Company:
Professional Alternatives
Location: Houston
Closing Date: 01/11/2024
Salary: £100 - £125 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
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Job ID#: 23123
POWER RISK CONTROL ANALYST
Global Risk Management
Houston, TX
Hybrid Work Schedule
Role Accountabilities:
- Overall role is part of the middle office risk team responsible for market risk control, including
- risk identification
- measurement
- monitoring
- and disclosure across various energy commodity assets.
- Leads risk management analysis, monitoring, and reporting for Power trading activities, including open positions, valuation controls, and MTM valuation.
- Provide daily explanations on applicable metrics and limits.
- Coordinate and review deals and prices in the trading system, performing deal checks, price validation, curve updates, and data reconciliation.
- Monitor timely deal capture, internal trading limits, and risk policy requirements to ensure transaction integrity in the trading system.
- Analyze commodity exposure and forward price movements for the company’s multi-products trading activities, maintaining and enhancing risk models.
- Test new risk calculations, evaluate model assumptions against fundamentals, and suggest modeling/valuation enhancements.
- Communicate effectively with Front Office, Operations, Back Office, and Finance teams on inputs and assumptions.
- Work closely with Traders to quantify and explain sources of risk in their portfolios.
- Contribute to the reporting of trading results and positions to Senior management.
- Ensure best control practices, operational efficiency, and policy/limit compliance by working with Back Office, Finance, Credit, Legal & Compliance, and Business Unit Control.
- Ensure compliance with internal trading limits.
- Provide accurate and independent analysis, valuation, and reporting of risk positions and trading results.
- Adhere to external regulatory compliance requirements.
- Coordinate with Compliance to ensure compliance requirements are met.
- Support process improvements, including system testing, implementations, and desk-level processes.
- Identify and communicate operational risks, defining risk mitigation measures and priorities.
Requirements and Qualifications:
- Degree in economics, finance, business, mathematics, or a quantitative discipline.
- Comprehensive understanding of risk management methodologies and valuation models.
- Solid understanding of MTM, VaR, and quantifying position exposures.
- Experience in Power Risk Management, particularly in North American power ISOs (ERCOT, PJM, CAISO) is a MUST.
- Strong understanding of Power pricing structures and experience validating power prices with external sources.
- Proficiency in Power BI, Python, or other data management software like Alteryx.
- Strong analytical and problem-solving skills with a high degree of accuracy and efficiency under set deadlines.
- High levels of flexibility regarding working hours.
- Will NOT sponsor employment visas or those on time-limited visa status.
- Fast-paced trading environment with time-sensitive, business-critical activities.
- Collaborates with Front, Mid, Back Office, Finance, Compliance, and ETRM System IT.
Qualified inquiries:
Primary contact:
Secondary contact:
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Professional Alternatives