AddressRWE Clean Energy, LLC
Functional area:Regulation / Risk Management
Remuneration:Exempt
The Associate Risk Analyst is responsible for working as part of the Wholesale Risk Management team and overseeing market risks associated with RWE Clean Energy Wholesale Services. Specific activities will include transaction confirmations, daily MTM, daily transaction tracking for CFTC Reporting, and credit exposure monitoring.
Perform various analyses on the company's portfolio, including mark-to-market valuations, stress testing, and forward curve validation. Evaluate proposed hedging strategies, policies, and procedures. Monitor and maintain the NYISO credit obligations for NYISO, PJM, and ISO-NE. Assist other team members in backing up their responsibilities related to commodity operational functions.
Responsibilities:
- Provide backup to the Commodity Operations team related to daily transaction confirmations
- Perform daily broker analysis to confirm margin excess/call
- Assure required transactions are reported to the Swap Depository on a timely basis
- Perform monthly data reconciliation between Allegro (Risk Trade System) and the Swap Depository
- Perform analyses of market pricing in the company's energy supply locations
- Analyze current and proposed hedging strategies to assess risk
- Track ISO credit requirements and maintain appropriate levels of financial security
- Analyses of potential new hedges for the Wholesale Energy Services group related to their Energy Management clients
- Perform other related tasks and assignments as required
Qualifications:
- Bachelor's degree (e.g., Finance, Accounting, Mathematics, Economics, or related major)
- Minimum 1-3 years of relevant work in the energy industry or related field
- Forecasting, energy industry research, and team building are highly desirable
- Strong interpersonal skills, with the ability to manage both internal and external customer relationships
- Strong understanding of energy commodity markets (physical and financial)
- Excellent proficiency with Microsoft Office (Excel, Word, PowerPoint, Outlook) and Teams
- Strong organizational skills and ability to coordinate multiple tasks and deliverables
- Ability to multi-task while working independently and as part of a team
- Motivated self-starter, goal-oriented, and strong problem-solving abilities
- Proven ability to empathize, build relationships, and effectively communicate with people from diverse backgrounds
- Responds well to direction, is easily challenged and developed, and is coachable
Disclaimer: The duties and responsibilities described are not a comprehensive list, and additional tasks may be assigned to the employee from time to time. Nothing in this job description restricts management's rights to assign or re-assign duties to this job at any time.
You must be eligible to work in the U.S. independent of company sponsorship.
Equal Opportunity Employer: RWE Clean Energy is an equal opportunity employer and, as such, affirms in policy and practice its commitment to recruit, hire, train, and promote in all job classifications without regard to race, color, creed, religion, sex, gender, age, national origin, marital status, sexual orientation, gender identity, gender expression, citizenship, eligible veteran status, disability, or any other status protected by law.
RWE Clean Energy is a federal contractor subject to VEVRAA and desires to receive priority referrals of protected veterans.
Pay range: The annual base salary range for this position in New York City is $70,000.00-$106,000.00. The listed salary range represents our good faith estimate for this position and represents the range for new hire salaries across all U.S locations. Please note that the salary information is a general guideline only. RWE considers factors such as (but not limited to) scope and responsibilities of the position, candidate’s education & work experience, training & certifications, and key skills as well as market and business considerations at the time of the offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays. Eligible employees also participate in short-term incentives, in addition to salary.
RWE is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
For 125 years RWE has been the source of energy for millions of people across the globe. Now we’re making all that energy green. This decade alone we’re investing €50bn into renewables and will be carbon neutral by 2040 – ten years earlier than most other global targets. This is a chance to play a key role on our journey.
Join our renewables specialists, working across the clean energy spectrum to grow our operations to 50 GW by 2030 – with some of the world’s largest on and offshore wind farms and industry-leading hydrogen initiatives. We’re also considered innovators in solar development including floating photovoltaics and agri-photovoltaics. Or add your expertise to our supply and trading operations, brokering renewable electricity, green gas, commodities, and CO2 emission allowances from one of our advanced energy trading floors.
We look forward to meeting you! Apply today. ad code 86325
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