Market Risk Analyst

Job Description

Vattenfall Group Risk Management adds value through proactively providing guidance and independent advice, as well as challenging the business to focus on the risk-reward balance. Through the Enterprise Risk Management process, the Risk Management organisation is furthermore in charge of fostering a robust risk culture by providing guidance and support to the organisation in the risk identification, evaluation, and mitigation processes. Risk Management provides a consolidated Group-wide risk view towards top management to facilitate risk-return considerations in decision-making.

Group Risk Management is seeking a Market Risk Analyst for the Market Risk team in Hamburg who is also interested in Cloud-based data modelling and report creation. Market Risk provides independent transparency on, support to, and control over commodity and treasury trading activities and provides value-added risk analysis to minimise losses and maximise opportunities. In addition, the department fulfils regulatory reporting requirements.

Your role

• Take responsibility for the risk monitoring of the trading, hedging and sourcing activities of Vattenfall. This includes:
  • Ensure timely and accurate daily reporting of various risk metrics (e.g. Mark-to-Market, commodity exposures, Value at Risk, stress tests).
  • Support the validation process for complex business cases within various IT Systems.
  • Monitor compliance with the Risk Mandate structure.
  • Provide a quantitative and qualitative description of the desk performance and market risks to senior management.
  • Analyse and understand trading strategies and developments in the commodity markets.
  • Monitor algorithmic trading activities.
  • Validate forward curve prices.
  • Provide input for the monthly risk report for the Vattenfall Risk Committee.
• Partner up with our technical support teams in Operations and bring our technical reporting setup to the next level. I.e. develop a solid understanding of our source system-data in Endur and further develop own reporting solutions based on the existing Azure Data Warehouse.
• Review valuation methodologies, book structures, limit structures and risk reports on an ongoing basis and propose and implement improvements in order to ensure transparency and control in exposures and results.
• Establish a close relationship with Front Office to ensure a mutual and full understanding of P&L and risk measures.
• Co-operate with various stakeholders throughout the business (i.e. other Risk functions, BA Markets Operations, IT, Finance).
• Contribute to, and ultimately lead projects such as new trading product implementations, improved risk reporting, regulatory requirements and risk control improvements.

Location
Hamburg

Qualifications

Your qualifications

• University degree in a quantitative / financial / information technology or risk management discipline
• Good programming skills in Java, C, Python or similar
• Understanding of data modelling and data engineering using Cloud technologies and a keen interest to practically work with further integrating, automating and expanding our reporting setup
• Relevant experience in risk management or trading within an investment bank, consulting or energy trading company
• IT literate, with good Excel, Microsoft Power BI and programming skills. Knowledge of Openlink Endur is a strong advantage
• Strong oral and written communication skills. Fluency in English required
• Broad knowledge of European & global energy markets is an advantage

Your profile

• Good cooperation and a team player in an international team
• Sound experience with cloud environment and infrastructure handling
• Strong communication and relationship building skills
• Strong analytical skills, accurate and attention to detail
• Able to work under pressure
• Enthusiastic and agile approach to work with a drive to learn and make continuous improvements

Additional Information

Benefits

Good remuneration, a challenging and international work environment, and the possibility to work with some of the best in the field. You will be working in interdisciplinary teams and you can always count on support from committed colleagues. We offer attractive employment conditions and opportunities for personal and professional development.

More Information
We welcome your application in English, no later than 18.01.2025 . We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website.

For more information about the recruitment process you are welcome to contact our recruiter Kathrin Schellhaaß via .

At Vattenfall we are convinced that diversity contributes to build a more profitable and attractive company and we strive to be good role model regarding diversity. Vattenfall works actively for all employees to have the same opportunities and rights regardless of gender, ethnicity, age, transgender identity or expression, religion or other belief, disability or sexual orientation.

The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party, Validata.

We look forward to receiving your application!

Company Description

Vattenfall is a European energy company with approximately 20,000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We now want to make fossil-free living possible within one generation. To be able to reach this ambitious goal we are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission.

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