Job Description:
Responsibilities:
* Implement and utilise risk models and tools for the Market Risk team, such as for analysing market liquidity, prices, volatilities, and correlations amongst other factors. Investigate and understand risk models and tools on behalf of other business teams, supporting their development, improvement, and adoption.
* Perform regular and bespoke analyses across the company’s existing and expanding portfolio, on risk topics covering wholesale markets instruments and exposures, underlying positions, risks, and P&L, as well as scenarios, stresses, VaR, and other key factors.
* Review and propose metrics and limits to facilitate appropriate control over exposures, positions, values, and risks across all market risk-generating business activities, including commodities such as power, gas, and certificates.
* Develop market risk proposals and support stakeholder engagement and committee approval processes. Update risk policies and frameworks in line with new approvals and business changes.
* Backtest models, tools, limits, and controls, proposing enhancements and additional measures.
* Facilitate operational readiness planning and implementation to support onboarding of new business activities and their associated risks.
* Provide opinions and recommendations on a range of risk topics to the team and the business.
Experience:
* A numerate degree such as Mathematics, Physics, Engineering, Computer Science, Economics, or Finance.
* At least two years’ experience in the energy sector in a risk, pricing, or analytics role.
* Experience performing risk analysis in Excel or other applications, including prices, market liquidity, portfolio positions, volatilities, correlations, P&L distributions, VaR, risk premia, etc.
* Some exposure to ETRM systems and trading databases.
* Reviewed and updated controls and limits on positions and P&L monitoring.
* Supported drafting proposals and papers, managing stakeholder engagement processes.
* Experience supporting project planning and implementation, such as onboarding new business activities or system updates.
* Strong knowledge of Excel and programming abilities in at least one language, such as Python, SQL, R, or VBA.
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