Energy Risk Specialist

Energy Risk Specialist

Falck Renewables

Sesto San Giovanni, Italy

Job Description Summary:

  • The successful candidate will join the Risk Management Team reporting to the Responsible of Energy Risk Management;
  • He will closely work with Energy Management team, in order to ensure the execution of the risk management and control procedures as well as ad hoc analysis to support decision-making process in Energy Risk Management activities: Portfolio Management, Market Analysis, Trading, Dispatching, PPA Structuring;
  • The candidate will be also involved in the risk assessment process of all the new business initiatives of Next Solutions, the business line of Falck Renewables dedicated to service sector.

Responsibilities and Duties

  • Support Risk Management Team in adapting risk management framework, procedures, and policies on Energy Management processes, following new business needs and ensuring consistency between risk appetite and business targets;
  • Support in ensuring energy risk reporting (daily, monthly, etc.) fit for purpose and developing any new reporting and risk metrics required, in order to guarantee risk monitoring and control and compliance with internal policies limits;
  • Conduct on regular basis independent analysis on trading and hedging strategies, developing proper quantitative analysis tools and highlighting key risk factors and market assumptions underlying portfolio management activities;
  • Work closely with Energy Management Team to verify the alignment between accounting and business performance, being able to explain the impact of market trends on economic results;
  • Support Energy Management in modelling market dynamics and risk drivers in short and mid-term market scenarios, revenues forecasting and PPA structuring;
  • Support Energy Management & Downstream Services area in counterparty risk analysis (credit and background risk) and financial exposures evaluation, ensuring compliance with the internal policy and the application of practical mitigation strategy;
  • Contribute to risk assessment of business initiatives (M&A, greenfield development) and new services of Next Solutions, evaluating the risk profile and recommending risk mitigating solutions;
  • Contribute to enterprise risk assessment process on a quarterly basis in identifying corporate risks and designing and checking relevant Key Risk Indicator (KRI) for the Top Risks.

Key Job Requirements

  • Growth mindset and strong willingness to face new challenge for self-development;
  • Passionate about energy transition and eager to deeply understand the big picture of energy sector;
  • Solid experience in European energy markets and commodities trading (power, gas, LNG, carbon);
  • Ability to perform root cause analysis, identify trends and recommend corrective course of action;
  • Ability to work and interact with colleagues throughout a complex organization;
  • Strong organizational skills including the ability to effectively manage multiple deadlines simultaneously.

Qualifications and Skills

  • 2-3 years' experience in risk management or market analysis in energy trading company with demonstrated skills in energy market fundamental understanding;
  • University degree in Engineering, Mathematics, Physics, Statistics or Economics with a solid quantitative academic background;
  • Knowledge of ETRM software and ability to develop new tools for risk metrics analysis and reporting;
  • Good coding skills (Python, R, Matlab) and excellent analytical skills;
  • Any academic or post-graduate study in market risk or energy trading will be a plus;
  • Fluent in English.

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© EuroJobsites 2021

EuroJobsites is a registered company number: 4694396 VAT number: GB 880 9055 04

Registered address: EuroJobsites Ltd, Unit 8, Kingsmill Business Park, Kingston Upon Thames, London, KT1 3GZ, United Kingdom

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