Market Risk Manager - Energy wholesale Risk Manager - Utilities

IF Recruitment Ltd
West Midlands
Market rates
18 Oct 2016
25 Oct 2016
Contract Type
Full Time

Market Risk Manager - Energy wholesale Risk Manager - Utilities

Our client, a large global utility/energy company, is looking to recruit the services of an experienced Senior Risk Marketing Manager to work in Coventry.

The post holder will be required to:

  • Monitor and implement appropriate risk mitigations
  • To proactively implement and develop harmonised risk management frameworks across the group and all Energy Economics functions implemented within the UK.
  • To provide a full suite of appropriate risk reporting to Central Market Risk, other senior stakeholders and Front Office teams.
  • To ensure Energy Economics mandates and relevant risk limits are adhered to at all times with effective interventions or escalation carried out where necessary.
  • To ensure relevant risk methods, models, DoAs, and user access rights are independently approved and monitored for wholesale traders.
  • To implement and maintain a robust system for Market Conformity Checks and ensure effective operation of the process including necessary escalation and disciplinary procedures if required.
  • Play a leading role in Energy Economics strategic and commercial development by providing risk based support and expert advice to decisions.
  • To support and influence the decision making within specialist areas of expertise, and ensure risk considerations are represented in business decisions.
  • To support the operation of a local Risk Committee (UK CFO and Business Directors) ensuring Board level decisions are effectively made and materials for the meeting are of an appropriate quality and standard.
  • To provide challenge to business proposals taken before the Commodity Risk Committee and ensure a consistent or appropriate business risk appetite.
  • To develop a detailed understanding of all businesses (upstream and downstream) within the company in order to provide effective Risk Management support.

Essential Requirements:

  • Experience in the UK energy wholesale market
  • A high level of numeracy and computer literacy, including knowledge and understanding of
  • Value at Risk, Earnings at Risk, Risk Measures, Stochastic Price Modelling, Volatility, Correlations, SAS, VBA.
  • Demonstrable experience of quantitative modelling techniques is required with the ability to
  • create complex financial models and spreadsheets and to understand and interpret financial reports and accounts.
  • Experience of managing others
  • Ability to influence and persuade others to change their behaviour
  • An inquisitive, questioning mind, with the ability to deliver strategic conclusions from a
  • complex web of data

Desirable Skills

  • Energy Risk Management experience
  • Project Management experience
  • Candidates must have
  • Experience in the UK energy wholesale market
  • Experience of quantitative modelling techniques (creation of complex financial models and
  • spreadsheets)
  • High level of numeracy and computer literacy. eg Value at Risk, Earnings at Risk, Risk
  • Measures, Price Modelling
  • Experience of managing others
  • A can-do, flexible approach to working in partnership with the market facing teams to optimise the management of risk

Candidates nice to have

  • Energy Risk Management experience

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