Senior Credit Risk Analyst

Job type:             Permanent

Location:             West Midlands

Salary:                 £35,000 - £40,000 plus company benefits

A large energy trading business in the West Midlands is expanding their Credit Risk department and is looking to hire an experienced Credit Risk Analyst to drive innovation and continuous improvement in their decision making capabilities, analysis and reporting.

You will play a key role in the growth of the department and business customer base as a whole becoming involved in Credit Risk strategy management, statistical model development, macro-economic analysis and implementation of new credit risk capabilities.

Key responsibilities:

  • Monitor and evaluate the performance of individual policy rules, cut-offs, scorecards and champion challenger tests, initiating proposals where necessary to roll-out existing challengers or to implement new challengers.
  • Monitor operational drivers of credit risk performance, initiating proposals where necessary to optimise the balance between manual and automated decisioning.
  • Develop and maintain the production of regular MI to support the monitoring and evaluation of credit risk KPIs, key drivers and performance of credit risk strategies.
  • Develop and maintain the production of credit loss forecasts.
  • Identify the need to change; credit strategies, systems functionality, operational processes and data acquisition and deployment (through data analytics and through discussion with colleagues and suppliers).
  • Develop proposals, based largely upon data analytics to model the long term value of the change
  • Estimating and delivering credit loss assumptions for input into proposals initiated by other areas of the business (e.g., product development proposals, marketing campaign proposals).
  • The design and maintenance of data tables in warehouses and marts to maximise their re-use potential across disparate analytics projects, minimising analytics turnaround times and maximising productive capacity.
  • Work with internal colleagues and with suppliers to; define requirements, procure, build, test and implement new credit risk capabilities such as new data sources, new scores, new systems and operational processes.

Ideal skill sets and experience required:

  • Strong academic background with a numerical/statistical/science based degree.
  • Detailed knowledge of Credit risk regulation, governance and compliance.
  • Risk acquisition, capital impairment or portfolio risk experience ideal.
  • MI report production and development experience.
  • Experience with SAS analytics and SQL programming.
  • Macro-economic analysis and statistical model development experience ideal.
  • Experience in the domestic energy retail sector highly advantageous.

Please apply to info@connectresourcing.com quoting ref:2111



Trading & Fundamentals Analyst - Commodity markets

Job type:             Permanent

Location:             commutable from Bristol, Cardiff, Gloucester

Salary:                 up to £35,000 plus company benefits

A commercially focused energy business is seeking to hire an experienced energy analyst to work in a small team focused on improving the profitability of the trading and hedging activities of the company.

You will need to be highly numerate with excellent analytical skills and have working experience in an energy commodity trading, risk or pricing environment within a UK energy business.

You must be driven by what seems an intimidating challenge with a high learning curve, resilient in the face of failure and be able to self-evaluate and reflect on these learnings with others.

My client's offices are easily commutable from the Bristol, Cardiff, Gloucester areas.

Key responsibilities:

  • Run and continuously improve existing price forecasting, models, databases and methodology.
  • Monitor and assess market and regulatory developments including news reports and the review and challenge external consultant forecasts.
  • Maintain and regularly review market data and input assumptions.
  • Produce outturn price forecast and scenarios, and provide expert insight for optimisation, hedging, budgeting and investment/business development decisions.
  • Analyse and produce regular reports including assessments of forecasting accuracy and sources of variance.
  • Presentation of results to stakeholders, including senior management and investors.

Ideal skill sets and experience required:

  • Strong academic background with a numerical/analytical degree.
  • Be highly numerate with strong analytical skills.
  • Excellent IT skills, including spreadsheet skills, and preferably, database skills and programming skills.
  • Excellent understanding of UK electricity market and relevant commodity markets and the fundamental drivers which shape them.
  • Have excellent oral and written communication skills including the ability to communicate complex issues in a clear, concise and coherent manner and understand the differing agendas and drivers of the audience.
  • Knowledge of interconnected power markets and trading practices ideal.
  • Ability to perform fundamental market analysis using principles of economic theory.

Please apply to info@connectresourcing.com quoting ref:2069


Senior Pricing Optimisation Analyst

Job type:             Permanent

Location:             Leicester

Salary:                 £35,000 - £45,000 dependent on experience

Working for this commercial energy business in Leicester, the Senior Pricing Optimisation Analyst will have end to end ownership of the management of costing and price optimisation models and processes along with accurate and timely delivery of requisite files and price books. Team management, mentoring junior analysts and building relationships with senior management and key business partners are also critical responsibilities.

A very challenging position, the key objective will be to ensure that price levels are optimised to achieve stated business objectives as defined by the plan, forecast or agreed benchmarks.

Key responsibilities:

  • End to end ownership of the costing processes including any methodological considerations which impact the price levels.
  • Manage analytical models to develop the understanding of the impacts that price changes and differing pricing structures have on customer behaviour and P&L performance.
  • Feed pricing and costing considerations into the financial forecasting / planning process.
  • Ensure optimum price levels are set and maintained across channels, fuel types and product types, to enable the business to achieve its target margin.
  • Review, own and manage the profitability of products, pricing initiatives and promotions for customer’s businesses.
  • Analysing and articulating the results from tests or deep dives into pricing initiatives or strategies, to improve the overall commercial performance or pricing strategy for the business.
  • Ensuring appropriate governance, controls and reporting are in place for all key processes.
  • Manage staff in line with organisation values and policies, mentoring other junior members of the team to improve overall knowledge sharing and cross team working.
  • Build effective relationships with key business partners, working closely with other Commercial and Sales teams to develop & implement price or promotion changes.
Ideal Education and Experience:
  • Strong academic background with a mathematical, statistical or energy related degree.
  • Experience in a pricing/commercial role for a UK energy business is essential.
  • Knowledge of energy market processes, pricing, forecasting and governance.
  • Good understanding of the commercial aims and objectives for a large energy business.
  • Excellent analytical skill sets including advanced experience in Excel and preferably SQL.
  • Staff managements experience able to proactively manage own workload simultaneously.

Please apply to info@connectresourcing.com quoting ref:2083



Senior Structuring Analyst - Excellent Growth Opportunity

Job type:             Permanent

Location:             Central London

Salary:                 up to £40,000 plus company benefits

A fast growing energy retail business in central London is looking to bring on board an experienced Energy Analyst for a senior role within their commercial team, whose primary responsibility will be managing the pricing, reporting and analysis of the UK gas and electricity supply portfolios.

A fantastic opportunity to take a lead position and develop your career in a very hands on role, gaining exposure to core business functions and supporting the growth of this already highly successful business.

The role has been created to support the next phase of growth for my client and offers a fantastic opportunity for the right candidate.

Key responsibilities:

  • Create and deliver the long term residential pricing strategy.
  • Manage the price position for all channels, making recommendations that support core business objectives.
  • Collect, manipulate and analyse a wide range of input data from internal and external sources.
  • Build and develop models that deliver meaningful insight.
  • Influence, challenge and manage core stakeholders.
  • Mentor and support junior members of the team.

Ideal skill sets and experience required:

  • Strong academic background within a numerical/business discipline.
  • Experience in the UK energy industry in a financial or commercial function, residential energy pricing experience would be ideal.
  • Analytical, proactive, disciplined and keen to take on responsibility.
  • Excellent communication skills both verbal and written.
  • Happy working under pressure to tight deadlines.
  • Confident working independently and under pressure.
  • Extensive Excel/VBA experience and knowledge of SQL (or SAS a distinct advantage)

Please apply to info@connectresourcing.com quoting ref:2091


Risk Analyst - Renewable Energy (VaR, Volatility, Correlation)

Job type:             Permanent

Location:             London

Salary:                 up to £45,000 plus excellent company benefits

A leading energy company in London has a fantastic opportunity for an experienced energy analyst to join their Risk department collaborating across the business providing enhanced risk measurement.

The Risk Analyst represents the Risk team as a subject matter expert and as such will be required to work on key components and products such as reporting on and modelling VaR, volatility, electricity trading and balancing, IR, options, price simulations, etc.

Independently investigating and solving varied complex energy risk problems will be a core responsibility of this role so the successful candidate will have existing knowledge of energy market trading and products, and standard risk topics (volatility, correlation, VaR) experience gained from within a similar role working for a UK energy trading/supply business.

Key responsibilities:

  • Monitor and report on the various traded and non-traded positions held by the company and monitor and report on risk limits
  • Create, enhance and validate risk and valuation tools and models
  • Enhance risk measurement methodologies, this includes limit structures, VaR measurements, forward curves, stress testing and component analysis.
  • Develop new risk reporting templates and functionality fit for new business requirements, including testing, documentation and cross training of other members of the Trading Risk team.
  • Fully document models and process for purposes of cross training and audit.
  • Undertake ad-hoc analysis based projects to meet the needs of the business.
  • Support company-wide projects as a risk expert.
  • Support other members of the Risk team and work to improve skills levels across the Risk group.

Ideal Education and Experience:

  • Strong academic background, ideally with an energy/economics/numerical degree.
  • Experience in a Risk/Pricing/Trading role for a UK energy business.
  • Knowledge of GB Power trading (products, market, etc.) and standard risk topics (volatility, correlation, VaR).
  • Excellent communication skills with confidence to challenge traders.
  • Advanced Excel (lookups, pivot tables); VBA and SQL preferred.
Please apply to info@connectresourcing.com quoting ref:2081


Risk Analyst - Commodity Trading

Job type:             Permanent

Location:             London

Salary:                 up to £35,000 plus bonus and benefits

Working for this commodity trader in central London the Risk Analyst plays a key role in delivering the business plan in the areas of Operational, Market, Credit and Liquidity Risk.

The ideal candidate will have experience in a similar role for a large commodity trader in the UK, Market and Operational Risk process knowledge, strong business analysis skill sets and an understanding of risk calculation methodologies for linear and non-linear instruments (VaR, back-testing, portfolio stress testing, and sensitivity analysis)

Key responsibilities will include:

  • Ensure daily reporting and commentary is provided to management on our Proprietary positions and hedging positions
  • Develop a strong understanding of the Market risk and Liquidity risk areas including linear and nonlinear products, methodology, analysis and reporting
  • Contribute to the design, IT requirements, creation and maintenance of Market and Liquidity Risk reports, methodology and extraction of data from internal and external systems.
  • Produce, maintain and update documentation on Risk team procedures and methodology
  • Contribute to and identify process/systems improvements within the Risk team and the wider business
  • Assist the Head of Risk in formulating new Operational Risk assessment methodology and policies

Ideal qualifications, skill sets and experience:

  • Strong academic background with a numerate/quantitative degree
  • Good understanding of risk calculation methodologies for linear and non-linear instruments including: VaR, back-testing, portfolio stress testing, and sensitivity analysis
  • A desire to develop commercial experience in a Commodity Sales & Trading environment
  • Strong analytical and mathematical skills
  • Strong IT software skills (such as excel/VBA) and programming languages
  • Ability to display initiative, be self-motivated, and have a confident manner and ambitious outlook
  • A strong interest in commodities and a desire to develop commercial experience in a Commodity Sales & Trading environment
Please apply to info@connectresourcing.com quoting ref:2080


Commercial Energy Analyst - Power exposure

Job type:             Permanent

Location:             South of London

Salary:                 £25,000 - £35,000 based on experience

Working for this multinational energy business, the Commercial Reporting Analyst will assist the team that produces and analyses various data relating to Customer and Procurement activity to aid decision-making and help reduce balancing costs.

The successful candidate will have previous commercial experience from within the UK electricity/power industry, a strong analytical skill set, previous project management experience and articulate communication skills able to communicate technical arguments to non-technical audiences.

Key responsibilities will include:

  • Daily production and validation of reports meeting Sarbanes Oxley & internal audit requirements.
  • Development of long term demand forecasting methodologies.
  • Reporting on forecast performance and performing analysis which will further develop demand forecasting methodologies in order to improve the accuracy of demand forecasts.
  • Validating and reporting trades made between Procurement and Trading.
  • Evaluating and explaining movement in exposure Profit & Loss.
  • Analysing the forward hedging / buying performance.
  • Creation and development of financial valuation models.
  • Assisting other teams when required providing a high level of service every time.
Ideal qualifications, skill sets and experience:
  • Degree in a numerate/analytical discipline e.g. Economics, Statistics, Computer Science.
  • Previous commercial experience ideally within the UK energy industry.
  • Strong analytical ability.
  • Strong communication skills; ability to communicate technical arguments to non-technical audiences.
  • Previous project lead/management experience (desirable but not essential)
  • Good knowledge of Microsoft applications, in particular Excel and Access.
  • Knowledge of SQL ideal.
Please apply to info@connectresourcing.com quoting ref:2052


Energy Trading Analyst

Job type:             Permanent

Location:             Yorkshire (Doncaster, Leeds, Selby, Hull, York)

Salary:                up to £45,000 plus bonus and benefits

Working for this energy business in the North Yorkshire area, the Trading Analyst holds a key focus on supporting power and gas trading decisions, supporting the Lead Trading Analyst in the development and maintenance of trading decision and valuation tools.

(My client’s offices are commutable from York, Hull, Doncaster, Selby, Leeds and surrounds)

Key responsibilities will include:

  • Providing forward-looking fundamental analysis, with a particular emphasis on power and gas.
  • Developing and maintaining fundamental models to support trading decisions.
  • Reviewing and learning from the performance of past analysis.
  • Maintain and develop pricing tools and trading-decision models; including generation marginal cost models, option pricing, back-testing, simulation models etc.
  • Actively engaging in the discussion of trading strategies, providing challenging views to help drive trading tactics.
  • Collaborate actively with IT and relevant support functions to ensure the integrity of models and databases.
  • Providing market and competitor intelligence.
  • Provide ad-hoc market information upon request from key stakeholders.
  • Identify areas for potential added value.

Ideal qualifications, skill sets and experience:

  • Prior experience in an analytical/market facing role within the wholesale energy industry.
  • Educated to degree level in a highly numerate subject (science, maths, economics, engineering).
  • Knowledge of the UK and continental power and gas markets.
  • Broad understanding of the dynamics of power generation units, ideal.
  • Solid understanding of statistical and fundamental modelling and IT technologies (SQL, VBA, Excel).
  • Excellent communication skills (written and verbal).
  • Results orientated and able to perform to tight deadlines.

Please apply to info@connectresourcing.com quoting ref:2074



Energy Trading Analyst - Modelling and Programming (C++ or Python)

Job type:             Permanent

Location:             London or Milton Keynes

Salary:                 circa £45,000 plus bonus and benefits

This established, but ever expanding, energy supplier is part of a larger group of businesses providing electricity and gas to homes and business throughout the UK, Europe and overseas.

They are now looking to bring on board a highly numerical analyst familiar with complex data sets and skills in programming and modelling for their busy Supply & Trading team.

The Trading Analyst will be doing probabilistic and deterministic modelling for UK and European Power, Gas and Emissions markets with a focus on the short term trading horizon.

C++ and/or Python experience is highly sought after.

Key responsibilities will include:

  • Modelling UK gas and electricity flows from the continent to UK and vice versa.
  • Collating UK market fundamentals and analysing data on a day to day basis to make trading recommendations and developing dynamic trading strategies.
  • Working closely with Senior Energy Trader to make commercial decisions on a day-to-day basis, interacting with others in the Commercial team and wider business.
  • Handle complex data sets and develop solutions that are robust and can handle dynamic market fundamentals.

Ideal experience/knowledge required:

  • Strong academic background with numerical, economical, statistical degree.
  • Experience in a similar commercial role within a UK energy business.
  • Experienced Modeller using large data sets.
  • Programming experience in C++ and/or Python.
  • Highly creative with articulate communication skills.
  • Confident, independent work ethic, happy to assist other staff members and build the company.

Please apply to info@connectresourcing.com quoting ref: 2087


Senior Quantitative Modeller - Energy Trading

Job type:             Permanent

Location:             South West England

Salary:                 up to £42,000 base salary plus bonus and benefits

Seeking a Senior Quantitative Modeller to be responsible for both the provision of structuring and valuation input into the management of complex supply and export contracts and the development of risk models for this UK energy business.

The role will include modelling and bespoke valuation of pricing, hedging, and forecasting of the key complex market and system balancing risks facing the business, both on a portfolio wide and customer specific basis. Therefore the successful candidate will need strong IT programming language skills (MATLAB, C++, Python, VBA) and in depth understanding of energy valuation and risk analysis methods.

Key responsibilities will include:

  • Combine analytical techniques and commercial knowledge to deliver analysis, complex modelling and reporting to support strategy development, opportunity assessment and investment decisions.
  • Modelling and bespoke valuation of pricing, hedging, and forecasting of the key complex market and system balancing risks.
  • Modelling of operational risk, the credit risk modelling strategy, and providing ad-hoc modelling solutions.
  • To lead on a variety of analytical activities and to provide support and help develop the Analysts within the team.
  • Develop and maintain appropriate reporting and communication with counterparts across varoius departments.

Ideal qualifications, skill sets and experience:

  • A numerate first degree or equivalent (for example in Finance/Maths/Engineering) with preferably a higher degree (or equivalent) in a relevant discipline.
  • Experience in the UK/EU energy market environment would be highly advantageous.
  • The ability to demonstrate strong economic, market and financial analytical skills.
  • Strong IT programming language skills: MS Office suite (especially Excel), VB(A), C++, Matlab, statistical packages.
  • Have excellent theoretical knowledge of derivative instruments and practical experience in their applications and behavior. In depth understanding of valuation and risk analysis methods.
  • Demonstrate the ability to transform theoretical knowledge to practical, real-world situations.
  • Be results-oriented, able to meet tight deadlines and produce clear and concise feedback/reports to senior management.
  • Be able to cope in a high pressure environment.


Please apply to info@connectresourcing.com quoting ref: 2018


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