Head of Market & Operational Risk – Energy recruitment
Owing to growth, this exciting opportunity has arisen to head up a Risk team of 5 working for this large UK Power Supplier.
The Head of Market Operational Risk will play a crucial role in designing, developing and delivering best practice risk management controls throughout the business.
Responsibilities will include:
* Formulating processes in the risk department;
* Defining risk methodology techniques;
* Developing prototype models to quantify monitor key risks, including volume risk;
* Interpreting results and recommending action to mitigate or appropriately price that risk and Trade capture;
* Reviewing and improving internal trade controls;
* Accurate capture and representation of data within the trade capture system;
* Independently validating price curves;
* Reviewing data and production reports (including PLs) on a daily/weekly/monthly basis;
* Liaison with counterparties regarding confirmation/portfolio reconciliation;
* Establishing control systems to monitor market operational risk.
QUALIFICATIONS AND EXPERIENCE:
* University graduate preferably in an analytical/mathematically related subject. All degree disciplines will be considered although the role would suit someone who is very comfortable with numerical and analytical work;
* Circa 10 years risk experience in power trading/middle office environment or commodity trading company;
* Advanced Excel; VBA and Access skills
* Good communication and interpersonal skills
* Self-motivated
* Managerial experience to lead and motivate team