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Senior Analyst Commodity Risk

London, United Kingdom, £ £ - Annual Annual, Permanent

Description:

This role sits within the Gas and Power Trading International (GPTI) Commodity Risk team and is accountable for providing deep business understanding on risk measurement and control. This role holds the primary interface into the trading team and requires balancing independence with a business enabling partnership.

Key accountabilities

  • Own and drive modernization of MVaR and Stress processes
  • Improve and develop market risk measurement models and methodologies
  • Daily MVaR, Exposures, and Stress Tests: Provide explanation of why these numbers have changed, and interact with Front-Office in understanding the trading strategies underpinning the risk that is being measured
  • Deliver timely, meticulous, and accurate reporting and analytics that provide insight into risks of GPTI business activities to support business decision making and strengthen the control environment
  • Monthly calculation on NPVaR and quarterly calculation of NOI: Execution of model, explanation of drivers, and interacting with Front-Office in understanding the trading strategies underpinning the risk that is being measured
  • Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy
  • Work daily with Finance Analytics to ensure that adequate risk discipline and control prevails in GPTI


Essential education

  • A University degree in a quantitative subject area is a requirement.
  • Advanced degree in finance, economics, mathematics, science, engineering, etc. is highly desirable. Professional qualification in financial analysis (e.g. CFA), risk management, business or operations research is also desirable.


Essential experience and job requirements

  • Strong analytical skills including the ability to understand and communicate sophisticated transactions with embedded optionality as well as the ability to assess the market risk impact of those transactions on an existing portfolio
  • Strong numeracy and advanced Excel or Python skills ability
  • Familiarity with the basic principles of market risk measurement and control. Understanding the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc
  • Familiarity with the practical difficulties/limitations of MVaR and other risk measures (volumetric limits, Greeks, etc) either through working in the middle office or a front office role
  • Sound understanding of the need for a robust risk management framework in a trading environment. He/she will know how risk limits should be set and controlled in order to ensure that the organization only takes the risks it is comfortable with
  • Good understanding of the fundamentals of energy trading, including extensive familiarity with derivatives and other trading instruments
  • Wide knowledge and good understanding of energy trading markets (European gas, power and LNG) and various instruments


Desirable criteria

  • Proven understanding of global gas and power market drivers, physical assets, and fundamentals
  • Proven experience preferably in LNG or Gas/Power Europe Market Risk or Trading roles

Location: London Canary Wharf 3 days. Home working 2 days


We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.

Job Details

1304854492
Full Time
London, United Kingdom
Permanent
£ £ - Annual Annual