Analyst, Power Market Risk

Primary Purpose Of Position

The successful candidate will be an integral part of the risk management function of Constellation. The company's wholesale power marketing and trading organization is responsible for optimizing the profitability of a growing portfolio of assets and load obligations as well as the implementation of risk management objectives. The Market Risk function is responsible for the oversight of market risk dynamics and their impacts on Constellation's total portfolio.

Responsibilities

• Provide daily update of risks and positions for specified region(s) - including significant changes.
• Use quantitative methods to develop new frameworks and perform ad-hoc analyses for risk limits and guidelines as required by business activity, market events, or changes in risk appetite.
• Raise potential issues to Market Risk Management.
• Enforce compliance with trading limits as well as market risk policies and procedures.
• Calculate, streamline, and automate risk metric processes to improve efficiency and maintain high quality standards.
• Establish and strengthen active dialogue with portfolio managers to understand and quantify emerging market risks and hedge strategies.
• Prepare analysis for Risk Management Committee meetings and provides special or ad hoc analysis to support various management meetings.

Minimum Qualifications

• Bachelor's Degree in a related field
• 2-years of related experience including at least 1-year in energy or financial product risk management
• Experience with PowerBIDemonstrated proficiency in statistics, financial modeling, and options theory
• Demonstrated ability to work effectively and independently in a fast-paced and rapidly changing environment
• Demonstrated ability to challenge the status quo while engaging constructively when challenged
• Excellent academic background
• Experience in energy markets
• Strong organizational, time management, and problem-solving skills
• Strong organizational skills with high work standards; takes initiative, adapts quickly to change, and exercises excellent judgment to solve problems and implement effective solutions
• Advanced proficiency with Microsoft Office applications (e.g. Microsoft Excel, PowerPoint, etc.)
• Excellent interpersonal and communication skills, including verbal and written
• Ability to effectively collaborate and present to other professionals and/or senior leadership in a concise and confident manner
• Proven ability to work effectively both independently and collaboratively in team environments
• Has acquired a high level understanding of the group's overall processes, with process improvement in mind. (Challenge the status quo)
• Exhibit strong problem-solving, analytical, and critical thinking skills

Preferred Qualifications

• Master's degree in Finance, Economics, Business Administration or Engineering
• Experience with VBA, PowerBI, Python, Matlab, or SQL
• Proven understanding of price and volumetric risk and their application to hedging load and generation positions
• Demonstrated understanding of energy related contracts

Benefits

Expected salary range of $79,200 to $88,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k).