Senior Market Risk Analyst
SOCAR Trading is seeking a
Senior Market Risk Analyst
to join our Market Risk team. You will play a key role in overseeing risk management across trading desks, with a focus on crude and refined products, while driving the development and enhancement of our market risk framework and capabilities.
- Lead market risk coverage for trading desks, ensuring robust risk oversight and challenge.
- Own and enhance risk methodologies and frameworks, including VaR, stress testing, scenario analysis, and limit structures.
- Provide independent risk challenge to trading strategies, positions, and new deal structures.
- Oversee daily risk reporting, ensuring accuracy, timeliness, and relevance for senior stakeholders.
- Drive development of analytical tools and models to improve risk transparency and decision-making.
- Lead key market risk initiatives, including data quality, liquidity assessment, valuation governance, and model validation.
- Partner closely with Front Office, Middle Office, and IT to enhance systems, automation, and ETRM usage.
- Contribute to strategic risk discussions, including portfolio optimization, capital allocation, and risk appetite definition.
Location:
London
Education:
MSc or higher in a quantitative discipline (Mathematics, Physics, Engineering, Computer Science, Financial Engineering, or similar).
Experience:
6–10 years in market risk within commodity trading, ideally with strong exposure to crude and refined products, or gas and LNG.
Technical Expertise:
- Deep understanding of market risk metrics (VaR, stress testing, sensitivities, Greeks)
- Strong grasp of P&L drivers, valuation, and risk decomposition
- Experience with ETRM systems
IT Skills:
Proficiency in Python, SQL, PowerBI.
Languages:
English required; additional languages are a plus.
Leadership & Soft Skills:
- Strong stakeholder management and ability to challenge front office
- Excellent communication and presentation skills
- Proven ability to work independently and under pressure