Risk Specialist

Work Model: Hybrid from Client's office in Oslo

Planned mission length: 31^st August 2026

 

Why choose this offer?

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• Work in international working environment
• Freedom in terms of collaboration between team members
• Scandinavian organizational culture providing you with work-life balance

 

Project

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The selected candidate will be responsible for managing and coordinating interactions with clients/other external stakeholders related to the power futures market, with a specific focus on the Nordic electricity markets and clearing house market risk framework.

The role requires a solid understanding of the structure and functioning of the Nord Pool market, including the day-ahead and intraday markets, as well as related financial instruments such as futures, EPADs (Electricity Price Area Differentials) and clearing mechanisms.

Interaction with external stakeholders is key, as the ability to interpret and implement regulatory requirements and industry best practices, supporting initiatives as product development and risk mitigation strategies tailored to the specific dynamics of the Nordic region.

Nordic power markets boasts a history of close interaction between financial institutions and customers: in this context the role requires a strong ability to address customer requests and doubts combined with strong proactivity

 

Some specificity of the knowledge required to perform the services are:

• Market structure and main operations: functioning of Nord Pool spot markets, structure and role of the cleared financial power markets that will be operated by Client's Clearing
• Zonal configuration and dynamics: knowledge of the market bidding zones and their respective characteristics. Analysis of price area differences and cross-zonal interactions
• Key market participants: familiarity with the main actors in the market (utilities, trading houses, TSOs, financial players and competitors clearing houses). Awareness of market roles and behaviours such as market makers, speculators, physical vs financial participants.
• Instruments interdependencies: relation between physical and financial markets (e.g. hedging strategies) and links with adjacent power markets (e.g. German power market)
• Market mechanism and regulation: clearing and margining mechanism relevant to Nordic power contracts, strong knowledge of main margin methodology applied (VaR models, SPAN models), stress testing principles. Insights into current market issues and regulatory concerns, including area price volatility, liquidity in EPAD markets, concentration risk

 

The role will involve frequent interaction with clients, regulatory bodies and market infrastructure providers. The ideal candidate should be able to translate this domain expertise into high-quality project outcomes, combining strategic and technical insights with clear communication and strong executional skills.

 

Deliverables

• Client presentations and reports summarizing project progress, methodological framework, analytical insights, solution proposal
• Risk assessment documents including impact simulations, benchmark analysis, main risk exposures and mitigation proposals related to counterparty/market risk
• Stakeholder alignment summaries documenting open points, requests, key decisions and follow-ups from internal and external meetings (with clients/TSO/regulators)
• Regulatory impact assessment evaluating the effects of new internal/external requests, market rules or national regulator consultation on internal processes and client impacts
• Training and onboarding materials to support internal knowledge transfer on Nordic power market structure, trading instruments, risk methodologies and internal interactions

 

Client – why choose this particular client from the Jit portfolio?

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Jit Team is proud to partner with one of the leading European financial groups responsible for the registration, ownership records, and financial settlement of securities traded on financial markets in Norway and recently extended to other European markets. Jit Team has been a strategic partner to our client in the area of software development since 2017. Over the course of the partnership, Jit Team's dedicated team working for our client has grown from three to over 30 people, who have worked on the modernization of legacy applications, the implementation of new systems, and the development of a private cloud-based platform to host a variety of financial systems. 

 

About Jit Team

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The Human factor of IT - it's not just a slogan, it's a philosophy. The foundation of Jit Team is people, which is why we prioritise you. We employ over 500 experienced experts. We create highly specialised teams for clients from all over the world. We offer team members developmental projects, a wide range of benefits and a proprietary professional development programme.

Behind our maxim are also charitable and educational activities. We support pupils and students by donating learning equipment. We offer internships to help launch careers in IT. We support water rescuers and hospitals by providing the necessary equipment. We are a Polish company and we share what we have achieved over 15 years of activity. By supporting indigenous initiatives, we ensure the circulation of good energy.