Risk Manager recruitment

Requirements

Provide spot and forward market intelligence on wholesale natural gas and electricity supply/demand dynamics in the Northeast.
Quantify and assess commodity risk exposures of Retail Energy Provider’s physical commodity positions based on comprehensive understanding of economic relationships between wholesale and retail natural gas and power markets
Hedge commodity price and volatility risk utilizing exchange cleared risk management products, futures, swaps, and options.
Provide senior management with comprehensive hedge position and risk analysis reports
Manage company’s futures commodity merchant (FCM) broker account relationship
Provide commodity market insight and modelling input to assess and manage risks of new retail product offerings, such as fixed and capped price offerings
Advise senior management on risk quantification and mitigation, utilizing variety of tools and resources for edging strategies to assure appropriate risk adjusted gross margin
Assessment and updating of existing risk systems, reporting and processes.
Maintenance of new and consistent market risk management procedures
Monitoring, maintaining and managing an appropriate Market Risk Exposure
Qualitative analysis and support of Trading Strategies (Review of new trading strategies and/or structured transactions on request, VaR computation and analysis for each trading book/strategy)

Qualifications

BS in Statistics, Economics, Engineering, Math or related field required
5+ years experience, 4 years in the deregulated energy field
2+ years experience executing exchange traded energy commodities, with preference to experience to facilitating natural gas and PJM/NYISO product offerings
Knowledge of physical natural gas and power wholesale commodity markets, related financial exchange products, derivatives valuation (futures, swaps, options), transportation and storage asset valuation, power transmission and capacity pricing to develop and execute hedging strategies
Possess an understanding of market risk measurement, option pricing, sensitivity and stress testing
Possess knowledge of energy and capital market products and financial analytics, including the key concepts of derivative pricing, risk measurement, and retail energy issues with ability to explain complex structures to all levels of personnel
Must possess strong decision making, mathematical, and technology skills
The ideal applicant will have extensive work based experience within a commodities house or energy company, active in physical commodity trading, including in-depth experience within a Risk Department with solid Market Risk as well as general risk control.
In-depth Value-at-Risk knowledge
Strong Options and Physical commodities experience (fully understand the Greeks and the Risks linked to Physical and Options trading).

Strong knowledge and experience of the commodity markets

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