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Energy Market Risk Analyst

Company: CLECO
Location: Alexandria
Posted on: December 2, 2019

Job Description:

Located outside Alexandria, LA, the Energy Market Risk Analyst is a key member of Cleco's Risk Management organization supporting Risk Management activities for Cleco-Cajun, Cleco Power, and corporate initiatives. Candidate should be experienced in Electricity, Natural Gas, Coal markets and related Generation, Customer Load, Fuel Supply and Hedging activities. Develops and delivers the middle office risk management function analytical capabilities and on-going risk analysis to support stochastic portfolio risk analysis, transaction pricing and valuation, development of risk mitigation strategies, capital adequacy and credit risk analysis. Supports timely and rigorous daily risk management functional activities as a key member of the risk management team, including regular risk analysis and reporting, forward curve analysis, and executive communications. Candidate is a member of a new function with a lot of opportunity for growth, work cross functionally, and to put their thumbprint on the organization.
Minimum Requirements:

  • 5-10 years direct Risk Management experience in physical electricity markets with strong quantitative skill sets.
  • Bachelor's degree (analytic discipline and/or data analysis preferred) required
  • Advanced degree and/or certifications in an analytic discipline and data analysis preferred
  • Practiced experience in stochastic modelling for risk analysis and decision making, inclusive of options pricing theory, forward and spot price forecasting, generation modelling, and load modelling
  • Working knowledge of electricity, coal, and natural gas physical and related financial markets
  • Proficient in Microsoft Office functional requirements, risk controls and commodity lifecycle, with hands-on experience with ETRM software and data services.
  • Previous experience with business intelligence software and report writing such as Spotfire, Tableau of MS Power BI
  • Previous experience with Monte Carlo simulation software such as or Crystal Ball
  • Skilled in data detailed analysis of large data sets using Python, R, SQL, and VBA.
  • MISO or similar electricity market structure experience preferred
  • Preferred candidate should possess or be working towards a CFA, GARP ERP or PRMIA PRM
  • As part of a small team, much be a strong team player with the ability to communicate complex analytical concepts to non-analytical personnel. Principal Accountabilities:Apply leading quantitative and data analysis methods to value, analyze and monitor market, credit and capital requirements for a physical and contractual energy portfolio that includes generating assets, fuel supply contracts, hedging transactions and long-term power sales agreements.Collaborate with risk management team to adequately evaluate risks and optionality embedded in the Cleco-Cajun and Cleco Power portfolio, generating facilities, fuel supply and transportation agreements and existing and potential purchase power sales agreements and other structured products.
    Define and develop portfolio risk models to measure value at risk, gross margin at risk, cash flow at risk and potential capital requirements, inclusive of scenario analysis, stress tests, and back tests to appropriately measure portfolio and drivers of value and risk.
    Perform structured transaction valuation and hedging scenario analysis to support Cleco-Cajun and Cleco Power's portfolio transaction initiatives.
    Develop models, incorporating stochastic processes and Monte Carlo simulations, if appropriate, to assess, analyze, monitor and identify opportunities to mitigate market price, volumetric risk exposure and evaluate risks in long-term contracting and strategic plans.
    Analyze, assess and develop methodologies to effectively model price curves, basis risks, term volatility, and correlations.
    Prepare risk analysis and reports to support risk management objectives.
    Validate analytical methodologies deployed for the purpose of risk analysis and measurement.
    Help define and implement analytical, data, business process and software requirements.
    Commit to and follow the Cleco Vision Statement and Values.

Keywords: CLECO, Alexandria , Energy Market Risk Analyst, Professions , Alexandria, Louisiana

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