Deriva Energy

Market Risk Manager

Deriva Energy

full-time

Posted on:

Location Type: Hybrid

Location: Charlotte • California • District of Columbia • United States

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Tech Stack

PythonSQLTableauVBA

About the role

  • Responsible for market risk assessment, monitoring, modeling, and analysis functions for Deriva Energy wind and solar portfolio.
  • Analyze market trends, assess risk exposure and risk management strategies.
  • Analyze information from internal and external sources.
  • Read and interpret contract terms.
  • Leverage settlement data, model various scenarios and communicate asset performance with various internal stakeholders.
  • Facilitate Renewable Energy Credit contracting and analyze/research ad-hoc requests to support management decision making.
  • Support asset recoverability and Mark to Market valuations.
  • Monitor Company Risk Policy compliance and report any exceptions.
  • Assist the Middle Office in the development of sophisticated financial models.
  • Balance open collateral and margin positions with counterparties and ISOs.
  • Evaluate basis risk, price risk, and generation risk.
  • Manage counterparty credit risk.
  • Conduct credit reviews and financial analysis for counterparties.
  • Establish and monitor credit limits, collateral thresholds, and margin requirements.
  • Oversee exposure reporting.
  • Partner with Legal and Commercial teams on credit terms and ISDA/EEI negotiations.
  • Review trades and ensure proper capture within the trade capture system.
  • Assess the risk profile of the power portfolio.
  • Contribute to the development and maintenance of Revenue at Risk models.
  • Support the Front Office with periodic and ad-hoc analytical requests.
  • Review and validate valuation models.
  • develop and maintain Power Curve pricing.
  • Review PPAs and contractual agreements.
  • Perform queries in energy trading systems.
  • Coordinate REC Transfer and Sales Agreement between the teams.
  • Work with the Power Marketing team to maintain the portfolio REC inventory and expected position.
  • Monitor the power markets for hedge opportunities.
  • Assist in the preparation for the annual generation and market revenue budgets.
  • Develop tools and processes for Mark to Market reporting.

Requirements

  • Bachelor’s degree with major in engineering, accounting, finance, economics or related discipline
  • Five (5) years or more of increasingly diverse or complex experience in related field in addition to degree
  • In lieu of bachelor's degree, high school diploma/GED AND 10 years or more years of related work experience
  • Strong quantitative and qualitative data modeling skills
  • Professional designation such as FRM, ERM or CPA will be considered an asset
  • Renewable Energy experience
  • Working knowledge of GAAP
  • Possesses fundamental knowledge of energy trading and risk management practices
  • Advance knowledge of Microsoft Excel, PowerQuery, PowerBi or Tableau
  • Demonstrated ability to manage and assess large amounts of data and distill for management consumption
  • Understanding of different trading platforms or work experience with, Aveva PI system, ZE Power, Zema, Hitachi ABB curves, Woodmac Genscape, Morningstar, Yes Energy, and various Financial and Accounting software (i.e., IFS, OneStream, etc.)
  • Knowledge of programming languages i.e. VBA, SQL, Python or similar
  • Experience with complex power purchase agreements, VPPAs, and CFD
  • Knowledge of financial derivatives, options, and futures, and their application in risk management
  • Understanding of the various ISO’s and RTO’s and their basic operations, the wholesale energy markets and products including Energy, Transmission and Capacity and experience using RTO data interface
  • Understanding of emissions and REC products
  • Experience leading large projects with both direct and indirect oversight of work
  • Excellent written and oral communication skills
Benefits
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Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
market risk assessmentdata modelingfinancial modelingcredit risk managementvaluation modelspower curve pricingrisk management practicesfinancial derivativesquantitative analysisqualitative analysis
Soft Skills
communication skillsanalytical skillsproject managementstakeholder managementdata distillationcollaborationproblem-solvingdecision makingleadershiporganizational skills
Certifications
FRMERMCPA