Risk Management Specialist

1 month ago


London, Greater London, United Kingdom newscientist - Jobboard 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, Gas & Power is a key member of the Risk team, reporting to the Head of Risk Officers Power & Gas. This role is responsible for measuring, analyzing, and monitoring the positions and P&L, challenging assumptions made by the front office, and delivering reports and high-quality digital tools to improve decision-making and risk management.

Main Responsibilities
  1. Develop and maintain risk models to analyze and report market risk for all trading activities, assessing and monitoring physical and financial trades.
  2. Provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for trading activities.
  3. Work closely with Traders to quantify and explain the sources of risk in their portfolios, and communicate effectively with Front Office, Operations, Trade Support, Finance, and IT teams on inputs and assumptions.
  4. Contribute to the reporting of Trading Results/Positions to Senior Management, responsible for monthly translation into accounting of trading results.
  5. Prepare various reports and analyses for publishing internally and to the Management Board as applicable.
  6. Identify and communicate operational risks, define risk mitigating measures, and set priorities.
  7. Month-end and year-end reconciliations with finance and external auditors as required.
Profile/Key Skills

The ideal candidate should have a university degree in Computing, Mathematics, Engineering, Economics, or Finance from a top-ranked University, with a minimum of 5 years of experience in the commodity trading business, preferably within a major trading house or utility company. Strong analytical and problem-solving skills, entrepreneurial spirit, and ability to work with limited supervision are essential. Proficiency in Microsoft Excel, VBA, and other data analysis tools, as well as good knowledge of Access and SQL Server, are required. Fluency in English, both written and spoken, is essential, with French and/or any other European language being a plus.

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