Senior risk analyst-US Power- Global commodities trading firm- California
Risk specialist required for top tier global energy firm- Houston based.
The risk specialist will have the following responsibilities:
- Identify and validate risks of new and existing transactions, including extensive analysis of complex structured deals. Work with the Front Office and functional support groups on accurate and prompt capture and representation of material risk exposures.
- Identify physical risk associated to transactions, partner with the desk to mitigate exposure through contractual terms, insurance, and portfolio balancing. Build awareness of physical exposure and potential stress
- Monitor risk exposures, daily Value at Risk (VAR), weekly Stress Scenarios and confirm risk profiles changes with the Front Office. Check exposures against current limits. Ensure proper reflection of all exposures and provide adjustments/resolutions if otherwise.
- Communicate portfolio risks, recent historical market movements and trends and their impact on the desk’s PL to management.
- Work closely with the front desk and fundamentals research on understanding of market conditions and magnitude/probability of potential adverse effects.
- Coordinate with Structure, Valuation and Quantitative Research on proper valuation of risks, focusing on adding value through risk reduction by identifying opportunities for hedging and/or diversification.
The successful candidate is likely to have the following background and skill set:
- Significant experience in the US power markets
- Understanding of market risks management concepts (such as Value at Risk), Risk Capital, Stress, Limits, Draw downs and other risk/performance metrics.
- Strong quantitative and analytical skills are required. Experience in economic fundamentals and modeling for energy commodities is a plus.
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