What You Can Expect
The Market Risk Analyst II is a control and enablement role responsible for supporting the end-to-end systems, data, reporting, and automation layer that underpins Market Risk activities across power and gas trading portfolios. The role combines day-to-day market risk monitoring with technical ownership of the tools, data flows, and controls used to produce reliable risk indicators and reporting.
As a Market Risk Analyst II, you will report to Risk Director, with strong functional interaction with Risk Analytics, Middle Office, Trading and IT.
Market Risk Monitoring & Limit Control
- Track validated market risk indicators against approved limits, mandates, and control thresholds.
- Monitor VaR, stress, drawdown, sensitivities, position-based indicators, and other risk metrics used to oversee trading activity.
- Perform ad-hoc analysis of market events, portfolio moves, and unusual risk profile changes to support timely management decisions.
- Investigate breaches, limit utilization anomalies, missing metrics, and unexplained movements, and escalate promptly where control integrity is at risk.
- Prepare clear and timely reporting for Risk management and relevant stakeholders.
Risk Systems, Data & Production Ownership
- Support and oversee the daily production chain for Market Risk indicators and reporting across core trading, risk, and data platforms.
- Ensure risk data completeness, accuracy, and timeliness across upstream and downstream systems.
- Act as first-line technical escalation for Market Risk system, data, and production issues before central IT involvement.
- Investigate breaks in interfaces, missing jobs, incorrect data feeds, valuation issues, or reporting inconsistencies affecting Market Risk outputs.
- Coordinate remediation with IT, Risk Analytics, Middle Office, and business stakeholders.
Automation & Controls
- Design, build, and maintain Python- and SQL/CDH-based controls and automation supporting Market Risk reporting, reconciliation, exception monitoring, and data quality checks.
- Reduce manual processes and single-point-of-failure dependencies across the Market Risk control environment.
- Embed preventive and detective controls aligned with internal risk, operational risk, and audit expectations.
- Support the development of monitoring tools for production jobs, control evidence, and issue tracking.
Cross-Functional Interface
- Serve as a key Market Risk counterpart to IT for incidents, change requests, prioritization, production support, and system enhancements.
- Work closely with Trading, Middle Office, and Risk Analytics to ensure consistency between positions, valuations, reserves, P&L, and Market Risk metrics.
- Translate business and control requirements into clear technical specifications and practical operating procedures, and risk frameworks.
- Support system migrations, process improvements, and stabilization efforts affecting the Market Risk operating model.
Operational Risk & Governance
- Maintain clear procedures, run books, and documentation for critical Market Risk processes, controls, and escalation paths.
- Support audit requests, control testing, remediation tracking, and operational risk initiatives including RCSA follow-up where relevant.
- Contribute to a resilient Market Risk framework by strengthening transparency, backup coverage, and continuity of key processes and tools.
What You’ll Bring
- Minimum 2 years of experience developing data, reporting, or risk analytics tooling — including hands-on Python work — in support of commodity trading or risk activities.
- Experience with commodity markets.
- Hands-on experience supporting or operating risk, trading, or data platforms in a production environment.
- Experience with ETRM systems.
- Strong Python coding skills, with hands-on experience building data analysis, reporting automation, control scripts, and issue investigation tooling.
- Strong SQL/CDH and comfort working with large datasets, interfaces, and complex data flows.
- Ability to debug system, data, and reporting issues across multiple platforms and teams.
- Strong Excel and reporting discipline.
- Strong understanding of market risk indicators, limit frameworks, reporting controls, and the interaction between positions, valuation, P&L, and risk metrics.
- Comfortable operating in a high-accountability, high-urgency environment.
- Able to challenge constructively, escalate clearly, and stay focused on control quality under pressure.
- Exposure to professional risk certification frameworks (such as GARP FRM, RAI, or equivalent) and an interest in AI, large language models, and machine learning applied to risk and controls. If not, the candidate will be expected to develop in these areas on the role
Additional Details
- This role is eligible for our hybrid work policy; a minimum of 3 days working in the offer per week
- Must be willing and able to comply with all ENGIE ethics and safety policies;
Compensation
Salary Range: $77,100 – $118,220 USD annually
This represents the average expected pay range for a qualified candidate.
ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.
In addition to base pay, this position is eligible for a competitive bonus / incentive plan.
Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.
At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that’s not all – we’re dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.
Why ENGIE?
ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.
At ENGIE, every talent has a role to play in the adventure of the century. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are.
Join us and be part of the adventure!
ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an inclusive workplace for all employees. We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.
We are unable to sponsor or take over sponsorship of an employment visa for this role at any time.
The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.
Business Unit: Supply & Energy Management
Division: BP USA
Legal Entity: ENGIE ENERGY MARKETING NA, INC.
Company Name: ENGIE North America
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Why this matters to us
Our organisation is an equal opportunity employer and is committed to fostering a diverse and inclusive workplace. We offer reasonable accommodations upon request for individuals with disabilities.