Commodity Risk Manager – European Gas and Power

4 days ago

Aalborg, Ålborg Kommune, Denmark Balyasny Asset Management L.P. Full time 900,000 - 1,200,000 per year

We are looking for an outstanding Commodity Risk Manager based in Denmark to join our Commodities Risk Management team reporting to the Head of Commodity Risk. The position offers the opportunity for an employee to build a world-class global commodity business by providing management with a reliable and inclusive view of overall commodity risk. As a partner to the commodity business, the candidate must engage, challenge, and support the commodity desks.

The commodity business unit is one of the newest and fastest growing profit centers at BAM, rapidly onboarding new markets and staff around the globe to grow financial and physical trading capabilities.

Responsibilities include:

· Challenge desks' profit generation and risk allocation based on a sound understanding of commodities and macro drivers

· Plan, scale, and execute risk capabilities to enable the growth of the commodity business, including the development and configuration of new risk systems and developing Python code and tools for the Risk library

· Brief other risk managers outside commodities proactively on commodity specific risks and apply insights from other risk managers to commodity risk

· Communicate risks to management in a concise, fair, and effective manner

· Demonstrate a hands-on attitude to performing all commodity risk tasks

· Onboard new power and gas markets and products and create appropriate risk frameworks encompassing management of physical assets, balancing services, and intraday risk

Requirements

· Minimum 8 years of commodities risk management, trading, and/or quant experience focused on the physical European gas and power markets.

· Familiarity with physical power and gas asset transactions, swings, storage, interconnector capacity, tolls, etc.

· Experience with European power and gas intraday trading and balancing risk as well as high frequency execution.

· Proficient in Python, SQL, and Excel. Must be familiar with numeric libraries such as pandas and numpy in addition to data visualization packages.

· Strong knowledge of risk and performance metrics including VaR and stress test methodologies

· Quantitative educational background, such as physical sciences, math, engineering, statistics, economics, or finance

Nice to have

· Experience in additional commodities markets, such as: LNG, freight, oil and products

· Financial or risk certifications such as CFA, FRM, ERP, PRM, etc.

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