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    Senior Front Office Risk Manger - London, United Kingdom - E1 EDF Trading Ltd

    E1 EDF Trading Ltd
    E1 EDF Trading Ltd London, United Kingdom

    1 week ago

    Default job background
    Full time
    Description

    Description

    :

    Department:

    The team has two key deliverables:

    Comprehensive and independent quantification of risks embedded in EDFT's trading portfolio which are presented to the executive team and the Head of Trading in a dedicated weekly meeting. Direct the New Business Committee process.

    Position purpose and Responsibilities:

  • The Senior Manager will support the head of in leading the Front Office Risk team in London in all its activities. They will manage and take accountability for team members output and delivery, ensuring the realisation of the team goals and EDFTs vision.

    • Other 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.
  • Continue to develop and mentor all members of the front office risk function
  • Prepare ad-hoc reports at short notice for management.

    • This list is not exhaustive and may include other tasks assigned by the manager and/or senior management.

    Experience required

    Essential:

  • Significant experience in risk management or trading within an Energy Trading firm, either as a trader or commercial risk manager which may include managing and developing a risk function.
  • Experience leading a team and being responsible for delivering on key responsibilities of the 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

  • 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

  • Ability to take overall accountability for the performance and conduct of specific department of responsibility
  • Able to drive strategy and vision for the department and communicate and champion wider company strategy with a strong focus on internal controls
  • Demonstrates strong leadership and management capabilities with the ability to resolve interpersonal conflicts
  • Able to foster a strong team work ethic and a culture of responsibility
  • Subject matter expert with significant industry experience and in-depth knowledge of all EDFT businesses
  • Able to creatively solve complex problems and turn these into opportunities
  • Excellent communicator with strong interpersonal skills, negotiation skills and the ability to adapt to various audiences, internal and external
  • Influences and advises at a senior management level
  • Able to communicate with all levels of commercial and functional management
  • Minimum Bachelor's degree in Finance, Economics, Mathematics, Engineering, or Science
  • Preference for MSc, CQF, PRM, FRM or ERP holders.

    • Hours of work:

    8.30am – 5.30pm

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