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Senior Market Risk Analyst

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets.

(more about EDF Trading)
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Senior Market Risk Analyst

Senior Market Risk Analyst
Location: London
Department: Market Risk

Description

Job title: Senior Market Risk Analyst

Reports to: Market Risk Manager

Location: London

Company information

EDF Trading is a leader in the international wholesale energy markets.  The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world.  These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets.  It is also active in the LNG and coal and freight markets via JERA Global Markets* (“JERAGM*”).  EDF Trading is one of the largest wholesale market traders in Europe for power and gas. In North America, EDF is one of the leading marketers of gas and power, one of the main providers of generation services for power generation companies and a leading energy retailer for large commercial and industrial customers. 

*JERAGM is a joint venture between JERA Co., Inc. (66.67% through JERA Trading International Pte. Ltd. equity) and EDF Trading (33.33% equity).  JERAGM operates one of the largest seaborne energy portfolios in the world.

EDF Trading is a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production.

EDF Trading has around 800 employees with key offices in London, Paris, Singapore and Houston.

For more information, please visit www.edftrading.com

Department

The Market Risk team provides an independent view of EDF Trading’s market risk exposure for all physical and financial energy trading activity. The team is responsible for the design of risk methodologies, implementation of a suitable risk control framework and providing quantitative and qualitative market risk analysis and control solutions.

Main responsibilities

Key Responsibilities of this role include;

  • As a Senior member of the risk control team ensure preparation of daily, weekly and monthly market risk reports including VaR, options, stress testing, etc.
  • Analyse and quantify the risk of the company’s portfolio across commodities and products
  • Prepare analysis as directed by manager for consideration by the Global Risk Committee and/or New Business Committee
  • Contribute to the design and implemention of a holistic risk control framework with focus on market risk. 
  • Support a risk conscious culture and promote best practice controls within the organisation through interaction with commercial and control teams across geographies.
  • Provide support within the Market Risk team for the validation and optimisation of risk models, including system testing and development.
  • Provide leadership on global position limits adherence, ensuring appropriate monitoring, aggregation and compliance across group businesses. Provide effective liaison with regulatory bodies as needed.
  • Liaise with commercial (Trading and Origination), EDFTcontrol functions (Product Control, Internal Control, Regulation,etc) as well as EDF departments/companies.
  • Uphold and contribute to EDFT Risk Culture

Experience required
  • A background in risk management within an investment bank or energy trading company with knowledge of power and gas markets.
  • Graduate qualification in any or combination of the following subjects: Maths, Physics, Chemistry, Engineering, Economics, Computing and Business or equivalent experience
  • Knowledge of Value-at-Risk, scenario analysis, back testing and other market risk techniques
  • Knowledge of market risk associated with trading option portfolios (vanilla and exotic options).
  • Exposure to both physical and financial energy markets
  • Good knowledge of position limit regimes in North America and Europe

Technical requirements
  • Proficient with Microsoft Office products including Excel, VBA and Python
  • Knowledge of SQL, Matlab and Alteryx useful

Person specification
  • Excellent analytical skills and a focus on accuracy and precision
  • Strong written and verbal communication with ability to present quantitative analysis to all audiences
  • Ability to leverage relationships to influence without authority and add value to risk information
  • Proactive with the ability to thrive in a team environment under often disparate and conflicting pressures
  • Able to work independently with limited direction as well as within and across teams

Hours of work:

8.30am – 5.30pm / 40 hours per week, Monday to Friday

 

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