Quantitative Risk Analyst
Why should I apply?
You will have the opportunity to Conduct the initial calibration of all proprietary and off-the-shelf models used for pricing any complex and structured incoming new business. Upon market condition change- Review the calibration of any particular complex structured deal throughout its life cycle.
How will I spend my time in this role?
- Support Market Risk in recognising model output.
- Support Market Risk in back-testing for model calibration validation purposes.
- Developing complex models, methodologies, libraries, forward curves, etc.
- Support the Market Risk, Trade Control, Treasury and Credit teams, as required, across the Gas, Power, Emissions, Renewables and FX businesses.
- Provide some cover, during absences, to the Market Risk teams, which would include, but is not limited to, performing certain daily reporting activities, price loads etc..
What skills/experience do I need to be successful?
- Exposure in an energy trading environment, of which at least some experience gained within the Risk Management function.
- Exposure to Gas, Power and Renewables market is a prerequisite.
- Solid knowledge of: the physical and financial energy markets, in general; and, the risk management function in the energy trading industry in particular.
- Clear vision of risk reporting infrastructure, deal life cycle processes and complex structured deal representation in ETRM systems.
- Proven track record of Gas (e.g. storage, swing) or Power (e.g. tolling, capacity) model validation. Proven experience in complex structured deal approval and validation, management of complex structured deals and risk assessment & economic valuation (intrinsic and extrinsic)
- Strong quantitative and programmatic skills (Excel/VBA/SQL/Python/R is a prerequisite, scripting/database query language is an advantage).
- Solid knowledge of a commodity physical business: nature of market risks (time spread, basis risk, options etc.), logistics (delivery, transfer of title etc.)
- Good understanding of the mainstream derivative products and structured products.
What sets us apart?
- Global Impact: With offices in the UK, US, and Australia, and plans for further expansion, you'll be part of a dynamic, globally-minded team, with opportunities to explore new markets and make a difference on a global scale.
- Flexible Working: Embrace the freedom to work from anywhere in the world for up to 30 days a year. We prioritize work-life balance, recognizing that your well-being matters. Check out all our benefits here
- Commitment to Diversity and Inclusion: We celebrate our diverse culture and value individuals irrespective of background, disability, religion, gender identity, sexuality, or ethnicity. Join a team where diversity is not just welcomed but celebrated as a key driver of growth and innovation.
What does hybrid working mean to us?
Hybrid working typically means 2 days in the office location listed on this advert and 3 days working at home each week. Some occasional travel to our other offices may be required.
What happens next?
Once we receive your application, it will be reviewed by a human – no bots here! The average process typically takes around 2-3 weeks, with 2 stages of video interviews using Teams. However, this can vary depending on the role. We may invite you for a face-to-face meeting or require only 1 video interview. If you have any questions or need support, our Recruitment Team is here to assist you.
Ready to join us on our journey to digitize, decarbonize, and localize the future of energy? Apply now
- Department
- Risk
- Locations
- SmartestEnergy Limited - London office - Canary Wharf
- Employment type
- Full-time
Quantitative Risk Analyst
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