Senior Quantitative Risk Analyst

We are Centrica! We’re so much more than an energy company. We’re a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we’re powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you’re developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes.

Your work here isn’t just a job – it’s a mission. We all play a vital role in energising a greener, fairer future.

Centrica Energy is the trading arm of Centrica. We trade power, gas, LNG, and energy attributes and connect producers, suppliers and off takers in the wholesale energy markets - and we provide our clients with the best route-to-market services available to the market today with physical and financial settlement approaches. In short, we call ourselves Energy Movers By Nature.

We’re a total of 850+ colleagues from over 50 different nations, located in 8 different offices around the world. At our London office, where this role is located, you’ll be joining our international office with over 300 dedicated energy specialists.

As a Senior Quantitative Risk Analyst you will provide a high quality, flexible, analysis service within Centrica Energy's Risk department. The team carry out quantitative assessments to validate and improve Centrica Energy models, develop internal risk models such as Value at Risk and PFE, review & assess complex transactions and help Centrica maximise value and control risk exposure.

This role will play an important part in the work of the Risk Department and make a significant contribution to Centrica Energy’s capabilities in this area. The role will provide an excellent opportunity to gain experience in a variety of significant business endeavours across different products and areas and produce quantitative solutions to support our growth. This, together with the opportunity for exposure to senior management, will help to provide an excellent platform for possible longer-term career development within one of the UK’s leading energy companies.

This is an exciting opportunity for a talented and experienced Quantitative Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and renewables.

The role is based out of our central London office (close to Marble Arch) with 2-3 days per week typically based within the office.

What you’ll be doing:

• Advise upon, and contribute to, ongoing model development for valuation and risk measurement, carrying out reviews and validation of Front Office models for a constantly evolving and increasingly sophisticated set of products

• Directly contribute to the design, construction and implementation of Risk models (e.g. Market Risk, Credit Risk and Liquidity Risk models such as Value at Risk, Profit at Risk, PFE, CVA/ DVA and Variation Margin at Risk models) to help us on our journey of continually improving our risk modelling capabilities and provide valuable analysis and insights to the business

• Work effectively with Quantitative Analysts, Traders & Originators

• Communicate the results of analyses clearly, including to senior management, in a way which adds significant value to business decisions

• Stay updated on industry best practice and emerging trends in quantitative finance and risk modelling.

We have a few must-haves:

• Educational background within a highly quantitative subject (Mathematics, Quantitative Finance, Economics, Sciences, Engineering or similar)

• Ability to review and validate complex models

• Excellent modelling and related programming skills (e.g. exposure to Python or similar), with the ability to build complex models

• Good understanding of quantitative finance and related risk issues, coupled with a strong practical, and business focused, approach to modelling, valuation and risk management

• Excellent analytical skills with a deep understanding of quantitative finance and financial modelling

• Understanding of the energy commodity markets

• Ability to communicate complex issues in a clear, understandable manner with the front office quants team, traders, originators, asset developers, finance, Risk and other teams

• High attention to detail in both numerical analysis & written work and ability to work under pressure and to tight deadlines in a trading-related Risk environment

• Strong team working and influencing skills

• The ability to objectively and constructively challenge proposals for new modelling and transactions, whilst maintaining good working relationships

• Strong appetite for practical and high-quality problem solving in a fast-moving commercial environment.

Ready to Make Your Move and apply?

If you are passionate about discovering your potential and changing how we create a more sustainable future, then we would love to hear from you. We will be continuously reviewing applications; early submission is strongly recommended.

We're a People Place:

We have 4 People Promises, which are our pledge to all our colleagues. It’s the minimum of what you can always expect when working with us.

• People Promise #1 We’re a people place - we are devoted to doing great work together and are cultivating wellbeing and flexibility

• People Promise #2 You’ll ignite your potential - we are committed to career development and equal opportunities

• People Promise #3 You’ll get your share of our success - we offer attractive Benefits and Rewards

• People Promise #4 You’ll make an impact that will truly change tomorrow - we are committed to career development and equal opportunities. We are committed to moving towards a cleaner and greener future.

This is what you can always expect from us. It’s part of our culture, and we know it enables us all to make the most of everyone’s contribution for us to grow, move and thrive.

#LI-CET #MakeYourMove #MoreThanACareer

At Centrica we embrace diversity and actively seek to attract individuals with unique backgrounds and perspectives. To build a more sustainable future, we need the best team – a team with a diverse mix of people and skills, where everyone feels welcome and able to succeed. We are dedicated in helping to close the diversity gap and would love to see more females, people of colour and LGBTQ+ employees, as well as those from a variety of cultures and ethnicity to veterans and the differently abled. Supporting diversity and inclusion is a big part of who we are, we are not looking for people to fit into our culture but to add to it!