Front Office Risk Analyst

at  EDF Trading

Come work at a place where innovation and teamwork come together to support the most exciting missions in the world!
When you join EDF Trading you’ll become part of a diverse international team of experts who challenge conventional ideas, test new approaches and think outside the box.
Energy markets evolve rapidly so our team needs to remain agile, flexible and ready to spot opportunities across all the markets we trade in: power, gas, LNG, LPG, oil and environmental products.
EDF Group and our customers all over the world trust that their assets are managed by us in the most effective and efficient manner and are protected through expert risk management. Trading for over 20 years, it’s experience that makes us leaders in the field. Energy is what we do.
Most of all, we value our people. Become part of the team and you will be offered a great range of benefits which include hybrid working, a personal pension plan, private medical and dental insurance, bi-annual health assessment, corporate gym memberships, electric car lease programme, childcare vouchers, cycle to work scheme, season ticket loans, volunteering opportunities and much more. We even provide free fruit to keep you healthy.
Gender balance and inclusion are very high on the agenda at EDF Trading so you will become part of an ever-diversifying family of around 800 colleagues based in London, Paris, Singapore, Tokyo and Houston. Regular social and networking events, both physical and virtual, will ensure that you always feel connected to your colleagues and the business.
Who are we? We are EDF Trading, part of the EDF Group, a world leader in low-carbon sustainable electricity generation partnered with JERA, one of Japan’s largest utilities; the perfect organisation at which to begin or progress your career in the commodities sector.
Join us, make a difference and help shape the future of energy.
Job Description:
Department
Front Office Risk Management is a trading floor-based risk management team that actively monitors the EDFT trading portfolio and global energy markets in real time in order to keep the Executive team and Head of Trading dynamically informed of key risk issues. The team also assists business development, origination and trading in developing proposals for new business activities.
Position Description
To become a key member of the Front Office Risk team by contributing rigorous risk analysis for presentation to the executive team, facilitated by forging strong relationships with trading desks underpinned by an in-depth understanding of global energy markets.
Main responsibilities

Key responsibilities include:

• Interact daily with Trading desks and Fundamental analysis teams to facilitate independent analysis and challenge trading strategies
• Understanding in detail the day to day drivers of price volatility and how this relates to the portfolios under your responsibility
• Understand in detail on a daily basis the positional makeup of the portfolios under your responsibility
• Understand in detail on a daily basis the key P&L drivers of the portfolios under your responsibility
• When required produce weekly deep dives for management on specific trading positions to identify and analyse risk/reward
• Produce well-written commentary for presentation at weekly meetings with the executive team
• Liaise with other support functions to escalate and resolve market, operational and other risk issues as appropriate

Experience required

• Experience of working in a risk management, valuations or trading role within an investment bank or energy trading firm
• A strong understanding of risk calculation methodologies for linear and non-linear instruments including: VaR, back-testing, portfolio stress testing, and sensitivity analysis
• Experience interacting directly with traders
• Detailed knowledge of some of the following energy commodities: Power, Gas, Oil, LNG, LPG & Coal

Technical requirements

• Strong Excel, VBA or other programming skills preferable, particularly ability to analyse complex data
• Experience in building risk analytics tools in excel or other systems

Person specification

• Excellent mathematical and analytical skills including a good knowledge of statistics
• Minimum Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or Science
• Preference for MSc Finance, CQF, PRM, FRM or ERP holders
• Knowledge of common commodity trading instruments including physical forwards, swaps, options, and other derivatives
• In-depth understanding of option valuation methodologies, preferably including exotics
• Excellent written and verbal communication skills to prepare and present material to senior executives as required
• Strong interpersonal skills to build relationships with key stakeholders
• Attention to detail and strong focus on accuracy of information
• Team-work: ability to function in a dynamic small team and provide cover for other team members.

Hours of work:
40 hours per week, Monday to Frida

• Interact daily with Trading desks and Fundamental analysis teams to facilitate independent analysis and challenge trading strategies
• Understanding in detail the day to day drivers of price volatility and how this relates to the portfolios under your responsibility
• Understand in detail on a daily basis the positional makeup of the portfolios under your responsibility
• Understand in detail on a daily basis the key P&L drivers of the portfolios under your responsibility
• When required produce weekly deep dives for management on specific trading positions to identify and analyse risk/reward
• Produce well-written commentary for presentation at weekly meetings with the executive team
• Liaise with other support functions to escalate and resolve market, operational and other risk issues as appropriat