Risk Analyst (Middle Office)

The Company

BB Energy has a legacy spanning more than six decades. Today, the Group provides expertise across energy trading, operations, logistics, storage and retail. Our diversified portfolio cuts across many segments of the energy industry from trading crude oil and petroleum products to natural gas and renewables. With global operations anchored out of five hub offices in London, Dubai, Singapore, Houston and Athens, BB Energy has a global network of nearly 500 employees in a dozen offices across five continents. Growth and diversification remain cornerstones of BB Energy's business strategy as it supports an energy ecosystem capable of delivering affordable, secure, and increasingly clean energy to the societies that need it most.

Why Join Us? 

• We are a fast growing business in one of the most dynamic markets.


• Our team includes some of the leading experts in this field.


• We have a strong entrepreneurial spirit


• We are a well established business with a strong heritage and track record of success globally.


• We have a flat management structure and open management style - all voices heard and all voices count.


• Competitive salary and benefits package offered.

For our office in London we are seeking a Risk Analyst (Middle Office) to support BB Energy Trading’s Regional Risk Manager in the daily risk oversight of all physical and paper trading books across oil, oil products and freight.

Key Responsibilities

• Ownership and reporting of daily Position and PnL for BBE Trading’s physical and paper trading desks and liaising with traders on a regular basis to ensure the Positions and market exposures are accurately captured.


• Quantify and explain daily changes in exposure, PNL and VAR.


• Identify and resolve breaks and anomalies as necessary to ensure timeliness is maintained on reporting schedules including for Quarter and Year end.


• Validate deal entry and market data within BB’ ETRM systems to ensure accuracy and completeness.


• Work closely with trade finance, operations and other teams to ensure the relevant information is captured for risk reporting.


• Collaborate with other team members on ad hoc projects, process improvements.


• Monitor local level compliance with internal risk policies and procedures.

Required Experience & Background

• Minimum of 3 – 4 years of experience working in physical oil/Energy commodity markets.


• Understanding of trading, operations, risk and mid/back office business processes, policies and controls.


• Working knowledge financial derivatives (swaps, futures and options), VAR and MTM exposure.


• Strong analytical skills – ability to understand impact of market changes on PnL as well as an economic event in the lifecycle of a deal.


• Experience with energy trading and risk management systems (ETRM), preferably Symphony.


• Strong MS office (Excel) skills are essential, programming skills (SQL, Python) are a plus.


• Bachelor’s degree in Finance, Economics or Business with CFA, MBA, CA, or other related education will be an asset.

Personal Attributes

• Analytically minded


• Quick to pick up new processes and complex concepts.


• Strong interpersonal skills and ability to build relationships between departments.