Energy Market Risk Analyst
Posted on: December 2, 2019
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.
- 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
- 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
- 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 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
Perform structured transaction valuation and hedging scenario
analysis to support Cleco-Cajun and Cleco Power's portfolio
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
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
Validate analytical methodologies deployed for the purpose of risk
analysis and measurement.
Help define and implement analytical, data, business process and
Commit to and follow the Cleco Vision Statement and Values.
Keywords: CLECO, Alexandria , Energy Market Risk Analyst, Professions , Alexandria, Louisiana
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