Power & Gas Trading Risk Manager

About

Point72 Asset Management is seeking a Risk Manager specialized in Gas and Power Trading to join our Risk Management & Quantitative Research (RQR) team. The RQR team plays a vital role in the firm’s investment process, building a deeply rooted culture of efficient risk management and factful performance attribution. Risk managers will lead research efforts to identify opportunities for improved risk management, investment behavior, and portfolio construction, with the goal of helping the firm deliver superior risk-adjusted performance. The paramount mission of the team is to protect the firm from excessive levels of exposure and ensure that risk-taking is efficient and deliberate.

Responsibilities

• Focus on the risk and activities of all Gas and Power Trading PMs as well as overall such risk across the Global Macro and Cubist Macro businesses.
• Identify, capture, and communicate material risks of the business, including credit, tail risk, liquidity, and convexity.
• Ensure that risk-taking at the individual portfolio level and at the firm level is efficient and deliberate, by setting appropriate risk guidelines and limits.
• Develop and advance stress testing and VaR frameworks.
• Develop and maintain a framework for capital allocation to maximize risk-adjusted returns and profitability at the various business levels and at the firm level.
• Actively manage the firm’s risk exposures through regular meetings, analysis and insights.
• Lead research efforts to develop innovative risk management approaches, tools and analytics by leveraging the collective knowledge of the platform. The goal is to enhance the quality of performance and improve the firm’s risk-adjusted return.
• Enhance management’s understanding of investment performance by developing intuitive and efficient frameworks for performance attribution and educate all internal constituencies on those frameworks.
• Provide additional support with other risk managers in managing the market risk across the Macro business.
• Manage and mentor Quantitative Analysts on the team.

Requirements

• Five or more years of experience as a risk manager or a portfolio manager, directly related to US and European power & gas products.
• Solid energy product knowledge and analytical rigor in terms of pricing models, risk sensitivities and the best practice for risk aggregation in a portfolio context.
• Detailed understanding of risk management, portfolio construction, and trading.
• High level of proficiency in SQL and quantitative programming (e.g. Python, MATLAB, R); experienced in dealing with large data sets.
• Strong communication skills and prior experience interacting with portfolio managers.
• The ability to manage multiple tasks independently and deadlines in a fast-paced environment.
• The ability to proactively seek new ideas and solutions to improve the status quo.
• The ability to work cooperatively with all levels of staff as part of a team.
• Excellent interpersonal skills and “emotional intelligence” – we seek a demonstrated ability to build relationships both internally and externally.
• Strong communication skills – an ability to clearly and concisely articulate complex ideas to senior management and portfolio managers is critical.
• A commitment to the highest ethical standards and to act with professionalism and integrity.

Qualifications

• Education: Bachelor's degree or equivalent in Finance, Economics, Engineering, or a related field.
• Experience: Five or more years of experience as a risk manager or a portfolio manager, directly related to US and European power & gas products.

Skills

• SQL and quantitative programming (e.g. Python, MATLAB, R)
• Communication skills
• Interpersonal skills
• Emotional intelligence
• Professionalism and integrity

Benefits

• Annual base salary range: $250,000 - $300,000 (USD)
• No mention of benefits is provided in the job posting.

Pay

• Annual base salary range: $250,000 - $300,000 (USD)

Schedule

• Not specified in the job posting.