MAIN JOB FUNCTION
The team provides real-time front-line control and management information for management, and traders. This includes daily PNL & risk reporting, ad hoc risk analysis. The role also involves participating projects in improving the ETRM system. Because of the unique position of the team in the middle of ETS's commercial activities, the team will also support broader commercial activities.
KEY RESPONSIBILITY AREAS
The main duties and responsibilities of the job holder are:
Prepare and review of daily PNL and risk reports and follow up any issues with relevant teams;
Ensure that all risk limits are adhered to and assist in implementing new limits when necessary;
Assist in identifying the significant risk within the business, ensuring that they are transparent to senior management
Maintain a good knowledge of the current Power, LNG and Emissions markets.
Support front office in new products and non-standard products approval;
Participate in enhancement and development of in ETRM systems;
Assist in defining forward curve methodologies for accurate mark to market and fair value reporting;
Contribute to the month and quarter-end activities with Back Office/Accounting for the three portfolios
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 desk
Guarantee compliance for trading procedures with relevant controls and support when necessary internal and external audit requests;
This position reports to the Power, LNG & Emissions Middle Office Manager and has the following main interfaces:
INTERNAL: Front and Back Office, IT, other Middle Office units; Operations, Planning & Control, Finance;
EXTERNAL: Brokers; relevant industry contacts
University degree in economics, finance and / or engineering discipline;
Relevant experience in a market risk/ product control role from trading companies or banks;
Strong knowledge of derivatives trading;
Strong knowledge of Power, Emissions and LNG markets and what drives them
Advanced 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).
Strong and solid knowledge of MS Office suite including excellent Excel and VBA skills, Matlab & SQL knowledge a plus;
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 build and nurture effective relationships internally and externally;
Ability to mentor junior members and raise profile of the team;
Full command of English language (spoken and written).