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Senior Manager, Market Risk Management (Renewable Power and Low Carbon)
1000 Main Street STE 3100 Houston, TX 77002 US | Work from home flexibility TELECOMMUTE US
Job Description
Renewable deal activity includes:
- Support the renewable energy business development and finance teams in the risk assessment of new acquisitions including:
- Working with the Development and Finance teams to model and value potential acquisitions and related valuations.
- Review prospective acquisitions and impact to the overall portfolio of generation assets.
- Valuing and pricing Renewable and Low Carbon transactions.
Renewable Power and Low Carbon Market Risk responsibilities include:
- Monitoring and controlling market risk around renewable energy power plants and related assets. Developing and maintaining best practices in reporting and analytics for the business unit.
- Mentor and manage a small team of market risk Senior Analysts and Analysts.
- Owning the ETRM system, Curve Management Tools, and BI Reporting tools.
- Providing standardized Position, P&L, and Risk Metric reporting.
- Analyzing results to provide detailed P&L explanations regarding portfolio changes.
- Working directly with the Quantitative and Fundamental Analytics Heads (also in the CRO group) to build “enhanced” analytics and sensitivities.
- Understand battery storage dispatch modeling.
- Understanding stochastic generation/asset modeling for position and margin management.
- Proposing valuable improvements to existing models or methodologies for evaluating portfolio risks.
- Assisting in modeling of capacity and congestion with the Fundamental Analysis team.
- Performing analysis and monitoring, including GMaR, VaR, Gen Delta, PFE, and portfolio stress testing.
- Assisting Market Risk Head and CRO with KPIs and board reporting.
Requirements:
- A bachelor's degree in a business discipline with an advanced degree preferred.
- Minimum of 7+ years’ experience with risk analysis and valuation of wholesale power generation and renewable power. A background in structured finance is a plus.
- Experience with managing a team and employee productivity.
- Desire to be a part of a high-performing and analytical team.
- ETRM & systems implementation experience.
- Designing efficient and reliable market risk processes.
- Experience with modeling power and renewable power markets.
- Knowledge of “single source of truth” reporting concepts.
- Knowledge of power dispatch and shadow settlements.
- Fundamental and operational knowledge of U.S. power, U.S. renewable power (including wind, solar, battery storage), and low carbon markets.
- Understanding of financial derivatives and pricing.
- Understanding of hedging power generation.
- Model-building skills; experienced with analytical and data manipulation applications.
- Experience with programming with at least one software language generally used in financial models like VBA, MatLab, Python, R, SAS, etc. is a plus.