Analyst, Power Market Risk

About the Role

The successful candidate will be an integral part of the risk management function of Constellation, supporting the regional Power Portfolio by monitoring market risks, identifying key risk drivers, analyzing exposures, and assessing PNL impacts. This role involves developing and enforcing risk limits, tracking portfolio sensitivities, and collaborating on strategies to mitigate downside risk while enhancing profitability. As the primary liaison between the Market Risk Group and the trading desk, the individual will become a subject matter expert on the portfolio, ensuring objective daily risk oversight.

Responsibilities

• Provide daily updates 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.
• Raise potential issues to Market Risk Management.
• Enforce compliance with trading limits, 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 provide special or ad-hoc analysis to support various management meetings.

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 PowerBI.
• Demonstrated proficiency in statistics, financial modeling, and options theory.
• Strong organizational, time management, and problem-solving skills.
• Advanced proficiency with Microsoft Office applications (e.g., Excel, PowerPoint).
• Excellent interpersonal and communication skills, both verbal and written.
• Ability to work effectively under high-stress situations in dynamic, fast-paced environments.

Preferred Qualifications

• Master's degree in Finance, Economics, Business Administration, or Engineering.
• Experience with VBA, 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.

Pay

Expected salary range of $79,200 to $88,000, varies based on experience.

Benefits

• Bonus program
• 401(k) with company match
• Employee stock purchase program
• Comprehensive medical, dental, and vision benefits
• Robust wellbeing programs
• Disability and life insurance benefits
• Paid time off for vacation, holidays, and sick days