172 Market Risk jobs in the United Kingdom

Our client is a marketing and trading business supporting global energy operations . They are involved in equity production marketing, third-party trading, shipping, storage, and derivatives. The organisation operates across global time zones and continues to grow its European customer base across a range of energy products.

Due to continued expansion, we are seeking a Market Risk Analyst to join the team. The successful candidate will be responsible for monitoring risk exposures across both physical and financial energy commodity portfolios, calculating Value at Risk (VaR) and stress scenarios, and providing insight into market movements, forward curves, and trading P&L drivers. The role involves close collaboration with front office and control teams to manage risk limits, support hedging decisions, and enhance risk models and reporting tools.

RESPONSIBILITIES:

• Monitor and analyse daily market risk exposure across energy commodity portfolios (e.g., crude oil, LPG, natural gas, power, carbon)
• Calculate and validate key risk metrics, including Value at Risk (VaR), stress testing, scenario analysis, and mark-to-market P&L attribution
• Track and interpret movements in commodity prices, forward curves, volatilities, and basis risks.
• Collaborate with trading, risk control, and finance teams to investigate and explain material P&L and risk drivers
• Support the implementation and back testing of risk models and assumptions specific to physical and financial commodity products
• Ensure compliance with internal risk limits/Control policy and escalate breaches or anomalies in a timely manner
• Assist in reporting to senior management and external regulators, aligned with risk governance frameworks (e.g., ICE, FCA, EMIR, REMIT)
• Contribute to continuous improvement in risk reporting tools, dashboards, and processes using tools like Python, Power BI, or SQL
• Understand and monitor optionality, storage exposure, logistics constraints, and hedging effectiveness related to energy trading strategies

EDUCATION/ QUALIFICATIONS:

• Bachelor’s or master’s degree in a quantitative discipline (e.g., Finance, Economics, Mathematics, Engineering, Physics, Statistics).

SKILLS & COMPETENCIES:

• Strong interest in financial markets and risk management concepts
• Basic understanding of key financial instruments (bonds, options, swaps, futures) and market risk metrics (VaR, Greeks, sensitivities)
• Proficiency in Excel; knowledge of Python, SQL, or VBA is a plus
• Attention to detail and ability to work under pressure in a fast-paced environment
• Strong written and verbal communication skills, with the ability to collaborate effectively across functions
• Prior internship or placement year in a financial institution is advantageous.
• Familiarity with risk systems (e.g., Murex, Bloomberg, Risk Watch, or internal VaR engines).
• Understanding of regulatory frameworks (e.g., FRTB, Basel III, PRA guidelines).
• Experience with data visualization tools (e.g., Power BI, Tableau) for reporting.

EXPERIENCE:

• At least 2-3 years prior, related experience in the energy/commodity trading industry, particularly with commodities such as crude oil, is preferred.

Market Risk Project Manager

c.£800-£900 per day PAYE, London based, 6 Months Initially

Job Description:

For this exciting opportunity with a world leading Energy Trading company, candidates must have previous Commodity Market Risk experience and Project Management experience with large international organisations.

This position has the following accountabilities:

• Plan, execute, monitor, control, and close all aspects of the project lifecycle.

• Rigorously manage scope through a structured change management process to ensure commitments are achieved within agreed time, cost, and quality parameters with focus on delivering the business benefits.

• Create and validate financial forecasts and provide ongoing reconciliation of resources and expenditures. Use creative costing and business models to capitalize on greater leverage power.

• Ensure appropriate stakeholder change and communication plans and engagements are developed and executed so that stakeholders are fully prepared to exploit the new operational business environment once it is in place.

• Partner with business stakeholders to validate the project's strategic business case, define success metrics and criteria, and to identify, measure, and sustain planned vs. achieved benefits. Proactively look for additional benefits to be delivered by taking advantage of systems, processes, and data already in place or being deployed.

• Apply project management and IT control/assurance methodologies, standards and processes including architecture, information risk management, and transition to support

Create a motivated high-performing team through team building, information sharing, workload management, and appropriate recognition. Develop the skills of team members through coaching and delegation.

• Establish and maintain appropriate and effective Governance structures and procedures to obtain resources, drive decisions, resolve issues, and deliver project objectives.

• Identify and address the major factors, assumptions and risks (including technical, business, adoption, organizational, government, cultural, etc.) that may influence project direction and success. As parameters and external influences change, adjust the project approach to improve the delivery of intended benefits.

• Champion the development of long-term Project Management capability within through bringing external perspectives, identifying and promoting best practices, coaching others on advanced skills, and contributing to community building.

Unique Characteristics of Posting:

• Demonstrated ability to merge project management discipline with strategic stakeholder relationship building.

• Skilled in crafting and communicating strategic narratives that align project outcomes with business vision.

• Proven experience in engaging diverse stakeholder groups to drive alignment and shared ownership of project goals.

• Ability to translate complex project deliverables into compelling business stories for executive audiences.

• Proven ability to craft and communicate strategic narratives that align project goals with broader business objectives.

• Domain expertise in Market Risk and Finance, particularly within the context of commodities trading.

• Experience navigating the complexities of trading environments and delivering technology solutions that support risk management and financial reporting.

• Ability to translate technical project outcomes into business value for stakeholders in trading and finance functions.

Special Challenges:

• Quickly earn the trust of sponsors and key stakeholders and understand their strategic priorities. Resolve conflict and deliver tough messages with grace.

• Motivate and advocate for the team while removing barriers so that the team can complete its objectives while managing pressure.

• Creating executive-level communications.

• Remain focused and productive under pressure and recover quickly from setbacks.

• Take calculated risks and apply judgment to make timely decisions that will maximize value.

• Balance execution efficiency with risk mitigation, value delivery, cost, and quality.

• Understand integration between project goals and business context when responding to challenges and change.

Market Risk Project Manager

c.£800-£900 per day PAYE, London based, 6 Months Initially

Job Description:

For this exciting opportunity with a world leading Energy Trading company, candidates must have previous Commodity Market Risk experience and Project Management experience with large international organisations.

This position has the following accountabilities:

• Plan, execute, monitor, control, and close all aspects of the project lifecycle.

• Rigorously manage scope through a structured change management process to ensure commitments are achieved within agreed time, cost, and quality parameters with focus on delivering the business benefits.

• Create and validate financial forecasts and provide ongoing reconciliation of resources and expenditures. Use creative costing and business models to capitalize on greater leverage power.

• Ensure appropriate stakeholder change and communication plans and engagements are developed and executed so that stakeholders are fully prepared to exploit the new operational business environment once it is in place.

• Partner with business stakeholders to validate the project's strategic business case, define success metrics and criteria, and to identify, measure, and sustain planned vs. achieved benefits. Proactively look for additional benefits to be delivered by taking advantage of systems, processes, and data already in place or being deployed.

• Apply project management and IT control/assurance methodologies, standards and processes including architecture, information risk management, and transition to support

Create a motivated high-performing team through team building, information sharing, workload management, and appropriate recognition. Develop the skills of team members through coaching and delegation.

• Establish and maintain appropriate and effective Governance structures and procedures to obtain resources, drive decisions, resolve issues, and deliver project objectives.

• Identify and address the major factors, assumptions and risks (including technical, business, adoption, organizational, government, cultural, etc.) that may influence project direction and success. As parameters and external influences change, adjust the project approach to improve the delivery of intended benefits.

• Champion the development of long-term Project Management capability within through bringing external perspectives, identifying and promoting best practices, coaching others on advanced skills, and contributing to community building.

Unique Characteristics of Posting:

• Demonstrated ability to merge project management discipline with strategic stakeholder relationship building.

• Skilled in crafting and communicating strategic narratives that align project outcomes with business vision.

• Proven experience in engaging diverse stakeholder groups to drive alignment and shared ownership of project goals.

• Ability to translate complex project deliverables into compelling business stories for executive audiences.

• Proven ability to craft and communicate strategic narratives that align project goals with broader business objectives.

• Domain expertise in Market Risk and Finance, particularly within the context of commodities trading.

• Experience navigating the complexities of trading environments and delivering technology solutions that support risk management and financial reporting.

• Ability to translate technical project outcomes into business value for stakeholders in trading and finance functions.

Special Challenges:

• Quickly earn the trust of sponsors and key stakeholders and understand their strategic priorities. Resolve conflict and deliver tough messages with grace.

• Motivate and advocate for the team while removing barriers so that the team can complete its objectives while managing pressure.

• Creating executive-level communications.

• Remain focused and productive under pressure and recover quickly from setbacks.

• Take calculated risks and apply judgment to make timely decisions that will maximize value.

• Balance execution efficiency with risk mitigation, value delivery, cost, and quality.

• Understand integration between project goals and business context when responding to challenges and change.

It is essential that all applicants have experience with market risk measurement methodologies for a Bank in the UK for at least 3 years. Sponsorship will not be available for this position, therefore 3+ years on visa eligibility to work in UK is essential .

Our Client is looking for a Fluent Mandarin Market Risk to join their small team on a permanent basis. This position is full time in office, 5 .

Market Risk Analyst - Project Manager – Vice President

Location: London

Working Model: Hybrid

Salary: £90,000 + Bonus + Benefits

An international financial services firm undergoing sustained growth is looking for an experienced Market Risk Subject Matter Expert to join as Risk Transformation Manager (VP level) . Sitting within the central Risk function and reporting to the Head of Change and Transformation Risk, you will be responsible for identifying, assessing, and managing risk across multiple divisions —particularly during M&A activity and enterprise-wide change programmes .

This is not a pure project management role. The ideal candidate will combine technical market risk expertise with a strategic mindset, directly overseeing risk assessments, managing cross-functional projects, and acting as the key Risk lead across business transformation initiatives. You’ll be a critical figure in ensuring the business scales and evolves in a risk-conscious way.

Key Responsibilities:

• Act as the lead Risk representative on major business change initiatives, including mergers and acquisitions and new product launches.
• Identify and assess risks across all relevant risk disciplines (Market, Credit, Operational, etc.), particularly in early-stage planning.
• Provide technical leadership on risk analysis—you will be measuring and managing risk, not delegating it.
• Coordinate and manage risk workstreams during acquisition integration from due diligence to delivery.
• Lead the Risk Change Portfolio Focus Group to ensure prioritisation and alignment with strategic objectives.
• Report on risk activities and project progress to executive committees and senior leadership.
• Ensure change initiatives follow robust governance, documentation, and regulatory compliance protocols.
• Support ongoing process improvement and risk management practices within the department.
• Engage with internal stakeholders and external regulators to ensure smooth transitions into BAU.

Candidate Profile:

• 5+ years of experience in Market Risk / Risk Change within financial services.
• Proven track record of leading risk efforts in large-scale transformation or M&A projects.
• Deep understanding of both financial and non-financial risk types, with the ability to work across risk divisions.
• Exceptional stakeholder engagement and communication skills, especially at the executive level.
• Comfortable working in a fast-paced, delivery-focused environment.
• Familiarity with tools such as Power BI or other data visualisation tools is a plus.
• Prior experience dealing with regulators and internal audit functions is beneficial.

Market Risk Analyst - Project Manager – Vice President

Location: London

Working Model: Hybrid

Salary: £90,000 + Bonus + Benefits

An international financial services firm undergoing sustained growth is looking for an experienced Market Risk Subject Matter Expert to join as Risk Transformation Manager (VP level) . Sitting within the central Risk function and reporting to the Head of Change and Transformation Risk, you will be responsible for identifying, assessing, and managing risk across multiple divisions —particularly during M&A activity and enterprise-wide change programmes .

This is not a pure project management role. The ideal candidate will combine technical market risk expertise with a strategic mindset, directly overseeing risk assessments, managing cross-functional projects, and acting as the key Risk lead across business transformation initiatives. You’ll be a critical figure in ensuring the business scales and evolves in a risk-conscious way.

Key Responsibilities:

• Act as the lead Risk representative on major business change initiatives, including mergers and acquisitions and new product launches.
• Identify and assess risks across all relevant risk disciplines (Market, Credit, Operational, etc.), particularly in early-stage planning.
• Provide technical leadership on risk analysis—you will be measuring and managing risk, not delegating it.
• Coordinate and manage risk workstreams during acquisition integration from due diligence to delivery.
• Lead the Risk Change Portfolio Focus Group to ensure prioritisation and alignment with strategic objectives.
• Report on risk activities and project progress to executive committees and senior leadership.
• Ensure change initiatives follow robust governance, documentation, and regulatory compliance protocols.
• Support ongoing process improvement and risk management practices within the department.
• Engage with internal stakeholders and external regulators to ensure smooth transitions into BAU.

Candidate Profile:

• 5+ years of experience in Market Risk / Risk Change within financial services.
• Proven track record of leading risk efforts in large-scale transformation or M&A projects.
• Deep understanding of both financial and non-financial risk types, with the ability to work across risk divisions.
• Exceptional stakeholder engagement and communication skills, especially at the executive level.
• Comfortable working in a fast-paced, delivery-focused environment.
• Familiarity with tools such as Power BI or other data visualisation tools is a plus.
• Prior experience dealing with regulators and internal audit functions is beneficial.

Senior Market Risk Analyst – London (Mandarin Speaker)

Location: London

Salary: £60,000 £65,000 + Benefits

Job Type: Permanent, Full-Time

Are you a skilled market risk professional seeking a dynamic role within a global banking environment? We are working on behalf of a leading international financial institution to recruit a Senior Market Risk Analyst for their London-based operation.

This role offers a rare opportunity to work within a fast-paced treasury and market risk environment, contributing to the risk oversight of diverse financial products and supporting key strategic decisions. You’ll report directly to the Senior Market Risk Manager and play an instrumental part in enhancing the branch’s market risk reporting framework and analytics capability.

Key Responsibilities

• Monitor daily market risk exposures and ensure adherence to approved risk limits.
• Support risk infrastructure improvement and reporting enhancements.
• Contribute to risk model development including VaR and stress testing.
• Conduct qualitative and quantitative analysis on market, country, and counterparty credit risk.
• Liaise with internal stakeholders and support audit, regulatory, and reporting activities.
• Provide risk insights on structured transactions and valuations.
• Act as administrator for key risk and trading systems.

About You

• Educated to degree level in a quantitative, finance or accounting discipline.
• Strong experience in market risk within wholesale banking or treasury.
• Deep understanding of financial instruments including derivatives and structured products.
• Proficient in Excel; VBA and Bloomberg skills are highly desirable.
• Bilingual in English and Mandarin (spoken and written).
• Strong problem-solving skills, attention to detail, and team collaboration mindset.

Why Apply?

• Work in a high-impact role within an international banking group.
• Gain exposure to a wide range of products and risk types.
• Join a collaborative and culturally diverse team.
• Be at the forefront of market risk analytics and strategy.

Apply now to learn more about this exciting opportunity.

Senior Market Risk Analyst – London (Mandarin Speaker)

Location: London

Salary: £60,000 £65,000 + Benefits

Job Type: Permanent, Full-Time

Are you a skilled market risk professional seeking a dynamic role within a global banking environment? We are working on behalf of a leading international financial institution to recruit a Senior Market Risk Analyst for their London-based operation.

This role offers a rare opportunity to work within a fast-paced treasury and market risk environment, contributing to the risk oversight of diverse financial products and supporting key strategic decisions. You’ll report directly to the Senior Market Risk Manager and play an instrumental part in enhancing the branch’s market risk reporting framework and analytics capability.

Key Responsibilities

• Monitor daily market risk exposures and ensure adherence to approved risk limits.
• Support risk infrastructure improvement and reporting enhancements.
• Contribute to risk model development including VaR and stress testing.
• Conduct qualitative and quantitative analysis on market, country, and counterparty credit risk.
• Liaise with internal stakeholders and support audit, regulatory, and reporting activities.
• Provide risk insights on structured transactions and valuations.
• Act as administrator for key risk and trading systems.

About You

• Educated to degree level in a quantitative, finance or accounting discipline.
• Strong experience in market risk within wholesale banking or treasury.
• Deep understanding of financial instruments including derivatives and structured products.
• Proficient in Excel; VBA and Bloomberg skills are highly desirable.
• Bilingual in English and Mandarin (spoken and written).
• Strong problem-solving skills, attention to detail, and team collaboration mindset.

Why Apply?

• Work in a high-impact role within an international banking group.
• Gain exposure to a wide range of products and risk types.
• Join a collaborative and culturally diverse team.
• Be at the forefront of market risk analytics and strategy.

Apply now to learn more about this exciting opportunity.

• Working on projects to enhance the performance of Middle Office functions - including Market Risk and Trade Control - through process automation, improved data management and enhanced reporting.
• Conducting stress testing and scenario analysis at both aggregated and strategy-specific levels, using cloud data platforms to model, process and store stress test results.
• Analysing physical and financial positions to ensure alignment with Eni's risk framework, leveraging cloud data platforms for effective dataset storage and management.
• Preparing and reviewing daily P&L and risk reports, integrating cloud data solutions to streamline reporting processes.
• Monitoring key risk metrics (VaR, stress testing, Greeks) and implementing data-driven improvements using Power BI for enhanced reporting and visualization.
• Leveraging tools such as Databricks, Power BI and Power Automate workflows to build dashboards and improve reporting efficiency across functions, including Market Risk and Trade Control.
• Collaborating with IT to develop and enhance risk reporting activities within our ETRM system.
• Working with internal stakeholders to deliver timely and accurate data insights and risk reports.

• University degree in a numerate discipline (e.g., Economics, Mathematics, Computing, Finance, Pure Science, Engineering).
• Proven track record of working on data-related projects within a trading or risk management function, preferably in the energy sector.
• Proficient in Python, VBA, and SQL.
• Good knowledge of market risk metrics (VaR, stress testing, scenario analysis) and product control.
• Strong communication skills, with the ability to present complex data and risk concepts clearly and concisely to stakeholders and senior management.
• Analytical mindset with high attention to detail and the ability to work under tight deadlines.
• Fluent in English.

• Impactful Work : Join a team that plays a crucial role in Eni's Net Zero 2050 strategy, benefiting from Eni's strong trading position and global integration.
• Collaborative Culture : Experience a truly multicultural, supportive, and dynamic work environment.
• Career Growth : Rapid learning opportunities with potential for movement across teams and international roles.
• Work-Life Balance : Enjoy a balanced lifestyle with a comprehensive benefits package that may include health, well-being, and flexible working options.

• Applications are only accepted through our online application system.
• Please upload your CV in English .