Job Description

Market Risk Analyst
Location: Aldgate, Greater London
PCD290003

Role Overview
At the organisation, we produce and trade oil, gas, liquefied natural gas (LNG), and carbon credits. This is supported by our investments in low-carbon technologies, which will help sustain our business through the energy transition. Direct examples of these areas are ‘the organisation’, our pioneering carbon storage project in the Danish North Sea, and our investment in the organisation.
The organisation operates as the single face to the Gas, LNG, Power, Carbon, and Crude Oil commodity markets for the organisation. Our core mission is to fully monetise the organisation's equity Oil and Gas production across Europe and the US. Beyond this, the Trading and Business Development teams are tasked with originating and developing third-party physical business.
We also support the wider organisation by leveraging our carbon trading capabilities and supplying LNG, Gas, and Power to the organisation's industrial base.
Our team is on an exciting journey, and we anticipate continued growth across both new commodities and geographies, as the business evolves to support the organisation's expanding global footprint.
Reporting to the Market Risk Manager, the Market Risk Analyst will independently identify, measure, and report on the level of economic/market risk from new business proposals, material contracts, and trading exposure, to advise the commercial teams on mitigation strategies and risk appetite. This role requires someone to bring a commercially aware and entrepreneurial mindset to the mid-office function to ensure the trading control environment is designed and implemented effectively through robust policies and procedures, and to ensure that such policies and procedures are adhered to.
As the Market Risk Analyst, one of your key responsibilities is to provide daily performance and market risk analysis for the trading business. You will be working closely with traders and other parts of the business. This role offers unparalleled exposure to the entire commodity trading lifecycle, both physical and financial, Risk functions, Finance, Back Office and multiple business units. Immerse yourself in the fast-evolving world of energy trading, particularly in the sustainable LNG market. the organisation is committed to your professional growth, offering a growing vibrant environment that values knowledge, innovation and career advancement.

Skills and Experience
University degree in Economics, Finance and/or related disciplines
Relevant experience in a market risk role within commodity trading companies or banks
Familiarity with one or more ETRM systems is an advantage (e.g., trading risk system, trading risk system)
Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis
Capable of being independent and able to objectively analyse and report risks and exposures
Solid knowledge of the office productivity software suite, including excellent spreadsheet software and spreadsheet automation skills; knowledge of Python, business intelligence platform, numerical computing software and SQL is a plus
Advanced understanding of pricing and hedging of physical activities using various derivative instruments (futures, swaps, options, etc.)
Regularly engage in discussion with traders and management about exposure and P&L
Ability to provide accurate and relevant risk reporting and analysis to control activities of the trading team
Strong understanding of financial accounting including accruals and mark-to-market
Full command of the English language, both spoken and written.

Key Responsibilities
Design and produce key trading risk metrics (VaR, stress testing, skew analysis) and lead the continuous development of these daily processes from both a technical and efficiency perspective (e.g. automation of tasks)
Evaluate the risk impact of complex trading strategies which may require the use of technical mathematical models, e.g. Black-Scholes models
Lead the valuation process for long-term deals, accurately capturing the impact of a range of market scenarios to the risk-to-reward ratios of new projects, and identifying the key sensitivities associated with them
Provide risk analysis in assessing new trading strategies, trading limits, and other business assessment of risk across a range of commodities (crude & products, gas, LNG, carbon)
Lead and/or support systems strategies for the market risk and trade control functions with respect to exposure management and management information systems
Manage trade control systems where we use trading risk system/trading risk system
Work closely with the Director of Risk, Market Risk Manager, front office, and finance for effective allocation of trading risk capital (market, credit, cash)
Bring mark to market principles to the control environment and interface with finance to ensure effective reporting
Setup any new exposure management or entrepreneurial trading books as required by the business
Work in a collaborative environment, helping to support trade control and finance business functions where needed, including setting up of new business activities and second line of defence monitoring of technical team outputs

Personal Attributes
Highly driven, determined & hard working – able to deliver against tight
Experience in building relationships with senior stakeholders
Excellent people skills to interact with external and internal contacts both at executive level and a technical level
Excellent verbal, written and presentation communication skills
Well organised, with strong attention to detail and the ability to work under tight.
A critical and strategic thinker, with a long-term view on risk but with a short-term and pragmatic view on implementation
Be versatile and enjoy working within a team environment
Ability to challenge sensitive issues constructively whilst maintaining strong working relationships
Proactively identify and communicate potential issues with the appropriate teams or stakeholders