Market Risk Control Specialist

We are supporting a London-based client with the recruitment of a Market Risk Control Specialist on a permanent basis.

The ideal candidate will have a background in product control or market risk management, as well as experience in commodities and derivatives. Additionally you’ll be comfortable liaising with trading teams and other departments across the business, and advising on market risk.

You will be a key member of the team responsible for managing the execution of key strategic activities that involve some operational tasks and reporting. Your role will be fundamental in ensuring compliance with market risk controls for the group.

Your key areas of responsibility will include:

• Market risk management: identify, analyse and mitigate through the use of financial instruments
• Production of P&L reports, with explanation of P&L movements to management in terms of trading activity, key drivers, profit attribution analysis
• Utilising the concept of mark-to-market, and articulating market/price volatility in terms of its effect on P&L, cash flow and working capital
• Ensuring non-derivative transactions are treated with the right accounting treatment
• Commercial v accounting reconciliations
• Leading system improvements/enhancements in ETRM
• Involved in monthly IPV process

Do you have:

• 2+ years experience working in Commodities Product Control or Risk Management?
• Strong reporting experience, ideally with previous exposure to the US Power and Gas markets?
• Specialised knowledge in the structure and uses of financial derivatives as they relate to the management of fuel price risk?
• Experience in ETRMS?
• Strong communication skills, and the ability to work with a degree of autonomy?

Harvey John is acting as an Employment Agency in relation to this vacancy. The salary bracket advertised is FTE, for guidance only, and was set by the agency. We are committed to continued improvement in terms of their diversity and inclusion practices. Please get in touch with any questions concerning reasonable adjustments, accommodations, or diversity practices.