Market Risk Operations Analyst

Market Risk Operations Analyst

12month contract, London

Certain Advantage are recruiting on behalf of our commodities trading client in London for a Market Risk Operations Analyst to join their MR Ops Team who are responsible for ensuring risk processes are operated efficiently and accurately, and that controls in both the risk area and front office are performed correctly.

We see confident individual who are comfortable working independently with limited supervision at times and be able to thrive in a wider global team dispersed across timezones.

Prior experience within a trading, financial or risk management business, and knowledge of financial, commodity and energy markets, derivative instruments, and hedging is essential.

The role will support Products Trading business and the Market Risk Operations group is responsible for maintaining observable valuation inputs e.g. exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.

Responsibilities include

• Understand physical spot price assessments and the construction of forward curves.
• Work with Market Risk analysts and traders to come up with the best forward curves possible, and to implement them in the trading systems alongside the Business Operations team.
• Regularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.
• Manage user testing of systems functionality and enhancements while providing feedback to key stakeholders.
• Must be a systems and data expert ensuring that knowledge around market risk reference data & forward curve construction is well documented for the benefit of the wider Market Risk team.
• Ensure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is 'Right First Time'.
• Support digitalization and automation to smooth the flow of information across the business and to remove manual tasks.
• Map and document processes.
• Be an end-to-end deal expert understanding risk at all parts during the life of a deal interacting with the functional experts to help identify and suggest remediation to those risks.
• Implement best practices in commodity trading risk management.
• Ensure that Risk fulfils its role as an independent "check and balance" function and is viewed as such by other parts of the organization.
• Promote a culture of continuous improvement by having the courage to challenge established processes.

Your Experience

• Working experience within a trading, financial or risk management organization
• Bachelor's Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry.
• Knowledge of financial, commodity and energy markets, derivative instruments, and hedging which could have been gained in a Market Risk, Product Control or Trade Control roles.
• Intermediate to Advanced Excel skills, e.g. pivot tables, lookups, queries, VBA macros.
• SQL and Python an advantage, other coding languages can also be useful.
• Experience with Endur or comparable energy trading risk management system.

Does this sound like your next career move? Apply today!

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