Market Risk Manager

  • Baarerstrasse 141, 6300 Zug, Switzerland
  • Full-time

Company Description

MET Group is an integrated European energy company, headquartered in Switzerland, with activities in natural gas and power, focused on multi-commodity wholesale, trading and sales, as well as energy infrastructure and industrial assets. The success of MET is based on three pillars: having talented and highly motivated people on board, operating integrated risk management model and running businesses more efficiently than the peers. MET Group’s mission is to become a leading market player by implementing innovation in the traditional European energy market.

Job Description

PURPOSE OF THE POSITION:

-       Support the EU Sales Division in every market risk management aspect and act as a business enabler.

-       Understand and explain trading strategies and P&L drivers for the relevant EU Sales activities.

-       Define and implement all methodological improvements for portfolio market risk metrics.

-       Analysis and monitoring of market parameters that will impact P&L and risk measures that will affect the books relevant to the EU Sales activities.

-       Responsibility for reviewing and monitoring market risk measurement models, creating dashboards. Develop market risk methodologies for analysis.

-       Communication with relevant stakeholders.

MAIN RESPONSIBILITIES & DUTIES:

-       Run and administer risk models and production of market risk analytics, providing explanation for changes, and interacting with Front-Office/Business partner to understand and challenge underlying trading strategies.

-       Daily supervision of VaR on each portfolio/strategy and books.

-       Liquidity analysis / Sensitivities analysis.

-       Risk Analysis on real options (Swing, Storage, Asset back trading, CCGT, PPAs).

-       Back-testing of the Risk and Valuation models.

-       Provide input into the definition of market risk policies and procedures working as a commercial partner to support and challenge the business in day-to-day trading as well as long term strategic deals.

-       Involvement in projects to enhance reporting systems and/or migrations – reconciling MTM’s and Deltas and understanding impacts of changes in methodology.

-       Manage any Risk related UAT and apply agile principle within the Risk Team for IT deliveries.

-       Developing and implementing enhancements to the Risk team daily operational tasks.  

-       Continuous process improvement.

-       Help shape and improve the Risk management function and governance.

-       Monitoring compliance with Risk management policies and any relevant operational policies.

-       Monitoring of breaches and limits.

Qualifications

-       Master’s degree in economics or mathematics. Strong quantitative background.

-       At least 5 years of risk management experience in the gas and power energy market.

-       Thorough knowledge of market, credit and counterparty risk management; experience in commodity trading, pricing and retail sales activities.          

-       Proficiency in using database tools (e.g. Basic SQL) and creating databases.

-       ETRM system knowledge. ENDUR user experience is an advantage.

-       Fluent English: ability to communicate with stakeholders in English.

-       Strong analytical and modelling skills.

-       Ability to work autonomously.

-       Strong interest in IT improvements.

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