Senior Commercial Risk Analyst

2 weeks ago


London, Greater London, United Kingdom Richard James Recruitment Specialists Ltd Full time

Our client is a trader of Commodity and Energy products including, Gas, Power, LNG and Oil, based in Central London. They offer a unique chance to work within a growing and diversifying business, with a strong commercial appetite.

We are looking for an experienced, Senior Analyst to join our clients Commercial Risk team, with a focus on supporting the Gas, LNG, Power & Emissions trading teams.

This Trading Floor based role offers exposure to all parts of the business. From partnering the front office, to various parts of the middle and back office e.g. Risk, Finance, Credit, IT and more. The team provides a key function to the business, supporting the management and monitoring of the company's Risk exposures and valuations.

The role requires a broad knowledge base, from understanding market movements and trading strategies across various commodities, to helping to maintain and improve ETRM applications. The role requires deep insight into commodities trading and risk management; physical/paper exposure management, FX exposure, VaR, P&L valuation.

The role can expand with time to bring exposure to other commodities, such as Crude, Oil Products, Biofuels, Refining and develop further leadership accountabilities.

As the Senior Commercial Risk Analyst, you will be:

  • Responsible for the Gas, Power, LNG, Emissions, FX teams' daily position and P&L reporting, providing commentary on key value generators and changes. Attributing and communicating in a meaningful way.
  • Supporting more Junior analysts in their daily activity.
  • Review daily the team's exposure and value generated.
  • Review trading books are within Trading Delegations of Authority, and to ensure the hedging is carried out correctly each day, including hedging of trading FX exposure.
  • Perform or support team daily hedge processes as required.
  • Provide and support Risk input to pre deal analysis for new business initiatives.
  • Provide management information and analysis as required and to proactively seek to provide business beneficial commercial analysis.
  • Provide regular commentary on book performance and strategy, showing clear understanding, control, and risk measures to a variety of audiences.
  • Responsible for weekly/monthly/quarterly controls and input into financial close processes as required for designated business area.
  • Responsible for setup and maintenance of controls and reporting prior to commencement of LNG, Gas & Power, Derivatives and FX operations, and ongoing development thereafter.
  • Regular and active contributor to the wider Risk Team weekly and ongoing Risk meetings and discussions

EDUCATION, SKILLS &EXPERIENCE REQUIRED:

  • Degree level education, preferably in Business/Finance/Banking/Mathematics/Statistics/Engineering or with appropriate working experience.
  • Proven experience in a specific commodity; Gas, Power, LNG, Emissions in a risk or front office role.
  • Deep understanding of P&L attribution and valuation
  • Commercially aware with proven ability to provide input to new business initiatives and models.
  • Good communication skills, ability to interact with a variety of people. Analytical and detailed oriented mindset
  • Experience of managing or supporting significant business growth
  • Able to take, and maintain, an independent approach and challenge where appropriate.
  • Experience of leading or developing Junior Analysts.
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