trading organisation with a high-profile programme.
- Benefits: Competitive daily rate of £850, inside IR35.
- Other info: Opportunity to work closely with traders and technology teams for impactful solutions.
- Why this job: Make a real impact on risk management in the dynamic energy sector.
- Qualifications: Experience in risk analysis within energy or commodity trading environments.
The predicted salary is between 63000 - 77000 £ per year.
An experienced Risk Business Analyst / Risk SME is required to join a major energy trading organisation on a high-profile programme. Working across Market Risk, Credit Risk, Front Office and Middle Office, you’ll help improve risk processes, strengthen controls and ensure the business has a clear and accurate view of its trading exposures.
The role requires a strong understanding of the commodity trading lifecycle, from trade capture and valuation through to exposure management, risk reporting and limit monitoring. You’ll be working closely with business stakeholders to understand their challenges, challenge existing processes and translate risk requirements into practical solutions. The programme covers physical and financial commodities, with a particular focus on Gas and Power.
Key areas of responsibility include:
- Working with Front Office, Market Risk, Credit Risk and Middle Office to gather requirements and improve risk processes
- Understanding how trading activity translates into market and counterparty credit exposures across products and portfolios
- Supporting requirements around VaR, stress testing, sensitivities, scenario analysis, P&L explain and risk reporting
- Analysing counterparty exposure, credit limits, potential future exposure (PFE), collateral and margining
- Reviewing trade capture, valuation and position data to identify discrepancies affecting risk calculations and reporting
- Supporting risk controls, limit monitoring, breach management and escalation processes
- Writing business requirements and functional specifications, translating risk needs into clear deliverables for technology teams
- Supporting UAT and validating risk calculations, reports, controls and business processes
- Identifying gaps and opportunities to improve risk management processes across the trading lifecycle
Strong Business Analysis experience within an energy or commodity trading environment is essential. A solid understanding of Market Risk and Credit Risk, ideally with experience across both, is required. Experience engaging with Front Office traders, risk functions and Middle Office teams is also necessary.
Knowledge of the commodity trading lifecycle, including trade capture, valuation, exposure management and risk reporting is important. Familiarity with market risk measures such as VaR, stress testing, sensitivities, P&L explain and scenario analysis is beneficial.
Understanding of counterparty credit risk, exposure calculations, credit limits, PFE, collateral and margining is crucial. Experience gathering requirements, documenting processes and supporting technology delivery is expected.
Strong analytical skills, with the ability to investigate risk discrepancies and understand their underlying business drivers are needed. Experience with UAT, testing and validation of risk calculations, reporting or controls is advantageous.
Strong stakeholder management skills, with the ability to bridge the gap between business and technology teams are essential. SQL experience would be beneficial, particularly for investigating trade and risk data. Experience with an ETRM platform such as Endur would be advantageous.
This is a business-facing risk role, not a system integration or ETRM configuration position. The priority is to understand how risk is managed within an energy trading house, identify where processes or controls need improving, and ensure technology solutions meet the needs of the business. Someone with experience as a Risk BA or Risk SME within a commodity trading environment, particularly across Gas and Power, would be well suited to the role.
Risk Business Analyst | Energy Trading | Market Risk | Credit Risk | £850/Day Inside IR35 employer: VirtueTech Recruitment Group
Join a leading global energy trading business that prioritises innovation and employee development. With a collaborative work culture, you will have the opportunity to take ownership of impactful projects while benefiting from continuous learning and growth in a dynamic environment. Located in a vibrant area, this role offers unique advantages such as access to cutting-edge technology and a commitment to sustainability.
Contact Details:
VirtueTech Recruitment Group Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Business Analyst | Energy Trading | Market Risk | Credit Risk | £850/Day Inside IR35
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like VirtueTech Recruitment Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Risk Business Analyst | Energy Trading | Market Risk | Credit Risk | £850/Day Inside IR35
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to VirtueTech Recruitment Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on VirtueTech Recruitment Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at VirtueTech Recruitment Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with VirtueTech Recruitment Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at VirtueTech Recruitment Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former VirtueTech Recruitment Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
