Commodities Risk Manager presso Verition Group LLC

Commodities Risk Manager – EU Power & Gas

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies.

Key Responsibilities:

• Universe: Focus on European Power and Gas markets, covering both physical and financial exposures across forwards, options, and structured products.
• Monitor portfolio exposures, perform stress testing, and analyze risk metrics to ensure positions remain within limits and aligned with firm risk appetite.
• Provide detailed analysis of PnL drivers, risk factor sensitivities, and changes in portfolio exposures.
• Work closely with portfolio managers, traders, and senior risk managers to align risk oversight with trading objectives.
• Support the use and enhancement of MSCI RiskMetrics for portfolio risk measurement and scenario analysis.
• Assist in maintaining and improving internal risk models, reporting tools, and data quality processes.
• Prepare regular and ad-hoc risk reports for senior management and other stakeholders.
• Contribute to the development and documentation of risk methodologies and processes.
• Communicate key risk findings effectively across technical and non-technical audiences.

Requirements:

• 3–5 years of experience in market or risk management within energy, commodities, or related markets, preferably with exposure to EU Power and Gas.
• Solid understanding of market structure, price drivers, and risk factors across physical and derivative energy products.
• Hands-on experience with MSCI RiskMetrics or similar risk systems.
• Strong technical skills in Python and SQL for data analysis, automation, and risk tool development.
• Excellent communication and interpersonal skills with the ability to work closely with trading and risk teams.
• Strong analytical mindset, attention to detail, and eagerness to learn and take ownership of projects.
• Bachelor’s or Master’s degree in a quantitative or finance-related field (e.g., Engineering, Economics, Mathematics, Finance).