Trade Risk Analyst/Lead (Power & Gas)
Responsibilities:
- Serve as the key liaison for the North American Power trading desks, ensuring accurate valuation, position tracking, and risk assessment. This includes in-depth profit and loss (PnL) analysis, risk forecasting, and performance attribution.
- Act as the primary interface for traders, originators, and risk teams, supporting trade lifecycle management, including complex trade entries, new deal evaluations, and valuation model reviews.
- Develop deep expertise in the firm's proprietary platforms and third-party Energy Trading and Risk Management (ETRM) systems. Gain a comprehensive understanding of trade data, booking protocols, and control frameworks to ensure robust PnL and risk reporting.
- Collaborate daily with cross-functional teams-such as Market Risk, Credit, Accounting, Scheduling, Treasury, and Financial Operations-to troubleshoot issues, validate new trade structures, and support the rollout of complex instruments and transactions.
- Provide analytical and operational support for structured deals, advising on booking strategies to ensure accurate valuation and risk capture. Partner with Quantitative Research to validate option pricing models and risk metrics.
- Coordinate with technology teams to maintain operational continuity and drive improvements in workflow efficiency, risk mitigation, and compliance with internal standards.
- Work closely with Business Management to streamline the onboarding of new desks, traders, and products, ensuring readiness and alignment with business timelines.
- Engage with global commodity teams to harmonize valuation practices and understand regional modeling nuances.
Qualifications/Requirements:
- 3+ years of experience working in middle office functions supporting physical and financial Natural Gas or Power trading across North America. For the Lead role, must have 7+ years of experience working in middle office functions supporting physical and financial Natural Gas or Power trading across North America.
- Firm understanding of physical natural gas and/or power infrastructure and market dynamics.
- Firm understanding of physical natural gas and electricity transaction types, including related risk and valuation results
- Strong Excel skills and ability to work with databases, SQL, APIs, and prior python coding experience are all preferred. Ability to navigate and analyze P&L across large amounts of data inclusive of trade count, forward marks, and settlements.
- Firm understanding of financial valuation concepts -MTM, realized vs unrealized P&L, discounting, etc. and the full trade lifecycle for physical and financial trading
- Prior interaction with front office and senior management teams in an active trading environment a must.
- Experience and working knowledge of third party ETRMs, including implementation and maintenance (Endur or OpenLink preferred).
- Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting, or material equivalent exposure.
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your resume and details on file so when we see similar roles or see skillsets that drive growth in organizations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your resume so you can be considered for roles that have yet to be created.
Yes, we help with resume and interview preparation. From customized support on how to optimize your resume to interview preparation and compensation negotiations, we advocate for you throughout your next career move.