Energy Market Risk Analyst Job at SmartestEnergy

SmartestEnergy Syracuse, NY 13202

The future of energy is digitized, decarbonized and localized. At Smartest Energy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.

Formed in 2001, we’re an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our office in the US, we have three offices in the UK and another in Australia. Further expansion is planned for 2022 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.

Flexibility is vital to success in our business and many of our staff work flexibly in many different ways, including part-time, compressed hours, remotely or a mix of remote/office. Please talk to us about what flexibility means to you and don’t let anything stop you from applying.

When you join our Team, you will have the opportunity to contribute and make an impact every single day.

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Overview*

You will be monitoring of new and existing trading positions, calculation and modelling of volatility, VaR, and other risk metrics, creation and distribution of risk reporting, and development of risk reporting templates. This will cover power, gas, capacity, ancillary, transmission and renewable markets in various ISOs. These activities will often require interaction with our external counterparties, exchanges, and our FCM. This work is crucial for the Company to understand the risks taken around tradable and non-tradable exposures and make the appropriate business judgments.

Though the main focus will be on these main risk areas you will also be required to report on and perform development activities for other products and components. This could include but not be limited to options, price simulation, etc.

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In this role, you will be involved with the following:*

  • Monitoring and reporting on the various traded and non-traded positions held by the company, daily calculation and reporting on PL and VaR, ensuring the pricing database is accurate and current. Monitoring and reporting on the risk limits, as detailed in the Risk Management Policy;
  • Development of new risk reporting templates and functionality fit for new business requirements, including testing, and documentation. These report templates shall leverage the functionality and capability of the existing ETRM system and attempt to limit processing outside of the ETRM system when possible;
  • Coordinating with the Risk Department and ETRM Analyst to ensure accuracy and integrity of the Pricing Database;
  • Assist the Head of Risk and other Risk Analyst(s) with various report preparation as required;
  • Undertaking ad-hoc analysis to meet the needs of the business as requested;
  • Participation in other projects related to risk management and reporting as requested;
  • Understanding and conducting risk activities other than the main focus and providing cover for the other members of the Risk team.

To be successful in this role, you are likely to have the following skills/experience:

  • Minimum 2 years of experience in a Pricing/Trading/Risk Role, preferably in US Retail Power or Commodities;
  • Options experienced desired but not required;
  • Understanding of basic risk concepts such as volatility, correlation, and VaR;
  • Experience with VaR calculations preferred;
  • Advanced Excel skill including lookups, pivot table, and database integration;
  • Database experience;
  • Programming experience (VBA, Python, SQL, etc.);
  • Knowledge of ETRM systems and deal flow;
  • Intense attention to detail, accuracy, and completeness;
  • Strong communication skills and assertiveness;
  • Ability to work independently.

Diversity

Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of background, disability, religion, gender identity, sexuality or ethnicity.

We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.

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Job Type: Part-time




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