Energy Risk Analyst

OVO Energy ,
Bristol, Bristol
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Job Description

Location: Bristol The OVO Group's mission is to drive progress towards net zero carbon living. To reach zero, we need everyone to come together. Not as customers buying energy, but as members with a common goal. We're in the business of building a different kind of Energy Company, one where not only our customers benefit from better service and opportunity but our people do too. OVO was set up to always find a better way and challenge the status quo: we want to be the good guys, find a way, and build something great. We embrace simplicity, transparency, and treating people and our planet fairly. We understand that attracting and keeping the best talent is key to our bright future, so our people will always share in our success. Where in the world of OVO will I be working? As part of the Trading function, this role will report into the Energy Risk [Manager]. This is an exciting role that is key to the team developing, implementing and reporting on effective Hedging Strategies. With annual wholesale costs in excess of 1.5bn per annum, it is critical that our Trading Activities are effectively managed and monitored and that we have robust systems and business processes in place to achieve this. OVO's Trading function is a dynamic and fast paced environment. This will give you the opportunity to build relationships across all areas of the business and to help to ensure that key internal stakeholders have a clear understanding of the opportunities and risks associated with Wholesale Energy Trading. What will I be doing? Key responsibilities will include but not limited to:- * Developing business systems and processes associated with monitoring and reporting of our wholesale energy positions and exposures, including our third party provided ETRM (Energy Trading and Risk Management) software * Contributing to the development and assessment of hedging strategies to manage wholesale market risk in the business * Monitoring Trading activities to ensure that they remain fully compliant with the agreed Trading Risk Policy * Implementing effective process controls for Trading activities to mitigate the risk of financial loss. * Use your knowledge of analytical and statistical methods to develop models to assess and report on wholesale market risk. * Proactively identify and implement improvements to risk assessment methodologies, engaging with external stakeholders and industry experts. * Developing reporting on wholesale energy trading activities including the measurement and reporting of Brand Wholesale Costs and Trading profit or loss. * Ensuring that all assumptions used to calculate wholesale energy requirements are agreed with stakeholders, are reviewed and updated regularly and are accurately reflected in trading forecasts * Monitoring industry credit cover and ensuring that we meet industry collateral requirements at a low cost * You will develop strong relationships with internal stakeholders to consolidate information and highlight risks and opportunities * Ad hoc projects as required Is this the job for me? Ideally you will have... * First and foremost you will need to be a numbers person, confident in dealing with large data sets and extracting key insight & results * You will need the ability to learn quickly in order to develop a detailed understanding of current models and processes, the energy market and our wholesale energy trading activities * You will need to be able to take the initiative in addressing complex challenges. * Degree or 2+ years work experience in analytical, numerical or science based subject. * Highly analytical with strong data manipulation skills and advanced Excel knowledge. * Experience with data analysis in a programming language (eg. Python or R) * Experience with writing SQL queries * Demonstrable high attention to detail. * Strong communication skills. * Ability to break down complex problems, often involving large amounts of data. * A team player who thrives in a challenging environment. * Flexibility; willing to contribute on a range of work aspects. * Self-starter, comfortable working both autonomously and with colleagues to deliver value in a small, high-functioning team. Beneficial * Experience in data visualisation tools (eg Tableau) * Experience in energy trading risk management OVO believes in fueling human progress with clean and abundant energy for all. We were set up to always find a better way and challenge the status quo. Our benefits are pretty nice too. From us you'll get ... * A competitive salary with the opportunity to earn a performance based annual bonus * 4% of your salary to spend on flexible lifestyle benefits * 5% matched employer contribution to your pension * 25 days holiday + 1 for your birthday * Flexible working hours * And many more... Diverse teams are the best teams We're keen to meet people with varied backgrounds: the more inclusive we are the better our work will be. We want to build a team which represents a variety of backgrounds, perspecti

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