Senior Risk Officer, Gas

1 month ago


London, Greater London, United Kingdom Gunvor Group Full time
Senior Risk Officer, Gas & Power

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, responsible for measuring, analyzing, and monitoring market risk for all trading activities. This includes assessing and monitoring physical and financial trades, analyzing mark-to-market valuations, risk positions, basis changes, curves, and volatilities, and providing critical thinking around risk reporting processes.

Main Responsibilities

  • 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.
  • 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.
  • 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

  • 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.

If you think the open position you see is right for you, we encourage you to apply

Our people make all the difference in our success.



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