Market Risk Analyst

About ENGIE and Supply & Energy Management:

ENGIE, a global leader in low-carbon energy and services, relies on its Global Business Unit Supply & Energy Management (GBU S&EM) to provide reliable, sustainable, and affordable energy to all its customers. This strategic unit optimizes the Group’s and clients’ production assets and designs tailored energy solutions for our 200,000 professional clients and 15 million consumers.

The Global Business Unit Supply & Energy Management leverages ENGIE’s assets to deliver secure and sustainable energy to its B2B and B2C customers. It uses its expertise in energy management to provide decarbonized electricity 24/7.

Joining Supply & Energy Management means becoming part of a team of over 10,000 passionate experts spread across 20 countries, all united by a shared mission: shaping a greener and more efficient energy future. Together, we push the boundaries of innovation to deliver decarbonized energy 24/7. Join us and be part of those shaping the energy of tomorrow!

Context:

Within S&EM, the Risk Expertise Center’s (EC Risk) purpose is to, on one hand, advise and help the Business Platforms in optimizing their activities making sure it respects all the rules and limits, and on the other hand, to manage, monitor and control the risks that S&EM facing globally in its commercial and energy management activities.

Operating within S&EM, the Engie Global Markets entity (EGM) plays a pivotal role delivering risk management services for Engie Business Units, developing its own commercial franchise and providing a centralized access to the Commodity Market for other S&EM entities. As such, it is operating under a regulated framework and is regularly audited by ACPR (French prudential supervisory authority).

In the context of its re-organization and following the conclusion of the latest ACPR Audit, a new Market Risk team has been created within the EC Risk with the general objectives to strengthen governance and processes around EGM together with allocating the appropriate level of resources to comply with regulated standards

Within the EC Risk, the EGM Market Risk Team is dedicated to the monitoring of EGM activities ensuring the compliance with regulated standards. The team is in charge of:

• Building risk frameworks aligned with EGM strategy.
• Providing comprehensive risk views and implement risk frameworks.
• Delivering regular risk analysis reports and suggest action plans.
• Reviewing and adjusting risk assessment frameworks.
• Ensuring adequacy with capital requirements
• Maintaining efficient relationships with supervision bodies (ACPR, external and internal auditors).
• Providing risk support to other Global Business Units of Engie

As senior market risk analyst, you will be reporting to the head of Market Risk EGM within a team of 4 collaborators.

On a daily basis, you will:

• Produce, certify and analyze the different risk indicators of EGM while monitoring and reporting the breaches,
• Produce detailed analysis on exposures evolutions,
• Adress limits extension

As a senior market risk, you will be expected to:

• Participate to new product validation,
• Elaborate and develop tactical tools allowing a relevant and continuous improvement of risk metrics
• Interact proactively with the different risk teams to ensure adequacy between risk models and risk metrics (Risk Methodology team, Risk Analytics, Capital performance, Group Risk Control…)
• Participate actively to EGM market risk mandate building

You will work in an international environment, within a an experts community which values excellence, impact and collective action

• Must have:
• Strong understanding of financial derivatives,
• Strong understanding of risk metrics (VaR , Stress Tests,…)
• Proficiency in risk assessment modelling
• Ability to code in Python

Nice to have:

• Knowledgeable in regulatory requirements and best practises
• Knowledge of energy markets
• Excellent communication skills, both written and verbally
• Effective problem solving abilities
• High integrity and ethical conduct
• Team player

Education and professional background:

• Above 4 years of relevant experience in a market risk position, with strong track record on model user experience (ideally in a trading or…