Risk management within Vattenfall has changed its organisation. The new Vattenfall Group Risk Management (GRM) organisation has gathered all risk management personnel within Vattenfall to be organised in one function clearly separated from the P&L responsibility. GRM assists the Vattenfall Management Board through proactively providing guidance and independent advice, challenging business to focus on the risk-reward balance.
Models & Methodology within GRM enhances and challenges in a supportive way quantitative risk assessments and risk-related evaluation activities. Risk Model Operations and Validation (RMOV), a department of Models & Methodology, is responsible for supervision and monitoring of all non-standard risk factor and evaluation processes which are used in the daily business trading/origination environment. For RMOV we are currently recruiting a
Senior Risk Analyst
RMOV’s responsibilities include price simulations models, forward curve methodologies and evaluation and risk measurement procedures beyond the typical Value at Risk approaches. The position involves the application and interpretation of back-testing procedures to quantify the quality of the models. An in-depths understanding of both the logics and procedures behind these approaches is inevitable for this process. In addition to the analytical skills required to accomplish this, a pro-active and steady communication towards the Business and Market Risk is a prerequisite for success. This is of explicit importance as we are dealing with people in several locations (for example Germany, Sweden and Netherlands).
The role as a Senior Risk Analyst within Risk Model Operations and Validation comprises the following activities and responsibilities:
Responsibility as project and process leader. Responsible for the methodology and output quality for the group wide Forward Curve, Valuation and Risk models (supervision and enhancements). Operational and conceptual responsibility for the back-testing processes for non standard price and risk models. Face to the internal counterparts (Traders, Analysts, Market Risk employees, etc). Assist colleagues and transfer knowledge both, Vattenfall-internal and external. Collaboration with other departments in Models & Methodology (fundamental long term modelling, judgement on financial risk and valuation models, etc.). Supervision and further development of Group-wide Gross Margin calculations and market price risk of illiquid asset positions.Qualifications:
University degree in Finance, Business, Engineering or other quantitative degree. Strong interpersonal skills with the ability to communicate with commercial/technical colleagues alike. Minimum 5 years of practical experience of trading/risk related environment in energy markets. A structured and result-oriented mind. Ability to work independently. Strong software skills. Good customer awareness. Both financial and fundamental understanding of the energy/power market. Strong analytical skills with ability to transfer findings into commercial reasoning. Proficient English oral and written language skills. Dutch, German and/or Swedish language skills are an advantage. Our offerWe offer you the capability to work in an international environment together with some of the brightest minds in the business. You will be supported over the years as you develop your knowledge in this field.
More information
Please send your application to:
Vattenfall Energy Trading
Rogier Zevenbergen
0031 (6) 4644 7931
Please apply using the link. We will remove the vacancy from the site when we have a candidate under offer. We look forward to your application!