Risk Analyst

Location: 

Oslo, 03, NO, 0283

Career area:  Finance & Accounting
Department:  Risk Management & Hedging Operations
Job Type:  Permanent
Apply by:  March 22 , 2026

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

Recruiter
Gemma Scipioni
Gemma.Cockroft.Scipioni@hydro.com
(Norway +47) 45220685

 

Possible work locations

Why Hydro?

Are you looking to make a real impact? For over a century, our people have been the driving force in solving some of the world's most pressing issues - and we hope you'll join us in solving the next century's. Whether you're working to close the loop at one of our recycling facilities or ensuring efficient renewable energy processes to decarbonize aluminium production, your contributions make an impact in our shared purpose of propelling our industries and the world into a greener future.

Why Hydro?

Are you looking to make a real impact? For over a century, our people have been the driving force in solving some of the world's most pressing issues - and we hope you'll join us in solving the next century's. Whether you're working to close the loop at one of our recycling facilities or ensuring efficient renewable energy processes to decarbonize aluminium production, your contributions make an impact in our shared purpose of propelling our industries and the world into a greener future.

 

 

 

 

 

A job where you make a difference

A key part of succeeding in this mission involves encouraging a collegial environment where our differences are acknowledged as our greatest competitive advantage.

Your diverse perspective makes us stronger. Our global diversity, inclusion and belonging program enables us to cultivate a high-performing and inclusive workplace where everyone feels valued.

Your career journey is unique. We strive to provide you with the support needed to achieve your full potential. With our global reach, inclusive culture, and cutting-edge technology you'll have the opportunity to build a career that aligns with your strengths and passions.

Join our global community of over 30,000 people with a presence in 40 countries and united by the values of Care, Courage and Collaboration. At Hydro, you have the chance to make a difference in the industries that matter. Explore our world and the heart of our operations.

A job where you make a difference

A key part of succeeding in this mission involves encouraging a collegial environment where our differences are acknowledged as our greatest competitive advantage. Your diverse perspective makes us stronger. Our global diversity, inclusion and belonging program enables us to cultivate a high-performing and inclusive workplace where everyone feels valued.

Your career journey is unique. We strive to provide you with the support needed to achieve your full potential. With our global reach, inclusive culture, and cutting-edge technology you'll have the opportunity to build a career that aligns with your strengths and passions. Join our global community of over 30,000 people with a presence in 40 countries and united by the values of Care, Courage and Collaboration. At Hydro, you have the chance to make a difference in the industries that matter. Explore our world and the heart of our operations.

A job where you make a difference

A key part of succeeding in this mission involves encouraging a collegial environment where our differences are acknowledged as our greatest competitive advantage. Your diverse perspective makes us stronger. Our global diversity, inclusion and belonging program enables us to cultivate a high-performing and inclusive workplace where everyone feels valued.

Your career journey is unique. We strive to provide you with the support needed to achieve your full potential. With our global reach, inclusive culture, and cutting-edge technology you'll have the opportunity to build a career that aligns with your strengths and passions. Join our global community of over 30,000 people with a presence in 40 countries and united by the values of Care, Courage and Collaboration. At Hydro, you have the chance to make a difference in the industries that matter. Explore our world and the heart of our operations.

About Hydro

  • Hydro is a leading aluminium and renewable energy company committed to a sustainable future
  • Founded: 1905
  • Number of employees: 32,000
  • Company presence in around 40 countries worldwide
  • President and CEO: Eivind Kallevik

Learn more about Hydro

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Can't find the right job? Be the first one to learn about new job opportunities that might be a perfect fit for you.