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Senior Energy Market Risk Analyst

SmartestEnergy
New York, NY Full Time
POSTED ON 1/16/2025
AVAILABLE BEFORE 4/13/2025

The future of energy is digitized, decarbonized and localized. At SmartestEnergy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.

Formed in 2001, we're an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our two offices in the US, we have three offices in the UK and another in Australia. Further expansion is planned for 2024 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.

When you join our Team, you will have the opportunity to contribute and make an impact every single day.

Overview

As a Senior Market Risk Analyst, you will oversee and support the Risk function to cover power, gas, capacity, ancillary, transmission and renewable markets in various ISOs. Additionally, you will interact and build relationships with our external counterparties, exchanges, and our FCM.

In this role, you will be involved with the following :

  • Calculation of PL advanced analytics associated with options, PPA valuation, and structured deal valuation.
  • Calculation of Potential Future exposure of the portfolio as well as a sub-set of existing, and future, Origination deals.
  • Monitoring and reporting on the various traded and non-traded positions held by the company, daily calculation and reporting on PL and VaR, Monitoring and reporting on the risk limits;
  • Development of new risk reporting templates and functionality fit for new business requirements, including testing, and documentation

To be successful in this role, you are likely to have the following skills / experience :

  • Minimum 7-10 years of experience in a Pricing, Trading, Analytic, or Risk Role, preferably in US Retail Power or Commodities
  • Bachelor's Degree desired, Master's preferred
  • Options experience (intermediate to advanced)
  • Advanced understanding of risk concepts such as volatility, correlation, and VaR
  • Experience with performing VaR calculations
  • Advanced Excel skill including lookups, pivot table, and database integration
  • Database experience
  • Intermediate to Advanced Programming experience (VBA, Python, SQL, etc.)
  • Knowledge of ETRM systems and deal flow
  • Intense attention to detail, accuracy, and completeness
  • Strong communication skills and assertiveness
  • Has vision and ability to problem solve independently
  • Strong analysis backed by critical and strategic thinking skills
  • Strong data analytics skills
  • Passionate about our business
  • Diversity

    Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability and genetic information (including family medical history). EOE.

    We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.

    We are committed to the full inclusion of all qualified individuals. As such, if a reasonable accommodation is needed to participate in the job application or interview process, please reach out to the HR & People Team via email us-hrssc@smartestenergy.com so we can discuss with you further.

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    Department US Locations SmartestEnergy US - New York City Office Remote status Hybrid Remote Yearly salary $185,000 - $205,000 Employment type Full-time Remote Status Hybrid - some office and some remote work each week

    Salary : $185,000 - $205,000

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