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Centrica

Market Risk Manager

London
Posted about 20 hours ago
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Join us, be part of more.
We’re so much more than an energy company. We’re a family of brands revolutionising how we power the planet. We're energisers. One team of 21,000 colleagues that’s energising a greener, fairer future by creating an energy system that doesn’t rely on fossil fuels, whilst living our powerful commitment to igniting positive change in our communities. Here, you can find more purpose, more passion and more potential. That’s why working here is #MoreThanACareer. We do energy differently – we do it all. We make it, store it, move it, sell it and mend it.

About your team:

At Centrica Energy, our mission is to move it.
We’re energy movers by nature. We’re a global renewable energy trading company which helps move energy from source to use – powering businesses, homes, and societies as they transition to a new sustainable energy future. If the idea of working to create a sustainable energy future also moves you, we may very well be the right place for you.

The Market Risk Manager will play a key role in controlling and reporting risk and continuously developing the function as Centrica Energy grows and transitions to a multi-location trading model. The role will play an important part in the improvement and development of risk measurement methodologies, processes and procedures whilst having close daily interaction with the front office and business units. The role reports into the Head of Market Risk.

This is an exciting opportunity for a talented and experienced Market Risk professional to be part of an organisation that is focused on maximizing profit from trading gas, power, LNG and Renewables and also functions as intermediary delivering energy from our Upstream and Power Generation teams on one side and British Gas on the other.

Reasons to use Rodeo

I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?

Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.

Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.

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Graduate Consultant — 2026 Scheme

PwC·London, UK
£35,000/yr

Why you're a good match

Strong

Your economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.

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Why you're a good match

You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.

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Strong

Experience fit

Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.

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Location:

The role is based out of our central London office (close to Marble Arch) with 3 days per week based within the office. There is also a requirement for occasional international travel to other Centrica Energy offices.

What you’ll be doing:

  • Lead the market risk oversight of one of the energy trading desks, being responsible for executing market risk management strategies across gas, power and renewables, creating a strong market risk presence and building strong relationship across Centrica Energy trading business
  • Promote risk discussion on the trading floor, and building best practice within the team
  • Maintain and share a strong knowledge of trading portfolios, and keep abreast of developments in the energy markets and the potential impact on risk and portfolios
  • Quantitatively analyse new deals and identify embedded risks using simulation based modelling and other methods
  • Work with relevant business teams to formulate new business and product frameworks, and integrate changes into the current policies, processes and systems
  • Deliver improvements to market risk processes, models and methodologies. Including in the space of VaR, stress testing, assessment of risk adjusted return, etc
  • Support the digitisation of Market Risk at Centrica Energy.

We have a few must-haves:

  • Strong knowledge of physical and financial energy market fundamentals and traded instruments, ideally power and gas
  • Excellent knowledge of risk management methods and techniques, including Value at Risk, Stress Testing and Option Pricing
  • Experience in managing junior resources
  • Strong commercial awareness, capable of articulating complex deals and providing constructive advice to the Head of Market Risk and Front Office
  • Ideally proficient in booking systems such as Endur, EOS
  • Practical experience in Power BI, Python and SQL
  • Excellent attention to detail and problem-solving skills
  • Confident, resilient, with a presence and a determination to succeed in a dynamic and demanding business environment
  • Proactive with a drive for continuous improvement
  • Strong communication skills at all levels.

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Why should you apply?

We’re not a perfect place – but we’re a people place. Our priority is supporting all of the different realities our people face. Life is about so much more than work. We get it. That’s why we’ve designed our total rewards to give you the flexibility to choose what you need, when you need it, making sure that you and your family are supported not only financially, but physically and emotionally too. Visit the link below to discover why we’re a great place to work and what being part of more means for you.

https://www.morethanacareer.energy/centricaenergy

If you're full of energy, fired up about sustainability, and ready to craft not only a better tomorrow, but a better you, then come and find your purpose in a team where your voice matters, your growth is non-negotiable, and your ambitions are our priority.

Help us, help you. We would love for you to share any information about yourself throughout our recruitment process so that we can better understand you and help shape your journey.

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Skills

Market risk management
Energy trading
Value at risk
Stress testing
Option pricing
Simulation modelling
Endur
EOS
Power BI
Python
SQL
Quantitative analysis
Risk measurement
Portfolio management
Commercial awareness

Location

London, England, United Kingdom

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