587 Risk Analyst 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 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 .

• Producing, reviewing and distributing daily PNL and risk reports and following up on any issues with relevant teams;
• Analysing the P&L by trading strategy and by P&L drivers (commodity market moves/ FX/IR/option greeks);
• Ensuring that all risk limits are adhered to and dealing with any mitigating actions following the breach of such limits (e.g. monitoring the unwinding of the related positions), as well as assisting with the implementation of new limits/reallocating existing ones when necessary;
• Identifying significant risk drivers within the business, ensuring transparency with senior management;
• Maintaining a strong knowledge of current Power, Emissions and LNG market signposts and trends;
• Supporting Front Office in new products and non-standard products approvals;
• Participating in the enhancement and development of ETRM systems and reporting platforms;
• Defining forward curves methodologies for accurate mark to market and fair value reporting;
• Contributing to the month/quarter/year-end closing and reconciliation activities with Back Office/Accounting teams;
• Guaranteeing compliance of trading procedures with relevant controls and supporting internal and external audit requests;
• Supporting other Market Risk teams if/when required.

• University degree in Economics, Finance, Statistics, Mathematics, Physics or Engineering disciplines;
• Strong experience in a market risk in trading companies or banks;
• Strong knowledge of derivatives trading;
• Strong knowledge of the LNG, Power and Emissions markets and their main dynamics;
• Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis;
• Strong Excel and VBA skills, knowledge of Python/Matlab/SQL is an advantage;
• Knowledge of one or more ETRM systems would be an advantage;
• Highly organised with good attention to detail and a results-oriented approach;
• Strong communication and interpersonal skills, able to build effective relationships across the business;
• Strong analytical and numerical skills.

• Preparing and reviewing daily P&L, position and risk reports; monitoring limits; and proactively resolving any issues in coordination with the relevant teams.
• Assisting in identifying significant risks within the business and ensuring they are transparent to senior management.
• Keeping up to date with the current crude oil market.
• Supporting the Front Office in the approval of new and non-standard products.
• Participating in reporting enhancements and the development of reporting systems.
• Assisting in defining forward curve methodologies for accurate mark-to-market and fair value reporting.
• Contributing to month-end and quarter-end activities in collaboration with Back Office and Accounting.
• Developing and maintaining strong business relationships with various functions, e.g., Front Office, Back Office, IT and Planning & Control.

• University degree in Economics, Finance and/or related disciplines.
• Relevant experience in a market risk role within commodity trading companies or banks.
• Good understanding of crude oil products and shipping markets.
• Advanced understanding of pricing and hedging of physical activities using various derivative instruments (futures, swaps, options, etc.).
• Strong knowledge of risk metrics such as VaR, stress testing and scenario analysis.
• Familiarity with one or more ETRM systems is an advantage (e.g., Endur, Symphony Freight).
• Solid knowledge of the MS Office suite, including excellent Excel and VBA skills; knowledge of Python, Power BI, MATLAB and SQL is a plus.
• Ability to communicate concisely with senior management in Market Risk and with stakeholders.
• Highly organized, with strong attention to detail and the ability to work under tight deadlines.
• Analytical mindset and strong numerical skills.
• Full command of the English language, both spoken and written.

• 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 .

Counterparty Risk Analyst | Financial Services | London | Hybrid

Our client, a leading player in the Investment Banking industry, is seeking an experienced Risk Analyst to join their Risk Systems Operations team. This role focuses on supporting market and counterparty risk applications and ensuring smooth production services.

Key Details:

• Location: London (50% onsite)
• Work Pattern: Hybrid – 2 to 3 days per week in the office
• Industry: Investment Banking
• Contract Type: Contract

Key Responsibilities:

• Provide second and third-line support for risk applications
• Perform data and functional analysis to resolve system issues
• Deliver risk analysis and support stress testing
• Collaborate with stakeholders across IT and business teams
• Drive process improvements and contribute to agile delivery

Requirements:

• Strong experience in Data Analysis within financial services
• Expertise in market or counterparty risk
• Technical skills with SQL and Python
• Data Visualisation skills with PowerBI, other Automation and Metrics knowledge handy.
• Proficiency with tools like Jira, Confluence, Excel, and SharePoint
• Familiarity with Agile, DevOps, and Site Reliability Engineering
• Excellent communication and stakeholder management skills