Energy Risk Analyst

Location: Glasgow / Bristol

The OVO Group’s purpose is to drive progress towards net zero carbon living. To reach Plan Zero, we need everyone to come together - not just as customers buying energy, but as members with a common goal. As part of this ambitious plan, our goal is to become the ‘Leading Employer in the UK’ by 2030. If you think you could be the talent we’re looking for, then come and join the adventure!

We launched in 2009 with a mission to change energy for the better. Since then, we’ve welcomed over a million members, planted a million trees, and set our sights on helping save the planet.

As a Group, we’re working to become a net zero carbon business by 2030, while helping our OVO Energy members halve their carbon footprints at the same time. 

Green energy and technology are great tools to fight the climate crisis with. But it’s people power that will rewrite history.  

So we’re building a zero carbon team inside and out. Of people who share our values, feel inspired by our mission, and want to make change happen. When you work for OVO, it’s not just a job. It’s the work of a lifetime. And we want the sharpest minds to help. 

Up for the challenge?

Where in the world of OVO will I be working? 

As part of the Trading function, this role will report into the Energy Risk Manager.  This is an exciting role that is key to the team developing, implementing and reporting on effective Hedging Strategies.  With annual wholesale costs in excess of £1.5bn per annum, it is critical that our Trading Activities are effectively managed and monitored and that we have robust systems and business processes in place to achieve this.

OVO’s Trading function is a dynamic and fast paced environment.  This will give you the opportunity to build relationships across all areas of the business and to help to ensure that key internal stakeholders have a clear understanding of the opportunities and risks associated with Wholesale Energy Trading. 

What will I be doing?

Key responsibilities will include but not limited to:-

• Developing business systems and processes associated with monitoring and reporting of our wholesale energy positions and exposures, including our third party provided ETRM (Energy Trading and Risk Management) software
• Contributing to the development and assessment of hedging strategies to manage wholesale market risk in the business
• Monitoring Trading activities to ensure that they remain fully compliant with the agreed Trading Risk Policy
• Implementing effective process controls for Trading activities to mitigate the risk of financial loss.
• Use your knowledge of analytical and statistical methods to develop models to assess and report on wholesale market risk.
• Proactively identify and implement improvements to risk assessment methodologies, engaging with external stakeholders and industry specialists.
• Developing reporting on wholesale energy trading activities including the measurement and reporting of Brand Wholesale Costs and Trading profit or loss.
• Ensuring that all assumptions used to calculate wholesale energy requirements are agreed with stakeholders, are reviewed and updated regularly and are accurately reflected in trading forecasts
• Monitoring industry credit cover and ensuring that we meet industry collateral requirements at a low cost
• You will develop strong relationships with internal partners to consolidate information and highlight risks and opportunities
• Ad hoc projects as required

Is this the job for me? 

Ideally you will have…

• First and foremost you will need to be a numbers person, confident in dealing with large data sets and extracting key insight & results
• You will need the ability to learn quickly in order to develop a detailed understanding of current models and processes
• Degree (or equivalent) and 2+ years work experience in the energy market,  ideally wholesale energy trading environment
• You will need to be able to take the initiative in addressing complex challenges. 
• Highly analytical with strong data manipulation skills and advanced Excel knowledge.
• Experience with writing SQL queries
• Demonstrable high attention to detail.
• Strong communication skills.
• Ability to break down complex problems, often involving large amounts of data.
• A team player who thrives in a challenging environment.
• Flexibility; willing to contribute on a range of work aspects.
• Self-starter, comfortable working both autonomously and with colleagues to deliver value in a small, high-functioning team.

Beneficial

• Experience in energy trading risk management
• Experience in data visualisation tools (eg Tableau)
• Experience with data analysis in a programming language (eg. Python or R)

From us you’ll get*

• An annual discretionary bonus
• 4% of your salary to spend on flexible lifestyle benefits
• 5% matched employer contribution to your pension
• 25 days holiday + 1 for your birthday
• And many more... 

(*) Please note that certain benefits kick-in once you have passed probation which can be up to 6 months after your start date.

We want the best people 

At OVO, we empower our people to have choice around where and when they work - flexible working arrangements can be discussed for all of our roles. Please speak to the Talent Acquisition team for more info.

We’re keen to meet people with varied backgrounds - our view is the more inclusive we are, the better our work will be. We want to build teams which represent a variety of experiences, perspectives and skills, and we recognise talent on the basis of merit and potential.

We understand some people may not apply for jobs unless they tick every box. If you're excited about joining us and think you have much of what we're looking for, even if you're not 100% sure… we'd love to hear from you.

Learn more about working in the OVO family of companies on our careers page and Glassdoor. We’re also delighted to have received a Top Employers certificate in 2018, 2019 and 2020!