Middle Office Analyst

Key Responsibilities

• Lead risk management oversight for Power trading activities, including open position monitoring, valuation controls, and mark-to-market (MTM) valuation.
• Deliver daily analysis and explanations of key risk metrics and any limit breaches.
• Cook up deal and price validation within the trading system, including deal checks, curve updates, and data reconciliation.
• Ensure timely and accurate deal capture and compliance with internal trading limits and risk policies to maintain transactional integrity.
• Apply critical thinking to risk reporting and exposure analysis across multi-product trading portfolio.
• Evaluate forward price movements, maintain and enhance risk models, and test new risk calculations.
• Absorb model assumptions against market fundamentals, proposing improvements to enhance valuation accuracy and risk quantification.
• Collaborate closely with Traders to identify, quantify, and explain key portfolio risk drivers, supporting informed decision-making.
• Support senior management reporting, contributing to the preparation and communication of trading results and position summaries.

Requirements

• Education & Experience:
• Degree in Economics, Finance, Business, Mathematics, or another quantitative discipline.
• Strong understanding of risk management methodologies and valuation models.
• Solid knowledge of MTM, VaR, and exposure quantification, with demonstrated Power Risk Management experience.
• Direct experience with North American power markets, particularly ERCOT, PJM, and CAISO.
• Strong understanding of power pricing structures, including experience validating prices using external market sources.

Skills

• Proficiency with Power BI, Python, or other data management tools such as Alteryx.
• High level of accuracy and efficiency, with the ability to meet strict deadlines.
• Strong flexibility regarding working hours, aligned with trading operations.