Market Risk Manager- Power & Gas

An international energy trading and investment firm is looking for a Market Risk Manager to join its London office, specialising in the power and gas markets. This role offers exposure to a broad range of traded products within a fast-paced environment and the opportunity to work closely with front-office, analytics, and operations teams.

Market Risk Manager – Power & Gas

An international energy trading and investment firm is looking for a Market Risk Manager to join its London office, specialising in the power and gas markets. This role offers exposure to a broad range of traded products within a fast-paced environment and the opportunity to work closely with front-office, analytics, and operations teams.

Key Responsibilities

• Monitor, analyse, and report daily market risk exposures across physical and financial power and gas trading portfolios.

• Perform mark-to-market reviews and validate P&L drivers, identifying and investigating unusual variances or discrepancies.

• Maintain and develop risk measurement tools covering Value-at-Risk (VaR), stress testing, and scenario analysis.

• Assess the impact of changes in market conditions, positions, or trading strategies on risk metrics.

• Ensure positions and exposures are accurately captured in risk systems and reconciled with trading and operations data.

• Partner with traders and market analysts to provide independent risk oversight and constructive challenge.

Requirements

• Strong experience in market risk management within energy markets, ideally covering European power and gas trading.

• Familiarity with physical and financial trading instruments such as futures, swaps, options, and structured contracts.

• Proficiency in risk modelling methodologies including VaR, stress testing, and option Greeks.

• Solid grasp of market fundamentals for electricity and natural gas, including supply/demand drivers and price formation.

• Advanced Excel skills; experience with Python, SQL, or other analytical tools desirable.

• Excellent communication skills, able to convey complex analysis clearly to both technical and commercial stakeholders.

• Degree in a quantitative discipline (e.g., Mathematics, Economics, Engineering, Finance) preferred.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates