Quantitative Risk Manager

Job Description

Join us, be part of more.

We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

About your team:

At Centrica Energy, our mission is to move it.

We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

Centrica Energy is a leading European energy trading company with a global reach, operating out of eight offices across all time zones to move energy from source to use. Our mission is to drive the green transition while offering sustainable and predictable energy costs for suppliers and offtakers. #LI-CET

Our third-party clients are provided with the best energy route-to-market services, made possible through integrating sophisticated software and structuring and optimising exposures from long-term risk management into executing physical trading seconds before delivery. Capacity under management, including renewables and optimisation assets increased to 16.7GW in 2024 from 16.3GW in 2023, of which more than 75% are renewables. Additionally, we have a growing route-to-market business for green gas.

We currently trade gas across 20 countries and power across 28 European countries and the United States, whilst our LNG business has a global reach with cargoes delivered almost anywhere in the world. To service our clients across the globe, we have main offices in London, UK and Aalborg & Copenhagen, Denmark, as well as branches in Belgium, Norway and Sweden and subsidiaries in Germany and Singapore. At our Aalborg (Denmark) office, where this role is located, you’ll be joining our international office with over 250 dedicated energy specialists.

As a Quantitative Risk Manager, you will be part of the TQR (Transaction and Quantitative Risk) team, which oversees Model Validation as well Quantitative Model Development for the whole Risk Function.

You will ensure a high level of motivation, professionalism and knowledge within the TQR team and support the Head of TQR.

The role is based out of the office in Aalborg (Denmark) with a requirement for occasional business travel to other Centrica Energy offices (e.g. London).

What you’ll be doing:

• Advise upon, and contribute to, ongoing model development for valuation and risk measurement, carrying out reviews and validation of Front Office models for a constantly evolving and increasingly sophisticated set of products

• Directly contribute to the design, construction and implementation of Risk models (e.g. Market Risk, Credit Risk and Liquidity Risk models such as Value at Risk, Profit at Risk, PFE, CVA/ DVA and Variation Margin at Risk models) to help us on our journey of continually improving our risk modelling capabilities and provide valuable analysis and insights to the business

• Work effectively with Quantitative Analysts, Traders & Originators

• Communicate the results of analyses clearly, including to senior management, in a way which adds significant value to business decisions

• Stay updated on industry best practice and emerging trends in quantitative finance and risk modelling.

We have a few must-haves:

• Educational background within a highly quantitative subject (Mathematics, Quantitative Finance, Economics, Sciences, Engineering or similar)

• Ability to review and validate complex models

• Excellent modelling and related programming skills (e.g. exposure to Python or similar), with the ability to build complex models

• Good understanding of quantitative finance and related risk issues, coupled with a strong practical, and business focused, approach to modelling, valuation and risk management

• Ability to work under pressure and to tight deadlines in a trading-related Risk environment

• Understanding of the energy commodity markets

• Ability to communicate complex issues in a clear, understandable manner with the front office quantitative analytics team, traders, originators, asset developers, finance, Risk and other teams

• High attention to detail in both numerical analysis and written work

• Strong team working and influencing skills with the ability to objectively and constructively challenge proposals for new modelling and transactions, whilst maintaining good working relationships

• Strong appetite for practical and high-quality problem solving in a fast-moving commercial environment.

Why should you apply?

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you.

https://www.morethanacareer.energy/centricaenergy

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.