What are the responsibilities and job description for the Market Risk Analyst position at Engelhart?
About Us
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
We are looking for a Market Risk Analyst with a keen interest in Energy Commodity Markets to join us in either our Houston TX or Stamford CT office. This role will sit in our global Risk team, reporting to our Market Risk Manager who is based in Houston, TX.
This will be a full-time role, owning the following responsibilities:
We believe the following experiences and skills are essential for success in this role:
Engelhart was founded in 2013 by BTG Pactual Group as a commodities trading company. Our business model is “asset light” and highly diversified – giving us the ability to adapt effectively and nimbly to changing market conditions. We have assembled successful multidisciplinary teams, leveraging advanced fundamental analysis with deep quantitative and weather research capabilities. Our activities are underpinned by strong risk management practices and by powerful technology and operational excellence. We have exceptional teams with diverse global backgrounds and decades of experience, and are driven by a highly collaborative culture, across products and competencies.
In 2024, Engelhart acquired Trailstone, a global energy trading and technology company. The acquisition provides us with new expertise, analytics and proprietary technology which is being used to provide risk management and optimisation services to help maximise the value of our clients’ renewable power. The acquisition also expanded Engelhart’s capabilities into physical natural gas across North America, a critical fuel to support the energy transition.
Our talented and experienced individuals work together according to its four company values: Performance, Agility, Collaboration, Entrepreneurship.
About the Role
We are looking for a Market Risk Analyst with a keen interest in Energy Commodity Markets to join us in either our Houston TX or Stamford CT office. This role will sit in our global Risk team, reporting to our Market Risk Manager who is based in Houston, TX.
This will be a full-time role, owning the following responsibilities:
- Ensuring accuracy of global VAR and historical simulation systems, responsible for daily sign-off, identifying and resolving any errors and ensuring new products are included and modeled appropriately.
- Developing and maintaining appropriate stress test scenarios in consultation with front office, adapting to new products and changing market conditions.
- Continually developing an understanding of and monitoring market conditions and trader positions and rationale, with a view to discussing with management and front office, able to make recommendations on exposures and risk.
- Assisting in validating structured product deal valuation, risks assessment, and model logic verification.
- Monitoring traders’ compliance-to-risk controls including VAR, stress test, drawdown, and stop loss limits. Determining and monitoring appropriate secondary limits such as on exchange position/trade sizing, option trading, and liquidity.
- Monitoring and understanding option exposures, rationale, and risks.
- Monitoring and understanding power congestion trading strategies and risk exposures.
- Managing daily relationships with key stakeholders including senior management, front office, middle office, operations, finance, and technology.
- Reviewing new products and deal types, providing recommendations to the Market Risk Manager on appropriate controls.
- Working closely with Engelhart Technology team to specify/prototype/validate new models and risk system tools and reporting capabilities.
We believe the following experiences and skills are essential for success in this role:
- A minimum of 3 years of experience in market risk in commodities.
- Proven experience and knowledge of North American physical and financial power and natural gas.
- Knowledge of derivatives, option pricing and greeks, with an understanding of how these products price and are traded in their relevant markets.
- Coding skills preferably in Python, if not, strong abilities in other languages such as R, SQL, VBA.
- Strong quantitative abilities and knowledge.
- Strong communication skills.
- Competitive compensation and participation in Engelhart’s discretionary bonus plan.
- 20 days of annual holiday entitlement, excluding US public holidays (NYSE).
- Robust benefits package such as Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidized by the Company.
- Eligibility to receive external and internal training in accordance with our Training & Development Policy.