Senior Front Office Risk Manager

Senior Front Office Risk Manager

EDF Group

London, United Kingdom

Position purpose and Responsibilities:

The Senior Front Office Risk Manager will report to the Head of Front Office Risk and will support the Head in directing the London team’s activities.

The Senior Front Office Risk Manager will manage and take accountability for team members day-to-day output ensuring the team supports the realisation of the team goals.

Key responsibilities include:

• Advise senior management on the key risks held across the trading portfolio:
  • Monitor, understand and quantify key risks in the EDFT trading portfolio;
  • Interact with Traders and Fundamental analysis teams to develop a coherent and real time view across markets, independently assess the risk/reward of strategies, and advise on portfolio management;
  • Conduct and direct independent analysis on market fundamentals, external factors, and statistical relationships;
  • Produce and present high quality written reports.
• Direct the New Business Committee process (similar to new product approval):
  • Interact with Traders and Originators to understand new business proposals (including proposals for trading new products);
  • Critically evaluate proposals and ensure that key risk elements are identified, communicated, and mitigated as necessary;
  • Coordinate with other Middle and Back office departments to facilitate the approval process;
  • Chair and minute New Business Committee meetings as required.
• Liaise with other Middle and Back office departments to escalate and resolve emergent risk issues as appropriate;
• Prepare ad-hoc reports at short notice for management;
• Direct and train more junior members of the team in day to day activities (as per above);
• Direct junior members of the team in design and building of analytical tools.

Experience required:

Essential:

• 10+ years of experience in risk management or trading within an Investment Bank, Hedge Fund or Energy Trading firm, either as a trader or commercial risk manager which may include managing and developing a risk function;
• Experience interacting directly with traders, originators and senior management;
• Demonstrable experience in quantifying and managing risks associated with exotic and vanilla option portfolios;
• Knowledge of risk measurement (VaR and stress testing), back-testing and statistical analysis;
• Experience managing or approving new business/products.

Advantageous but not essential:

• Knowledge of energy products (European Power, European Gas, Global LNG, Global LPG, Power and Gas vanilla options, Power and Gas flexible assets);
• Experience in designing and building analytical tools and/or risk measurement models;
• Experience with measuring and understanding the risk associated with and systematic and other quantitative trading systems.

Technical requirements:

• Strong written and verbal communication skills;
• Advanced analytical and quantitative skills to identify and quantify key portfolio risks;
• Strong Excel and VBA skills, particularly ability to analyse complex data.

Person specification:

• Demonstrate strong leadership and management capabilities;
• A subject matter expert with significant industry experience;
• Act as a role model to other members of the team and foster a positive working environment;
• Excellent Written and verbal communication skills to prepare and present material to senior executives on a weekly basis;
• Interpersonal skills to build relationships with key stakeholders;
• Ability to function in a small and dynamic team and provide cover for other team members;
• Minimum Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or Science;
• Preference for MSc, CQF, PRM, FRM or ERP holders.