Market Risk Analyst

6w1 month ago

Peninsula Petroleum

London, GB · Full-time · £65,000 – £85,000

About this role

This role focuses on the preparation and production of daily P&L reporting of the group’s hedging activity to enable the business to understand and manage commercial performance. It includes daily volume exposure reporting, P&L reporting, analysis, limit monitoring, and monthly Management Information to Management Accounts reconciliations.

Daily tasks include broker reconciliation and validation of trading system data accuracy. Produce price curves for P&L and mark-to-market valuations. Manage OTC client derivative trades, including credit reporting, margining, confirmations, settlements, and invoicing.

Maintain close liaison with hedging desk traders and physical controllers to ensure timely and accurate data flow. Collaborate across Front Office, Risk, and Finance while reporting to Dobir Hussain. Ensure integrity of data through strong controls and robust audit trails.

Support and implement process and system improvements to streamline reporting activities. Provide proactive commercial analysis, including pricing, basis risk, and P&L attribution. Assist month-end close activities and infrastructure required for business growth.

Requirements

Relevant experience within oil or energy trading environments
Strong understanding of derivatives, associated risks, and P&L attribution
Working knowledge of market risk concepts, controls, and reporting across derivative portfolios
Carbon market expertise, including knowledge of carbon trading businesses and an understanding of the end-to-end physical delivery process for carbon credits and environmental certificates
Knowledge of freight derivatives trading processes, including awareness of associated market risk dynamics and valuation considerations
Excellent communication and stakeholder management skills across Front Office, Risk, and Finance
Strong analytical mindset with attention to detail and an ability to identify anomalies
High level of computer literacy, particularly in Excel (VBA desirable)

Responsibilities

Preparation and production of daily P&L reporting for all hedging activities, including daily volumetric exposure, P&L analysis, limit monitoring, and MI to MA reconciliations
Daily broker reconciliation and validation of trading system data accuracy
Close liaison with hedging desk traders and physical controllers to ensure timely and accurate data flow
Support and implementation of process and system improvements to streamline reporting activities
Proactive provision of commercial analysis, including pricing, basis risk, and P&L attribution
Price curve production for P&L and mark-to-market valuations
Management of OTC client derivative trades, including credit reporting, margining, confirmations, settlements, and invoicing
Ensuring integrity of data through strong controls and maintenance of robust audit trails