Market Risk Manager

Location: London, England, United Kingdom

Salary: Competitive salary + market leading benefits

A Global Commodities Trading firm are currently seeking a new Market Risk Manager. This position will deputise for the department head and significantly contribute towards the promotion of risk on the trading floor and across the wider business.

The Market Risk manager will continuously be challenged around risk measurement and methodology, processes and procedures whilst having close, daily interaction with the front office and business units across the division . Specific responsibilities include:

  • Create a strong risk presence and promote risk discussion on the trading floor, alongside building strong relationships across the business
  • Coach and oversee development and work of Market Risk Analysts
  • Provide timely risk insights into the trading portfolio to traders and senior management
  • Maintain and share strong knowledge of trading portfolios and keep abreast of developments in the energy markets;
  • Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods. Author new business reviews and strategic papers, and present the analysis in risk committee forums
  • Work with relevant business teams to formulate new business and product frameworks and integrate changes into the current policies, processes and systems
  • Lead analytical reviews and deliver improvements to market risk processes, models and methodologies

Experience required:

  • Demonstrable market risk experience gained within an energy/oil company, utility or trading house, with exposure to UK and EU Power and Gas (including LNG)¬†
  • Strong understanding of risk management of complex energy assets (specifically in Power and Gas) and risk methodologies such as VaR, PaR, Stress Testing and Option valuation theory
  • Strong mathematical and modelling skills
  • ¬†Developed IT skills such as advanced Excel (VBA) or a programming language (Python/MATLAB)
  • Confidence, presence, resilience and determination to succeed in a dynamic and demanding business environment
  • Strong interpersonal skills and ability to interact and communicate at all levels