Risk Manager - Gas and Power Trading
My client is seeking a Risk Manager with expertise in Gas and Power Trading to join their dynamic Risk Management & Quantitative Research (RQR) team.
The RQR team is integral to the investment process, fostering a culture of effective risk management and accurate performance attribution. As a Risk Manager, you will spearhead research initiatives to enhance risk management, investment behavior, and portfolio construction, aiming to achieve superior risk-adjusted performance. The primary mission is to safeguard the firm from excessive exposure and ensure deliberate and efficient risk-taking.
Key Responsibilities:
- Oversee risk and activities of all Gas and Power Trading PMs, as well as overall risk across the Global Macro business.
- Identify, capture, and communicate material risks, including credit, tail risk, liquidity, and convexity.
- Ensure efficient and deliberate risk-taking at both individual portfolio and firm levels by setting appropriate risk guidelines and limits.
- Develop and advance stress testing and VaR frameworks.
- Create and maintain a framework for capital allocation to maximize risk-adjusted returns and profitability at various business levels and firm-wide.
- Actively manage the firm's risk exposures through regular meetings, analysis, and insights.
- Lead research efforts to develop innovative risk management approaches, tools, and analytics, leveraging the collective knowledge of the platform to enhance performance quality and improve risk-adjusted returns.
- Enhance management's understanding of investment performance by developing intuitive and efficient frameworks for performance attribution and educating internal stakeholders on these frameworks.
- Provide additional support in managing market risk across the Macro business.
- Manage and mentor Quantitative Analysts on the team.
Qualifications:
- Five or more years of experience as a risk manager or portfolio manager, specifically related to US and European power & gas products.
- Strong knowledge of energy products and analytical rigor in pricing models, risk sensitivities, and best practices for risk aggregation in a portfolio context.
- In-depth understanding of risk management, portfolio construction, and trading.
- High proficiency in SQL and quantitative programming (e.g., Python, MATLAB, R); experienced in handling large data sets.
- Strong communication skills and prior experience interacting with portfolio managers.
- Ability to manage multiple tasks independently and meet deadlines in a fast-paced environment.
- Proactive in seeking new ideas and solutions to improve the status quo.
- Ability to work collaboratively with all levels of staff as part of a team.
- Excellent interpersonal skills and emotional intelligence, with a demonstrated ability to build relationships both internally and externally.
- Strong communication skills, with the ability to clearly and concisely articulate complex ideas to senior management and portfolio managers.
- Commitment to the highest ethical standards and professionalism.
