The Role
Support Commercial Risk through daily/periodic risk reporting and VAR processes, develop and validate quantitative models for valuation and risk of complex gas and power transactions, perform price time-series analysis, ensure risk data quality, improve risk systems and reporting, and collaborate with traders and stakeholders to operationalise models and deliver ad-hoc analyses.
Summary Generated by Built In
The Quantitative Risk and Data Analyst will play a key role in the day-to-day functioning of the Commercial Risk team, with scope to work on exciting projects, including the development of new quantitative models to support the implementation of trading strategies, with a focus on Gas and Power.
Key Responsibilities
- Risk reporting – daily/weekly/monthly reporting of risk the business carries, develop holistic Risk reporting for department, e.g. VAR suite, Stress testing, consolidated exposure/risk reports.
- Actively run and support daily VAR process.
- Development of quantitative models for the evaluation of complex structured deals, support originators/traders in the development and implementation of trading strategies incorporating such models.
- Development and validation of quantitative models for use in transaction valuation and risk measurement within the Commercial Risk.
- Risk data management - Ensure data in Risk systems are accurate, complete and accessible
- Risk Platform/System development: improve processes, systems and reporting from internal systems for Risk needs. Develop and support operationalisation of latest market technology.
- Price Analysis - time series analysis of prices/volatilities/correlations, support annual Audit review of company price and valuation data.
- Data handling - Provide data extract and manipulation for Risk Team and stakeholders
- Develop collaborative relationship with key stakeholders across functions
Skills, Knowledge and Expertise
- Degree level education in a numerate subject, preferably in Economics, Engineering, IT, Science or Mathematics
- Database (SQL) / coding / system knowledge and experience
- Commodities/Derivatives experience in a similar trading organization
- Minimum 4-5 years’ experience preferred
- Proven quantitative and programmatic skills
- Database (SQL) / coding / system knowledge
- A strong grasp of mathematics is a must with strong analytical skills
- Proven track record of developing and applying quantitative models to complex gas and/or power deals (e.g. gas storages, virtual power plants)
- Ability to think logically and problem solve is key
- Interest in commodities, traded markets and/or energy transition important
- Be a self-starter as well as a team player
- Willingness and ability to work and deliver on timelines
- Be diligent and dedicated to manage ad-hoc analysis and projects in a timely manner
Benefits
This role offers a competitive salary (commensurate with experience), plus a comprehensive benefits package, including Private Medical, Dental and Travel Insurance cover, Life Assurance, Annual Gym Allowance, Contributory Pension Scheme, 25 days annual leave, Discretionary Bonus, and more. This is a full-time position, with the successful candidate being required to attend the London office 4 days per week.
About
Petroineos Trading Limited comprises trading and refining joint ventures between PetroChina International (London) Company Limited and INEOS. Established in 2011, Petroineos is one of Europe’s leading International Integrated Energy Trading Companies. Our highly experienced teams trade a comprehensive range of energy products, supported by a network of professional teams across the globe, enabling our customers to benefit from our ability to leverage our shareholders’ global network. Trading is carried out by three divisions: Crude, Refined Products, and Low Carbon Solutions.To discover more about the company, click here.
Skills Required
- Degree in a numerate subject (Economics, Engineering, IT, Science, Mathematics)
- Database (SQL) and coding / system knowledge and experience
- Commodities/Derivatives experience in a trading organisation
- Minimum 4-5 years' experience
- Proven quantitative and programmatic skills
- Strong grasp of mathematics and analytical skills
- Proven track record developing/applying quantitative models for gas and/or power deals
- Logical thinking and problem-solving ability
- Interest in commodities, traded markets and/or energy transition
- Self-starter and team player
- Willingness and ability to work and deliver on timelines
- Diligent and able to manage ad-hoc analysis and projects
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The Company
What We Do
Petroineos is a joint venture between PetroChina International London and INEOS Group, established in 2011. It operates as an integrated refining and energy trading company, processing crude oil and trading a comprehensive range of energy products globally. The company focuses on quality, safety, and sustainability, with key assets including refineries and distribution terminals that support its trading and refining activities across European and African markets.
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