Market Risk Analyst

Market Risk Analyst

Department: Risk

Employment Type: Full Time

Location: London

Reporting To: Dobir Hussain

Description

This role focuses on the preparation and production of daily P&L reporting of the group’s hedging activity to enable the business to understand and manage commercial performance. This includes daily volume exposure reporting, P&L reporting, analysis, limit monitoring, and monthly Management Information to Management Accounts reconciliations.

MAIN RESPONSIBILITIES

• Preparation and production of daily P&L reporting for all hedging activities, including daily volumetric exposure, P&L analysis, limit monitoring, and MI to MA reconciliations.
• Daily broker reconciliation and validation of trading system data accuracy.
• Close liaison with hedging desk traders and physical controllers to ensure timely and accurate data flow.
• Support and implementation of process and system improvements to streamline reporting activities.
• Proactive provision of commercial analysis, including pricing, basis risk, and P&L attribution.
• Price curve production for P&L and mark-to-market valuations.
• Management of OTC client derivative trades, including credit reporting, margining, confirmations, settlements, and invoicing.
• Ensuring integrity of data through strong controls and maintenance of robust audit trails.
• Support month-end close activities and infrastructure required for business growth.
• Ad hoc financial analysis and reporting as required.

KNOWLEDGE, SKILLS AND EXPERIENCE

• Relevant experience within oil or energy trading environments.
• Strong understanding of derivatives, associated risks, and P&L attribution.
• Working knowledge of market risk concepts, controls, and reporting across derivative portfolios.
• Carbon market expertise, including knowledge of carbon trading businesses and an understanding of the end-to-end physical delivery process for carbon credits and environmental certificates.
• Knowledge of freight derivatives trading processes, including awareness of associated market risk dynamics and valuation considerations.
• Business-level English.
• Excellent communication and stakeholder management skills across Front Office, Risk, and Finance.
• Demonstrated ability to improve existing processes and control frameworks.
• Ability to work under pressure and meet tight deadlines.
• Strong analytical mindset with attention to detail and an ability to identify anomalies.
• High level of computer literacy, particularly in Excel (VBA desirable).
• Knowledge of additional languages is desirable.
• Accounting qualification (ACA, CIMA) preferred.

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