Market Risk Manager

1 week ago


Aalborg, Ålborg Kommune, Denmark Centrica plc Full time
About the Role

We are seeking a highly skilled Market Risk Manager to join our team at Centrica Energy. As a key member of our risk management function, you will play a critical role in controlling and reporting risk, and developing the function as our business grows and evolves.

Key Responsibilities
  1. Lead the market risk oversight of one of our energy trading desks, executing market risk management strategies across gas, power, and renewables.
  2. Manage one or two junior resources, promoting risk discussion on the trading floor and building best practice within the team.
  3. Maintain and share a strong knowledge of trading portfolios, keeping abreast of developments in the energy markets and their potential impact on risk and portfolios.
  4. Quantitatively analyse new deals and identify embedded risks using simulation-based modelling and other methods.
  5. Work with relevant business teams to formulate new business and product frameworks, integrating changes into current policies, processes, and systems.
  6. Deliver improvements to market risk processes, models, and methodologies, including Value at Risk, stress testing, and risk-adjusted return assessment.
  7. Support the digitisation of Market Risk at Centrica Energy.
Requirements
  1. Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas.
  2. Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing, and Option Pricing.
  3. Experience in managing junior resources.
  4. Strong commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office.
  5. Ideal proficiency in booking systems such as Endur, EOS.
  6. Practical experience in Power BI, Python, and SQL.
  7. Excellent attention to detail and problem-solving skills.
  8. Confident, resilient, with a presence and determination to succeed in a dynamic and demanding business environment.
  9. Proactive with a drive for continuous improvement.
  10. Strong communication skills at all levels.
About Us

Centrica Energy is the trading arm of Centrica, trading power, gas, LNG, and energy attributes, and connecting producers, suppliers, and off-takers in the wholesale energy markets. We are a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world.

We are a people place, devoted to doing great work together and cultivating wellbeing and flexibility. We offer attractive benefits and rewards, and are committed to career development and equal opportunities. We are passionate about discovering our potential and changing how we create a more sustainable future.

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.


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