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Trading Risk Manager - Gas & Power

Employer
Selby Jennings
Location
London, United Kingdom
Salary
Negotiable
Closing date
Dec 25, 2023

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Job Function
Hedge Funds
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Responsibilities:
  • Actively managing the firm's risk exposures through regular meetings, analysis and insights.
  • Improve risk analytics for the whole function through scenario analysis and stress-testing models.
  • Focus on the risk and activities of all Gas and Power Trading PMs as well as overall such risk across the Global Macro
  • Conduct back testing of risk metrics - including VaR and sensitivity/scenario analysis
  • Provide input into the definition of risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals for business.
  • Perform complex quantitative and qualitative analysis for PMs.
  • Developing and advancing stress testing and VaR frameworks.
  • Developing and maintaining a framework for capital allocation to maximize risk-adjusted returns and profitability at the various business levels and at the firm level.
  • Ability to use trading concepts and knowledge of Gas, Power markets to identify the main drivers of change in prices, price relationships and their associated Risks.
  • Tasked with obtaining approval to trade new structured products by collaborating with the internal departments, producing reports outlining the characteristics and underlining the potential risks.
  • Produce standard middle office reports on structured products, including P&L and explanation, limit reports and VaR.
  • To aid in the development and implementation of the automated and infrastructure projects for the use risk managing and strategy formulation.
  • Lead research efforts to develop innovative risk management approaches, tools and analytics by leveraging the collective knowledge of the platform to improve returns.

Qualifications:
  • A degree in Quantitative Finance, Mathematics, Physics, or other science disciplines.
  • 5+ years' experience as a Risk Manager or a Portfolio related to US and European Gas & Power Markets
  • Analytical rigor in terms of pricing models, risk sensitivities and the best practice for risk aggregation in a portfolio context
  • Strong knowledge of Physical and Financial assets for Gas & Power
  • Strong technical ability using Python for coding, modelling and implementation purposes.
  • Ability to understand and apply risk management concepts, including stress-testing, value-at-risk, liquidity adjusted VaR and scenario analysis.
  • Previous experience working in a Trading house, Hedge Fund or Investment Bank on a commodities desk.
  • Strong understanding of options, mathematics and how they are priced

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