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    Market Risk Manager - United Kingdom - Centrica plc

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    Description

    We are Centrica We're so much more than an energy company. We're a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we're powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you're developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

    Your work here isn't just a job – it's a mission. We all play a vital role in energising a greener, fairer future .

    Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

    We're a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you'll be joining our international office with over 300 dedicated Energy Movers.

    The Market Risk Manager will play a key role in controlling and reporting risk and continuously developing the function as Centrica Energy grows and transitions to a multi-location trading model. The role will play an important part in the improvement and development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units. The role reports into the Head of Market Risk.

    This is an exciting opportunity for a talented and experienced Market Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and Renewables and also functions as intermediary delivering energy from our Upstream and Power Generation teams on one side and British Gas on the other.

    The role is based out of the office in London office, near to Marble Arch station. There is also a requirement for occasional travel to other Centrica Energy offices (e.g. Denmark (Aalborg & Copenhagen)) and this is expected to be once every 2-3 months.

    What you'll be doing:

    In charge of the market risk oversight of one of the energy trading desks, being responsible for executing market risk management strategies across gas, power and renewables, creating a strong market risk presence and building strong relationship across Centrica Energy trading business

    Manage 1 or 2 junior resources, promoting risk discussion on the trading floor, building good practices within the team

    Maintain and share strong knowledge of trading portfolios and keep abreast of developments in the energy markets

    Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods

    Work with relevant business teams to formulate new business and product frameworks and integrate changes into the current policies, processes and systems

    Deliver improvements to market risk processes, models and methodologies in the space of VaR, stress, etc.

    We have a few must-haves:

    Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas

    Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing and Option Pricing

    Experience in managing and developing junior resources

    Strong commercial awareness and capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office

    Ideally proficient in booking systems such as Endur, EOS

    Practical experience in Power BI, Python and SQL

    Excellent attention to detail and problem-solving skills

    Confidence, presence, resilience, and determination to succeed in a dynamic and demanding business environment

    Proactive with a drive for continuous improvement

    Strong communication skills at all levels.

    Ready to Make Your Move and apply?

    If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

    We're a People Place:

    We have 4 People Promises, which are our pledge to all our colleagues. It's the minimum of what you can always expect when working with us.

    People Promise #1 We're a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility

    People Promise #2 You'll ignite your potential - we are committed to career development and equal opportunities

    People Promise #3 You'll get your share of our success - we offer attractive Benefits and Rewards

    People Promise #4 You'll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

    This is what you can always expect from us. It's part of our culture, and we know it enables us all to make the most of everyone's contribution for us to grow, move and thrive.

    At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it

    PLEASE APPLY ONLINE by hitting the ' Apply ' button.

    Applications will ONLY be accepted via the 'Apply' button.

    This role is being handled by the Centrica recruitment team and NO agency contact is required.

    PLEASE APPLY ONLINE by hitting the 'Apply' button.Applications will ONLY be accepted via the 'Apply' button.This role is being handled by the Centrica recruitment team and NO agency contact is required.

    #J-18808-Ljbffr

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