Principal Market Risk AnalyticsNRG Energy • Houston, TX, US
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Principal Market Risk Analytics
NRG Energy • Houston, TX, US
30+ days ago
Job type
- Full-time
Job descriptionBachelor's Degree from an accreted college or university is required Minimum of five (5) years of energy electric or gas industry experience Experience with Stochastic / Monte Carlo methods Strong quantitative skills, including proficiency in modeling with Python large data sets with complex data feeds Proficiency with data management and analytical tools (i.e., Power BI, SQL tools) Product knowledge in electricity and gas Master's degree from an accredited college or university in a mathematics-oriented discipline (e.g. Statistics, Mathematics, Engineering, Economics, Finance, etc.) is a strong plus Programming skills with at least one scripting language other than Python (i.e., VBA, Matlab, R) Familiarity with concepts of mathematical programming and market risk modeling practices Detail oriented and able to produce accurate work products under rapidly changing priorities Ability to work independently and manage multiple projects simultaneously Experience with trading and risk management systems like Aligne, Endur, etc. is a plus Strong written and verbal communication skills Hybrid work environment with 3 days per week in office and 2 days remote Trade floor / open office environment with frequent collaboration within and across teams Majority of work performed on a personal computer in a seated position Great company culture!! Voted as a BEST employer by Forbes A competitive total compensation package, including annual incentive and / or commission Stock Purchase Plan Benefits on the first day of employment - Medical, Dental, Vision, Life Insurance, and Short-Term Disability, Wellness program, etc. Company-paid life insurance and disability insurance 401 (k) plan to help save for retirement Numerous discounts, including electricity discounts on NRG brands
Principal Market Risk Analytics
The Principal, Market Risk Analytics is responsible for analyzing financial and credit / collateral risks associated with energy trading and marketing activities, including the corresponding retail activity. This includes identifying and assessing potential risks, developing and implementing quantitative modeling, and monitoring and reporting on risk exposures. The position may also be responsible for developing, deploying and maintaining risk management tools.
Essential Duties / Responsibilities :
- Evaluate the financial, credit and collateral exposure of complex integrated energy portfolios under dynamic market conditions
- Conduct financial analysis and modeling to evaluate the financial and risk profile of potential transactions, along with the associated credit and collateral implications
- Perform model validations to ensure compliance with internally accepted risk frameworks
- Knowledge of non-linear products (i.e., options), tolling agreements, and renewable power
- Support the origination and execution of new business opportunities, including highly structured transactions, on a timely manner
- Develop algorithms and predictive models to support risk management decisions, often customized to different market participants frameworks (i.e. ISOs)
- Leverage problem solving, analytical skills, and new technologies to enhance and automate various risk processes
- Responsible for developing centralized view of existing assets and prospective new transactions for scenario analysis that assemble disparate data sources
- Work with senior risk managers to engage with portfolio managers and research analysts on topics such as risk limit usage, portfolio construction, tail exposure, and forward-looking risk events
- Perform other duties as assigned
Minimum Requirements :
Preferred Qualifications :
Additional Knowledge, Skills and Abilities :
Working Conditions :
Why NRG is a great place to work :
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Market Risk • Houston, TX, US