2 Manager, Power Trading Analytics -- Remote -- WFH Jobs in Houston, TX
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Manager, Power Trading Analytics -- Remote -- WFH
$118k-150k (estimate)
Full Time
1 Week Ago
Get It Recruit - Finance is Hiring a Remote Manager, Power Trading Analytics -- Remote -- WFH
About The RoleWe're seeking a dynamic individual to join our team as the Manager, Power Trading Analytics. Reporting directly to the Director of Energy Trading and Optimization, you'll play a crucial role in implementing a robust risk framework through quantitative analysis. Your primary responsibility will be to ensure that our new commercial strategies align with our overall portfolio performance expectations and adhere to acceptable risk tolerances. If you're passionate about renewable resources and possess deep knowledge of commodity market dynamics, tradable instruments, and risk management practices, we'd love to hear from you.
This position offers the flexibility of remote work.
Key Responsibilities
Risk And Quantitative Analytics
At the company, we're committed to fostering a diverse and inclusive community where every individual's unique talents are valued. As part of our team, you'll have access to comprehensive benefits, including generous PTO, medical, dental, and vision care, 401(k) with employer match, and much more. We're an equal opportunity employer and encourage candidates from all backgrounds to apply.
Employment Type: Full-Time
This position offers the flexibility of remote work.
Key Responsibilities
Risk And Quantitative Analytics
- Develop gross margin at risk models for projects with market price exposure, focusing on prompt month to five years forward, to guide hedging and risk mitigation strategies.
- Establish and maintain portfolio risk limits and metrics, considering cross-market correlations in energy, congestion, and REC prices.
- Review forward market price volatility curves and correlation assumptions for stochastic risk modeling.
- Collaborate with energy traders to develop risk scenarios and assess potential impacts on the broader portfolio.
- Apply portfolio optimization techniques to drive hedge strategy decisions while maximizing risk-adjusted revenue of our renewable assets.
- Work closely with Market Fundamentals and Transmission Teams to incorporate long-term fundamental views into short-term risk mitigation trading strategies.
- Support valuation of short-term hedge and PPA amendments for contract negotiations.
- Develop trading strategies for REC, Capacity, Resource Adequacy, and transmission hedging.
- Design gas trading strategies to mitigate risk for conventional assets.
- Collaborate with senior executives to set appropriate hedging and risk management strategies.
- Develop insightful market dashboards using Power BI or similar tools.
- Participate in Energy Risk Committee discussions and present risk issues requiring committee approval.
- Lead the creation of management reporting to present positions and exposures.
- Masters or Ph.D. in Engineering, Mathematics, Economics, or a related quantitative discipline.
- 5-10 years of experience in increasingly responsible quantitative roles, preferably within the energy industry.
- Proficiency in developing predictive models using mathematical and statistical methods.
- Strong programming skills, preferably in Python or R.
- Familiarity with option valuation, Greeks, and Quant Lib.
- Excellent written and verbal communication skills.
- Highly proficient in Microsoft Word, Excel, and PowerPoint.
- Ability to work well under pressure, manage competing priorities, and pay attention to detail.
- Self-motivated and highly organized.
- MBA or MS is highly desirable.
- Experience working with variable generators and natural gas plants.
- Exposure to Dayzer, Promod, or Plexos.
- Familiarity with Energy Trading Risk Management (ETRM) systems.
At the company, we're committed to fostering a diverse and inclusive community where every individual's unique talents are valued. As part of our team, you'll have access to comprehensive benefits, including generous PTO, medical, dental, and vision care, 401(k) with employer match, and much more. We're an equal opportunity employer and encourage candidates from all backgrounds to apply.
Employment Type: Full-Time
Job Summary
JOB TYPE
Full Time
SALARY
$118k-150k (estimate)
POST DATE
06/21/2024
EXPIRATION DATE
07/19/2024
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