Risk Control Program Manager

1 week ago

Austin, Texas, United States City of Austin Full time


Risk Control Program Manager (Mid Office) Below you will find the details for the position including any supplementary documentation and questions you should review before applying for the opening.

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Position Information

Position Information

Posting Title

Risk Control Program Manager (Mid Office)

Job Requisition Number

AE503684

Position Number

105581

Job Type

Full-Time

Division Name

Finance

Minimum Qualifications

Education and/or Equivalent Experience:


Bachelor's degree in related field plus six (6) years' experience in assigned areas of risk management, finance, or related fields of which two (2) are in a lead/supervisory capacity.

A Master's degree in related field may substitute for two (2) years of experience.

Licenses or Certifications:
None.
Notes to Applicants


Austin Energy is a community-focused, vertically integrated electric utility with market-leading track records in technology innovation, customer assistance, and environmental leadership.

The utility seeks an experienced leader for its Middle Office team of technical professionals, who manage power market settlements, counterparty credit risk, electric market rules, hedge program reporting, and trading policy compliance.


Working with Austin Energy provides a number of health and welfare benefits such as low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, career development opportunities and more.

Please click

HERE
for more information.

Employment Application:
The City of Austin employment application is an official document;

incomplete applications will not be considered.

The Employment Record should be complete with job titles, employment dates, job duties, functions, and responsibilities for each position held.

Starting salary will be based on overall relevant experience from your application.

Please be sure to detail on the application all current and previous employment that you wish to be considered as part of your qualifications.

Résumés will not be accepted and statements such as "see résumé" will not be accepted. You may use "N/A" for fields that are not applicable.

Please note that Austin Energy may close the job posting at any time after 7 days from the date of the initial advertisement.

Once the job posting has closed, applications cannot be changed.

If you are selected as a top candidate:

Verification of your education (which may include high school graduation or

GED , undergraduate and/or graduate degrees) will be required. You must provide proof of education from an accredited organization/institution.

If you are identified as a top candidate and are in the military or a veteran, you will need to provide a copy of your DD-214 prior to confirming a start date.

This position requires a criminal background investigation.

GOOD

STANDING

COA

EMPLOYEES :


Employees, in Good Standing, who are candidates within the department/division that the position resides in and who meet the minimum and preferred qualifications (if any) of the position will be included in the initial interview.

Department/division employee must remain in Good Standing through the Top Candidate Selection phase at which time the Good Standing status will be re-verified.


ERCOT
This position requires the use of an

ERCOT

Digital Certificate ( EDC ) and therefore will require a security review to determine if the candidate meets all the requirements for issuance of the

EDC .

Pay Range

Commensurate

Hours

Monday – Friday (8:30 a.m.

5:30 p.m.)
50% Hybrid Telework / Flexible work Schedule
Hours may change due to departmental needs

Job Close Date

06/17/2024

Type of Posting

External

Department

Austin Energy

Regular/Temporary

Regular

Grant Funded or Pooled Position

Not Applicable

Category

Professional

Location

4815 Mueller Blvd, Austin Texas 78723

Preferred Qualifications

Preferred Experience:


Experience in implementing best practices, including quantitative methods, in energy trade valuation, quantitative risk measurement, cash flow management, and hedge program performance measurement.

Knowledge of best practices in governance, checks and balances, and audit support for trading programs.
Experience in negotiating, valuing, and/or settling utility-scale Power Purchase Agreements for renewable electric power
Experience in managing power settlements with an Independent System Operator (
ISO), such as the Electric Reliability Council of Texas (
ERCOT ), including verifying settlements, reporting on revenue categories and charge groups, and managing

ISO
disputes.
Working knowledge of, and experience using, mid-level statistics and mid-level data science techniques.

Skill in determining and communicating the most important and most actionable information from large, noisy, and complex sets of operational and market-based data.

Skill and experience in leading complex projects to successful completion.
Duties, Functions and Responsibilities

Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.

  • Advise Risk Oversight Committee, Chief Risk Officer, and other interested parties on the state of energy trading and risk management program compliance, performance, violation of governing rules and regulations, and the City and Austin Energy's exposure to various risks.
  • Provide oversight to the installation and implementation of deal capture and risk analytical systems for monitoring the compliance and measuring the performance of Austin Energy's fuel and energy trading and risk management operation.
  • Provide leadership in development and implementation of internal processes to monitor, evaluate, and report on fuel and energy trading, property insurance, claims, infrastructure and risk management operation to ensure compliance with the established rules, standards, policies, and procedures.
  • Train appropriate staff and managers on fuel and energy trading, liability insurance, claims, infrastructure and risk management rules, standards, and processes to ensure compliance.
  • Manage credit risk for fuel and energy trading and risk management operation. Manage Austin Energy's credit requirements with

ERCOT .

  • Represent Austin Energy in

ERCOT

protocol development activities to defend municipality owned utilities position.

  • Provide liability and risk strategies to AE's Management/Executive Team and work with City's Litigation team
  • Conduct and review infrastructure billing and collections
  • Manage the Austin Energy enterprise risk management function
Responsibilities - Supervision and/or

Leadership Exercised:
Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.
Knowledge, Skills and Abilities


Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.


Knowledge of wholesale fuel and energy market and evolving industry and regulatory development and impact on fuel and energy industry.

Knowledge of applicable processes, techniques, and methods in area of utility financing, energy risk management
Knowledge of Credit Risk Management
Knowledge of Liability, Claims, Infrastructure and Property Insurance
Knowledge of Federal, State, local laws, and ordinances governing risk management in the electric utility industry.
Knowledge of electric industry reliability practices, policies, and procedures, and standards.
Knowledge of Austin Energy's wholesale power and fuel requirements.
Knowledge of fiscal planning and budget preparation including financial regulatory and managerial accounting practices and

FERC
requirements.
Knowledge of supervisory and managerial techniques and principles.
Skill in risk metrics analysis and financial and physical portfolio
Strong Skills in oral and written communication.
Strong Skills in planning and organization.
Ability to work with frequent interruptions and changes in priorities.
Ability to train others.
Ability to quickly recognize and analyze irregular events.
Criminal Background Investigation

This position has been approved for a Criminal Background Investigation.

EEO/ADA

City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call or Texas Relay by dialing


The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation.

In addition, the City will not discriminate in employment decisions on the basis of an individual's

AIDS,

AIDS
Related Complex, or

HIV
status; nor will the City discriminate against individuals who are perceived to be at risk of

HIV
infection, or who associate with individuals who are believed to be at risk.

Supplemental Questions

Required fields are indicated with an asterisk (*).

  • Do you meet the minimum qualifications for this position?
  • Bachelor's degree in related field plus six (6) years' experience in assigned areas of risk management, finance, or related fields of which two (2) are in a lead/supervisory capacity.
  • A Master's degree in related field may substitute for two (2) years of experience.
Yes
No

  • Please describe how you meet these minimum qualifications. Please detail how you meet the educational requirements (if applicable), account for the years of related experience (if applicable), and explain any substitutions of experience for education, or vice-versa (if applicable). (Open Ended Question)
  • Please describe your experience generating quantitative results for valuation, risk, credit risk management and performance measurement for a trading operation. (Open Ended Question)
  • Please describe how you have advanced best practices in governance, checks and balances, and audit support in a trading program. (Open Ended Question)
  • Please describe your experience in negotiating, valuing and/or settling utility scale power purchase agreements for renewable electric power. (Open Ended Question)
  • Please describe your experience managing settlements with an Electric Independent System Operator (ISO) such as the Electric Reliability Council of Texas (
    ERCOT) (Open Ended Question)
  • Please describe your experience using statistics and data science techniques in your professional roles (Open Ended Question)
  • Please describe techniques you use to determine and communicate important and actionable information from large and complex sets of operational or maket-based data. (Open Ended Question)
  • Describe your experience leading complex projects/programs from beginning to end. (Open Ended Question)
  • This position requires a criminal background investigation (CBI). By selecting the following, you are acknowledging that you understand if you are selected as a top candidate for this position, you will need a successful CBI to be hired.
I acknowledge and understand this position requires a Criminal Background Investigation.

  • This position requires the use of an
    ERCOT Digital Certificate (EDC) and, therefore, will require a Security Review to determine if the candidate meets all the requirements for issuance of the EDC. Do you consent to a Security Review?
Yes
No

Optional & Required Documents

Required Documents

Optional Documents
Contact City of Austin Employment Services

Office:
JOBS (5627)

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