Analyst, Power Market Risk

WHO WE ARE

As the nation's largest producer of clean, carbon-free energy, Constellation is focused on our purpose : accelerating the transition to a carbon-free future. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute.

Our culture and employee experience make it clear : We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things and help fight climate change. Join us to lead the clean energy future.

TOTAL REWARDS

Constellation offers a wide range of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, we offer a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including a robust wellness program; paid time off for vacation, holidays, and sick days; and much more.

Expected salary range of $75,600 to $84,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k).

PRIMARY PURPOSE OF POSITION

The successful candidate will be an integral part of the risk management function of Constellation. The company’s wholesale power marketing and trading organization is responsible for optimizing the profitability of a growing portfolio of assets and load obligations as well as the implementation of risk management objectives. The Market Risk function is responsible for the oversight of market risk dynamics and their impacts on Constellation’s total portfolio.

• The individual will play a key role in assisting the desk manager in overseeing market risks of a regional Power Portfolio by identifying market risk drivers, analyzing and quantifying risk levels and changes, and understanding PNL impacts driven by price moves, portfolio position changes, and evolving market dynamics.
• The individual will help develop and monitor compliance with predefined risk limits. They will measure and analyze changes in risk positions and distributions, perform portfolio sensitivities, and track option Greeks and other risk metrics. They will also work with the desk manager and the commercial team on strategies to minimize downside and optimize profitability.
• The individual will be the primary liaison between the Market Risk Group and the regional trading desk they support. They will become subject matter experts on the unique makeup of the portfolio and will be responsible for the day-to-day risk monitoring. Build effective relationship with Wholesale Trading while maintaining an un-biased perspective.
• The individual will identify and communicate potential risk concentrations, limit exceedances and large exposures to Commercial and Risk management.
• The individual will develop intimate knowledge of the energy industry, with emphasis on the physical operations and market rules of the respective regions. They will know the generation assets, customer load / deals and key structured transactions in the respective regions and their impacts on the overall portfolio.
• The position will appeal to an individual who is a strong communicator and can balance the complexity of in-depth analysis with the ability to communicate and strategize with their commercial counterparts on best ways to optimize the risk / reward ratio of their respective regional portfolio. They must thrive in a fast-paced team environment and is interested in contributing to achieving business success in a rapidly changing and challenging area of the energy industry.

PRIMARY DUTIES AND ACCOUNTABILITIES

MINIMUM QUALIFICATIONS

PREFERRED QUALIFICATIONS

Constellation is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to : age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.