Market Risk Advisor
Posting date : 08/05/2024
Requisition ID : 28073
Market Risk Advisor
What You Can Expect
ENGIE Global Energy Management and Sales (GEMS) is responsible for managing the portfolio of electricity, natural gas, environmental products, and bulk commodities for ENGIE and its external clients, on an international level. The Risk team within GEMS is responsible for the measurement, control, and reporting of all market-based activities as well as the strategic management of risk capital across these activities, notably the trading & portfolio management activities of Global Energy Management (GEM), the Business to Business (B2B) Retail Supply organization and the Renewable Assets owned by ENGIE North America.
As a Market Risk Advisor in Houston, you will work with Commercial and Risk teams to provide analytical, market insight and strategy support focused on evaluating various risk management strategies and optimizing Profit & Loss (P&L) within the risk mandates.
Your daily responsibilities will include a combination of regular and ad-hoc tasks including among others risk assessment of origination deals and investments; evaluating regulatory and market changes, updating models and analyses, and responding to requests from Front-Office and other Global Business Units on portfolio and risk impacts.
- Develop, enhance and maintain tools, methodologies and reports that evaluate pricing and risk assessment of various commercial transactions
- Perform periodic and ad-hoc analysis; Propose, evaluate, and validate commercial strategies that manage the value / risk balance of the various retail supply / renewable energy portfolios (power, gas, Battery Energy Storage System (BESS)) managed by GEMS and other GBUs (Global Business Units) individually and collectively (e.g. reducing basis risk, managing intermittency, etc.)
- Collaborate and participate in knowledge sharing with various stakeholders and Expertise Centers (e.g. Risk, Expertise Center- Markets, Assets & Supply); support Commercial, Origination and Business Development activities, offering views on ISO’s market fundamentals (Electric Reliability Council of Texas (ERCOT), Pennsylvania New Jersey Maryland Interconnection (PJM), Southwest Power Pool (SPP), Midcontinent Independent System Operator (MISO), New York Independent System Operator (NYISO), ISO New England (ISO-NE)), Renewable Energy development and Power Purchase Agreement (PPA) pricing opportunities, price vs. renewable production dynamics, etc.
- Use benchmarking data to support valuation and competitive assessments, and create a benchmarking process to evaluate actions undertaken by front-office
- Build, maintain and publish internal models for tracking and evaluating asset-specific performance metrics
- Identify and recommend risk reducing offsets and efficiencies in avoided bid-ask spreads and credit across the ENGIE portfolio
- Perform economic analyses of structured transactions Economic-Value-Added (EVA) to support Origination & Structuring activities of GEMS front-office and other business units
- Research and analyze subjects including historical and forward market prices, market fundamentals, customer load analysis, financial forecast variances and advise internal stakeholders in terms of general structuring advice as well as optimization of returns throughout the transaction process
- Track, collect and synthesize actionable market intelligence
- Assess impact of regulatory developments on commodity risk positions and provide feedback back to the front office
- Carry out other duties as assigned
What You’ll Bring
- A minimum of four-year degree in which you completed courses in an analytical and quantitative discipline (e.g., Engineering, Finance, Economics, Math)
- A minimum of seven years of general business experience with minimum three years of relevant experience in Competitive Energy Markets, preferably dealing with Renewable assets including BESS and/or Retail Supply books
- Knowledge of financial derivatives and commodity markets (gas, power, and environmental products)
- Proficient in data handling, structuring, organizing, processing, and presenting skills (using Advanced Excel+ Visual Basic for Applications (VBA), Structured Query Language (SQL), Python, R, or any other data analysis tool)
- Resourceful with ability to use a variety of tools, data sources, and systems; inherent curiosity to procure and test new resources
- Experience in the structure, transactions, and protocols of wholesale and retail energy markets ideally under a variety of regulatory systems (familiarity with the minimum of two markets preferred - ERCOT, PJM, SPP, MISO, New England Power Pool (NEPOOL), and NYISO)
- Knowledge of a portfolio approach to valuation, where assets sit within an integrated value chain
- Analytical profile, ability to provide precise and solid insights, identify causes and conditions, structure action plans, and propose and defend those to the leadership
- A focus on deadline-driven project management skills for cross organizational coordination
- Ability to manage multiple competing priorities on a timely basis with a high degree of accuracy and limited oversight
- Team player comfortable operating in matrixed structure and managing stakeholder expectations
- Excellent communication and presentation skills with ability to develop cogent reasoning to defend analyses and perspectives
Additional Details
- This role is eligible for our hybrid work policy
- Must be willing and able to comply with ENGIE’s policy with respect to COVID vaccination and testing
- Must be willing and able to comply with all ENGIE ethics and safety policies
Compensation
Salary Range: $112,000 – $172,500 USD annually
This represents the average expected pay range for a qualified candidate.
Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.
ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.
In addition to base pay, this position is eligible for a competitive bonus / incentive plan.
Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location.
At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.
Why ENGIE?
ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.
At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.
We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.
This role is eligible for sponsorship.
The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.