Risk Manager (Operations & Analytics)

London, United Kingdom
01 Feb 2023
16 Feb 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Centrica Energy Marketing & Trading (EM&T) is the trading arm of Centrica. We trade LNG, gas, power, and energy attributes - and connect independent producers, suppliers and corporate off-takers in the wholesale energy markets.

The EM&T Market Risk team is responsible for identifying, evaluating, measuring, and controlling all market risks EM&T has exposure to through its portfolio of physical and contractual assets and trading activities. Its role is to proactively provide actionable insight on specific and portfolio-level risks, both existing and potential, to all stakeholders to ensure EM&T achieves its commercial, financial, and strategic objectives while controlling for potential downside losses with a robust and resilient risk control framework.

The team ensures the business operates in a controlled manner under its risk mandate and established governance frameworks. It also provides an independent and constructive challenge to front-office trading strategies and advice on market risk management strategies and methods for new business ventures and proposals.

Reporting to the Head of Market Risk the Risk Manager (Operations & Analytics) will be responsible for leading the design, implementation, maintenance, and ongoing development of the Market Risk team's suite of systems, models, and analytical tools. The role will have one direct report with additional resource and support from the wider team for specific projects and pieces of work.

The role is based out of our London offices (close to Marble Arch) and there will be a requirement for occasional travel to Denmark (Aalborg/Copenhagen).

Role responsibilities and deliverables:
  • Design, implementation, and maintenance of a suite of databases, systems, tools and models for the measurement, analysis, reporting and control of all EM&T market risks
  • Working with the Head of Market Risk and team to deliver the Market Risk transformation plan
  • Ensure Market Risk operations and processes are optimised, resilient & appropriately documented
  • Ensure Market Risk analytical tools and reporting is standardised
  • Work closely with other Market Risk Managers to ensure all market risks are captured, monitored, and reported by the risk control framework (RCF)
  • Ensure all enhancements to the platform on which the team operates are developed and implemented following best practice
  • Lead Market Risk participation in new business operational implementation and approval processes
  • Provide coaching and mentoring to analysts in developing programming skills
  • Establish effective relationships across the business, including Transaction and Quantitative Risk (TQR), Digital Technology Services (DTS), Quantitative Analytics (QA), Front Office
  • Lead Market Risk contribution to delivering EM&T digitisation transformation objectives
  • There is scope for this role to grow beyond Market Risk over time, contingent upon successful delivery of Market Risk transformation plan

The Person:
  • Extensive experience within Energy & Commodity Trading within a Risk Management team
  • Demonstrable record of designing and implementing risk management systems and tools
  • Extensive knowledge of physical and financial wholesale energy market fundamentals and traded instruments - Power, Gas, Emissions, LNG, Renewables
  • Extensive knowledge and experience of working with risk management methods and techniques - Value at Risk, Profit at Risk (PaR), Potential Future Exposure (PFE), Stress Testing, Scenario Analysis, P&L etc.
  • Highly proficient in several of the following - VBA, SQL, R, Matlab, Python, C#, C++ .Net, Alteryx, Blue Prism, Power BI
  • Extensive knowledge and experience of working with ETRM systems - Endur, Alegro, EOS, or proprietary in house
  • Extensive knowledge and experience of working with price databases and quantitative analytics libraries
  • Extensive and demonstrable project management experience
  • Experience of leading small teams, coaching and mentoring analysts
  • Demonstrate the Centrica values - Care, Delivery, Collaboration, Agility, Courage and promote a culture of effective risk management and best practice
  • Be proactive and drive continuous improvement
  • Strong analytical, organisational, and problem-solving skills
  • Strong networking and influencing skills
  • Stakeholder and customer focused.

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