Risk Analyst

Hydro Aluminium Metal is a leading supplier of extrusion ingots, sheet ingots, foundry alloys, wire rods, and high-purity aluminium, with a global production network of around 6,000 employees. With primary metal production facilities in Europe, Canada, Australia, Brazil, and Qatar, and recycling facilities throughout Europe and the U.S., two-thirds of our primary aluminium production is based on renewable energy.

What you will be doing

We are seeking an analytical Risk Management Specialist / Risk Analyst to join the Risk Management & Hedging Operations team within Metal Sourcing & Trading (MST) at Norsk Hydro's Vækerø office in Oslo.

You will strengthen our risk oversight across aluminium and carbon markets, with particular responsibility for trade lifecycle management and the implementation of our European Union Allowance (EUA) hedging portfolio.

MST is responsible for optimizing Hydro's global standard ingot portfolio and managing LME aluminium price risk exposure on behalf of the company.

You will:

• Manage the trade lifecycle for LME, OTC and EUA transactions

• Monitor risk exposure and contribute to hedging strategies aligned with Hydro's net-zero ambitions

• Perform risk assessments, stress testing and reporting

• Ensure robust controls, compliance and data integrity

• Collaborate with internal stakeholders and external market counterparties

• Build and refine analytical tools (e.g. using Python, PowerBI, or machine learning) to streamline trade lifecycle management)

  What will make you successful?

We are looking for an analytical and structured professional with a strong interest in risk management and commodity markets.

You bring:

• A Master's degree in finance, economics, business analytics or a related field

• 0-5 years of relevant experience

• Strong analytical skills and attention to detail

• Proficiency in Excel and Powerpoint, experience with Python, R, Power BI, GitHub, or Azure DeveOps is a plus

• The ability to work accurately under pressure

• Strong communication skills and good command of English

Curiosity, drive and a continuous improvement mindset will help you succeed in this role.

What we offer you

Hydro Aluminium Metal is a leading global aluminium supplier with strong sustainability ambitions and a clear net-zero pathway.

We offer:

• A key role in supporting Hydro's risk and sustainability agenda

• Exposure to global commodity and carbon markets

• A collaborative and competent working environment

• Opportunities for professional growth

• Competitive compensation and benefits

Hydro Aluminium Metal is a leading global aluminium supplier with strong sustainability ambitions and a clear net-zero pathway.

Equal opportunities

At Hydro, we believe diversity makes us stronger. We welcome diverse experiences and perspectives, and invite all qualified candidates to apply. We review every application fairly and strive to provide equal opportunities for everyone to grow and succeed.

Apply before: 03/22/2026

If you have any questions, please contact:

Hiring manager
Peder Morten Engebretsen
Peder.Morten.Engebretsen@hydro.com
(Norway +47) 93039301