Market Risk Analyst

Market Risk Analyst

The Market Risk Analyst is responsible for identifying, designing, evaluating and implementing market and credit risk management solutions and analytics for our electricity markets. The primary focus of the role is serving as the subject matter expert in financial risk management. The Market Risk Analyst will also build and maintain tools and models to evaluate the performance of our collateral requirements. Relocation provided. Hybrid - 2 days in the office and 3 days remote each week!

Responsibilities:

• Employ market risk and credit risk measurement techniques to evaluate risk exposure and develop, maintain, and report on metrics that track exposure to market risk and credit risk


• Recommend and create new collateral requirements for electricity market products


• Support regulatory approval of collateral requirement design and governing document changes including providing expert witness testimony in support of proposed changes


• Create and deliver reports (both written and oral) that clearly explain, without technical jargon, the performance of the collateral requirements, the deficiencies (if any) in collateral requirements, and the benefits of any proposed changes to collateral requirements


• Monitor electricity market dynamics with a focus on potential risks to our organization our market participants; including M&A activity, changes to power market fundamentals, and modifications to other market designs or risk management policies

Requirements:

• Bachelors degree in a quantitative field, such as Finance, Economics, Financial Engineering, Applied Mathematics


• Expert knowledge of credit/market risk principles and practices


• Experience with energy or commodity derivatives; such as futures, forwards, swaps and options


• Applied knowledge of market and credit risk measurement techniques, e.g., VaR, historical simulation, Monte Carlo simulation, stress testing


• Skill in one or more programming languages; such as SQL, SAS, MATLAB, Python, or other data analytics tools (BI, Tableau)

Preferences (NOT REQUIRED):

• Experience or understanding of Northeast electricity or natural gas markets


• Masters degree or MBA

THIS COMPANY REQUIRES MANDATORY VACCINES WITH BOOSTERS IN ORDER TO BE CONSIDERED FOR ANY POSITION