Job Description
Market Risk Operations Analyst\n\n12month contract, London\n\nCertain 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.\n\nWe 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.\n\nPrior experience within a trading, financial or risk management business, and knowledge of financial, commodity and energy markets, derivative instruments, and hedging is essential.\n\nThe 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.\n\nResponsibilities include\n\nUnderstand physical spot price assessments and the construction of forward curves.\nWork 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.\nRegularly review assumptions and estimates in our valuation curves to ensure that they are suitable and up to date.\nManage user testing of systems functionality and enhancements while providing feedback to key stakeholders.\nMust 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.\nEnsure process excellence, identifying bottlenecks in Risk processes. Implementing error-checking as a natural part of all processes so output is 'Right First Time'.\nSupport digitalization and automation to smooth the flow of information across the business and to remove manual tasks.\nMap and document processes.\nBe 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.\nImplement best practices in commodity trading risk management.\nEnsure that Risk fulfils its role as an independent "check and balance" function and is viewed as such by other parts of the organization.\nPromote a culture of continuous improvement by having the courage to challenge established processes.
\n\nYour Experience \n\nWorking experience within a trading, financial or risk management organization\nBachelor's Degree in Business, Economics, Mathematics, Science, Engineering or IT, or workplace experience in the energy trading industry.\nKnowledge 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.\nIntermediate to Advanced Excel skills, e.g. pivot tables, lookups, queries, VBA macros.\nSQL and Python an advantage, other coding languages can also be useful.\nExperience with Endur or comparable energy trading risk management system. \n\nDoes this sound like your next career move?
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