Engelhart
Commodities Trading
MarketRiskAnalyst
Neural analysis suggests this role is
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“Market Risk Analyst at Engelhart. Skills: Market Risk Analysis, Commodities, Derivatives, Quantitative Skills. Ensuring accuracy of global VAR and historical simulation systems. Daily sign-off of risk systems”
Industry & Context.
Identifying and resolving any errors; Developing and maintaining appropriate stress test scenarios; Making recommendations on exposures and risk
What They're Looking For.
Must Have
3 years of experience in market risk in commodities, Proven experience and knowledge of North American physical and financial power and natural gas, Knowledge of derivatives, option pricing and greeks, with an understanding of how these products price and are traded in their relevant markets
Nice to Have
Coding skills preferably in Python, if not, abilities in other languages such as R, SQL, VBA, quantitative abilities and knowledge, communication skills
What You'll Do.
Ensuring accuracy of global VAR and historical simulation systems
Daily sign-off of risk systems
Identifying and resolving errors in risk systems
Including and modeling new products appropriately
Developing and maintaining stress test scenarios
Monitoring market conditions and trader positions
Making recommendations on exposures and risk
Assisting in validating structured product deal valuation
and model logic verification
Monitoring traders’ compliance-to-risk controls
Determining and monitoring appropriate secondary limits
Monitoring and understanding option exposures
Monitoring and understanding power congestion trading strategies and risk exposures
Reviewing new products and deal types
Specifying/prototyping/validating new models and risk system tools and reporting capabilities
How You'll Work.
Team & Collaboration
Managing daily relationships with key stakeholders including senior management, front office, middle office, operations, finance, and technology; Working closely with Engelhart Technology team; Collaborative culture across products and competencies
Communication Scope
Communication skills
Full Job Description
About Us Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies. In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition. Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship. About the Role We are looking for a Market Risk Analyst with a keen interest in Energy Commodity Markets to join us in either our Houston TX or Stamford CT office. This role will sit in our global Risk team, reporting to our Market Risk Manager who is based in Houston, TX. This will be a full-time role, owning the following responsibilities: Ensuring accuracy of global VAR and historical simulation systems, responsible for daily sign-off, identifying and resolving any errors and ensuring new products are included and modeled appropriately. Developing and maintaining appropriate stress test scenarios in consultation with front office, adapting to new products and changing market conditions. Continuall
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