Commodity Market Risk Analyst
The role of the Commodity Market Risk Analyst is a key position within Integrated Supply & Trading (IST) Finance organization, in the NAGP business unit. This role is accountable for providing deep business understanding of the power business and market risk through the delivery of value-added reporting and analysis. This role interfaces with trading, M&O and support functions for Power trading activity, balancing independence with a business enabling partnership. This position is accountable for providing insights about risks, mitigations and opportunities for a complex power portfolio. The position requires a deep understanding of the activities not only within market risk but also Power trading in order to meet the team's core accountability of delivering independent daily exposures, P&L and VaR reporting analysis while enforcing the IST Operating Standards & Control Processes.
•Establish strong relationships with commercial and various functions in both Houston and New York office.
•Develop understanding of modelling, valuation and risk associated with complex power activities include load, wholesale and retail business, energy/asset management, toll deals.
•Deliver insightful reporting and analytics such as stress and scenario tests that enable business decision making and commercial growth. This is achieved through timely, rigorous and accurate reporting and analytics of exposure, costs, gross margin, cash and working capital etc.
•Daily and Monthly maintenance and validation of curves
•Liaise with front office to resolve any discrepancies on counterparty, pricing, volume and MTM intent
•Maintain and review MTM, exposure and P&L by deal, portfolio, trader, region, and strategy
•Support regional and global process standardization initiatives
•Support any ad hoc reporting requirements
Liaise with IT to lead and manage application projects
Key accountabilities :
•Develop staff both Houston and New York
•Work hand in hand with commercial personnel and various functions in NA & London to support business growth, new commercial activities, and bench initiatives
•Lead and manage IT and process improvement projects
•Develop a deep understanding of NAGP's Power trading business, exposures, strategies, market fundamentals, market risk and trading activity impacts on VaR, Credit and Working Capital.
•Deliver reporting and analytics that provide insight into IST's business activities in order to support business decision making and to strengthen the control environment
•Provide constructive challenge to trading activity to ensure it is compliant and aligned to intended trading strategy.
•Implement valuation methodologies compliant with IST's Mark to Market Operating Standard.
•Have a clear understanding of market risk and trading activity impacts on VaR and Credit.
Essential Education :
Bachelor's Degree in Finance, Accounting, Engineering, or other Quantitative field.
Essential experience and job requirements :
•5 years of experience in a physical and financial power trading environment, particularly in power.
• Understanding of complex power transactions such as load deals, energy asset management, power retail and renewable energy credits.
•Understanding of front to end transactions lifecycle, applications employed and ability to assess change impact across functions
•Strong analytical and quantitative skills
•Team player and eager to learn and teach in partnership with other team members within the commodity team and across other trading benches.
•Able to grasp and communicate complex models and trading transactions in layman terms for non-technical audience, while highlighting the key economic effects.
•Self-motivated with the intellectual ability and curiosity to read, interpret, and maintain current knowledge of relevant trading and market fundamentals.
•Ability to multi-task independently in a dynamic and changing business environment, within the global structure and under tight deadlines.
•Strong interpersonal and communication skills (verbal and written)
•Attention to detail and ability to work within a very deadline orientated environment
Desirable criteria and qualifications :
•MBA or other financial certification including CFA, FRM, CPA
•Experience in the area of Product Control and Market Risk