Senior Quantitative Analyst/Quantitative Analyst, Risk Analytics

WHO WE ARE As the nation's largest producer of clean, carbon-free energy, Constellation is focused on our purpose: accelerating the transition to a carbon-free future. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace where our employees can grow, thrive, and contribute. Our culture and employee experience make it clear: We are powered by passion and purpose. Together, we're creating healthier communities and a cleaner planet, and our people are the driving force behind our success. At Constellation, you can build a fulfilling career with opportunities to learn, grow and make an impact. By doing our best work and meeting new challenges, we can accomplish great things and help fight climate change. Join us to lead the clean energy future. TOTAL REWARDS Constellation offers a wide range of benefits and rewards to help our employees thrive professionally and personally. We provide competitive compensation and benefits that support both employees and their families, helping them prepare for the future. In addition to highly competitive salaries, we offer a bonus program, 401(k) with company match, employee stock purchase program; comprehensive medical, dental and vision benefits, including a robust wellness program; paid time off for vacation, holidays, and sick days; and much more. PLEASE NOTE: This role can be filled at either the Quantitative Analyst or Senior Quantitative Analyst level. Please see below for position details, compensation, and requirements. Senior Quantitative Analyst expected salary range of $117,900 to $131,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k). Quantitative Analyst expected salary range of $97,200 to $108,000, varies based on experience, along with comprehensive benefits package that includes bonus and 401(k). SENIOR QUANTITATIVE ANALYST - PRIMARY PURPOSE OF POSITION This job has responsibility for proposing and developing new risk models, building risk modeling infrastructure, designing and prototyping risk metrics, overseeing the daily production of risk reporting systems and databases, providing analytical support to Risk and Commercial functions, overseeing the risk pricing methodologies, testing Risk system soundness given upstream system changes, and managing Risk IT initiatives. Design and prototype new market, credit, liquidity, and operational risk metrics, assist with the establishment of risk controls and monitoring activities Building the Risk modeling infrastructure including the production models, automated reports, databases, job scheduling systems. Provide quantitative analyses for Risk functions, commercial teams, and the finance group. Examples include alternative commodity hedging strategy assessment, standard product risk premium pricing matrix development, price verification, hedging effectiveness testing, and financial planning. Owns the risk pricing methodologies for standard products, provide regular updates, and. communicate to commercial team drivers of the changes. Work closely with all risk functions, business owners, and IT on developing efficient risk reporting tools. Maintain and expand the existing Risk reporting system, analytical tools, and databases which are used by the Risk Management Group for measuring and analyzing risks associated with the company's portfolios. Participate in the SAS system architecture design and enhancements. Diligently pursue information and conduct research to understand energy products, introduce best business practices, and propose new modeling methodologies. Pricing capital costs and risk premiums for standard products QUANTITATIVE ANALYST - PRIMARY PURPOSE OF POSITION This job has responsibility for proposing and developing new risk models, building risk modeling infrastructure, designing and prototyping risk metrics, overseeing the daily production of risk reporting systems and databases, providing analytical support to Risk and Commercial functions, overseeing the risk pricing methodologies, testing Risk system soundness given upstream system changes and managing Risk IT initiatives. Design and prototype new market, credit, liquidity, and operational risk metrics, assist with the establishment of risk controls and monitoring activities Building the Risk modeling infrastructure including the production models, automated reports, databases, job scheduling systems. Provide quantitative analyses for Risk functions, commercial teams, and the finance group. Examples include alternative commodity hedging strategy assessment, standard product risk premium pricing matrix development, price verification, hedging effectiveness testing, and financial planning. Owns the risk pricing methodologies for standard products, provide regular updates, and communicates to commercial team drivers of the changes. Work closely with all risk functions, business owners, and IT on developing efficient risk reporting tools. Maintain and expand the existing Risk reporting system, analytical tools, and databases which are used by the Risk Management Group for measuring and analyzing risks associated with the company’s portfolios. Participate in the SAS system architecture design and enhancements. Diligently pursue information and conduct research to understand energy products, introduce best business practices, and propose new modeling methodologies. Pricing capital costs and risk premiums for standard products. SENIOR QUANTITATIVE ANALYST - PRIMARY DUTIES AND ACCOUNTABILITIES Proposing risk metrics and building risk modeling infrastructure Provide quantitative analyses to Risk and Commercial functions Validate production models Develop risk capital framework Validate option pricing and volatility/correlation curves Oversee the production code change management Support Strat Plan/SPA update Provide risk pricing of standard products and structured deals QUANTITATIVE ANALYST - PRIMARY DUTIES AND ACCOUNTABILITIES Proposing risk metrics and building risk modeling infrastructure. Provide quantitative analyses to Risk and Commercial functions. Validate production models. Develop risk capital framework. Validate option pricing and volatility/correlation curves. Oversee the production code change management. Support Strat Plan/SPA update. Provide risk pricing of standard products and structured deals. SENIOR QUANTITATIVE ANALYST - MINIMUM QUALIFICATIONS Bachelor's degree in economics, quantitative finance, mathematics, physics or equivalent quantitative disciplines. Minimum 5 years related experience in quantitative or financial valuation role; Advanced degree in economics, quantitative finance, mathematics, physics or equivalent quantitative disciplines can be used in lieu of 2 years of experience. Fundamental understanding of derivative products valuations including forwards and futures contracts, options, swaptions, and exotic options Understanding of probability theory, applied and financial math concepts and techniques. Substantive experience using programming languages or analytical packages commonly used in model development, such as Python, Matlab, C/C++, R, SAS, and SQL. A motivated self-starter and creative thinker with the ability to work independently and collaboratively with colleagues at all levels of the organization. Driven to develop and maintain effective relationships with internal and external partners. Demonstrated ability to perform responsibilities under time pressure with a high degree of accuracy, to prioritize multiple tasks effectively, build consensus, and adapt to evolving business needs. QUANTITATIVE ANALYST - MINIMUM QUALIFICATIONS Bachelor’s degree in economics, quantitative finance, mathematics, physics or equivalent quantitative disciplines. Minimum 2 years related experience in quantitative or financial valuation role; Advanced degree in economics, quantitative finance, mathematics, physics or equivalent quantitative disciplines can be used in lieu of 2 years of experience. Understanding of derivative products valuations including forwards and futures contracts, options, swaptions, and exotic options. Understanding of probability theory, applied and financial math concepts and techniques. Some experience using programming languages or analytical packages commonly used in model development, such as Python, Matlab, C/C++, R, SAS, and SQL. A motivated self-starter and creative thinker with the ability to work independently and collaboratively with colleagues at all levels of the organization. Driven to develop and maintain effective relationships with internal and external partners. Demonstrated ability to perform responsibilities under time pressure with a high degree of accuracy, to prioritize multiple tasks effectively, build consensus, and adapt to evolving business needs SENIOR QUANTITATIVE ANALYST - PREFERRED QUALIFICATIONS PhD preferred. Prior experience in quantitative role in the finance/energy industry. Excellent communication, presentation, and interpersonal skills with the ability to discuss technical subjects with a wide variety of audiences. QUANTITATIVE ANALYST - PREFERRED QUALIFICATIONS Advanced degree in economics, quantitative finance, mathematics, physics or equivalent quantitative disciplines. Prior experience in quantitative role in the finance/energy industry. Excellent communication, presentation, and interpersonal skills with the ability to discuss technical subjects with a wide variety of audiences. Constellation is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.