Risk Management Specialist

4 days ago


Austin, Texas, United States Austin Energy Full time
Job Summary

Austin Energy is seeking a highly skilled Risk Management Specialist to join our team. As a Risk Management Specialist, you will be responsible for monitoring and controlling risks associated with fuel and energy trading activities.

Key Responsibilities
  • Monitor compliance with approved fuel and energy trading and risk management policies, procedures, and processes.
  • Review and validate historical price curves used for daily risk reporting and portfolio analysis.
  • Develop, modify, and implement computer models used in calculating risk management performance indicators.
  • Develop models for automation of the risk control processes and functions using various advanced software.
  • Research and advise on alternative technical solutions to risk control related issues.
  • Use statistical modeling to track, evaluate, and report third-party credit standings.
  • Work closely with Energy Marketers to reconcile positions and align risk management strategies with short and mid-term market conditions.
  • Analyze and confirm ERCOT settlement charges.
  • Test new risk calculations and evaluate risk model assumptions.
  • Provide accounting support for wholesale power, fuel, and financial transactions.
  • Monitor contracts for risk management activity compliance processes.
Requirements
  • Graduation from an accredited four-year college or university with major coursework in Accounting, Economics, Finance, Mathematics, or a related field, plus three years of related experience.
  • Masters degree in a related field or CPA may be substituted for one year of experience up to a maximum of two years.
  • Proficiency with Microsoft applications (Outlook, Word, Excel, Access, and PowerPoint) or similar software.
  • Experience with commodity and energy trading risk management (ETRM) systems, trading strategies, financial instruments, and hedging.
  • Knowledge of industry standard fuel and energy trading agreements.
  • Ability to analyze financial and statistical reports.
  • Ability to use computers and related software applications.
Preferred Qualifications
  • Experience with technical writing, presentation, and communications to technical and non-technical audiences.
  • Strong project management skills.
  • Demonstrated problem-solving skills using logical reasoning and analytical methods.
  • Excellent communication and interpersonal skills.


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