We have an excellent opportunity for a Senior Risk Analyst to join an Energy Trading House in Central London.
MAIN JOB FUNCTION
The team provides real-time front-line control and management information for management and traders, integrating the daily PNL & risk reporting that is produced to across the business to provide an overarching risk management view. The role also involves driving projects to improve the systems and the use of the data that is produced through every stage of the trade life cycle. Given the unique position of the team in the middle of the business commercial activities, the team will also support broader commercial activities, company objectives and management decision making.
KEY RESPONSIBILITY AREAS
Leading projects to help improve our performance of Middle Office functions including:
Analysis of positions and understanding of how they fit within the firm’s risk framework. Positions may be both physical as well as financial;
VaR calculation and analysis, ensure that the VaR metric is both complete and accurately reflects the risk of the desks
Automation and improvement of processes carried out by Trade Control and Credit departments
Calculating cash usage throughout EGEM in order to predict future cash requirements and monitor cash usage by Front Office;
Stress, Analysis and calculation of stress on an aggregate level as well as specific strategy level ensuring that the figure is accurate and has the support of Front Office as well as Market Risk.
Lead ongoing projects (IT and other) in market risk team. These projects can be cross asset class and either designed to improve architecture, efficiency or risk metrics. Significant interaction within the market risk team will be necessary
Interface with IT to develop and manage all reporting activities within the company dedicated ETRM system
Ensuring that best practises are applied across the risk team
Prepare and review of daily PNL and risk reports and follow up any issues with relevant teams;
Participate in enhancement and development of in ETRM systems;
Maintain a good knowledge of risk metrics, be able to understand and discuss with the other risk managers VaR, Stress and Greeks so as to be able to assist in commentary and development;
Develop and maintain strong business relationship with different functions, e.g. FO, BO, IT, Planning & Control;
Setting and monitoring adherence to risk limits for the trading desks
Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests.
University degree in economics, finance / engineering / numerate discipline;
Strong IT skills: excellent VBA required, SQL, Python or other languages also beneficial.
Experience of driving change through successful IT projects.
Knowledge of the market risk/ product control role from trading companies or banks.
Knowledge of risk metrics such as VaR, stress testing, scenario analysis;
Knowledge of one or more of ETRM systems would be an advantage (Endur, Symphony by Amphora).
Ability to communicate concisely to senior management in Market Risk and to stakeholders;
Highly organised, good attention to detail and ability to work with tight deadlines;
Analytical mind and good numerical skills;
Proactive and result oriented approach to work;
Strong communication and interpersonal skills;
Ability to mentor junior members and raise profile of the team;