Energy Risk Manager

4 weeks ago


Aalborg, Ålborg Kommune, Denmark Centrica Energy Trading Full time

Company Overview

Centrica Energy Trading is a leading energy trading company that specializes in gas, power, and renewables. We are committed to maximizing profit from trading and driving growth in the energy sector.

Job Summary

We are seeking an experienced Market Risk Manager to lead our energy trading desk and oversee market risk management strategies across gas, power, and renewables. The successful candidate will have a strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas.

About the Role

The Market Risk Manager will be responsible for executing market risk management strategies across our trading desks, creating a strong market risk presence, and building strong relationships across Centrica Energy Trading business units.

The ideal candidate will have excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing, and Option Pricing. Experience in managing junior resources, commercial awareness, and proficient booking systems such as Endur, EOS, Power BI, Python, and SQL are essential.

Responsibilities

  • 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.
  • 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 VaR, stress testing, assessment of risk-adjusted return, etc.
  • Support the digitization of Market Risk at Centrica Energy Trading.

Requirements

  • 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.

What We Offer

We offer a competitive salary range of £80,000 - £110,000 per annum, depending on experience, plus benefits, and a chance to work with a leading energy trading company.

Centrica People Promises

We are committed to cultivating wellbeing and flexibility, career development and equal opportunities, attractive benefits and rewards, and making an impact that will truly change tomorrow.

This role is based out of our Aalborg office in Denmark, with occasional international travel to other Centrica Energy offices.


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