Sr Risk Analyst - Trading

Role: Senior Risk Analyst - Trading
Duration: 6 months (Extendable up to a year)
Location: Portland, OR (Remote work in PST time zone accepted)

Key Skills: Energy and Quantitative Risk Analysis, Wholesale Energy Trading, Energy Production Cost Modeling, Endur ETRM

Job Responsibilities:

In this role, as a Senior Risk Analyst specializing in trading within the energy sector, you will contribute to the understanding, quantification, and strategic response to uncertainties in a dynamic and data-intensive business environment. Your key responsibilities include:

• Leading Power Operations Risk Management, involving the analysis of operational reports and assessment of trading risk limits in collaboration with Power Operations.
• Developing new quantitative models, validating existing ones, and assisting internal teams in utilizing models for effective risk analysis and decision-making.
• Providing analytical support for trading, portfolio management, origination, energy market risk, credit risk, and finance.
• Independently analyzing optimization in competitive markets, stochastic simulations, and the dynamics between low-marginal cost resources and traditional energy generators.
• Implementing approaches to quantitatively evaluate energy infrastructure benefits, costs, and risks.
• Designing complex valuation and price models for structured products, including various agreements and derivatives.
• Understanding and utilizing risk metrics models such as Value at Risk (VaR), Mark to Market, and Gross Margin at Risk (GMaR).
• Proposing and implementing portfolio and asset optimization frameworks.
• Leading quantitative research and modeling tasks related to industry trends, energy markets, capacity markets, and commercial activities, using advanced tools and techniques.
• Providing statistical analysis and quantitative tools for trading and hedging purposes.
• Communicating modeling methodologies, analyses, and results effectively to diverse audiences.
• Offering expert witness testimony for market and regulatory proceedings when necessary.
• Making decisions in accordance with the existing Risk Management Policy and Procedure framework.

Required Skills:

• Utilities experience is preferred, with a broad background in energy and quantitative risk analysis in North America, focusing on power, natural gas, and renewables.
• Top 3 Must-Haves: Experience with Production Cost Modeling, wholesale power and/or gas markets experience, and familiarity with Risk Management Systems.
• Top 3 Nice-To-Haves: Experience with Endur ETRM, Advanced Microsoft Office Suite skills, and the ability to translate numbers into actionable plans for coworkers.

About the Team:

• The team consists of six members.
• Responsibilities mainly involve Risk and Position reporting for commodity trading, requiring a full understanding of the portfolio.

Education and Experience Requirements:

• BS or MS in a discipline related to engineering, statistics, science, or economics.
• 3 - 4+ years of experience in a similar role within the energy industry.

Candidate Attributes:

To be successful in this role, candidates should possess:

• A broad background in energy and quantitative risk analysis in North America.
• 3 - 4 or more years of experience in a quantitative role within the energy industry.
• Expertise in techniques such as time series analysis, advanced regression, and econometric techniques.
• Experience with Production Cost Modeling.
• Advanced Microsoft Office Suite skills.
• Ability to communicate and collaborate with different organizations outside of risk management.
• Experience with Endur ETRM is a plus.

Measures of Success:

• Achievement of strategic business outcomes.
• Development of creative and sustainable analytical models.
• Identification of risks and effective risk mitigation plans.
• Demonstration of sound decision-making.
• Effective communication of actionable analyses to key stakeholders.

To learn more about Mavensoft visit us online at http://www.mavensoft.com/