Market Risk Analyst

As a leading renewable energy company, Statkraft owns and operates a large portfolio of hydropower assets in Norway and Sweden, complemented by several onshore wind parks and projects across the region. In addition, Statkraft manages a significant portfolio of assets across continental Europe and the UK, ranging from CCGTs and pumped-storage facilities to renewable energy assets.

Alongside its asset fleet, Statkraft is expanding its Origination activities across Europe. We currently manage long-term renewable energy portfolios in various European markets, consisting of tailor-made Power Purchase Agreements (PPAs) with generators and long-term sales contracts with large end-consumers. These origination portfolios also include other non-standard structured wholesale products and battery storage PPAs.

The role as Market Risk Analyst is based in the Nordic market risk team, covering Statkrafts Asset and Origination activities in the Nordics and UK.

What awaits you?

• Make an impact: Right from the beginning, you will be able to influence our process design, systems and internal routines in a highly professional surrounding.
• Digitalization: Contribute to the development and automation of reports, work closely with the modelling team in new contract valuations and calibration of the existing risk models using Python.
• International environment: With eight nationalities within the market risk origination teams alone, you will work in a very international environment, which is characterized by competence and willingness to innovate.
• Learning on the job: If you don’t have any relevant experience in energy markets you will be rapidly introduced to all aspects of the market and portfolio. You will be part of a dynamic team of risk experts, experiencing a steep learning curve.

Job Description

We are seeking talented professionals to join our Risk Management team. The market risk team plays a central role in analysing, measuring, managing, and communicating the risks associated with the Asset and Origination portfolios, including related hedging strategies. The team is also responsible for independent analysis and for supporting the implementation of new contracts in our risk systems.

• Regularly report on the performance (P&L) and risks associated with our Asset and Origination portfolios, providing accurate and timely information to stakeholders.
• Monitor energy market developments, regulatory changes, and their potential impact on our portfolios.
• Perform comprehensive risk assessments of transactions and deal structures before execution, identifying key risks and proposing appropriate mitigation measures.
• Collaborate with internal stakeholders, including originators, portfolio managers, analysts, and credit risk teams, to ensure robust risk management and deal viability.
• Contribute to the continuous improvement of risk management processes and tools by sharing insights and proposing enhancements.