What are the responsibilities and job description for the Energy Risk Management Expert position at NextEra Energy?
Company Overview
NextEra Energy Marketing is a leading electricity and natural gas marketer in the nation. We manage electricity and fuel for NextEra Energy Resources' generation fleet, which includes the largest renewable energy portfolio in North America.
Job Description
We are seeking a Quantitative Risk Analyst to bolster our quantitative analytics team in trading risk management. This role involves validating, crafting, and deploying quantitative models that assess risks intrinsic to energy and commodity markets.
The responsibilities of this position include:
- Validating and fine-tuning sophisticated risk models spanning market, credit, and liquidity risk segments.
- Constructing and validating valuation inputs for structured products such as weather derivatives.
- Undertaking comprehensive scenario analyses and stress tests to gauge potential repercussions of adverse market conditions.
- Collaborating with cross-functional squads to guarantee seamless integration of risk models.
- Mentoring junior colleagues in best quantitative practices.
Required Skills and Qualifications
To be successful in this role, you should possess:
- An advanced degree in a quantitative discipline such as Financial Engineering, Mathematics, or related science and engineering fields.
- Strong programming skills in languages such as Python or SAS for conducting quantitative analysis.
- Excellent proficiency in Excel, Pivot tables, and SQL.
- Exposure to regulatory expectations and industry standards concerning risk management practices including model risk management.
- Understanding of physical trading, derivatives, and financial products.
