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Commodities Risk Analyst

Job Seekers United Kingdom Risk Management

Job Summary

  • London
  • Permanent
  • BBBH795194
  • Oct 05, 2021
  • Competitive
Job Description

Commodities Trading house seeks a Risk Analyst as part of its expanding Risk function supporting the team in assessing and reviewing risk exposures, reporting and monitoring exposures versus limits

Role objectives
The core components of the role are supporting the team in assessing and reviewing risk
exposures, reporting and monitoring exposures versus limits and helping the commercial teams avoid
breaching exposure limits on a current and forward basis. The role will be principally focused on credit
exposures but will become more integrated with market risk reporting over time. The successful
candidate will play a key role in ensuring close co-operation and understanding between the Credit Risk
and Market Risk teams.

The current Credit Risk and Market Risk teams consist of a Credit Risk Manager, a Market Risk Manager,
and a team of analysts. The Credit and Market Risk teams are active with all desks (gas, power, LNG,
carbon) and cover a wide range of activities (flow trading, structured trading, generation, long-term
procurement and supply, etc.) and sizes.

 Credit Exposure Analysis - analysing trade exposure with components such as MtM, settlement
and PFE (potential future exposure) using existing in-house tools as well as innovative methods.
Ability to analyse appropriate markets for price stress scenarios. Producing daily report sent to
Traders, Risk teams and stakeholders.
 Credit IT system maintainence and upgrades - responsible for reporting and analysing
errors/abnormalities found in the credit reporting process and systems. Liaising with IT, product
control and other departments necessary to find urgent fixes/plan for long term fixes
 Assist the credit team in understanding/verifying credit exposure analysis for various traded
products and explain results both internally and externally to other departments
 Reviewing new trade approvals to assess the impact of future transactions on current credit
 Running the PFE tool and bespoke stress-tests to monitor the sensitivity of the credit portfolio to
future MtM-based credit limit breaches
 Support in production of daily, weekly, and monthly credit reporting to the credit team, the
wider risk team, and senior management and stakeholders.

Skills & Competencies
 Strong quantitative skills and comfortable with numbers
 Understanding of PFE / MtM / Settlement Risk would be advantageous but similar knowledge in
market risk or product control would also suffice
 Being able to identify trends and key topics and communicate recommendations to management
in a clear, precise and concise manner.
 Ability to produce results within very tight deadlines.
 Creativity in solution finding
 Critical thinking and using common sense to check complex model results
 Experience of derivatives markets is a plus
 Some knowledge of energy markets and types of physical and financial energy products and
their risks is a plus.
 Experience with "RiskCube" OpenLink software (or similar product) is a plus
 Fluent in English.
 Excellent Excel skills (including reasonable VBA skills).
 Strong analytical skills with the ability to communicate effectively at all levels.
 Written presentation skills, with strong attention to detail and coherence.
 Strong desire and ability to learn new skills.
 Pro-active in achieving results.
 Able to cope with rapid business development and pressurised environment.
 Able to work as part of a team as well as autonomously when required.
 Strong execution skills.
 Diligent and reliable.
 Demonstrable experience in market risk / market analytics / product control in a bank or a
commodity trading house or rating agency.
 Experience of and familiarity with the energy/commodity trading markets (particularly natural
gas, power, carbon allowances and LNG) is an advantage.
 Educated to degree level, or equivalent experience

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.



Consultant Details

Consultant Details

Alex Riedl
Alex Riedl
  • Principal Consultant | Risk Management Recruitment
  • +44 (0)20 7092 0103