Associate Risk Analyst

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you're looking for.
Position Summary
This individual will be working closely with the front office to confirm transacted deals. In addition, this individual will work with external customers to validate the transactions. Under general direction, gathers commodity prices from various sources and prepares data for use in risk management system for energy commodity valuations. Provide specific price data and analysis requested by various commodity management groups. Prepare daily energy commodity risk evaluations.
Essential Responsibilities

• Produce and distribute daily risk reports including daily trading P/L, open positions and value-at-risk.
• Gather, compile and evaluate information needed for daily forward curve mark-to-market process. Perform daily pricing process, including validating trader marks against third party sources.
• Interface with accounting, trade floor and other commodity management groups to provide information related to transactions, valuations and credit exposures while monitoring and reviewing trading documentation to ensure transactions are in compliance with risk management policies and procedures (e.g. deal entry into BookRunner).
• Independently research and respond to daily inquiries for data and reports.
• Reconcile the daily margin calls and coordinate the transfers of collateral with our trading counterparties.
• Assist in daily monitoring of trader portfolios, as assigned.
• Maintain risk/pricing models in an auditable format for internal review, external regulatory review and to maintain compliance with accounting standards.
• Production of month end reports for use in accounting close in accordance with accounting standards.

Minimum Requirements

• Minimum Requirements: Bachelor's Degree required (Business, Finance, Economics, Statistics, Math) prefer quantitative discipline
• Experience with commodity markets or equity trading preferred.
• Good written and oral communication skills.
• Database management, VBA, C++ or other financial modeling skills preferred.

Preferred

• Experience in Transaction Process Administration, Contract Administration or Risk Management
• Strong interpersonal skills and oral and written communication skill
• Demonstrated organization, prioritization and analytical skills

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you're ready to be a part of something big, we invite you to join our team.
All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Individuals with a disability who need an accommodation to apply please contact us at recruiting@xcelenergy.com.
Non-Bargaining
The anticipated starting base pay for this position is: $52,000.00 to $73,332.33 per year
This position may also be eligible for the following benefits and/or pay components: Pay - Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Personal holidays, Volunteer Paid Time Off (VPTO) (full-time employees only), Parental Leave
Pay and benefit packages may vary based on position. Some employees are under collective bargaining agreements, which determine the benefits they will receive. If the information conflicts with the terms of the written plan documents governing the plan, the plan document will control. Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part.
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ACCESSIBILITY STATEMENT
Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at recruiting@xcelenergy.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.