Market Risk Manager

Job Description

• Act as Deputy to the Western Sales Market Risk Manager for the Western European Sales Division.
• Engage daily with regional subsidiaries, including operations and portfolio managers, sales teams, CFOs, and the Division Head, to assess the risks linked to sales activities and other operations.
• Collaborate with senior leadership to integrate risk considerations into daily decision-making and long-term strategy.
• Support the implementation of the Group’s risk framework and policies across local subsidiaries, ensuring alignment with Group standards.
• Monitor positions, oversee sales activities, track PnL, and analyze risk data to identify exposures and mitigate risks.
• Report deviations, incidents, or relevant risk issues at both Divisional and local levels to the Market Risk Manager.
• Contribute to the development of tailored frameworks that address the specific risk drivers of local businesses.
• Support Group Market Risk in enhancing risk models, analytics, and reporting tools to optimize monitoring.
• Conduct advanced risk assessments, including VaR back-testing, sensitivity analyses, and scenario simulations.
• Participate in model validation processes and ensure compliance with regulatory and internal governance requirements.
• Design innovative, actionable solutions to address complex market risk challenges in collaboration with commercial and risk stakeholders.
• Help shape Divisional risk policies and procedures in close partnership with senior leaders and the Market Risk Manager

Qualifications

• University degree in Engineering, Economics, Finance, or another quantitative discipline.
• Minimum 5 years of experience in market risk management, with a strong preference for candidates who have worked in energy downstream activities such as operations, forecasting, or pricing.
• Solid knowledge of regional power and/or gas markets, ideally with exposure to Western European markets.
• Previous experience at a gas or power utility, supplier, or similar energy company is highly valued.
• Excellent communication skills, with the ability to translate complex risk data into actionable insights for both technical and non-technical stakeholders.
• Proficiency in English is required; fluency in at least one regional language (Italian, Spanish, or French) is mandatory.
• Location of the position can be either in Milan, Madrid or Lyon depending on the successful candidate's current location