Job Title:
Senior Market Risk Analyst - Power & Gas
Contract Type:
Permanent
Time Type:
Full time
Job Description:
Position: Senior Risk Analyst — Gas & Power
Position Purpose & Summary:
The Senior Risk Analyst — Gas & Power owns day‑to‑day market risk monitoring for our gas and power portfolios across the Americas, providing timely analysis, and risk reporting. This is a senior individual contributor role with clear career path to a manager role as the team grows. The role partners closely with trading desks, middle office, compliance, finance, and ops to ensure disciplined risk-taking, robust controls, and actionable insights.
Main Responsibilities:
- Market Risk Monitoring & Limits
- Monitor intraday and end‑of‑day market exposures (VaR, P&L-attribution, Greeks where applicable) for gas and power portfolios.
- Enforce and report against trading limits, dealer limits, VaR and stress-test thresholds; escalate breaches and remedial actions.
- Stress Testing & Scenario Analysis
- Design and run scenario analyses and stress tests (historical and hypothetical) to assess portfolio resilience under market shocks.
- Provide forward-looking risk outlooks and identify concentration or liquidity risks.
- Assess exposure to tail risks, volatility spikes, and dislocations in gas and power markets.
- Trade Capture & Valuation Oversight
- Review model inputs (curves, vol surfaces, hubs, heat rates) and raise model or input exceptions.
- Maintain and enhance valuation and risk models, testing methodologies and validating assumptions against market fundamentals.
- Reporting & Controls
- Monitor and enforce trading mandates, VaR limits, position limits, and stress thresholds.
- Maintain strong control frameworks, audit trails, and policy compliance in line with internal and regulatory requirements.
- Partner with Compliance, Legal, Credit, and Finance to ensure robust governance and adherence to risk policies.
- Implement and improve risk processes and automated controls to reduce operational risk.
- Stakeholder Partnership & Advisory
- Act as a trusted risk partner to traders and desk heads—provide real-time decision support, trade-level risk assessments and pre‑trade checks.
- Train and mentor junior risk analysts; contribute to hiring and process scaling.
Competencies / Key Skills
- Strong quantitative and analytical capability with market intuition for gas & power markets.
- Understanding of extrinsic risk/options.
- Advanced Excel, VBA and experience with risk systems (e.g., Endur, Allegro, Murex, Calypso, or proprietary systems) and BI tools (Power BI/Tableau) preferred.
- Solid understanding of VaR, stress testing, P&L attribution, Greeks/option risk, and forward curves/shape dynamics.
- Excellent stakeholder management and communication skills—able to translate analysis into clear recommendations.
- High attention to detail, process orientation, and appreciation for controls and auditability.
- Ability to work under pressure, prioritize multiple requests, and provide timely outputs for trading hours.
Education
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or related quantitative field. Advanced degree (MS/MA) or professional risk certification (FRM, PRM) is a plus.
Experience
- 5–8+ years’ experience in market risk, commodity risk, or trading support in gas/power or broader commodities markets.
- Direct experience with physical and financial gas/power products, time spreads, fixed-price contracts, storage, and LNG preferred.
- Proven track record producing risk reporting, P&L attribution and supporting front-office decision making.
Technical Skills
- Proficient in Excel (advanced modelling), SQL or Python for data pulls/analysis.
- Familiarity with trading/risk platforms (Endur/Allegro, ETRM systems) and market data feeds.
- Experience with Workday or HR systems not required but helpful for internal coordination.
If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
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