About the job
Oil Quantitative Market Risk Analyst / Associate
Location: LondonExperience: 5+ yearsSector: Energy / Commodities / Oil TradingEmployment Type: Permanent
The RoleWe are seeking an experienced Quantitative Market Risk professional to join a leading energy trading organisation in London. The role will sit at the intersection of quantitative analytics, market risk and physical/financial oil markets, working closely with traders, risk managers, quants and technology teams.
The successful candidate will have a strong understanding of oil and commodity markets, combined with solid quantitative and analytical skills. You will be responsible for developing and enhancing risk analytics, assessing market exposures and supporting the business in understanding and managing complex commodity risk.
- Key ResponsibilitiesDevelop, maintain and enhance quantitative market risk models and analytics across oil and refined products.
- Analyse trading portfolios and assess exposure to price, volatility, basis, spread and correlation risks.
- Work with traders and risk managers to understand portfolio risk and provide actionable analysis.
- Develop and improve VaR, stress testing, scenario analysis, P&L attribution and risk sensitivities.
- Analyse complex oil structures, including crack spreads, calendar spreads, location basis and optionality.
- Support the valuation and risk management of derivatives and structured commodity positions.
- Investigate model performance, risk discrepancies and unusual P&L movements.
- Develop quantitative tools and reporting using Python, SQL and/or other analytical technologies.
- Collaborate with Front Office Quant, Trading, Market Risk, Technology and Data teams.
- Contribute to the development of risk infrastructure, methodologies and controls.
- Communicate complex quantitative analysis clearly to both technical and non-technical stakeholders.
- Requirements5+ years' experience in quantitative market risk, commodity risk, trading analytics, quantitative research or a closely related discipline.
- Strong understanding of oil and/or energy markets and commodity derivatives.
- Strong knowledge of market risk concepts including VaR, stress testing, sensitivities, scenario analysis and P&L attribution.
- Experience with quantitative modelling and statistical analysis.
- Strong Python skills; SQL and experience with quantitative/risk systems would be advantageous.
- Good understanding of derivatives pricing and risk, including options and spread products.
- Strong mathematical and analytical ability.
- Experience working directly with traders, risk managers or other Front Office stakeholders.
- Excellent communication skills and the ability to explain complex quantitative concepts clearly.
- Bachelor's or Master's degree in Mathematics, Physics, Engineering, Economics, Finance, Computer Science or another quantitative discipline.
- Desirable ExperienceExperience within an energy trading house, commodity merchant, hedge fund, investment bank or similar trading environment.
- Direct experience covering crude oil, refined products, physical oil or oil derivatives.
- Knowledge of commodity forward curves and curve construction.
- Experience with option pricing, volatility modelling or stochastic modelling.
- Familiarity with physical commodity exposures and associated market risk.
- Experience building quantitative risk tools used by Front Office or Market Risk teams.
What You'll BringWe are looking for someone who combines strong quantitative capability with genuine commodity-market understanding. You should be comfortable working in a fast-paced trading environment, challenging existing methodologies and translating complex risk information into clear commercial insights.
This is an opportunity to work closely with experienced trading and risk professionals in a role with significant exposure to oil markets, quantitative risk and trading strategy.
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