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Market Risk Analyst

London

Job description

Greenergy is the UK's leading supplier of road fuel and growing rapidly in the UK, and internationally. We operate globally with offices in Canada, the USA, Brazil and Dubai and source fuels from around the world, receiving over 700 shipments annually. To deliver fuel to our customers, we also have an in-house haulage operation employing over 450 drivers. Greenergy is a major investor in the UK's fuel infrastructure, regenerating import terminals that are essential to the country's ongoing supply security. Greenergy Fuels is the largest trading entity of the group, supplying 15 billion litres of fuel to its customers each year. It represents one of the most complex areas of the group in terms of accounting and reporting.

Located in Holborn, London

Reporting to:

Senior Risk Analyst / Head of Risk

Main duties of the role

• Management of risk position, understanding pricing exposure generated by contracts and ownership of position reporting, reconciliation and hedge instructions for specific products or groups of products

• Production of daily mark to market reports, valuation of open positions and day one trading margins

• Working alongside the team to manage reference data within the trading system (quotes, curves) and accuracy of deal entry.

• Support the team, cross cover to help balance workload

• Back office reconciliation, aiding the month end close process to ensure accuracy of the accounting result by reconciling between mark to market and management accounts.

• Ad-hoc analysis and breakdowns to support the trading business, improving transparency in the values and positions generated by business activities.

• Aid the transition of our current processes from an Excel based report into a structured CTRM system.

Competencies

Required

• Experience working as part of a substantial market desk or market risk team.

• Excellent data analysis and reporting skills

• Very adept at manipulating complex and large datasets in Excel, strong knowledge of spreadsheet design, structure and formulae.

• Substantial practical experience in managing risk in a liquid products trading environment

• Knowledge of working with retail customers and pricing/managing complex nominations and tolerances.

• Responsibility for mark to market reporting and position management including calculating exposure and assessing hedging requirements.

Desired

• A detailed understanding of IT systems and operations will be helpful.

• Able to analyse and interpret complex and relate back to business performance

• Systems knowledge of CXL by Triplepoint and Oracle.

• Understanding of UK retail fuel operations as well as Biofuel production and marketing would be useful.

Personal

• Have a questioning and inquisitive mind - not afraid to ask questions or challenge convention, nor to drive improvements and efficiencies as appropriate

• Be flexible and adaptable, understand the overall goals of the team and actively seek to help achieve them.

• A self starter that can identify gaps and structure their own workload to address problems that need resolving

• A strong team ethic working as part of the group to a common goal.

People are key to our continuing success; we work hard to reward, develop and retain staff. We offer a competitive salary, career progression opportunities, along with a comprehensive benefits package which includes;

• 25 days holiday per year, increasing by 1 day after 5 years’ service for every full year up to a maximum of 30 days plus bank holidays

• Private Medical Insurance, Worldwide Travel Insurance, Life Insurance

• Company Pension

• Eye Care Vouchers, Flu Jabs, Ride to Work Scheme

• 24/7 Employee Assistance Programme.

Greenergy are proud to be an equal opportunities employer and we are committed to equality of opportunity for all staff. We believe that diversity and inclusion among our colleagues is critical to our success as a global company. Employment at Greenergy is based solely on a person's merit and qualifications directly related to professional competence. We do not discriminate against any employee or applicant because of age, disability, sex, gender reassignment, sexual orientation, pregnancy, maternity, race, religion or belief, marriage and civil partnerships.

Job type
Permanent
Posted
2021-08-27T00:00:00