Market Risk Analyst

SOCAR Trading is seeking a Senior Market Risk Analyst to join our Market Risk team. You will play a key role in overseeing risk management across trading desks, with a focus on crude and refined products, while driving the development and enhancement of our market risk framework and capabilities.

• Lead market risk coverage for trading desks, ensuring robust risk oversight and challenge.
• Own and enhance risk methodologies and frameworks, including VaR, stress testing, scenario analysis, and limit structures.
• Provide independent risk challenge to trading strategies, positions, and new deal structures.
• Oversee daily risk reporting, ensuring accuracy, timeliness, and relevance for senior stakeholders.
• Drive development of analytical tools and models to improve risk transparency and decision-making.
• Lead key market risk initiatives, including data quality, liquidity assessment, valuation governance, and model validation.
• Partner closely with Front Office, Middle Office, and IT to enhance systems, automation, and ETRM usage.
• Contribute to strategic risk discussions, including portfolio optimization, capital allocation, and risk appetite definition.

Location: London

Education: MSc or higher in a quantitative discipline (Mathematics, Physics, Engineering, Computer Science, Financial Engineering, or similar).

Experience: 6–10 years in market risk within commodity trading, ideally with strong exposure to crude and refined products, or gas and LNG.

Technical Expertise:

• Deep understanding of market risk metrics (VaR, stress testing, sensitivities, Greeks)
• Strong grasp of P&L drivers, valuation, and risk decomposition
• Experience with ETRM systems

IT

Skills:

Proficiency in Python, SQL, Power

BI.

Languages: English required; additional languages are a plus.

Leadership &

Soft Skills:

• Strong stakeholder management and ability to challenge front office
• Excellent communication and presentation skills
• Proven ability to work independently and under pressure