Head of Market Risk CWE Green Power and BESS

About US (GEMS):

ENGIE Global Energy Management & Sales (GEMS) provides energy supply solutions and risk management services to support its clients through their decarbonization journey, while optimizing ENGIE’s assets and contributing to value creation.

ENGIE is a global reference in low-carbon energy and services with a leading energy management business, piloted by its entity "Global Energy Management & Sales" who built its savoir-faire managing the Group’s large and diverse asset portfolio over 20+ years.

3,600 employees around the world develop our solutions, through +20 international business platforms. We cover the full energy mix: renewable and thermal power, natural gas & LNG, biomass, environmental products. Our experts provide tailor made solutions based on a wide range of savoir-faire in energy management with a strong focus on decarbonation and decentralization.

Our 190,000 clients span the entire value chain: producers, asset developers, financial players, utilities, distributors and industrials. Our global reach and strong local presence enable us to offer these diverse clients tailor-made services and respond to rapid changes in mature or emerging markets alike.

Our 4 areas of expertise:

• Asset management

• Energy transition services

• Energy supply & global commodities

• Risk management & market access

At GEMS we encourage breakthrough results, team spirit, curiosity and innovation while preserving the right work/life balance for you.

More info on GEMS Hub (https://gems.engie.com) or LinkedIn (https://www.linkedin.com/company/engie-global-energy-management-solutions).

Context:

Within GEMS, the Risk Expertise Center’s purpose is to, on one hand, advise and help the Business Platforms in optimizing their activities making sure it respects all the rules and limits, and on the other hand, to manage, monitor and control the risks that GEMS is facing globally in its commercial and energy management activities.

Role:

As Head of Market Risk CWE Green Power and BESS, you will report to the Europe CRO and you will be in charge of the following (main) missions:

• HR manager of the Green Power + BESS Risk Analysts in your team (including Objectives Setting, Performance Reviews, Career Interviews,…);
• Calibrate local Green Power + BESS Risk limits for CWE (incl. Poland)
• Monitor local CWE (incl. Poland) Green Power + BESS Risk mandates and manage breaches;
• Proactive and constructive challenge of Front Office hedging strategies ensuring we reach an optimal risk/reward ratio in line with risk appetite;
• Review risk profile and profitability of special deals requesting an Origination Committee validation
• Support Engie Renewable Business Unit (RGBU) for the calibration of its market risk limits for CWE and Europe, for the Monthly Monitoring of the R-GBU Risk Mandates in CWE countries & EU global mandate and attend CWE monthly R-LEM’s;
• Control the different parameters used for the valuations (incl. provisions) and risk metrics of Green PPA’s and BESS for EU
• Maintain and improve Market Risk tools and reporting templates for GEMS (EU) and RGBU (CWE and EU).
• Cooperate closely with Transversal Market risk to ensure coherent implementation of the global market green risk framework

Hard skills:

• Must have:
  • Digital mindset;
  • Expert knowledge of Market Risk and Renewable Energy topics

Soft skills:

• Must have:
  • People management skills;
  • High level of Autonomy;
  • Good oral and written Communication skills;
  • Good Cooperation skills to work with many different stakeholders;

Education and professional background:

• You have a university degree in a quantitative field (Engineering, science, economics,…);
• You have a minimum of 5 years of relevant professional experience in the renewable energy field;

Languages:

• You are fluent in English;

Travels:

The position is based in Brussels, with frequent travels in all locations where GEMS is implemented.

If you meet these requirements, then you are the talent we are looking for. Do not waste time! 

Apply by attaching your updated CV, regardless your gender.

ENGIE Global Energy Management & Sales is committed to create a gender-neutral environment that unlocks the potential of everyone and provides equal employment opportunities for all individuals. 

All our positions are open to people with disabilities, please let your recruiter know if you need reasonable accommodations to be able to participate in the recruitment process, they will be happy to assist you. 

About ENGIE:

Our group is a global reference in low-carbon energy and services. Our purpose (“raison d’être”) is to act to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions, reconciling economic performance with a positive impact on people and the planet. We rely on our key businesses (gas, power, renewable energy, services) to offer competitive solutions to our customers. With our 96,000 employees, our customers, partners and stakeholders, we are a community of Imaginative Builders, committed every day to more harmonious progress.