QUANTITATIVE MARKET RISK ANALYST

About the business   We are pursuing a transformative strategy agenda called “Positive Motion” which is all about greening our sources of revenue.
Within this context Trading competencies are essential to optimize the value from both legacy hydrocarbons and the future molecule flows.
It is Trading’s task to maximize value by growing and leveraging the platform.
We are actively looking for top talent to join the Middle Office Risk Management Team.
The team is involved in analyzing, managing, and preventing risks associated with the activities of CEPSA Trading, based on a deep understanding of the business, processes, and implemented procedures.
You´ll help us drive this exciting agenda by handling some of the largest market risks the company is exposed to.
The responsibilities we´ll trust you with   Risk Management Support.
Provide risk management support for all commodity lines, Crude, Products, Gas, Power, Emissions, Renewables, and FX businesses.
Demonstrate a deep knowledge of the physical markets for each commodity line.
Identify, measure, and aggregate market, credit and other financial risks.
Understand and measure risk through appropriate practices and processes.
Risk Evaluation and Mitigation.
Responsible for ensuring the accurate monitoring of market, credit, and operational risk at a consolidated level.
You'll coordinate the support and execution of a global platform to publish Trading P&L, Market & Credit exposure, VaR by desk, and produce a consolidated view for senior management reporting.
You'll ensure compliance with Market Risk limits for all Trading and other BUs.
Evaluate and mitigate enterprise and business exposures across CEPA Trading Identify key and emerging risks.
Assess alignment with the CEPSA´s risk strategy and appetite.
Financial Modeling.
Define and enhance Market Risk Metrics around VAR, Stress Testing, Drawdown, Volumetric Risk Measures etc.
Contribute to modeling financial risk, including cashflow/liquidity forecasting Define and enhance various Credit Risk Models and Metrics (including PFE, LGD, PDs, XVAs, Cost of Replacement, etc.) for all Trading activities.
Research and collect data relevant to stress testing and financial risk analysis.
Data Management and Analytics.
Properly store, manage, update, and document data sources according to CEPSA Group standards.
Merge multiple datasets and transform data for analytics.
Create univariate analyses to explore relationships within the data.
Model Calibration and Validation.
Conduct initial calibration of proprietary and off-the-shelf models used for pricing complex and structured deals.
Review model calibration throughout the life cycle of complex deals as market conditions change.
Back-test models for validation purposes.
Develop complex models, methodologies, libraries, and forward curves.
You'll help manage the maintenance and operation of the Price and Market Data Repository for the entire group (GDM).
Team Player   Support Crude, Products, Gas, Power, Emissions, Renewables, and FX businesses.
Provide cover during absences for Market Risk teams (e.
., daily reporting activities, price loads).
You'll monitor and coordinate efforts and methodologies to measure hedging effectiveness for different hedging programs within the group.
You'll spearhead the development of Market & Credit Risk-specific software and tools for trading (ETRM, proprietary databases and tools, specific algorithms, etc.) and other BUs.
You'll support the Front Office in implementing optimal Market/Credit Risk management solutions for each trade.
What are we looking for?   We are looking for someone who is motivated and achieves results, has good interpersonal skills, and thrives in fast-paced environments.
Basic Qualifications   At least 3 years’ experience in mid-office commodity trading organization or on a commodity trading team.
Numerate-background bachelor’s degree, e.
.
Math, Physics, Engineering or similar.
Confidently engage with stakeholders, effectively challenging traders on deals, valuations, positions, and limit mandates.
Ability to coach and mentor team members as well as members of other teams who require knowledge or skills that Risk can provide.
Fluency in English and Spanish.
Competencies.
Analytically inclined with high energy, approaching challenges strategically.
Collaborative team player thriving in a team-based environment.
Passionate about creating value in trading and financial markets.
Self-starter with superior analytical and problem-solving skills.
Effective planner and organizer, working towards ambitious targets.
An inclusive and rewarding place to work.
There has never been a more exciting time to work at CEPSA, where we prioritize a positive work environment, offer extensive benefits, and value diversity.
Our commitment to inclusivity is apparent through initiatives supporting people with disabilities, addressing, and actively closing gender gaps, and promoting equality regardless of sexual orientation or gender identity.
Additionally, CEPSA provides tremendous learning and development opportunities to craft your career path.
Join CEPSA for a workplace where your ideas matter, your skills grow, and your potential unfolds.