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Título:  Quantitative Market Risk Manager

Fecha:  2 jun. 2024

Madrid, España, España

Empresa:  00L6-CEPSA TRADING, S.A.U

About the business


We are pursuing a transformative strategy agenda called “Positive Motion” which is all about greening our sources of revenue. Within this context Trading competencies are essential to optimize the value from both legacy hydrocarbons and the future molecule flows. It is Trading’s task to maximize value by growing and leveraging the platform. We are actively looking for top talent to join the Middle Office Risk Management Team. The team is involved in analyzing, managing, and preventing risks associated with the activities of CEPSA Trading, based on a deep understanding of the business, processes, and implemented procedures. You´ll help us drive this exciting agenda by handling some of the largest market risks the company is exposed to.



The responsibilities we´ll trust you with


  • You'll lead a team of Quantitative Market Risk analysts providing technical and modelling support Trading and other Business Units (BU) within the Cepsa Group.


  • You'll be responsible for ensuring the accurate monitoring of market, credit, and operational risk at a consolidated level.


  • You'll lead the development of credit models and market risk metrics (such as VaR) for all Trading activities, evolving Market/Credit Risk Models and Metrics.


  • You'll define and enhance various Credit Risk Models and Metrics (including PFE, LGD, PDs, XVAs, Cost of Replacement, etc.) for all Trading activities.


  • You'll coordinate the support and execution of a global platform to publish Trading P&L, Market & Credit exposure, VaR by desk, and produce a consolidated view for senior management reporting.


  • You'll ensure compliance with Market Risk limits for all Trading and other BUs.


  • You'll monitor and coordinate efforts and methodologies to measure hedging effectiveness for different hedging programs within the group.


  • You'll spearhead the development of Market & Credit Risk-specific software and tools for trading (ETRM, proprietary databases and tools, specific algorithms, etc.) and other BUs.


  • You'll support the Front Office in implementing optimal Market/Credit Risk management solutions for each trade.


  • You'll oversee the maintenance and operation of the Price and Market Data Repository for the entire group (GDM).


  • You'll lead the Operational Risk area to drive operational excellence within trading activity.


  • You'll lead Data Science activities to enhance efficiency in Market and Credit Risk model development.


What are we looking for?



We are looking for someone who is motivated and achieves results, has good interpersonal skills, and thrives in fast-paced environments.


Basic Qualifications


  • Ideally 7 years’ experience in mid-office commodity trading organization or on a commodity trading team.
  • Numerate-background bachelor’s degree, e.g. Math, Physics, Engineering or similar.
  • Confidently engage with stakeholders, effectively challenging traders on deals, valuations, positions, and limit mandates.
  • Ability to coach and mentor team members as well as members of other teams who require knowledge or skills that Risk can provide.
  • Fluency in English and Spanish.




  • Analytically inclined with high energy, approaching challenges strategically.
  • Collaborative team player thriving in a team-based environment.
  • Passionate about creating value in trading and financial markets.
  • Self-starter with superior analytical and problem-solving skills.
  • Effective planner and organizer, working towards ambitious targets.



An inclusive and rewarding place to work:


There has never been a more exciting time to work at CEPSA, where we prioritize a positive work environment, offer extensive benefits, and value diversity. Our commitment to inclusivity is apparent through initiatives supporting people with disabilities, addressing, and actively closing gender gaps, and promoting equality regardless of sexual orientation or gender identity. Additionally, CEPSA provides tremendous learning and development opportunities to craft your career path. Join CEPSA for a workplace where your ideas matter, your skills grow, and your potential unfolds.



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