Market Risk Analyst, US

• Others

• Full Time

  Employment Type

• Non-Executive

  Experience Level

• Bachelor's Degree or equivalent

  Education Level

• United States | Closing On 18 Oct 2026

  Country

• Hybrid

  Working Arrangement

About Us

About the Company

The JERA Global Markets Group (JERAGM) is a leading utility-backed energy trader specialising in LNG, power, coal and freight.

As JERA's exclusive trading and optimisation platform for majority shareholder, JERAGM operates one of the most exciting energy portfolios in the world, which gives it an in-depth understanding of the way local, regional and international energy markets behave. This expertise enables us to capture trading opportunities, optimise portfolios, create value and enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across offices located in five strategic locations: Singapore, the UK (London), Japan (Tokyo), the US (Houston) and Australia (Brisbane).

Job Description

Position Description

This role forms part of JERA's growing North American Gas Trading business, which is expected to transition onto JERAGM's trading platform. This business is wholly owned by JERA Co., Inc. and will focus on US natural gas trading, optimisation and market development across North America. Successful candidates will join during the build-out phase ahead of the business's planned operational launch.

The analyst, Market Risk, reporting into the manager, based in Houston, will support the business in all key market risk management matters affecting the organisation.

The Market Risk team in Houston office is a part of the Middle Office Function in Houston office and is responsible for the design and implementation of suitable market risk control frameworks and providing both quantitative and qualitative market risk analysis and risk control solutions to support effective risk management and business decision making.

This is a key role for risk and control within JERAGM: in addition to the Market Risk-specific coverage, the analyst, Market Risk will also be perform tasks based on manager's instruction. You will partner with the other Risk and Control teams within the Middle Office Function, as well as the broader Supporting Functions, to ensure that the Risk Control Framework is effective and to continuously improve its efficiency and scale.

Key Role Responsibilities

Overseeing the Risk teams in GMA, this role will be responsible for:

• Responsible for preparing daily, weekly and monthly market risk reports, including VaR, options and stress testing

• Key role in the quantitative analysis of the risk profile of the company's portfolio across commodities and products

• Deliver ad-hoc analysis to support Market Risk and Middle Office activities (such as onboarding new business and products), as directed by the Manager, Market Risk

• Support ongoing digitalization and automation efforts to improve information flow and reduce manual processes across the business

• Collaborate on IT systems development and testing to enhance risk tools and infrastructure, as well as onboarding new products

• Promote a culture of continuous improvement by having the courage to challenge established processes. This includes identifying inefficiencies in operations and opportunities to streamline and automate shared processes and interfaces

• Assist in the development, enhancement, and validation of market risk models

• Ensure accurate and timely validation of option bookings

• Provide analytical support for the Risk Manager in relation to NBC and GRC

• Ability to work effectively as part of a global, hybrid working team

Qualifications

Key Qualifications and Experience

Experience

• Between 4 and 7 years of relevant market risk experience, in the commodities trading field, preferably in US gas and power. Experience in other commodities (LNG, coal, freight, and other gas or power markets) is also beneficial.

• A background in risk management within an energy or commodity trading company, or Tier-1 investment bank.

• A graduate qualification in any or a combination of the following subject areas: Mathematics / Statistics, Econometrics, Physics, Chemistry, Engineering, Finance, Computing and Business, or equivalent.

• Ideally a post-graduate qualification in any or a combination of the following subject areas: Mathematics / Statistics, Chemistry, Physics, Engineering, Actuarial Sciences, Quantitative Finance or Financial Engineering, Econometrics, Business Administration, or equivalent.

• Good knowledge of Value-at-Risk, scenario analysis, back testing / stress testing, expected shortfall, and other market risk techniques.

• Knowledge of the market risk associated with physical commodities, traded and real option portfolios.

• Exposure to both physical and financial energy markets.

• Proficient in Microsoft Office products including Excel, VBA and Python.

• Knowledge of EKA, Allegro, FEA, Topaz, Endur, Power BI, Matlab, SQL or other data analytics or quantitative analytics packages may be useful.

• Derivatives valuation, pricing and quantitative risk modelling experience highly valued, including structured gas options (i.e. gas storage and swing)

Person Specification

• Excellent analytical skills and a focus on accuracy and precision.

• Comfortable working across time zones and cultures; experience in a global or multi-location team is preferred.

• Respectful, collaborative / easy to work with and dependable working style, able to operate effectively in-person and across virtual environments.

• Strong written and verbal communication with ability to present quantitative analysis to all audiences.

• Integrity, attention to detail and high standards of accuracy.

• Proactive with the ability to thrive in a team environment under often disparate and conflicting pressures.

• Able to work independently with limited direction as well as within and across teams.

Role Opportunity

This is a high-impact role within a globally distributed Market Risk team, offering significant exposure to senior stakeholders and complex, cross-commodity risk issues. The successful candidate will play a key role in driving analytical depth, supporting risk model development, and improving risk reporting processes.

Posted On 20 Jul 2026