Market Risk & Middle Office Analyst

MARKET RISK ANALYST

Who is ENGIE?
ENGIE puts sustainable development at the center of its activities (electricity, natural gas, energy efficiency, and services) to meet the challenges of the energy transition to a low-carbon economy: access to a sustainable economy, climate change mitigation and adaptation, and resource optimization.

Who are we looking for? We are currently searching for Market Risk Analyst in S&EM Italy, based in Rome.

ENGIE Supply & Energy Management (S&EM) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE's assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its Global Business Unit Supply & Energy Management (S&EM) who built its savoir-faire managing the Group's large and diverse asset portfolio over 20+ years.

7,500 employees around the world develop our solutions, through 19 countries. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 3 expertise:

• Asset management
• Energy supply , providing green energy & innovative solutions
• Risk management & market access

At S&EM we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

What will you do?
The Market Risk analyst will work in Market Risk and Middle Office team and his/her mission is to ensure that trading and portfolio activities are in line with S&EM Risk Policy and with the limit framework as approved by the respective governance (Board, Risk Committee). He/ she is required to support the identifications of all the risks behind the different businesses carried out by the platform and to monitor and challenge the related hedging strategies. He/she is also required to provide a strong support in terms of digitalization via Phyton and PowerBI.

The Market Risk Analyst is in charge of the following missions:

• Prepare daily, weekly or monthly P&L and market risk reporting. Be responsible of quantitative and qualitative "ad hoc" analysis which includes VaR & Stress Test computation and explanation, greeks understanding and risk exposure representation across multiple systems;
• Analyze desk portfolio risks across commodities and products, support risk identification and quantification for the wholesale energy businesses:
  • identify the main risk exposure associated to our core and new businesses;
  • Understand business representation in the systems;
  • Define risk limits and monitor risk indicators.
• Use phyton for risk monitoring and reporting (mandatory)

• Monitor, approve and challenge hedging strategies implemented by Front Officer:
  • Understand open exposures and assess risk/reward balance

• Specific focus on Green activities (PPA's and BESS):
  • Understanding of asset modelling
  • Intermittency risk identification and representation

All the activities are fully integrated within S&EM. All processes are defined globally and enforced locally (S&EM Italy).

About YOU
The ideal profile matches with the followings prerequisites:

• Master's degree in Engineering, Economics, Finance or Statistics;
• At least three-year experience in Market Risk role or Trading role for energy companies.
• Fluent English oral and written; Italian is a plus.
• Digital oriented: advanced use of Phyton, Power BI, VBA, Excel
• Skills in quantitative analysis.
• Good knowledge of financial products used for energy markets (swap, option, forward).
• Understanding of risk methodologies for the calculation of physical and financial exposures: including risk indicators (VaR, Stress Test, DrawDown, Greeks), Mark-to-Market and P&L.
• "Green oriented" (assets modelization/risk metrics monitoring-intermittency)

Type of contract:

Local contract according to Italian labour law.

About ENGIE

At ENGIE, every talent has a role to play in accelerating the energy transition. 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 of the century!

Working at ENGIE, a multinational group, means having a wide variety of career opportunities in more than 30 countries. Whilst putting the community at the center of your professional life and contributing to real change during a challenging career.

Our commitment is clear: We support a social model that balances economic performance with positive impact on people and the planet. We bet on the power of community and act as part of a community committed to disrupting and reinventing the future. Diversity and inclusion are at the core of our corporate culture.

ENGIE is committed to combating all forms of discrimination in employment, access to training and promotion. Therefore, the integration and support of youth, adults, and people with disabilities, regardless of gender, ethnicity, or religion, are key priorities of human resources policy.

Recognized for 2025 by Sole24Ore as a leading company in diversity & inclusion, the ISO 30415:2021 and UNI PDR 125:2022 certifications are further proof of our commitment.

Business Unit: Supply & Energy Management

Division: BP ITALY

Legal Entity: ENGIE ITALIA S.P.A

Professional Experience: Skilled ( >3 experience <15 years)

Education Level: Master's Degree

Company Name: ENGIE Italia