Market Risk Manager - Eastern Europe

Reposted 20 Days Ago
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Budapest, HUN
In-Office
Senior level
Energy
The Role
The Market Risk Manager will assess and mitigate risks in Eastern European sales, collaborate with leadership, monitor sales activities, and enhance risk frameworks.
Summary Generated by Built In
Company Description

About the European Sales Division

The European Sales Division is at the heart of MET Group’s client-facing operations, serving as a trusted energy partner for a wide range of customers across 21 European countries. From large industrial players to SMEs and households, we provide tailored solutions in natural gas, electricity, and green products. Leveraging one of Europe’s largest in-house trading floors, we offer our customers direct access to wholesale markets and advanced price management services. With a pan-European approach to sourcing and supply, our division ensures competitive pricing and security of delivery, strengthening long-term partnerships and building customer confidence.

Job Description

  • Act as Deputy to the European Sales Market Risk Manager for the Eastern European Sales Division
  • Engage daily with regional subsidiaries, including operations and portfolio managers, sales teams, CFOs, and the Division Head, to assess the risks linked to sales activities and other operations
  • Collaborate with senior leadership to integrate risk considerations into daily decision-making and long-term strategy
  • Support the implementation of the Group’s risk framework and policies across local subsidiaries, ensuring alignment with Group standards
  • Monitor positions, oversee sales activities, track PnL, and analyze risk data to identify exposures and mitigate risks
  • Report deviations, incidents, or relevant risk issues at both Divisional and local levels to the Market Risk Manager
  • Contribute to the development of tailored frameworks that address the specific risk drivers of local businesses
  • Support Group Market Risk in enhancing risk models, analytics, and reporting tools to optimize monitoring
  • Conduct advanced risk assessments, including VaR back-testing, sensitivity analyses, and scenario simulations
  • Participate in model validation processes and ensure compliance with regulatory and internal governance requirements
  • Design innovative, actionable solutions to address complex market risk challenges in collaboration with commercial and risk stakeholders
  • Help shape Divisional risk policies and procedures in close partnership with senior leaders and the Market Risk Manager

Qualifications

  • University degree in Engineering, Economics, Finance, or another quantitative discipline
  • 5-7 years of experience in market risk management gained in energy downstream activities such as pricing, forecasting, portfolio management, operations and dispatching
  • Solid knowledge of regional power and/or gas markets, ideally with exposure to Eastern European markets
  • Previous experience at a gas or power utility, supplier, or similar energy company is highly valued
  • Excellent communication skills, with the ability to translate complex risk data into actionable insights for both technical and non-technical stakeholders
  • Proficiency in English is required; fluency in at least one regional language (Hungarian, Romanian, Turkish, Bulgarian) is mandatory

Skills Required

  • University degree in Engineering, Economics, Finance, or another quantitative discipline
  • 5-7 years of experience in market risk management in energy downstream activities
  • Solid knowledge of regional power and/or gas markets, ideally Eastern European
  • Previous experience at a gas or power utility, supplier, or similar energy company
  • Excellent communication skills for translating complex data into actionable insights
  • Proficiency in English and fluency in at least one regional language (Hungarian, Romanian, Turkish, Bulgarian)
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The Company
645 Employees

What We Do

MET Group is an integrated European energy company, headquartered in Switzerland, with activities and assets in natural gas and power markets. MET is present in 15 countries through subsidiaries, 30 national gas markets, and 22 international trading hubs. MET has extensive experience in operating green (renewable) and flexible (conventional) energy assets, thus providing the widest possible support to energy transition. In 2022, MET Group’s consolidated sales revenue amounted to EUR 41.5 billion, with a total traded volume of natural gas amounting to 109 BCM and total traded electricity of 67 TWh. MET Group's 900+ employees come from 50 different countries.

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