Senior Market Risk Analyst – Energy Markets

E.ON

full-time

Posted on:

Location Type: Hybrid

Location: Essen • 🇩🇪 Germany

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Job Level

Senior

Tech Stack

CloudPythonSQL

About the role

  • Liaise with E.ON Energy Market (EEM) traders, originators and sales staff to understand and challenge proposed hedging strategies and commodity contracts
  • Monitor the PnL and risk metrics of EEM’s portfolio
  • Report to the management performance and compliance with the policy
  • Review new products or transactions to identify and quantify their risks (e.g. options, Financial Transmission Rights, PPAs, gas storages, batteries, etc.)
  • Develop reporting tools and automate risk monitoring processes
  • Review the application of risk metrics in the Regional Units (RUs) with the aim to ensure alignment in definition and application
  • Quantify portfolio effects and correlations between RUs and between different risk types
  • Facilitate best practice transfer between RUs
  • Develop, maintain, and enhance quantitative risk models to assess and price market risks for our energy trading and customer portfolios
  • Monitor the performance of risk models and suggest improvements based on new research and industry trends
  • Prepare and deliver ad-hoc analysis, reports and presentations for stakeholders and E.ON SE committees (Market Committee, Risk Committee)
  • Interface with various central and unit stakeholders: EEM’s Front Office, Controlling, Accounting, Regional Risk functions, etc.

Requirements

  • University degree in a quantitative/financial/information technology or risk management discipline
  • Good working knowledge of VaR, option theory, econometrics
  • Solid knowledge of financial instruments (Futures, Swaps, Forwards, Options) and their valuation
  • Excellent understanding of commodity markets (power, gas, certificates) and underlying energy economics
  • Proficient with SQL and Python based data modelling and data engineering ideally using Cloud technologies and a keen interest to practically work with further integrating, automating and expanding our reporting setup
  • Experience with renewable energies, flexibilities or short-term optimization would be advantageous
  • Strong analytical skills, accurate and attention to detail
  • Minimum of 5 years experience in risk management or trading within a fintec, investment bank, hedge fund, consulting, or energy (trading) company
  • Proactive, good communicator and team player
  • Enthusiastic and agile approach to work with a drive to learn and make continuous improvements
  • Languages: English, German would be advantageous
Benefits
  • Flexibility: hybrid work model, flexible working times, sabbatical or additional vacation opportunities allowing great work-life balance
  • Working from abroad: up to 20 days in the European economic area
  • Flat hierarchies: interdisciplinary and very cooperative working style providing room for own ideas
  • Modern work environment: workplace according to digital and ergonomic standards
  • Personal growth: life-long independent learning making use of a broad range of opportunities working with the newest technology and state of the art trainings
  • Family service support: services in the areas of childcare, holiday care, nursing support or everyday assistance
  • Nutrition & Health: wide selection of fresh meals and drinks in our subsidized bistro and canteen as well as various health offers (e.g. physiotherapy, flu vaccinations, mental health)
  • Corporate Benefits: employee share program, pension scheme, employee discounts, special insurances (and much more)
  • A central location: very good public transport connection, free parking and charging points for e-vehicles
  • Individual mobility: private car and bicycle leasing as well as subsidized Deutschland Ticket

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
VaRoption theoryeconometricsFuturesSwapsForwardsOptionsSQLPythonquantitative risk models
Soft skills
analytical skillsattention to detailproactivecommunicationteam playerenthusiasticagiledrive to learncontinuous improvements