Date Posted
Category
Salary
Job type
Work model
Level
Location
Unfortunately, this job posting is expired. Please click here to view related job postings.
Company

Cleco Corporate Holdings LLCSee more

addressAddressPineville, LA
type Form of workFull-Time
CategoryInformation Technology

Job description

We're committed to being the clean energy leader in Louisiana. By investing in renewables like solar and utilizing carbon capture and sequestration technology to make our air cleaner, we're in this for the long haul, because our state and future generations depend on it. Come be a part of our journey at Cleco where we're Energizing Your Tomorrow.

The Commodity Controls Risk Analyst II is an experienced professional with knowledge of Physical and Financial Commodity Risk Management and Controls principles, practices, concepts, and theories. The incumbent monitors daily commodity market and credit risk exposure and transaction activity, and responds to alerts for delegation of authority violations, risk policy or controls issues. The incumbent reviews and reconciles the daily prices used for mark-to-market and value at risk valuation and produces daily commodity and credit risk reports. The incumbent reconciles any differences in commodity transaction bookings, prices or other issues with the front office and the back office; and supports drafting risk controls, policies and procedures controls, management presentations, and integration of report design through SQL or Business Intelligence tools. This role requires base level quantitative, data analytics, and business intelligence experience.

Key Responsibilities
  • Brings and develops deep understanding of ETRM systems and how they support the transaction lifecycle; maintain segregation of duties and segregation between business units for all risk analysis and reporting
  • Ensure all commodity transaction activity and exposures are accurately modeled and complete, resolve any transaction and price data issues in the ETRM system of record, and ensure transactions comply with delegation of authority and risk limits
  • Analyzes market and counterparty credit risk for risk exposures to help the businesses better manage portfolio risk exposure.
  • Review and consolidate independent mark-to-market valuations of commodity transactions and instruments and research anomalies in valuation; ensure accurate mark-to-market valuations of commodity transactions
  • Support Risk Management across the risk organization, including ERM and Risk Analytics, by supporting documentation, walkthroughs and data gathering requests for risk control, internal and external audits
  • Participate in requirements definition documentation and testing of ETRM systems for managing the commodity lifecycle
  • Understand work at enterprise level across front, middle, and back office, learn the commodity lifecycle processes and procedures from capturing commodity transactions to physical and financial settlements
  • Monitor adherence to middle office controls and ETRM software daily process; identify issues in commodity transaction booking and controls breaches; review timely and accurate recording of transactions in ETRM system, validate adherence to transaction controls and escalate any issues
  • Perform transaction validation of risk attributes, embedded optionality and appropriate composite pricing; communicate and support reconciliation of credit exposure, margin calls and collateral requirements
  • Manually import market prices (as needed) and validate market prices automatically interfaced from market data sources
  • Regularly produces risk and financial reports, commodity transaction, portfolio, and credit exposure reports, management dashboards, presentations and visualizations to communicate risk exposures, risk attributions and change rationalization using quantitative data analytics capabilities, report writing development, and business intelligence software
  • Liaise with front office to review transaction bookings and compliance with delegation of authority, and to reconcile differences in valuation, missing trades, etc.; Interact with back office to support commodity transaction confirmation, settlements, pricing or other related issues
  • Develop relationships to be an effective business partner with assigned business functions or subject matter professionals to support Risk Analytics and Controls business objectives
  • Actively engage in process improvement initiatives to enhance Risk Management service delivery and processes; identify automation areas to reduce routing manual tasks
  • Help lead efforts for continuous improvement of risk lifecycle analytics, software and business intelligence tools; participate in the integration of current systems (e.g., SAP) and analytical techniques to enhance/streamline current operations
  • Champion a corporate culture that emphasizes risk decision making, transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence


Qualifications

Required Education, Experience, & Skills
  • Master's and/or Bachelor's degree in Finance, Business, or related field
  • 2+ years of related experience in Energy Trading and Risk Management (ETRM) systems/supporting technologies for commodity transaction management, specifically in Power and Utilities sector
  • Experience with Allegro ETRM system preferred
  • Strong knowledge of MS Excel required, working knowledge of VBA, C++, SQL, Python, R & Business Intelligence Software preferred
  • Knowledge of gas, coal and power transactions and MISO power market preferred
  • Strong analytical, problem-solving, planning, and project management skills
  • Willingness and ability to learn new technologies on the job
  • Ability to exercise judgment with little direction/guidance but also knows when to escalate to the Manager, Risk Management and Controls
  • Proficient at functioning effectively within a team environment, present ideas and opinions in a respective and collegial manner
  • Step progression levels based on skill proficiency and scope of job


Licenses and Certifications
  • CFA, FRM and other risk management accreditations are a plus


Primary Competencies

BEHAVIORAL
  • Balances Stakeholders
  • Ensures Accountability
  • Courage
  • Nimble Learning
  • Demonstrates Self-Awareness
  • Plans and Aligns
  • Drives Results
  • Strategic Mindset
  • Drives Vision & Purpose
  • Communicates Effectively
  • Safety


TECHNICAL (Core for Function)
  • Financial Reporting & Data Analysis
  • Business Insight
  • Instills Trust
  • Industry and Business Knowledge
  • Risk Management
  • Project & Change Management
  • Business Partnering
  • Planning, Forecasting, Budgeting
  • Financial Modeling
Refer code: 2329628. Cleco Corporate Holdings LLC - The previous day - 2023-02-03 14:35

Cleco Corporate Holdings LLC

Pineville, LA
Popular Risk Analyst jobs in top cities
Jobs feed

Restaurant Clerk

Orlando's Market

Escalon, CA

$15.50 - $20.00 an hour

Customer Service Manager

On Tops Roofing

Cary, NC

$21 - $23 an hour

In Home Caregiver

Legacy Home Care Services

Salida, CA

$16.50 an hour

Dietary Technician Part-Time

Shriners Children's

Elmwood Park, IL

Executive Brokerage Administrative Assistant

Colliers

Rogers, AR

$45,000 - $50,000 a year

Restaurant Crew Member & Shift Manager

Taco Bell

Norfolk, VA

$12 - $15 an hour

Security Badging and Access Coordinator

Allied Universal®

Cary, NC

$24.68 an hour

(USA) Personal Shopper - Sam's

Sam's Club

Tupelo, MS

Cleaning Technician

Stop And Look Cleaning

Tupelo, MS

$10 - $14 an hour

Operations Team Lead - Full Time

Belk

Tupelo, MS

$28.5K - $36.1K a year

Share jobs with friends

Related jobs

Risk Analyst - Commodity Controls (Hybrid)

Consulting Solutions Analyst Relations Senior Manager - Cyber & Risk

Price Waterhouse Coopers

$110K - $140K a year

New Orleans, LA

2 months ago - seen

Internal Auditor & Audit Coordinator/Risk Analyst

Guaranty Bank & Trust Co

New Roads, LA

2 months ago - seen

Business Information Analyst - Credit Risk Management

Hancock Whitney Corp.

New Orleans, LA

3 months ago - seen

Risk Analyst

SCP Health

Lafayette, LA

3 months ago - seen