Market Risk Manager

1 week ago


Aalborg, Denmark Centrica Energy Full time

We are Centrica We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future .

Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

We’re a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you’ll be joining our international office with over 300 dedicated energy specialists.

Market Risk Manager will play a key role in controlling and reporting risk and continuously developing the function as Centrica Energy grows and transitions to a multi-location trading model. The role will play an important part in the improvement and development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units. The role reports into the Head of Market Risk.

This is an exciting opportunity for a talented and experienced Market Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power and renewables.

The role is based out of our Aalborg office in Denmark. There is also a requirement for occasional international travel to other Centrica Energy offices.

What you’ll be doing:

  • Lead the market risk oversight of one of the energy trading desks, being responsible for executing market risk management strategies across gas, power and renewables, creating a strong market risk presence and building strong relationships across Centrica Energy trading business.
  • Manage one or two junior resources, promoting risk discussion on the trading floor, and building best practice within the team.
  • Maintain and share a strong knowledge of trading portfolios, and keep abreast of developments in the energy markets and the potential impact on risk and portfolios.
  • Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods.
  • Work with relevant business teams to formulate new business and product frameworks, and integrate changes into the current policies, processes and systems.
  • Deliver improvements to market risk processes, models and methodologies, including in the space of VaR, stress testing, assessment of risk adjusted return, etc.
  • Support the digitisation of Market Risk at Centrica Energy.
We have a few must-haves:

  • Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas.
  • Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing and Option Pricing.
  • Experience in managing junior resources.
  • Strong commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office.
  • Ideally proficient in booking systems such as Endur, EOS.
  • Practical experience in Power BI, Python and SQL.
  • Excellent attention to detail and problem-solving skills.
  • Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment.
  • Proactive with a drive for continuous improvement.
  • Strong communication skills at all levels.
Ready to Make Your Move and apply?

If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

We're a People Place:

  • People Promise #1 We’re a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility.
  • People Promise #2 You’ll ignite your potential - we are committed to career development and equal opportunities.
  • People Promise #3 You’ll get your share of our success - we offer attractive Benefits and Rewards.
  • People Promise #4 You’ll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

PLEASE APPLY ONLINE by hitting the 'Apply ' button.

Applications will ONLY be accepted via the ‘Apply’ button.

This role is being handled by the Centrica recruitment team and NO agency contact is required.#J-18808-Ljbffr
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