Market Risk Analyst
Smartest Energy
Flexibility is vital to success in our business and many of our staff work flexibly in many different ways, including part-time, 4 days @ 80% salary and compressed hours. Don't let anything stop you from applying.
Posted 2 months ago
Only considering candidates who are eligible to work in NYC, USA ⚠️
The future of energy is digitized, decarbonized and localized. At Smartest Energy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.
Formed in 2001, we’re an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our office in the US, we have three offices in the UK and another in Australia. Further expansion is planned for 2024 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.
Flexibility is vital to success in our business and many of our staff work flexibly in many different ways, including part-time, compressed hours, remotely or a mix of remote/office. Please talk to us about what flexibility means to you and don’t let anything stop you from applying.
When you join our Team, you will have the opportunity to contribute and make an impact every single day.
Overview
Job Type: Full Time
Job Location: NYC Office-Hybrid
Pay: $130,000-$200,000
The principal role of the Lead/Senior Risk Analyst is to oversee and support Risk function on the following: calculation of PL and advanced analytics (e.g., complex deal modelling, stress tests, PFE), modelling of options, Monte Carlo simulation, volatility, VaR, and other risk metrics, creation and distribution of risk reporting, and development of risk reporting templates. This will cover power, gas, capacity, ancillary, transmission and renewable markets in various ISOs. These activities will often require interaction with our external counterparties, exchanges, and our FCM. This work is crucial for the Company to understand the risks taken around tradable and non-tradable exposures and make the appropriate business judgments.
Though the main focus will be on these main risk areas, the role is also required to report on and perform development activities for other products and components. This could include but is not limited to options, price simulation, etc.
In this role, you will be involved with the following:
- Calculation of PL advanced analytics associated with options, PPA valuation, and structured deal valuation.
- Calculation of Potential Future exposure of the portfolio as well as a sub-set of existing, and future, Origination deals.
- Monitoring and reporting on the various traded and non-traded positions held by the company, daily calculation and reporting on PL and VaR, Monitoring and reporting on the risk limits;
- Development of new risk reporting templates and functionality fit for new business requirements, including testing, and documentation.
To be successful in this role, you are likely to have the following skills/experience:
- Minimum 7-10 years of experience in a Pricing, Trading, Analytic, or Risk Role, preferably in US Retail Power or Commodities.
- Advanced understanding of risk concepts such as volatility, correlation, and VaR;
- A start-up mind-set where you are flexible and able to quickly re-prioritize
Diversity
Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability and genetic information (including family medical history). EOE.
We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.
