Risk Analyst

Salary range

£36,867 - £40,965

Job description

Job Title: Risk Analyst

Band: 3
Salary: £36,867 - £40,965

Location: Liverpool, Newport, Norwich or Birmingham

(Regular travel to Liverpool may be required (2-3 times per month)

Term: Permanent

Hours: Full time

Closing Date: 15/12/24

Do you have strong data and analytical skills? Do you enjoy solving problems? Join Trading and Risk and use your talents to help the public sector save millions.

Job Summary

You will lead the delivery of reporting, analysis and insights for the Trading and Risk teams. You will develop models to determine the most effective ways to protect CCS customers against energy market price risk. You will use your expertise to help customers understand the complexities of the energy markets.

Directorate Overview

Commercial is the largest directorate in CCS and is responsible for the design, development, implementation and management of our commercial agreements, which are used by our customers across the public sector. We have delivered value to the public sector and helped our customers spend more than £34 billion through the agreements we create and enjoy more than £3.5 billion in commercial benefits annually through our agreements.

Category management sits at the heart of CCS. We use our in-depth knowledge and expertise of public sector suppliers, to create market and category strategies. These strategies are used within CCS to create market leading commercial agreements that help shape how common goods and services are bought across the public sector. Our skills are also used in carrying out commercial policy, development of new products and services and supplier relationship management.

Team Summary

The Trading and Risk teams purchase gas and power from the wholesale energy markets. The Risk team sets the framework within which the Trading team operates, providing oversight, support and analysis to ensure customers are adequately protected from market risks. The Risk Analyst will report to the Risk Manager.

Key responsibilities:

• Develop a detailed understanding of UK gas and electricity markets, becoming a source of knowledge and expertise for all matters related to these markets and the risk management of energy trading
• Deliver market reporting and analysis to support the trading team in their decision-making process
• Ensure all risk management tools and systems are functioning correctly and contain a complete, up-to-date view of relevant data
• Provide analysis of CCS and external data, drawing on strong numerical skills to draw conclusions and make recommendations
• Lead on the development of models and perform analysis to support evidence-based decision making
• Maintain CCS energy risk management policy, ensuring all approved controls are clear and up-to-date
• Monitor compliance of trading activity to the risk management policy
• Present to a range of audiences including customers
• Lead on bespoke analysis to support the wider energy team as required
• Work across the wider energy team on projects, new procurement's and activities as needed

Essential criteria (to be assessed at application stage):

• High level of numeracy, comfortable working with numerical data to draw conclusions and make recommendations
• Problem solver: enquiring mind, able to think logically, asks insightful questions, strong attention to detail and accuracy
• Clear and engaging communicator: comfortable presenting to a wide range of audiences in a clear and easy to understand way. High standard of written and spoken English
• Excellent time management: able to prioritise multiple tasks and deliver high quality work even in the face of tight deadlines
• IT capability: strong Excel skills, high standard of general IT literacy. Willingness to develop skills such as Python, VBA and SQL

Success profiles (To be assessed at interview stage):

You will be assessed against the following behaviours:

• Making Effective Decisions
• Communicating and Influencing
• Delivering at Pace
• Changing and Improving
• Managing a Quality Service

And the following technical skills:

• Numerical analysis using MS Excel or similar software

What we will offer you, here are some of the benefits you can expect:

• Competitive salary
• Generous pension scheme
• A discretionary non-contractual performance related bonus
• Working remotely in addition to working in advertised office location
• Flexi time scheme (available for B1-B6)
• Minimum 25 days annual leave to a maximum service related 30 days excluding bank holidays

Explore fully how we will reward your work.

Want to make a difference? Find out more about the rewarding work that we do in our candidate pack.

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil ServiceD&I Strategy.

We want to make our recruitment process accessible to everyone, so if there is any way that we can support you, please contact recruitment@crowncommercial.gov.uk

Working flexibly, delivering outcomes

CCS is a flexible business with a smarter working model where our colleagues benefit from a mix of home and office working. Successful candidates are expected to work from one of the office locations listed. Our current office attendance approach requires a minimum of 26 days per quarter (approx 2 days per week, which may be subject to change) in CCS office locations or off site meetings with suppliers, customers, partners, networking / industry events. This is pro rata for those who work part time. Our smarter working principles mean that our people have the advantage of both office and offsite based collaboration and learning, as well as working from home. This way of working allows us to honour our commitment to being a responsible business, offer flexibility and better work life balance as well as ensuring we deliver our business with confidence and in accordance with our CCS values.

Selection Process

Candidates who are successful at sift will be contacted as soon as possible following the closing date and advised of the interview process in more detail. Interviews will be held either at one of our offices or via video with interview times and dates to be confirmed. (Subject to change)

To find out more about our recruitment process please click here

Please note: Applicants can make use of artificial intelligence but the information presented at application must be factual.

A reserve list may be held for up to 6 months, which the Civil Service may use to fill future suitably similar vacancies across government for candidates who are considered appointable following interview. Should you be placed on a reserve list and want to be removed please contact recruitment@crowncommercial.gov.uk.

Complaints procedure

Our recruitment processes are underpinned by the principle of selection for appointment on merit on the basis of fair and open competition as outlined in the Civil Service Commissioners' Recruitment Principles details of which can be found at http://civilservicecommission.independent.gov.uk

If you feel your application has not been treated in accordance with the Recruitment Principles, and you wish to make a complaint, you should contact recruitment@crowncommercial.gov.uk in the first instance.

If you remain unsatisfied with the response you receive you can then contact the Civil Service Commission at info@csc.gov.uk

Working for the Civil Service:

The Civil Service Code sets out the standards of behaviour expected of civil servants.

Recruitment Principles:

Our recruitment processes are underpinned by the principle of selection for appointment on merit on the basis of fair and open competition as outlined in the Civil Service Commissioners' Recruitment Principles details of which can be found at https://civilservicecommission.independent.gov.uk/recruitment/recruitment-principles/

If you feel your application has not been treated in accordance with the Recruitment Principles, and you wish to make a complaint, you should contact recruitment@crowncommercial.gov.uk in the first instance.

If you remain unsatisfied with the response you receive you can then contact the Civil Service Commission at info@csc.gov.uk

Success Profiles:

Success profiles are the new recruitment framework used within the Civil Service.

Internal candidates should apply using their Workday account. Select the Career icon and then Find Jobs.