Market Risk Analyst

Engelhart • Stamford, CT

9h • Onsite

About The Position

Engelhart, a commodities trading company founded in 2013, is seeking a Market Risk Analyst with a keen interest in Energy Commodity Markets to join their global Risk team. This full-time role, based in either Houston, TX or Stamford, CT, will report to the Market Risk Manager in Houston. The analyst will be responsible for ensuring the accuracy of global VAR and historical simulation systems, developing and maintaining stress test scenarios, monitoring market conditions and trader positions, assisting in validating structured product valuations, and monitoring traders' compliance with risk controls. The role also involves managing daily relationships with key stakeholders, reviewing new products, and collaborating with the technology team on new models and risk system tools.

Requirements

• A minimum of 3 years of experience in market risk in commodities.
• Proven experience and knowledge of North American physical and financial power and natural gas.
• Knowledge of derivatives, option pricing and greeks, with an understanding of how these products price and are traded in their relevant markets.

Nice To Haves

• Coding skills preferably in Python, if not, strong abilities in other languages such as R, SQL, VBA.
• Strong quantitative abilities and knowledge.
• Strong communication skills.

Responsibilities

• Ensuring accuracy of global VAR and historical simulation systems, responsible for daily sign-off, identifying and resolving any errors and ensuring new products are included and modeled appropriately.
• Developing and maintaining appropriate stress test scenarios in consultation with front office, adapting to new products and changing market conditions.
• Continually developing an understanding of and monitoring market conditions and trader positions and rationale, with a view to discussing with management and front office, able to make recommendations on exposures and risk.
• Assisting in validating structured product deal valuation, risks assessment, and model logic verification.
• Monitoring traders’ compliance-to-risk controls including VAR, stress test, drawdown, and stop loss limits. Determining and monitoring appropriate secondary limits such as on exchange position/trade sizing, option trading, and liquidity.
• Monitoring and understanding option exposures, rationale, and risks.
• Monitoring and understanding power congestion trading strategies and risk exposures.
• Managing daily relationships with key stakeholders including senior management, front office, middle office, operations, finance, and technology.
• Reviewing new products and deal types, providing recommendations to the Market Risk Manager on appropriate controls.
• Working closely with Engelhart Technology team to specify/prototype/validate new models and risk system tools and reporting capabilities.

Benefits

• Competitive compensation and participation in Engelhart’s discretionary bonus plan.
• 20 days of annual holiday entitlement, excluding US public holidays (NYSE).
• Robust benefits package such as Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidized by the Company.
• Eligibility to receive external and internal training in accordance with our Training & Development Policy.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed