At Galp, we believe that together we can make a difference in society by contributing to a more sustainable energy future. Changes start with our people, where agility, continuous improvement, internal alignment, and external focus are the values that define our organization where everyone, without exception, can reach their ultimate potential. We're counting on your energy.
Mission
This individual will be part of the Corporate Risk function, supporting the team on building, analyzing, and evolving Galp's risk framework and appetite.
What you'll do
Develop risk assessments to identify and evaluate potential risks impacting the Group's strategy, financial stability, and operational efficiency.
Support the implementation of a comprehensive Risk Appetite Framework (RAF) to guide strategic decision-making and risk-taking across the Group.
Support the team in creating and maintaining financial models to assess the impact of market risk factors on the Group's financial performance, cash flows, and valuation metrics, using statistical techniques such as Monte Carlo simulation, econometric modeling with stochastic behaviors, correlation structure modeling with linear and nonlinear procedures (copula functions), etc.
Collaborate with cross-functional teams to conduct scenario analysis and stress testing exercises to assess the resilience of the Group's financial position and cash flow generation capacity under different market scenarios and adverse economic conditions.
Analyze and evaluate hedging strategies and instruments to mitigate market risk exposure.
Participate in preparing risk assessment activities for the Risk Management Committee, the Audit Board, and the Group's Organizational Units and companies, providing the respective findings and recommendations to support decision-making processes.
What you'll need
Degree in Economics, Finance, or Business Administration.
Additional certifications in areas such as Statistics, Financial Risk Management (FRM), Project Management (PM) are a plus.
Over 10 years of experience in risk management.
Quantitative and analytical skills, namely in:
Financial modeling with statistical techniques, such as Monte Carlo, econometric modeling with stochastic behaviors, correlation structure modeling with linear and non-linear procedures (copula functions).
Hedging strategies with several derivatives, such as European-style options, American-style options, swaps, futures, forwards. Pricing such derivatives with GBM and alternative methods (e.g., CEV).
Other statistical/econometric packages knowledge: EViews, Stata; ModelRisk, MATLAB, SAS (Statistical Analysis System), Python.
Strategic mindset to develop:
Comprehensive risk management strategies.
Diversity, Equity, and Inclusion (DEI)
At Galp, we have the ambition to be a Human-Centered Company, and for that, we acknowledge our responsibility to promote Diversity, Equity, and Inclusion (DEI) by having a genuine mindset, lived in our day-to-day, in all our processes. We believe that everyone should be celebrated and valued for who they are: not only for their potential but also for their distinctive characteristics.
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