Senior Market Risk Analyst - Energy Markets
Senior Market Risk Analyst - Energy Markets
E.ON
Essen, Germany
Responsibilities
- Liaise with E.ON Energy Market (EEM) traders, originators and sales staff to understand and challenge proposed hedging strategies and commodity contracts;
- Monitor the PnL and risk metrics of EEMs portfolio. Report to the management performance and compliance with the policy;
- Review new products or transactions to identify and quantify their risks (e.g. options, Financial Transmission Rights, PPAs, gas storages, batteries, etc.);
- Develop reporting tools and automate risk monitoring processes;
- Review the application of risk metrics in the Regional Units (RUs) with the aim to ensure alignment in definition and application;
- Quantify portfolio effects and correlations between RUs and between different risk types;
- Facilitate best practice transfer between RUs;
- Develop, maintain, and enhance quantitative risk models to assess and price market risks for our energy trading and customer portfolios;
- Monitor the performance of risk models and suggest improvements based on new research and industry trends;
- Prepare and deliver ad-hoc analysis, reports and presentations for stakeholders and E.ON SE committees (Market Committee, Risk Committee);
- Interface with various central and unit stakeholders: EEMs Front Office, Controlling, Accounting, Regional Risk functions, etc.
Qualifications
- University degree in a quantitative/financial/information technology or risk management discipline;
- Good working knowledge of VaR, option theory, econometrics;
- Solid knowledge of financial instruments (Futures, Swaps, Forwards, Options) and their valuation;
- Excellent understanding of commodity markets (power, gas, certificates) and underlying energy economics;
- Proficient with SQL and Python based data modelling and data engineering ideally using Cloud technologies and a keen interest to practically work with further integrating, automating and expanding our reporting setup;
- Experience with renewable energies, flexibilities or short-term optimization would be advantageous;
- Strong analytical skills, accurate and attention to detail;
- Relevant experience in risk management or trading within a fintec, investment bank, hedge fund, consulting, or energy (trading) company;
- Proactive, good communicator and team player;
- Enthusiastic and agile approach to work with a drive to learn and make continuous improvements;
- Languages: English, German would be advantageous.
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