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Smartestenergy
,
London, Greater London
Volume Risk Analyst
Overview
Job Description
The future of energy is digitised, decarbonised and localised. At Smartest Energy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems. Join us and help power the revolution. Formed in 2001, we're an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. We have three offices in the UK, one in the US and have just opened another in Australia. Further expansion in territories across Asia and Oceania will follow shortly which means big global career opportunities for you, with plenty of potential to explore new markets. Overview Our Volume Risk Management team are responsible for management of the valuation modelling and subsequent contract pricing of volume risk which arises due to the variable nature of the electricity volumes delivered by, and supplied to, its export and import customers. This applies to all standard and non-standard transactions carried out by our Sales Teams. T In this key role, you will have responsibility for overseeing the day-to-day management of the volume risk position from the point of contractual commitment to the point of physical delivery. In this position, you will be involved with the following: * Ensure that suitable methodology and business process are in place to support the fair pricing of volume risk in respect of Fixed price contracts, Flexible contracts and non-standard business through the application of appropriate Non-Firm Provisions; * Ensure that a suite of Curves are maintained for use in all fixed price PPA and fixed price Retail pricings carried out by the Retail and Generation Sales functions, and that all Flexible and Bespoke commercial offerings made by the Sales team are supported by an appropriate Volume Risk risk premium; * Ensure that suitable methodology and business process are in place such that any necessary market facing trade activity is carried out in accordance with the VRM risk mandate; * Work closely with Demand Forecasting analysts to ensure that customers have an accurate forecast and appropriate actions are taken to close any resulting position in the most cost-effective way (reference volume change, applying volume tolerance charges, market facing adjusting trades); To be successful in this position, you are likely to have the following skills/experience: * Experience of operating in a reporting role within the Front or Middle Office in an Energy Trading or similar environment; * Experience of Spot Trading or Position Management activities within the Front Office in an Energy Trading or similar environment; * Able to oversee the day-to-day management of the volume risk position from the point of contractual commitment to the point of physical delivery; * Degree or higher degree educated in a subject with a strong mathematical or analytical bias; * A sound academic understanding / real-world experience of deploying econometric or other statistical techniques; * Knowledge of SQL, Python or VBA; * Strong investigative and analytical abilities; * Eye for detail and with an ability to think round problems. What else do we offer? * A commitment to smarter working - we recognise your work/life balance; * Excellent benefits package including private medical insurance/dental cover for all staff & 7% non-contributory pension; Check out all our current open positions: Our Privacy Policy is here: Apply for this Job