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Risk Analyst - Power Trading

ZipRecruiter

London

On-site

GBP 50,000 - 90,000

Full time

30+ days ago

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An established industry player is seeking a skilled professional to join their London Middle Office team. This role focuses on supporting the power trading desk while ensuring accurate position reporting and risk management across various commodities. You will be responsible for producing daily PnL and risk reports, enhancing reporting platforms, and collaborating closely with traders. The ideal candidate will bring a strong background in risk management within an energy trading environment, along with proficiency in ETRM systems and advanced analytical tools. If you are passionate about risk processes and thrive in a dynamic trading atmosphere, this opportunity is perfect for you.

Experience in Middle Office or Risk Management in Energy/Commodities trading.
Proficient in ETRM systems and advanced Excel, SQL, and Python.

Produce daily PnL and Risk reports for trading desks.
Support power trading desk and communicate changes to risk profiles.
Develop enhanced reporting platform and implement new controls.

Teamwork

Middle Office/Product Control/Risk Management experience

ETRM systems and tools (Openlink/Endur/ICTS)

Process improvement mindset

Fluent English

Advanced Excel skills

VBA

SQL

Python

Data visualization (Tableau/Dash)

Openlink

Endur

ICTS

Tableau

Dash

Job Description

Our client is a global energy & commodity trading group and one of the most exciting and commercially driven Commodity Trading houses in the industry!

Whilst you will work as part of the London Middle Office team, responsible for UK and European LNG, Power, Gas, Ags and Oil (Financial) traded products, correct position reporting, pricing and adherence with trading limits and more; you will focus on supporting the power trading desk.

PRINCIPAL DUTIES/RESPONSIBILITIES:

Production of daily PnL and Risk reports for the trading desks (predominantly for focusing on Power but providing coverage for a range of desks across the commodity spectrum), be able to produce a breakdown and explain key drivers.
Production of weekly management reporting on all portfolios with concise communication on changes to the risk profiles within the books
Development of non-linear risk reporting for option portfolios.
IPV on prices, and volatility.
Improvements to enhanced reporting platform and risk decomposition.
Key point of contact for communicating changes to risk profile to management with clear narrative as to subsequent changes to risk profile and commercial understanding as to reasons for positions.
Support with complex trade booking
Good understanding of financial derivatives including options and option sensitivities
Frequent and daily interaction with traders to understand core positions and trading rationale.
Implement new controls: liaise with the Tech team to improve and enhance processes.
Development of enhanced reporting platform.

SKILLS:

Ability to work as part of a team.
Previous work-based Middle Office/Product Control/Risk Management experience in a similar role in an Energy/Commodities trading environment.
Technically competent with ETRM systems and tools; specifically, Openlink/Endur/ICTS.
Self-starter, organized and autonomous.
Process improvement mindset.
Fluent English, speaking and writing.
Advanced Excel skills, VBA SQL, Python . Data visualization experience, Tableau/Dash
Passionate about risk and processes, capable of working with the business lines to embed risk awareness and culture into everyday processes.

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