Market and Operational Risk Manager for Market-Leading Energy Company based in London £75,000
My client is a market leading Energy company that are looking to expand their Risk function by hiring a Market and Operational Risk Manager to establish robust risk measurement models and methodology for Price Risk Assumption of Energy Products. The position is also responsible for identifying the operational risk which the Company is taking through the business issues log process or other measures so as to monitor the plan and progress to mitigate such identified operational risk.
Reporting directly into the Head of Risk, the main duties of the role are to:
- Establish, review and update the risk measurement model and methodology for all the risk components
- Ensure the accurate and timely risk reporting of daily PL, volumetric position, price risk exposure, and VaR for all the identified risk components
- Take immediate remedial actions and measures in accordance with the Company’s policies and guidelines in the event that any breach of risk limit shall occur
- Fully inform Risk Development Manager of new risk measurement model and methodology in respect of new products and components
- Monitor, review and establish the mitigation plan for operational risks through the business issues log process by using the database to be developed by Risk Development Manager
- Train and guide the staff as the risk professionals and ensure to establish the solid team acting as the control function
- Development of risk measurement models and methodologies and forward curve methodologies
- Daily position valuation and control
The ideal candidate will have:
- B.Sc or B.A. or equivalent level academic qualification in either a numerate or economic discipline (Mandatory)
- Extensive experience within the Risk Management Control Function (Mandatory) within Investment Business (preferred);
- Strong technical skills for quantitative risk analysis (Essential).
- Excellent knowledge of the Energy market (Essential)
- Strong interpersonal and management skills
- Sponsoring changing programs
- Experience in ETRM systems
If you are interested in applying for this position please email an up-to-date CV to i.james@bramwithconsulting.co.uk
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