Senior Market Risk Analyst - Energy

2w2 weeks ago

SmartestEnergy

London, GB · Full-time · £75,000 – £95,000

About this role

Shape the future of market risk in a fast-moving energy business. As a Senior Market Risk Analyst, you'll play a pivotal role in protecting and enabling our commercial strategy by developing robust risk frameworks and delivering insightful analysis.

You will work across our expanding portfolio of power, gas, and environmental products, using advanced analytics, modelling, and market expertise to identify, measure, and manage risk. Your day-to-day will involve developing and implementing risk models and tools, analysing market liquidity, prices, volatilities, and correlations, and reviewing proposals from other business teams.

This is an exciting opportunity for an experienced market risk professional to make a tangible impact in a collaborative, commercially focused environment. You'll also champion operational readiness planning to support onboarding new business activities and their associated risks.

With offices in the UK, US, and Australia and plans for further expansion, you'll be part of a dynamic, globally-minded team. Our hybrid working model typically means 2 days in the office and 3 days working from home each week, with flexibility to work from anywhere for up to 30 days a year.

Requirements

Experience in the energy sector in a risk, pricing, or analytics role.
Performed an extensive spectrum of risk analysis on aspects such as prices, market liquidity, and portfolio positions, including computing volatilities, correlations, P&L distributions, value-at-risk, and risk premia.
Strong quantitative and analytical skills with proficiency in advanced modelling techniques.
Deep understanding of energy commodities markets, including power, gas, and environmental products.
Experience developing and implementing risk models and tools in a trading or risk management environment.
Ability to influence cross-functional teams and communicate complex risk concepts to stakeholders.
Knowledge of regulatory frameworks and risk governance best practices relevant to energy trading.

Responsibilities

Develop, implement and utilise risk models and tools for the Market Risk team, analysing market liquidity, prices, volatilities and correlations.
Review and make recommendations on risk models and tools on behalf of other business teams, influencing their development, improvement, and adoption.
Proactively undertake regular and bespoke analyses across the company’s existing and expanding portfolio on wholesale market instruments, underlying positions, risks, P&Ls, scenarios, stresses, and VaR.
Establish and enhance metrics and limits to ensure appropriate control over exposures, positions, values, and risks across all market risk generating business activities, including power, gas, and certificates.
Develop market risk proposals and manage stakeholder engagement and committee approval processes; revise and improve risk policies and frameworks.
Backtest models, tools, limits, and controls, spearheading enhancements and additional measures.
Champion operational readiness planning and implementation to support the department and the wider organisation in onboarding new business activities and their associated risks.

Benefits

Global Impact: Be part of a globally-minded team with offices in the UK, US, and Australia and plans for further expansion.
Flexible Working: Work from anywhere in the world for up to 30 days a year, with hybrid working typically 2 days in the office and 3 days at home.
Commitment to Diversity and Inclusion: Join a team where diversity is celebrated as a key driver of growth and innovation.
Work-life balance prioritised with a culture that recognises your well-being.