What are the responsibilities and job description for the Risk Analyst position at Arizona Public Service - APS?
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Summary
The Risk Analyst supports the organization regarding all aspects of the enterprise risk management program. Responsibilities include facilitating the identification of risks, performing qualitative and/or quantitative risk assessment and treatment of risks across all business units. Composing effective risk communication tools to share with the business units, executives and the Board of Directors. Perform special assignments as directed by management.
Minimum Requirements
This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.
Summary
The Risk Analyst supports the organization regarding all aspects of the enterprise risk management program. Responsibilities include facilitating the identification of risks, performing qualitative and/or quantitative risk assessment and treatment of risks across all business units. Composing effective risk communication tools to share with the business units, executives and the Board of Directors. Perform special assignments as directed by management.
Minimum Requirements
- Bachelor's degree in Accounting, Economics, Mathematics, Sciences, Statistics, Data Science, Engineering, or Finance
- and 2 (two) years' related professional level experience or an equivalent combination of education and experience from which comparable knowledge, skills and abilities have been acquired.
- Requires strong analytic and problem-solving skills and, above all, an attention to detail.
- Current experience in utility operations preferred.
- Proficient computer skills including a thorough knowledge and applied use of Microsoft Office.
- Under supervision, the Risk Analyst candidate must have the ability to perform risk modeling using @Risk and/or other statistical tools, have proficiency in Matlab, Python and/or VBA.
- Ability to analyze complex data and develop analytics and statistical models of risk.
- Perform analytics around collateral exposure, cash positions, market stresses, liquidity and credit risk with a detailed understanding of existing thresholds related to different counterparties and APS
- Development and maintenance of commodity forward curves and volatility models
- Measure and back-test commodity hedging effectiveness
- Able to perform liquidity and credit risk estimated for our portfolio of commodity trades for both price and credit uncertainty
- Perform stochastic analysis to model price, load, and intermittent generation risk using production cost models
- Use @Risk and/or other risk modeling tools to model risk exposure for various business scenarios within APS
- Support model development to extend Enterprise Risk Management business outreach across the enterprise
This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
Arizona Public Service is a smoke free workplace.
