Job Description

Job Summary: 

The Principal, Market Risk Analytics is responsible for analyzing financial and credit/collateral risks associated with energy trading and marketing activities, including the corresponding retail activity. This includes identifying and assessing potential risks, developing and implementing quantitative modeling, and monitoring and reporting on risk exposures. The position may also be responsible for developing, deploying and maintaining risk management tools. 

Essential Duties/Responsibilities:

Evaluate the financial, credit and collateral exposure of complex integrated energy portfolios under dynamic market conditions
Conduct financial analysis and modeling to evaluate the financial and risk profile of potential transactions, along with the associated credit and collateral implications
Perform model validations to ensure compliance with internally accepted risk frameworks
Knowledge of non-linear products (i.e., options), tolling agreements, and renewable power
Support the origination and execution of new business opportunities, including highly structured transactions, on a timely manner
Develop algorithms and predictive models to support risk management decisions, often customized to different market participants frameworks (i.e. ISOs)
Leverage problem solving, analytical skills, and new technologies to enhance and automate various risk processes
Responsible for developing centralized view of existing assets and prospective new transactions for scenario analysis that assemble disparate data sources
Work with senior risk managers to engage with portfolio managers and research analysts on topics such as risk limit usage, portfolio construction, tail exposure, and forward-looking risk events
Perform other duties as assigned

Minimum Requirements: 

Bachelor’s Degree from an accreted college or university is required
Minimum of five (5) years of energy electric or gas industry experience
Experience with Stochastic / Monte Carlo methods

Strong quantitative skills, including proficiency in modeling with Python large data sets with complex data feeds
Proficiency with data management and analytical tools (i.e., Power BI, SQL tools)
Product knowledge in electricity and gas

Preferred Qualifications:

Master’s degree from an accredited college or university in a mathematics-oriented discipline (e.g. Statistics, Mathematics, Engineering, Economics, Finance, etc.) is a strong plus
Programming skills with at least one scripting language other than Python (i.e., VBA, Matlab, R)
Familiarity with concepts of mathematical programming and market risk modeling practices

Additional Knowledge, Skills and Abilities:

Detail oriented and able to produce accurate work products under rapidly changing priorities
Ability to work independently and manage multiple projects simultaneously
Experience with trading and risk management systems like Aligne, Endur, etc. is a plus
Strong written and verbal communication skills

Working Conditions:

Hybrid work environment with 3 days per week in office and 2 days remote
Trade floor/open office environment with frequent collaboration within and across teams
Majority of work performed on a personal computer in a seated position

Why NRG is a great place to work:

Great company culture!! Voted as a BEST employer by Forbes
A competitive total compensation package, including annual incentive and/or commission
Stock Purchase Plan 
Benefits on the first day of employment - Medical, Dental, Vision, Life Insurance, and Short-Term Disability, Wellness program, etc.   
Company-paid life insurance and disability insurance
401 (k) plan to help save for retirement
Numerous discounts, including electricity discounts on NRG brands