Market Risk Analyst

Job Description

Market Risk AnalystLondon6 month contractAs part of the Energy Marketing & Trading (EM&T) Market Risk Team you will help manage the risk of loss of earnings arising from changes in the value of the EM&T portfolio driven by commodity price changes. The team has primary responsibility for the identification, measurement, control and reporting of commodity price risk.This is a key role in controlling and reporting risk and continuously developing the function as EM&T grows and transitions to a multi-location trading model. The job holder will confidently analyse and monitor market risks, and recommend market risk measurement methodologies, processes and policies whilst having close daily interaction with the front office and business units across the division. Produces market risk reports as required and maintains awareness of principal market risks and emerging market risk issues.Role accountabilities:* Produces market risk reports and ad hoc market risk analysis. Confidently answers questions relating to market risk reports* Understands Market Risk limits and performs detailed daily monitoring of portfolios. Reconciles and prepares commentary on movements in market risk measures, escalating emergent market risk issues to manager* Maintain and share strong knowledge of trading portfolios and stay abreast of developments in the energy markets* Perform ad hoc market risk analysis, using simulation based modelling and other quantitative methods* Support the Head of Market Risk and Risk Managers to create a strong risk presence and promote risk discussion on the trading floor, alongside building strong relationships across the EM&T business* Work with relevant business teams to implement and test new business and product frameworks. Integrate changes and deliver improvements to market risk policies, processes and systems* Provides support to the Market Risk Managers.The Person:* Degree or equivalent in a quantitative subject, Masters Degree desirable* CFA, FRM or PRM preferred, but not a requirement* Analysing data and solving problems, desirable in an energy trading environment* Experience in Market Risk management* Strong understanding of market risk management of complex energy assets (specifically in Power and Gas) and risk methodologies such as VaR, PaR, Stress Testing and Option valuation theory* Knowledge of the Nordic Power Markets and Green certificates * Insight into commodity risk management issues, requiring risk diagnostics and sophisticated analysis* Strong mathematical and modelling skills required, including developed IT skills such as advanced Excel (VBA) or a programming language (Python/MATLAB). Python experience highly desirable* A strong independent mind in executing responsibilities alongside maintaining effective working relationships across the organisation* Confidence, presence, resilience and determination to succeed in a dynamic and demanding business environment* Excellent attention to detail, with good problem solving and root cause identification skills* Strong interpersonal skills and ability to interact and communicate at all levels.Candidates will ideally show evidence of the above in their CV in order to be considered.Please be advised if you havent heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you accordingly.Pontoon is an employment consultancy and operates as an equal opportunities employer. Required skills

Keyskills :
Ndic Power Markets