Risk Methodologies Expert

Job description

ENGIE   is a global energy company, a leading provider of electricity, natural gas, and energy services. With 153,090 employees in more than 70 countries worldwide, ENGIE achieved revenue of €66.6 billion in 2016. ENGIE is committed to being a leader in the energy transition.

We are looking for talented and motivated people to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity, and help us meet the energy challenges of today and tomorrow.

 

Global Energy Management (GEM) is one of  ENGIE’ s Business Units. We deliver services in supply and logistics management, asset management, risk management, market access management, while contributing to the market understanding, design and efficiency and developing market solutions to accelerate the energy transition. GEM manages one of the largest and most diversified energy portfolios in Europe, including electricity, natural gas, bulk commodities and environmental products. With 5 trading platforms and activities in more than 50 countries, GEM has an extended geographical coverage in Europe, Asia-Pacific and in the US. It employs 1,300 people around the world.

 

Within the Risk department of GEM, the  Risk Methodologies  team (7 people) are in charge of the following:

·  Validation of the pricing models that are used within GEM to evaluate and actively manage its trading positions on derivatives products, some of them requiring advanced mathematical methods (exotic options). The mission includes the proposal of specific provisions (IFRS) when appropriate and the validation of statistical methods used to mark non-standard parameters.
·  Definition and regular review of indicators to monitor the trading exposure to price moves (market risk). 
·  Definition and calibration of indicators to monitor the credit risk of trading activities (default likelihood of our counterparties on the market, and subsequent potential loss).

As the quantitative arm of Risk, the team supports the whole Risk department for the sound and appropriate usage of the valuation tools and risk indicators. The team proactively proposes recommendations and evolutions when necessary. These missions are materialized by the production of a specific documentation, the team being a key SPOC for internal and external stakeholders on quantitative topics in GEM: integration of new products, regulatory requirements, models and provisions policy, etc. The scope mainly covers market and credit risks and, to a lesser extent, physical and liquidity risks.

 

As a proven expert on models development and risk management, you will integrate the newly created holacratic organization of the  Risk Methodologies team . Consequently, you should be able to work in a self-governing organization; beyond operational roles including the above missions. Your professional track record and natural leadership will open up possibilities for you in the following areas and in accordance with the governance of the organization: 

·  ensuring the right priorities and contributions to allow GEM business developments in a sound risk framework. This includes an ability to define with your team pragmatic ways to allow business tests even under constrained timeframe and systems
·  working on the positive visibility of the team, promoting Risk standards and point of view, especially in the context of an ongoing deep refactoring of the trading ecosystem (Gemstone)
·  representing GEM and/or Risk to answer regulatory and audit’s requirements
·  attracting, retaining and developing talents through the allocation of resources between long term projects and tactical contributions, support to innovation, coaching, etc.

QUALIFICATION

·  you have a Bac+5 (Fr) or Master (Be) with a specialization in Applied Mathematics and/or Financial Engineering. Additional degrees such as top engineering schools or PhD is a plus
·  7+ years’ experience in banking and/or commodity markets
·  proven experience  in the management of a quantitative team in the commodity or banking sector, knowledge of energy markets being a plus
·  advanced regulatory knowledge (Basel, CRD4, IFRS), in both their theoretical and implementation aspects.
·  strong technical skills in pricing models, in a development or validation role (at least 6 years)
·  you are well versed in data analysis, with both theoretical (statistics and econometric models) and practical focuses (database, SQL)
·  analyzing complex problems and conceptual thinking
·  practical thinking, in particular to propose pragmatic ways to get out of theoretical or operational constraints
·  hard worker, resilient in complex environment
·  proactivity to manage your missions in autonomy
·  ability to adapt your talks to various stakeholders (in particular technical and non-technical contacts)
·  attract, retain and develop talents
·  promote new tools and support innovation efforts within the team
·  favor cooperation between quantitative people and other risk analysts
·  you are fluent in English, written and spoken (with the ability to write rigorous technical documentation). Other European languages a distinct advantage
·  you are fluent in Excel and familiar with object oriented as well as data oriented programming using languages such as  Matlab/R/Python and/or C#.

 

 

Additional Information
·  Posting Date: May 25, 2018