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Director, Energy Quantitative Analysis
1000 Main Street STE 3100 Houston, TX 77002 US | Work from home flexibility TELECOMMUTE US
Job Description
Key Responsibilities:
- Model Development & Implementation:
- Lead the design, development, and validation of quantitative models to quantify, assess, and optimize portfolio, market, credit, and liquidity risks.
- Recommend modeling methodologies for energy products and complex transactions (generation, tolling, HRCO, DART spread).
- Lead the development of valuation methodologies for renewable assets (solar, wind, battery storage).
- Ensure models comply with regulatory requirements and internal risk management standards.
- Risk Assessment & Reporting:
- Quantify and analyze the risk exposure of thermal power, renewable power, and LNG trading portfolios.
- Identify factors affecting the risk of portfolios.
- Develop methodologies to assess potential market movements, credit exposures, and liquidity needs.
- Provide regular and ad-hoc reports to senior management, highlighting key risk metrics and potential vulnerabilities.
- Portfolio Management:
- Collaborate with trading desks to understand trading strategies and their impact on the risk profile.
- Advise on risk mitigation strategies, including hedging approaches and portfolio diversification.
- Monitor the performance of portfolios and adjust models as necessary to reflect changes in market conditions.
- Technical:
- Support and maintain internal databases.
- Conceptualize data structures and algorithms.
- Design analytics libraries and data repositories.
- Analyze large time-series and cross-sectional datasets, independently conclude, and make recommendations.
- Implement quantitative models in a production environment.
- Stakeholder Collaboration: Work closely with the M&A, asset trading, fundamentals, market risk, back office, and compliance teams to ensure alignment of risk models with business objectives. Provide insights and recommendations to senior management on risk-taking activities and capital allocation.
- Leadership & Development: Manage and mentor a team of quantitative analysts, fostering a culture of continuous learning and innovation.
Qualifications:
- Master’s or PhD in Quantitative Finance, Financial Engineering, Economics, Mathematics, Statistics, or a related field.
- Minimum of 12 years of experience in a quantitative analysis, statistical analysis, and risk assessment role focusing on energy markets.
- Expertise in quantitative risk modeling for thermal power, renewable energy, and LNG trading portfolios.
- Strong programming skills in Python, R, MATLAB, or other relevant languages.
- Experience writing production-quality code using object-oriented languages (C#, Java).
- Experience with statistical modeling, including factor models, time series analysis, Monte Carlo simulations, stochastic analysis, VaR, stress testing, and scenario analysis.
- Experience with SQL development and database design/architecture.
- Excellent analytical, problem-solving, and communication skills.
- Proven leadership experience, with the ability to manage and develop a high-performing team.
Employees work three days in the office and two remotely.