What are the responsibilities and job description for the Market Risk Analyst position at ClearpointCo.?
Title: Market Risk Analyst
Location: Houston, Texas
Type: Direct Hire (on-site)
Salary: $68,000 - $80,000
Summary:
Our client in the Energy industry is in need of a Market Risk Analyst will monitor and manage financial risks associated with trading portfolios. The key responsibilities of the role include calculating and reporting daily profit and loss (P&L) metrics driven by price fluctuations, analyzing market exposures, assessing Value at Risk (VaR), enhancing existing reporting models, and developing new models to support evolving commercial activities. In addition, the Market Risk Analyst will prepare monthly realized profit summaries and ensure accurate reconciliation between net earned results and accounting records. Strong analytical, technical and communication skills are essential for success in this role, as it requires interpreting complex financial data and effectively presenting findings to stakeholders.
Duties:
- Monitor risk using Value at Risk (VaR) calculations and periodic stress testing.
- Model complex new trading activities in the reporting processes and ETRM (Allegro).
- Provide pricing support and backup for the settlements team as needed.
- Perform monthly realized profit reporting as well as net earned to accounting reconciliations.
- Collaborate with Front office, Credit, Confirmations, Settlements and Accounting teams as needed.
- Calculate and report daily Position and P&L associated with power trading activities.
- Analyze P&L drivers and provide detailed explanations regarding portfolio changes.
- Develop tools to enhance analysis and improve processes.
- Proven experience utilizing quantitative tools and analysis techniques, including Monte Carlo simulations.
Requirements:
- 2 years’ experience in an analytical role in the power energy trading industry.
- Experience working within an ETRM system such as Allegro, Openlink Endur or RightAngle.
- Advanced excel skills with the ability to utilize analysis driven functions such as sumifs, vlookups, index match/xlookup and pivot tables.
- Proven ability to analyze data and identify variances between 2 datasets.
- Proven ability to understand and explain complex concepts.
- Proven ability to effectively and clearly communicate with various levels across an organization.
- Proven ability to develop and implement excel models.
- Knowledge of programming languages such as Python, VBA, SQL, R.
- Knowledge of physical and financial commodity trading concepts such as exposures, pricing and hedging.
Education:
- Bachelor’s Degree is required in Finance, Mathematics, Economics, Engineering, Computer Science, or another relevant field. Master’s degree preferred.
Salary : $68,000 - $80,000
