Senior Operational Risk Manager

Company Description

Vattenfall is a European energy company with approximately 21 000 employees. For more than 100 years we have electrified industries, supplied energy to people’s homes and modernized our way of living through innovation and cooperation. We are looking for talented individuals who, in addition to their passion for their own role, also have strong team spirit and want to contribute to supporting a meaningful corporate mission.

Business Area (BA) Markets’ role in Vattenfall is to maximize the value of the overall portfolio by optimizing and dispatching, hedging and sourcing for Vattenfall's sales and generation volumes. We serve as Vattenfall’s single access to energy commodity markets and trade electricity, emissions, fuels, freight, and renewable certificates. We employ around 500 professionals who are active across Europe with offices in Sweden, Germany, The Netherlands and the United Kingdom.

In BA Markets the mission of the Unit OU Operations is to drive the digital transformation. OU Operations consists of diverse and highly skilled employees from more than 20 countries. We work internationally from our locations in Stockholm, Hamburg and Amsterdam.

We have a culture of care and growth. You will collaborate with inspiring people around you, on complex and interesting topics. Together, we drive the energy transition.

Job Description

Our Business Area (BA) Markets is looking for the right person to fill the position as

Senior Operational Risk Manager

for our offices in Hamburg or Stockholm.

You will help the Operational Risk and Algo Oversight (ORAO) team to strengthen and evolve the culture of risk management within BA Markets.

In a nutshell, you will help to:

• Ensure that BA Markets has effective and robust risk and control frameworks in place to manage operational risks, incidents, and algorithmic trading-specific risks, enabling risk owners to effectively manage their risks and make informed risk/reward decisions.

The role will involve advising various senior stakeholders on operational risks the company faces.

Main tasks & responsibilities:

In a Trading and Asset optimization business it is key to know and manage your risks and as an Operational Risk Manager you are working close to the Business operations of the Business Area assessing and analysing operational risks and investigating incidents to drive improvements of our routines and controls.

Your main responsibilities will include:

• Lead the analysis of operational risk incidents and drive corrective actions
• Lead and perform risk assessment and analysis activities and propose appropriate mitigations
• Design, develop and communicate risk related reports for different levels of the organization to help improve transparency and drive decision making
• Continuous development of the Operational Risk framework in BA Markets
• Support the team with the development of the Algorithmic trading control frameworks.

Qualifications

Qualifications

• Our successful candidate has a relevant financial/technical/engineering degree or equivalent (e.g. IT related, Mathematics, Economics, Risk Management or other relevant subjects)
• Over 5 years’ experience in Energy, financial companies or similar
• Good understanding of risk management frameworks and best practices. Including Experience of Risk management and assessment, operational risk incident management and analysis (e.g. this may include designing tools and processes, implementing and embedding risk frameworks, and delivering high-quality risk insights, reporting, and transparency.)
• Excellent communication and presentation skills in English. (If you also speak Swedish and/or German it is an asset but not a requirement)
• Understanding of the Energy business in general and Energy Trading in particular is an advantage
• 2nd line of defense knowledge is an advantage.

Your personal characteristics:

• Strong analytical and structured mindset with excellent problem-solving skills
• Proven leadership and influencing capabilities
• Self-motivated, independent worker with a proactive, autonomous approach
• Ability to balance strategic, big-picture thinking with attention to detail
• Quick learner with adaptability to new business and technological trends
• Capable of challenging the status quo with innovative thinking
• Strong ability to influence, drive change, and resolve conflicts effectively
• Team-oriented with exceptional communication and interpersonal skills.

Additional Information

Benefits

Your development is a priority at Vattenfall BA Markets. Your professional journey will benefit from working in the exciting industry of energy trading, and in interdisciplinary teams. To support your career, we offer opportunities to grow through training, job rotations, talent programs and a working environment that stimulates learning.

Our Work Culture at Vattenfall is excellent. We have an open corporate culture with flat hierarchies. Modern and flexible working conditions, including mobile work, promote wellbeing.

More information

We welcome your application in English, no later than November, 18th, 2024. We kindly request that you do not send applications by any means other than via our website as we cannot guarantee that we will be able to process applications that are not made via our website.

For more information about the recruitment process you are welcome to contact our Recruiter Jil Ungethüm via phone at +49 40 79022 1378.

The security of Vattenfall and its employees is essential. For that reason, a pre-employment screening will be part of your recruitment process. The screening is based on the role you will fulfill within Vattenfall. The screening will be performed by a third party, called Validata. In addition, a certificate of good conduct (i.e. criminal record certificate) is required for certain positions.

Since Vattenfall is a part of the Swedish critical infrastructure, many of our services are security classed. If this position is security classed the final candidates might be subjected to a security vetting process, according to the Swedish legislation.

In Sweden, the union representatives are Gunnar Gremlin (Akademikerna) and Jens Morell (Unionen). To get in contact with the representatives, please call Vattenfall´s switchboard +46 8 739 50 00.

We look forward to receiving your application!