Power Trading Risk Analyst

Houston, TX 77046

Posted: 10/01/2018 Industry: Energy-Middle Office Job Number: 1284

A global energy trading & marketing firm is searching for candidates with experience in physical power middle-office risk. The focus of this position is reporting and analysis on the power trading & origination/marketing portfolios.

Key responsibilities include:

  • Measuring, valuing, and reporting the daily mark-to-market P&L;
  • Price Curve validation;
  • Understanding of trading portfolios and strategies in conjunction with the overall power markets from a risk, liquidity and fundamental perspective;
  • Providing management commentary on trading activity;
  • Monitoring trader risk to ensure compliance with control policies and trader limits;
  • Supporting the electricity / power desk with reporting and ad hoc analysis around FTRs, Tolling and Load-Following deals, RECs, REP-deals and EMAs;
  • Supporting the cash forecast and accounting processes;
  • Participating in projects to automate and streamline processes.

Professional and educational requirements include a Bachelor’s degree in Finance or related numerate field; 4+ years’ experience in risk, trade reporting, valuations, product control, or a middle-office PnL role and ideally supporting a power trading & marketing desk; strong working knowledge of the physical and financial electricity/power markets including experience in one or more of the following markets: PJM, ISO-NE, NYISO, MISO, ERCOT, SPP and CaISO; strong understanding of vanilla and exotic options and other power-traded instruments; ability to communicate complex trading transactions; analytical skills; and advanced technology skills including Excel/VBA/SQL are a plus.

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