Market Risk Manager - Eastern Europe
- Act as Deputy to the European Sales Market Risk Manager for the Eastern 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 pricing, forecasting, portfolio management, operations and dispatching
- Solid knowledge of regional power and/or gas markets, ideally with exposure to Eastern 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 (Romanian, Turkish, Bulgarian) is mandatory
- Location of the position is Bucharest or Sofia