Risk Control Analyst (Power)

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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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