Senior Risk Officer

1 month ago

London, Greater London, United Kingdom oilandgas Full time
Job Title:
Senior Risk Officer, Gas & Power

Contract Type:
Permanent

Time Type:
Full time

Job Description:

Scope and Summary of the Role

The Senior Risk Officer is a member of the Risk team, reporting to the Head of Risk Officers Power & gas. This role is responsible for measuring, analyzing, and monitoring positions and P&L, challenging assumptions taken by front-office, and delivering reports and high-quality digital tools to improve decision-making and risk management.

Main Responsibilities
  • Analyze, model, and report market risk for all trading activities. Assess and monitor physical and financial trades.
  • Analyze mark-to-market valuations, risk positions, basis changes, curves, and volatilities and P/L results daily.
  • Challenge assumptions taken by traders.
  • Develop and maintain risk reporting/analytics to communicate position, P/L, and market risk to traders and management.
  • Coordinate and review deal and price in trading system by performing deal check, price validation, curve update, and data reconciliation. Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure the representativeness and integrity of transactions in the trading system.
  • Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
  • Maintain, enhance, and review risk models. Test new risk calculations, evaluate model assumptions against fundamentals, and communicate suggested modeling/valuation enhancements to achieve better valuation and risk quantification.
  • Communicate effectively with Front Office, Operation, Trade Support, Finance, and IT team on inputs and assumptions.
  • Work closely with Traders to quantify and explain the sources of risk in their portfolios.
  • Contribute to the reporting of Trading Result/Position to Senior management. Responsible for monthly translation into accounting of trading results.
  • Prepare various reports and analysis for publishing internally and to the Management Board as the case may be.
  • Work closely with Back Office, Finance, Credit, Legal & Compliance, Business Unit Control to ensure best control practices, operational efficiency, and policy/limit compliance.
  • Coordinate with Compliance to ensure compliance requirements are met.
  • Support, identify, and assist in implementing process improvement, from system testing and implementations to desk level process.
  • Identify and communicate operational risk, define risk mitigating measures, and priorities.
  • Month-end and year-end reconciliations with finance and external auditors as required.
  • Back up/support for other desk's Risk officers as the case may be.
Profile/Key Skills

The individual should have the following experience:
  • University degree, preferably in Computing, Mathematics, Engineering, Economics, or Finance in a top-ranked University.
  • Mastery of analytics tools and technologies.
  • Minimum 5 years in the commodity trading business, preferably within a major trading house or utility company.
  • Experience in valuation of Natgas & Power positions and assets (storages, pipelines, flexible products, power plant), experience in booking and operating assets is a plus.
  • Strong analytical and problem-solving skills.
  • Entrepreneurial spirit, naturally curious, and proactive.
  • Eager to learn and ability to work with limited supervision.
  • Excellent attention to detail; rigorous and meticulous.
  • High degree of accuracy and efficiency under set deadlines.
  • Ability to work independently and as part of a team.
  • Strong communication and interpersonal skills.
  • Comprehensive understanding of risk management methodologies and valuation models.
  • Proficiency in Microsoft Excel, VBA, and other data analysis tools (Python and SQL is a plus).
  • Good knowledge of Access and SQL Server.
  • Fluent in English, both written and spoken, French and/or any other European language is a plus.
  • Position based in London.

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