Market Risk Senior Analyst

Requisition ID:  16540
Location: 

Houston, US, 77056

ENGIE is a global energy company, a leading provider of electricity, natural gas, and energy services. With 100 000 employees in more than 70 countries worldwide, ENGIE achieved revenue of €93.8 billion in 2022. ENGIE is committed to being a leader in the energy transition. We are looking for talented and motivated people to create the future of energy. Join a rewarding and flexible work environment that encourages innovation and creativity, and help us meet the energy challenges of today and tomorrow.

 

ENGIE Global Energy Management and Supply (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 Development group is a new team within the GEMS organization responsible for the strategic management of risk capital across the trading & portfolio management activities of GEM, the B2B Retail Supply organization and the Renewable Assets owned by ENGIE North America.

 

As an integral part of this team, the Market Risk Senior Analyst performs a series of tactical and strategic actions focused on support of maximizing business P&L while preserving healthy risk levels. In this role, you will be responsible for deploying market risk expertise into developing sophisticated risk management infrastructure and working with commercial and risk teams to propose, validate, and evaluate strategies.

 

This position is located in Houston, TX and reports to Risk Strategy Director. This position is eligible for a hybrid work schedule of both in-office and work-from-home days.

 

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.

 

What you’ll do:

  • Monitor markets trends, regulatory landscape, current risk levels and exposures, PPA terms, and other relevant sources of impacts, and propose volatility models, scenario analysis, and stress tests for underlying retail supply and renewable energy portfolios
  • Propose, evaluate, and validate commercial strategies that manage the value/risk balance of the various retail / renewable energy portfolios managed by GEMS individually and collectively (e.g., reducing basis risk, managing intermittency, etc.)
  • Collaborate with Market Risk, Front Office, and internationally with Risk ECs on the development and improvement of the risk metrics, and the proper representation of assets, PPAs, and other load obligations in the management systems
  • Understand the underlying market & credit risk structure of various GEMS portfolios and develop risk mandates/limits that allow for healthy risk capital for the monetization of such portfolios
  • Build and maintain models relating to VaR, price curve development, target optimization, and EVA
  • Support Business Development teams, offering views on particular ISOs market fundamentals, price x renewable production dynamics, etc.
  • Build, maintain, and publish internal models for tracking and evaluating asset-specific metrics per contractual terms
  • Perform credit risk and potential future exposure analysis for various contract structures
  • Perform ad-hoc fundamental and statistical analysis
  • Perform an economic analysis of structured transactions and advise origination & structuring teams
  • Collect and synthesize actionable market intelligence
  • Carry out other duties as assigned

What you bring:

  • Minimum of a four-year degree in an analytical and quantitative discipline is preferred
  • Master’s degree strongly preferred and a quantitative background preferred (e.g., Engineering, Finance, Economics, Math).
  • Minimum 5 years of general business experience
  • Minimum 3 years of relevant experience in Competitive Energy Markets, preferably dealing with Renewable assets and/or Retail Supply books.
  • Experience in the structure, transactions, and protocols of wholesale and retail energy markets (familiarity with the minimum of two markets across ERCOT, PJM, SPP, MISO, NEPOOL, and NYISO preferred)
  • Excellent data handling, structuring, organizing, processing, and presenting skills
  • (using Excel+VBA, SQL, Python, R, or any other data analysis tool)
  • Familiarity with cQuant platform is advantageous
  • Resourceful ability to use a variety of tools, data sources, and systems; and inherent curiosity to procure and test new resources
  • Familiarity with using ETRM systems is preferred
  • Knowledge of financial derivatives and commodity markets
  • 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 international cross organizational coordination
  • Ability to manage multiple competing priorities on a timely basis with a high degree of accuracy
  • Team player with the ability to work well with others
  • Open to feedback and debate.
  • Strong oral and written communication skills;
  • Confident in debating and defending analyses and perspectives

Additional Information/Conditions:

  • Must be eligible to work for any U.S. employer without the need for sponsorship now or in the future
  • 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
  • Ability to meet highest attendance requirements
  • Ability to communicate effectively, both written and verbally
  • Ability to handle multiple assignments on a timely basis with a high degree of accuracy
  • Ability to use a company computer, calculator,
  • Could involve some lifting
  • Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job
  • Reasonable accommodations may be made to enable individuals with the needed assistance to perform the essential functions 
  • Eligible for a hybrid schedule consisting of in-office and work-from-home opportunities


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. 

 

Unite with us in leading the transformation of the world of energy!  ENGIE is looking for talented and motivated individuals to create the future of energy and customer solutions.  Join a rewarding and flexible work environment that encourages innovation and creativity to help customers meet their energy challenges today and in the future.  Are you up for the challenge?

 

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 employment decisions at ENGIE are based on business needs, job requirements, and individual qualifications.  ENGIE is committed to providing equal employment opportunities regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity, or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service or veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate.

 

  • Salary Range: $97,965 - $150,454, annually
  • Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors
  • In addition to salary, this position is eligible for a competitive bonus / incentive plan
  • At ENGIE we understand that benefits matter, we offer competitive benefit options including medical, dental and vision coverage, life insurance, employer paid short-term and long-term disability insurance, paid vacation, holidays, sick leave, parental leave, and a 401(k) Retirement Savings Plan option with a company match
  • More information can be found here: Discover our employee benefits

ENGIE complies with all federal, state, and local minimum wage laws.

 

Your talent acquisition partner can share more specific information regarding the salary for the position based on the work location.

 

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.

 

Business Unit:  GEMS
Division:  GEMS - BP AMERICAS
Legal Entity:  ENGIE ENERGY MARKETING NA, INC.
Contract Type:  Permanent
Job Type:  Full - Time
Professional Experience:  Skilled ( >3 experience <15 years)
Education Level:  Bachelor's Degree


Nearest Major Market: Houston