Act as Deputy to the European Sales Market Risk Manager for the Eastern European Sales Division
Engage daily with regional subsidiaries, including operations and portfolio managers, sales teams, CFOs, and the Division Head, to assess the risks linked to sales activities and other operations
Collaborate with senior leadership to integrate risk considerations into daily decision-making and long-term strategy
Support the implementation of the Group’s risk framework and policies across local subsidiaries, ensuring alignment with Group standards
Monitor positions, oversee sales activities, track PnL, and analyze risk data to identify exposures and mitigate risks
Report deviations, incidents, or relevant risk issues at both Divisional and local levels to the Market Risk Manager
Contribute to the development of tailored frameworks that address the specific risk drivers of local businesses
Support Group Market Risk in enhancing risk models, analytics, and reporting tools to optimize monitoring
Conduct advanced risk assessments, including VaR back-testing, sensitivity analyses, and scenario simulations
Participate in model validation processes and ensure compliance with regulatory and internal governance requirements
Design innovative, actionable solutions to address complex market risk challenges in collaboration with commercial and risk stakeholders
Help shape Divisional risk policies and procedures in close partnership with senior leaders and the Market Risk Manager

University degree in Engineering, Economics, Finance, or another quantitative discipline
Minimum 5 years of experience in market risk management, with a strong preference for candidates who have worked in energy downstream activities such as pricing, forecasting, portfolio management, operations and dispatching
Solid knowledge of regional power and/or gas markets, ideally with exposure to Eastern European markets
Previous experience at a gas or power utility, supplier, or similar energy company is highly valued
Excellent communication skills, with the ability to translate complex risk data into actionable insights for both technical and non-technical stakeholders
Proficiency in English is required; fluency in at least one regional language (Romanian, Turkish, Bulgarian) is mandatory
Location of the position is Bucharest or Sofia

Market Risk Manager - Eastern Europe

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