Working for a truly global energy trading group, we are now working to recruit an experienced Market Risk Analyst to join their busy and dynamic trading operation.
Key accountabilities
The Candidate will assist the Risk Manager in:
Providing the coordination/drive for the identification of market risk issues, identifying possible solutions and coordinating implementation of the preferred approach with Middle Office and IT;
Interpreting ISTs market risk policies and ensuring their applications in the respective business;
Providing the market risk input required as part of the process through which new activities and projects considered by the Front Office are being evaluated and approved;
The running of risk models and production of market risk numbers (including VAR and other metrics); Providing explanation of why these numbers have changed, and interacting with Front-Office in understanding the trading strategies underpinning the risk that is being measured.
** Candidate Profile **
- Must have directly relevant experience, acquired working in a related field (energy trading firm, financial institution, etc.).
- Familiar with the principles of market risk measurement and control. He/she will have a good understanding of the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non-linear instruments, etc.;
- Practical experience using market risk systems, preferably but not necessarily in an energy environment.
- He/she will be familiar with the practical difficulties/limitations of value-at-risk and other risk measures (volumetric limits, Greeks, etc);
- Sound understanding of the need for a robust risk management framework in a trading environment. He/she will know how risk limits should be set and controlled in order to ensure that the organisation only takes the risks it is comfortable with;
- The Candidate is expected to have financial modelling experience, and be familiar with the use of option valuation models, Monte Carlo simulations and other forms of quantitative analysis. Practical experience of this must be demonstrated and is a prerequisite.
