Market Risk Manager
- Full-time
Company Description
MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power, focused on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets. The success of MET is based on three pillars: having talented and highly motivated people on board, operating integrated risk management model and running businesses more efficiently than the peers. MET Group’s mission is to become a leading market player by implementing innovation in the traditional European energy market.
Job Description
PURPOSE OF THE POSITION:
- Support the EU Sales Division in every market risk management aspect and act as a business enabler.
- Understand and explain trading strategies and P&L drivers for the relevant EU Sales activities.
- Define and implement all methodological improvements for portfolio market risk metrics.
- Analysis and monitoring of market parameters that will impact P&L and risk measures that will affect the books relevant to the EU Sales activities.
- Responsibility for reviewing and monitoring market risk measurement models, creating dashboards. Develop market risk methodologies for analysis.
- Communication with relevant stakeholders.
MAIN RESPONSIBILITIES & DUTIES:
- Run and administer risk models and production of market risk analytics, providing explanation for changes, and interacting with Front-Office/Business partner to understand and challenge underlying trading strategies.
- Daily supervision of VaR on each portfolio/strategy and books.
- Liquidity analysis / Sensitivities analysis.
- Risk Analysis on real options (Swing, Storage, Asset back trading, CCGT, PPAs).
- Back-testing of the Risk and Valuation models.
- Provide input into the definition of market risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals.
- Involvement in projects to enhance reporting systems and/or migrations – reconciling MTM’s and Deltas and understanding impacts of changes in methodology.
- Manage any Risk related UAT and apply agile principle within the Risk Team for IT deliveries.
- Developing and implementing enhancements to the Risk team daily operational tasks.
- Continuous process improvement.
- Help shape and improve the Risk management function and governance.
- Monitoring compliance with Risk management policies and any relevant operational policies.
- Monitoring of breaches and limits.
Qualifications
- Master’s degree in economics or mathematics. Strong quantitative background.
- At least 5 years of risk management experience in the gas and power energy market.
- Thorough knowledge of market, credit and counterparty risk management; experience in commodity trading, pricing and retail sales activities.
- Proficiency in using database tools (e.g. Basic SQL) and creating databases.
- ETRM system knowledge. ENDUR user experience is an advantage.
- Fluent English: ability to communicate with stakeholders in English.
- Strong analytical and modelling skills.
- Ability to work autonomously.
- Strong interest in IT improvements.