Market Risk Analyst

Job Description

We are Centrica! We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future.

Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

We’re a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you’ll be joining our international office with over 300 dedicated energy specialists.

As a Market Risk Analyst you will analyse and monitor market risks and recommend measurement methodologies, processes, and policies while closely collaborating with the front office. You will produce market risk reports, maintain awareness of principal market risks, and support the Market Risk Manager in promoting a culture of sound risk management across the business. This role is suitable for a Risk Analyst seeking a fresh challenge or an experienced Risk Analyst aiming for the next career step. The job title will be aligned with the candidate’s experience and competency.

This is an exciting opportunity for a talented and experienced Market Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and renewables and also functions as intermediary delivering energy from our Upstream and Power Generation teams on one side and British Gas on the other.

The role is based out of our central London office (close to Marble Arch) with 3 days per week based within the office. There may also be a requirement for occasional international travel to other Centrica Energy offices.

What you’ll be doing:

• Produce market risk reports, and ad hoc market risk analysis. Identify, assess, report, and monitor market risk exposures across a diversified commodity portfolio, including analysis of trading and hedging strategies and assessment of risk impacts

• Work with commercial teams to implement new business strategies and risk control frameworks throughout the life cycle of the trade. Integrate limit changes and deliver improvements to market risk policies, processes, and systems

• Provide timely risk insights into the trading portfolio to traders and senior management by being a local point-of-contact for running scenario analyses within the applicable market risk frameworks

• Maintain and share a strong knowledge of trading portfolios and stay abreast of developments in the energy markets

• Deputise for the Market Risk Manager during their absence

• Ensure the effective day-to-day operation of the CE Risk Control Framework in accordance with policies, SLAs and stakeholder expectations.

We have a few must-haves:

• Knowledge of risk management methods and techniques, including Value at Risk, Stress Testing, and Option Pricing

• Commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office

• Proficient in coding languages such as Python and SQL

• Experience with Power BI

• Excellent attention to detail and problem-solving skills

• Confidence, presence, resilience, and determination to succeed in a dynamic and demanding business environment

• Proactive with a drive for continuous improvement

• Strong communication skills at all levels.

Ready to Make Your Move and apply?

If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

We're a People Place:

We have 4 People Promises, which are our pledge to all our colleagues. It’s the minimum of what you can always expect when working with us.

• People Promise #1 We’re a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility

• People Promise #2 You’ll ignite your potential - we are committed to career development and equal opportunities

• People Promise #3 You’ll get your share of our success - we offer attractive Benefits and Rewards

• People Promise #4 You’ll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

This is what you can always expect from us. It’s part of our culture, and we know it enables us all to make the most of everyone’s contribution for us to grow, move and thrive.

#LI-CET #MakeYourMove #MoreThanACareer

At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it!

PLEASE APPLY ONLINE by hitting the 'Apply' button.

Applications will ONLY be accepted via the ‘Apply’ button.

This role is being handled by the Centrica recruitment team and NO agency contact is required.