Gas Market Risk Analyst

Exciting opportunity for a dynamic Gas Market Risk Analyst with strong Core Market Risk knowledge to join this World Leading Energy Trading company.

The team need someone who is an experienced Gas Market Risk professional, so ideally >5 years in this (some flexibility).

The Market Risk professional will be based in London, working closely with the trading organisation. The Gas Market Risk Team is responsible for understanding the European gas markets, and trading strategies employed by gas business within the group as well as be able to model the various complexities and optionality within the gas portfolio. The purpose of the role is to independently identify, measure, and report on the level of risk from new business proposals, material contracts, and trading market conditions in order to advise the commercial teams on mitigation strategies and risk appetite. The role will provide risk assessments and insights to senior management while collaborating with and providing market specific information and advice to others in the global Finance and Risk Management organization. The Gas Market Risk Team will provide an independent view as to whether the organization is receiving appropriate compensation for the risk they are taking.

The role works closely with risk leads for all parts of the risk management spectrum, as well as Front Office, Finance, Valuation, Compliance, and Back Office.

Job Description:

Responsibilities:

• Develop a close partnership with the gas trading business to support new deals and appraise trading activities to ensure adherence to mandated exposure and risk limits.

• Independently assess and report on market risks arising from trading activities, structured deals, and new business proposals.

• Execute and enhance risk metrics and controls tailored to the gas portfolio.

• Provide input on valuation models, including non-linear products such as options, swing contracts, and storage.

• Work with the Valuation and Quantitative Analytics teams to understand and model embedded physical optionality and how optimization of physical portfolios changes exposures.

• Accelerate digitalization and automation to smooth the flow of information across the business and to remove manual tasks.

• Provide independent advice and guidance on the level of risk/return in the business and whether this is congruent with the agreed level of risk appetite.

• Ensure timely and accurate execution of SOX and key non-SOX controls for the business area and collaborate with other functions to ensure continuous improvement of controls/processes.

• Continue to develop fair economic value (FEV) principles, whilst ensuring consistency with the global Trading and Supply Risk Management policies

Requirements:

Competencies:

• Capable of being independent from front office; able to objectively analyse and report risks and exposures. Regularly engage in discussion with traders and management about exposure taken and resultant P&L

• Strong stakeholder engagement skills, having the self-confidence to challenge traders on deals, valuations, positions, limit mandates.

• Excellent communication skills: the role will require writing reports and policies and presenting analysis and insights to senior stakeholders.

• Experience with complex physical options valuation, including Gas Storage, transport, swing, diversion options.

Requirements:

• Preferred degree in Business, Economics, Mathematics, Science, Engineering or IT; other degrees will be considered with relevant workplace experience in the energy trading industry. Advanced degrees a plus

• Thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques

• In depth knowledge of the gas, biogas and LNG trading, European pipeline/storage infrastructure, gas fields, and an understanding of the fundamental economics and pricing mechanisms of regional gas and LNG markets

• An understanding of the interdependencies with other asset classes, such as power, carbon and oil and a good grasp of wider economic/geopolitical risk factors

• Substantial experience within a trading and risk management organization, including a strong understanding of trading, operations, risk, compliance and mid/back office business processes, policies, procedures and controls.

• Learner mindset; innovative and creative, excellent problem-solving capabilities

• Technologically oriented; ability to use new technologies to enhance existing controls, processes, and offer detailed trading insights.

Company:

An innovative place to work – there has never been a more exciting time to work with this company. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

With a focus within Energy Trading, Oil & Gas, Financial Markets and Commodities, we offer a transparent Recruitment Service that has proven to be reliable and effective for over 40 years. We are ISO accredited and proud of our excellent TrustPilot Reviews. Your search for a New Contract Assignment or for a New Permanent Job will be in safe hands with Eaglecliff Recruitment. Please telephone for an immediate response or email your CV for a quick response. Eaglecliff Ltd is acting in the capacity of an employment agency for permanent recruitment and an employment business for contractor resourcing.