343 Risk Analysis jobs in the United Kingdom

WHJS1_UKTJ

I am keen to speak with, Market Risk Specialists who are keen to take on a exciting challenge with an Investment Bank, in the middle east. This is a 6 month contract which will require you to work onsite in the middle east. Client and exact location to be discussed.

The Investment bank are implementing a new Securities Trading System and they require a Market Risk Specialist to define system specifications, design and build risk reports, establish a robust limit structure, conduct comprehensive testing, and document procedures, acting as the leading authority with minimal reliance on in-house input. As a key member of a cross-functional project team under overall project management, the Market Risk Expert will drive the project through design, build, testing, and go-live phases, ensuring alignment with business objectives and regulatory requirements. The role reports directly to the Head of Risk and the COO, who is leading the project.

Responsibilities include:

• Independently define detailed system requirements and specifications for the proprietary trading system, collaborating with the trader, IT, and other stakeholders with limited in-house expertise.
• Enhance and update the banks existing market risk governance structures, including escalation committees, model governance protocols, and clear ownership for limit monitoring, breaches, and remediation.
• Develop and implement risk reports, models, and tools to monitor traded and non-trade market risk exposures, including but not limited to; Value-at-Risk (VaR), sensitivity analysis, and portfolio stress tests, with minimal guidance from the organization.
• Design and execute backtesting models to validate VaR and other model outputs, ensuring regulatory compliance with Basel backtesting standards and regulatory requirements
• Ensure risk reporting supports regulatory capital computation and attribution, aligned with Basel II and Basel III FRTB standards
• Design and implement limit frameworks with dynamic calibration logic to ensure limits remain risk-sensitive and adaptive to portfolio composition, market volatility, and liquidity conditions, including monitoring tools that automatically adjust or flag limits as market conditions evolve
• Independently develop and validate severe but plausible market risk scenarios, aligned with regulatory expectations under CBO Circular BM-1200, and integrate these into capital and risk reporting
• Develop capital allocation models compliant with Basel II and Central Bank regulations for market risk capital and Basel III FRTB standards, including standardised and internal models approaches as appropriate.
• Lead the design and integration of market risk components into the ICAAP framework, ensuring alignment of risk quantification, capital planning, stress testing, and governance with regulatory expectations.

Requirements

• Minimum of 7-10 years of experience in market risk management within proprietary trading or investment banking environments, with a focus on bonds and equities.
• Essential : Clear, proven track record of successfully delivering similar trading system implementation projects (e.g., risk management system upgrades or new system deployments) at a previous organization, with demonstrable outcomes, achieved independently as the primary expert.
• Extensive experience in autonomously designing risk frameworks, writing risk policies, devising testing protocols, and conducting stress tests for prop trading.
• Familiarity with trading systems (e.g., Bloomberg, Murex, Calypso, or similar) and their risk management modules.
• Strong understanding of risk metrics (VaR, Greeks, stress testing) and financial instruments (bonds, equities)
• Expertise in system testing methodologies and tools, with the ability to design tests from scratch.

Benefits

1000p.d. Outside IR35.

Flights provided.

Entity:

Job Family Group:

Job Description:

Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner!

Trading & Shipping (T&S) is BP's face to the traded markets for BP in oil, gas, power, chemicals and finance. T&S's role is to enhance Group value through distinctive supply, commodity trading, risk management and information technology skills underpinned by an elite finance, control and compliance infrastructure. T&S has a dynamic and highly skilled workforce, which brings value by combining analysis and commercial innovation with the material asset base of BP.

T&S fosters a diverse and inclusive work environment for all employees. We are proud of our stance on fairness, equal opportunity and meritocracy, which focuses on all of our employees reaching their full potential.

Role synopsis   

This role sits within the Gas and Power Trading International (GPTI) Commodity Risk team, within BP’s supply and trading business and is a key control position within the Commodity Risk and T&S Finance organization. This role is accountable for providing deep business understanding on risk measurement and control through development and maintenance of robust measurement models, analysis of market conditions and trading positions, and interpretation and improvement of risk and control policies and procedures. This role holds the primary interface into the trading team for trading activity and requires balancing independence with a business enabling partnership. This position requires substantial knowledge of the activities within Commodity Risk Analytics to meet the team’s core accountability of delivering independent analysis and reporting.

Key accountabilities;   

Under the direct supervision of the Head of Commodity Risk, GPTI, you will:

• Own and drive modernization of MVaR and Stress processes
• Improve and develop market risk measurement models and methodologies
• Daily MVaR, Exposures, and Stress Tests: Provide explanation of why these numbers have changed, and interact with Front-Office in understanding the trading strategies underpinning the risk that is being measured
• Deliver timely, rigorous, and accurate reporting and analytics that provide insight into risks of T&S’s business activities to support business decision making and strengthen the control environment.
• Monthly calculation on NPVaR and quarterly calculation of NOI: Execution of model, explanation of drivers, and interacting with colleagues to understand the trading strategies relating to the risk.
• Provide market risk input required as part of the process through which new activities and projects considered by the Front Office are being evaluated and approved by GPTI
• Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
• Work daily with Finance Analytics.
• Interpret T&S’s MTM and market risk policies and ensuring their applications in GPTI.

Essential education   

A University degree or equivalent experience in a quantitative subject area is a requirement. Advanced qualification in finance, economics, mathematics, science, engineering, etc. is highly desirable. In addition, a professional qualification in financial analysis (i.e. CFA), risk management (i.e. FRM, ERP, or PRM), business or operations research is an advantage.

• Strong analytical skills including the ability to understand and communicate sophisticated transactions with embedded optionality as well as assessing the market risk impact of those transactions on an existing portfolio
• Strong numeracy and advanced Excel or Python skills, ability to develop valuation and risk models for wide range of derivatives
• Understand the basic principles of market risk measurement and control as well as familiarity of the alternative methods available to calculate value-at-risk, define appropriate risk factors, account for non- linear instruments,etc.;
• Be familiar with the practical difficulties/limitations of MVaR and other risk measures (volumetric limits, Greeks, etc) either through working in the middle office or a front office role;
• Understands the need for a robust risk management framework in a trading environment. Will know how risk limits should be set and controlled in order to ensure that the organization only takes the risks it is comfortable with;
• Possess a good understanding of the fundamentals of energy trading, including extensive familiarity with derivatives and other trading instruments.
• Wide knowledge of European gas, power and LNG markets and various instruments
• Ability to deploy a variety of communication styles according to the situation and communicate effectively with partners and peers
• Attention to detail and ability to work within a very deadline orientated environment

Desirable criteria & qualifications

• Solid understanding of global gas and power market drivers, physical assets, and fundamentals
• Validated experience preferably in LNG or Gas/Power Europe Product Control, Market Risk, or Trading roles
• Professional qualifications in financial analysis, risk management, accounting, or equivalent areas
• Relevant market risk, middle office, or trading experience, acquired working either within BP or at a firm in a related field (energy trading firm, financial institution, etc.).
• Must be a great teammate able to operate within a complex and dynamic trading business. In addition, they must possess the interpersonal, communication and decision-making skills and sound commercial judgment to build credible relationships across T&S.

Management and Interaction Skills:

• The successful candidate will be very articulate and able to communicate complex issues to non-specialists in a concise and clear manner; and use their credibility and integrity to acquire support from the people they connect with.

Performance Drive:

• Demonstrates a strong focus on delivering solutions in a timely and effective manner with minimum guidance or supervision;
• Exercises judgment and make sound decisions in the face of incomplete data with varying degrees of risk; and
• Knows how to effectively and efficiently handle a variety of tasks, set priorities and measure and anticipate problems in order to accomplish specific priorities, goals and results.

Additional Information

At bp, we provide the following environment and benefits to you:

• A company culture where we respect our diverse and unified teams, where we are proud of our achievements and where fun and the attitude of giving back to our environment are highly valued

• Possibility to join our social communities and networks

• Learning opportunities and other development opportunities to craft your career path

• Life and health insurance, medical care package

• And many other benefits.

We are an equal opportunity employer and value diversity at our company. We do not discriminate based on race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, perform crucial job functions, and receive other benefits and privileges of employment. Don’t hesitate to get in touch with us to request any accommodations.

Travel Requirement

Relocation Assistance:

Remote Type:

Skills:

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us .

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

Market Risk BI Developer
Snowflake & Power BI
Hybrid - 3 Days p/w in London
Competitive Salary + Benefits + Bonus
?
Deerfoot is partnering with a leading international banking group to hire a Market Risk BI Developer who will design and implement advanced data solutions using Snowflake and Power BI . This role works closely with risk managers and business stakeholders to build scalable analytics.

WHJS1_UKTJ

• Design, develop, and validate cutting-edge quantitative models for pricing complex derivatives, calculating Value-at-Risk (VaR), Expected Shortfall (ES), and other risk metrics.
• Implement and test quantitative models using programming languages such as Python, R, or C++, ensuring accuracy, efficiency, and scalability.
• Collaborate closely with trading desks, risk managers, and front-office teams to understand their needs and provide quantitative insights into market risks.
• Perform back-testing and sensitivity analysis of existing models to ensure their continued relevance and accuracy in evolving market conditions.
• Contribute to the development and enhancement of the firm's risk systems and infrastructure.
• Prepare comprehensive reports and presentations for senior management, regulatory bodies, and internal stakeholders, clearly articulating complex quantitative concepts.
• Stay abreast of the latest developments in financial markets, quantitative finance, and regulatory requirements.
• Mentor junior analysts, providing technical guidance and support.
• Contribute to the ongoing enhancement of data quality and management processes relevant to risk modeling.
• Engage in cross-functional projects related to new product development and risk strategy.

• Master's or Ph.D. in a quantitative field such as Mathematics, Statistics, Physics, Financial Engineering, or a related discipline.
• A minimum of 5 years of experience in a quantitative role within investment banking, asset management, or a hedge fund, with a strong focus on market risk.
• Demonstrated expertise in stochastic calculus, time series analysis, econometrics, and numerical methods.
• Proficiency in programming languages commonly used in quantitative finance, such as Python (NumPy, SciPy, Pandas), R, or C++.
• Experience with derivative pricing models (e.g., Black-Scholes, HJM, LMM) and risk measurement techniques (VaR, ES).
• Strong understanding of financial markets, instruments (equities, fixed income, FX, commodities, derivatives), and trading strategies.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex quantitative concepts effectively to both technical and non-technical audiences.
• Familiarity with risk management frameworks and regulatory guidelines (e.g., Basel III/IV).
• Experience with SQL and database management is a plus.

• Analyze and quantify market risk exposures arising from interest rate, foreign exchange, equity, and commodity positions.
• Develop, implement, and maintain market risk models, including VaR (Value at Risk) and stress testing methodologies.
• Monitor risk limits and investigate breaches, escalating issues as necessary.
• Prepare comprehensive market risk reports for senior management, regulatory bodies, and internal stakeholders.
• Conduct deep-dive analysis on specific risk factors and their potential impact on the firm's P&L.
• Collaborate with trading desks, finance, and IT teams to ensure accurate data capture and risk assessment.
• Contribute to the enhancement of risk management systems and processes in a remote working environment.
• Stay current with market developments, regulatory changes, and best practices in market risk management.
• Provide training and guidance to junior analysts within the risk team.
• Participate in ad-hoc risk projects and initiatives as required.

• Master's degree or Ph.D. in Finance, Economics, Mathematics, Statistics, or a related quantitative discipline.
• Minimum of 5 years of experience in market risk management, trading, or a related quantitative finance role.
• Strong understanding of financial instruments, derivatives, and market dynamics.
• Proficiency in risk modeling techniques (VaR, Expected Shortfall, scenario analysis).
• Advanced knowledge of statistical software and programming languages (e.g., R, Python, SQL).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and presentation skills, with the ability to explain complex risk concepts clearly.
• Proven ability to work independently, manage priorities, and deliver results in a fully remote setting.
• Familiarity with regulatory frameworks such as Basel III/IV is a plus.