Market Risk Analyst

Recruiter
Corona Energy
Location
Watford
Salary
42000.0000
Posted
16 Feb 2017
Closes
16 Mar 2017
Sector
Engineering
Contract Type
Permanent
Hours
Full Time

About Corona Energy

We’re a leading independent energy supplier to UK businesses delivering 11% of the Industrial and Commercial gas market across 11000 customers. We supply gas and electricity to commercial, industrial and public sector clients across the UK.

Our outstanding service starts with getting the basics right. We’re proud to deliver the highest standards of operational excellence combined with a fresh approach to saving our customers time, energy and money.

The purpose of the Market Risk Analyst is to manage complex data and theoretical problems to provide detailed reports with clear summaries and recommendations to senior management.

Key responsibilities are as follows:

  • Market risk analysis and recommendations including scenario testing, option valuation of price and demand risk mitigation.

  • Maintaining and managing pricing systems and invoice validation.

  • Demand Forecasting - analysing the impacts on demand of multiple variables, namely weather, economic forecasts, site closures, etc.

  • Power Balancing

  • Market risk reporting and valuation of risk

The role of the Market Risk Analyst:

  • Developing and managing Power and Gas market risk models (VARs, Scenario testing).

  • Calculation and optimization of balancing costs and modelling risk.

  • Support the business with ad hoc analysis and investigation into current pricing and forecasting modelling.

  • Finding and engaging with external parties to find mutual areas of benefit for hedging and business collaboration.

  • Data collation and interrogation to determine statistical trends

  • External talks on risk and managing risk strategies, market update webinars

  • Build and maintain financial and analytical spreadsheets and databases to model current and future business activities and products.

  • Manipulate data from a multitude of sources including SQL databases to produce portfolio statistics

  • Document and summarise any analytical findings with possible strategy suggestions..

  • Use initiative to investigate data issues and to follow through to a resolution.

  • Production of accurate and timely reports.

  • Help with general analysis, projects and ad hoc reporting as required.

The following attributes are essential:

Job knowledge:Understanding of global energy markets, especially UK.

Skills:

Good numeric skills with an eye for details and accuracy.

VBA, SQL

Good knowledge of maths and statistics.

Good interpersonal skills and analytical skills.

Experience: 5 years’ experience in Energy Markets (paid or voluntary)

Education: Educated to Degree level or equivalent

Behaviours: Ability to work to deadline

Ability to work collaboratively with others/teams

Passionate/Positive

Motivated/Proactive

Courage & Integrity

Flexible & adaptable to change

Inspiring others/ Leading by example

Effective communicator

Proof of ability to handle complex issue and make innovative solutions

Good knowledge of gas and power

I.T:

Excel - Exceptional inc VBA

Other Office - Good

Statistical Modelling

Other: Ability to handle complex issues and provide innovative solutions with little or no guidance.

Able to demonstrate commitment to equal opportunities through their previous work experiences

Diligent, tenacious, able to work on own initiative to a high level of accuracy