Position Title: Sr. Quantitative Risk Analyst (Power)

Position Overview:

Selby Jennings is partnered with a global energy firm, recognized for its provision of electricity, natural gas, and energy solutions. It is dedicated to spearheading the transition towards sustainable energy practices. Seeking individuals with exceptional talent and drive to shape the future of energy, the company offers a dynamic and flexible work atmosphere that fosters innovation and ingenuity.

As a crucial member of our team, the Market Risk Senior Analyst plays a pivotal role in executing both tactical and strategic initiatives aimed at optimizing business profitability while maintaining prudent risk parameters. In this capacity, you will leverage your market risk expertise to develop sophisticated risk management frameworks, collaborating closely with commercial and risk management units to propose, validate, and assess strategies.

Key Responsibilities:

• Keeping abreast of market trends, regulatory changes, risk levels, and exposures, as well as PPA terms and other relevant factors impacting retail supply and renewable energy portfolios.
• Developing volatility models, conducting scenario analysis, and performing stress tests for these portfolios.
• Evaluating and recommending commercial strategies to balance value and risk across various retail and renewable energy portfolios managed by GEMS.
• Collaborating with Market Risk, Front Office, and international Risk ECs to enhance risk metrics and asset representation in management systems.
• Understanding the market and credit risk structure of GEMS portfolios and establishing risk mandates and limits.
• Constructing and maintaining models for VaR, price curve development, target optimization, and EVA.
• Assisting Business Development teams by providing insights into ISOs market fundamentals and renewable production dynamics.
• Creating, maintaining, and sharing internal models to assess asset-specific metrics per contractual terms.
• Conducting credit risk analysis and potential future exposure assessment for different contract structures.
• Performing ad-hoc fundamental and statistical analysis.
• Conducting economic analysis of structured transactions and advising origination and structuring teams.
• Aggregating and synthesizing actionable market intelligence.
• Undertaking any other duties as assigned.

Qualifications :

• Preferably a four-year degree in an analytical or quantitative discipline; a Master’s degree is highly preferred, with a background in Engineering, Finance, Economics, or Mathematics.
• At least 5 years of overall business experience, with a minimum of 3 years in Competitive Energy Markets, particularly involving Renewable assets and/or Retail Supply books.
• Familiarity with wholesale and retail energy markets, ideally across two markets among ERCOT, PJM, SPP, MISO, NEPOOL, and NYISO.
• Proficiency in data handling, including Excel VBA, SQL, Python, R, or similar tools.
• Advantageous to be familiar with the cQuant platform and ETRM systems.
• Knowledge of financial derivatives and commodity markets.
• Strong analytical skills with the ability to provide precise insights, identify root causes, structure action plans, and effectively communicate recommendations to leadership.

The salary banding for this role is $110,000 - $150,000 depending on experience levels