Market Risk Manager - Western Europe

Market Risk Manager - Western Europe

MET Group

Milan, Madrid or Lyon

Job Description

• Act as Deputy to the Western Sales Market Risk Manager for the Western European Sales Division;
• Engage daily with regional subsidiaries, including operations and portfolio managers, sales teams, CFOs, and the Division Head, to assess the risks linked to sales activities and other operations;
• Collaborate with senior leadership to integrate risk considerations into daily decision-making and long-term strategy;
• Support the implementation of the Group’s risk framework and policies across local subsidiaries, ensuring alignment with Group standards;
• Monitor positions, oversee sales activities, track PnL, and analyze risk data to identify exposures and mitigate risks;
• Report deviations, incidents, or relevant risk issues at both Divisional and local levels to the Market Risk Manager;
• Contribute to the development of tailored frameworks that address the specific risk drivers of local businesses;
• Support Group Market Risk in enhancing risk models, analytics, and reporting tools to optimize monitoring;
• Conduct advanced risk assessments, including VaR back-testing, sensitivity analyses, and scenario simulations;
• Participate in model validation processes and ensure compliance with regulatory and internal governance requirements;
• Design innovative, actionable solutions to address complex market risk challenges in collaboration with commercial and risk stakeholders;
• Help shape Divisional risk policies and procedures in close partnership with senior leaders and the Market Risk Manager.

Qualifications

• University degree in Engineering, Economics, Finance, or another quantitative discipline;
• Minimum 5 years of experience in market risk management, with a strong preference for candidates who have worked in energy downstream activities such as operations, forecasting, or pricing;
• Solid knowledge of regional power and/or gas markets, ideally with exposure to Western European markets;
• Previous experience at a gas or power utility, supplier, or similar energy company is highly valued;
• Excellent communication skills, with the ability to translate complex risk data into actionable insights for both technical and non-technical stakeholders;
• Proficiency in English is required; fluency in at least one regional language (Italian, Spanish, or French) is mandatory.