Market Risk Manager – Gas & Power page is loaded
Market Risk Manager – Gas & Power
Apply locations Geneva, Switzerland time type Full time posted on Posted Yesterday job requisition id R-016433
Main Purpose:
We are seeking an experienced and highly skilled Market Risk Manager for Gas and Power. The ideal candidate will have at least 10 years of relevant experience as a trader or risk manager specializing in the trading of physical gas and power at a reputable physical commodities trading house. This role requires an in-depth understanding of physical gas and power markets, pricing mechanisms, logistics, regulations, market dynamics, contractual terms, and market participants. The successful candidate will be responsible for aggregating Trafigura's exposure, identifying concentrated risks, and reporting these to the Head of Market Risk. Additionally, the role involves collaborating with front office teams, senior management, and contributing to the development of risk management systems.
Knowledge Skills and Abilities, Key Responsibilities:
* Risk Aggregation & Reporting:
o Aggregate and analyze Trafigura’s exposure across physical gas and power in a meaningful way.
o Identify and highlight categories of concentrated risk, reporting findings to the Head of Market Risk.
o Set up risk limits and monitor their usage, ensuring alignment with Trafigura’s risk appetite.
* Market Risk Analysis:
o Design and implement risk scenarios including historical analysis, ad hoc scenarios, and stress tests.
o Ensure accuracy in Value at Risk (VaR) calculations, and provide detailed P&L breakdowns and explanations.
o Perform continuous monitoring and assessment of market dynamics, pricing mechanisms, and trading strategies.
* Collaboration & Communication:
o Maintain strong interactions with the front office, providing risk insights and ensuring alignment on risk management strategies.
o Liaise with senior management to communicate risk positions, potential exposures, and strategic recommendations.
o Work closely with the IT and systems teams to enhance risk management tools, ensuring they meet the evolving needs of the market.
* Risk Management Systems Development:
o Contribute to the development and refinement of risk management systems, ensuring robust data integration and analytical capabilities.
o Utilize SQL, Python, and VBA to navigate and enhance the existing risk management landscape.
o Ensure systems are capable of providing accurate, real-time data for decision-making and reporting purposes.
* Regulatory Compliance & Risk Governance:
o Stay informed on global regulations affecting the gas and power markets, including environmental policies, sanctions, and trade restrictions.
o Ensure compliance with all relevant regulatory requirements and internal policies.
o Oversee the establishment and maintenance of strong contractual risk management processes.
Qualifications:
* Minimum of 10 years of experience as a trader or risk manager in physical gas and power at a reputable physical commodities trading house.
* Deep knowledge of physical gas and power markets, including types of gas and power products, pricing mechanisms, logistics and market dynamics.
* Strong understanding of contractual terms, credit risk, and the upstream and downstream gas and power market participants.
* Proven experience in aggregating exposure, managing concentrated risks, and reporting to senior management.
* Proficiency in SQL, Python, VBA, and other relevant tools for risk management and system development.
* Good knowledge of financial derivatives is a must-have.
* Excellent communication skills with the ability to interact effectively with front office teams and senior management.
* Strong analytical skills with the ability to design and implement complex risk scenarios and stress tests.
* Highly motivated with a collaborative mindset and a keen appetite for system enhancement and risk management innovation.
Preferred Skills:
* Experience in developing and enhancing risk management systems in a trading environment.
* Familiarity with Trafigura’s business model and risk management approach.
Key Relationships and Department Overview:
* Front office teams
* Risk teams
* Risk IT
* Senior Management
Reporting Structure
Reporting directly to the Global Head of Market Risk
Equal Opportunity Employer
We are an Equal Opportunity Employer and take pride in a diverse workforce! We do not discriminate in recruitment, hiring, training, promotion or other employment practices for reasons of race, colour, religion, gender, sexual orientation, national origin, age, marital or veteran status, medical condition or handicap, disability, or any other legally protected status.
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At the heart of global supply, Trafigura connects vital resources to power and build the world. Through our Metals and Minerals, Oil & Petroleum Products and Gas, Power and Renewables, commercial divisions, we use infrastructure, logistics and financing to connect producers and consumers, using our deep understanding of the markets we serve to make supply more efficient, secure and sustainable.
We are accelerating our investments in renewable energy, including hydrogen, ammonia and other low-carbon energy technologies required for the transition to a low carbon future. We are committed to responsible business practices and we work with our stakeholders to improve environmental and social standards, bringing greater trust and transparency to global supply chains.
A career at Trafigura offers a gateway to working on some of the most exciting challenges of a rapidly changing world – from helping to optimise supply chains to developing infrastructure and new markets. In a culture that is founded on openness and energy, our people work as part of a multinational, globally connected team and thrive in a fast-paced environment where they can nurture and commercialise bold ideas. Everyone has a voice and is empowered to collaborate across geographies and disciplines to help shape our business and the wider world. We know the importance and value of diversity in our business and we invest in attracting, developing and retaining talent from all backgrounds.
Founded in 1993, Trafigura is one of the largest independent employee-owned commodities groups in the world with over 12,000 people working across more than 60 offices. The Trafigura Group owns global multi-metals producer Nyrstar; fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nalo Renewables, investing in wind, solar and battery storage projects.
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