Senior Market Risk Analyst

2 weeks ago


Juno Beach, Florida, United States NextEra Energy Resources Full time
Position Overview:
We are seeking a highly experienced and proactive Market Risk Manager to oversee our risk management initiatives within the energy sector. This pivotal role is essential for ensuring that our risk management strategies align with the dynamic landscape of energy trading.

Key Responsibilities:
  • Lead a dedicated team of market risk analysts, providing mentorship and guidance to junior members.
  • Collaborate with traders and various business units to gain insights into trading strategies and associated risks, integrating this knowledge into our risk management processes.
  • Design and implement sophisticated market risk models, including Value at Risk (VaR), stress testing, and scenario analysis.
  • Continuously monitor, analyze, and report on market risk exposures, ensuring compliance with established limits.
  • Conduct daily reconciliation and verification of trading profit and loss (P&L), explaining performance variances to management.
  • Generate and distribute daily reports on P&L, position, and risk metrics.
  • Perform independent price verification and propose valuation reserves as necessary.
  • Evaluate complex transactions, including the calculation of Day 1 and other reserves.
  • Apply company accounting policies to support external financial reporting.
  • Engage in month-end, quarter-end, and year-end closing processes.
  • Ensure adherence to SOX controls and seek opportunities for process improvements.
  • Work collaboratively with other risk functions to promote a comprehensive approach to risk management.
  • Support system upgrades and automation projects related to Trading Risk Management.
  • Foster a culture of risk awareness and uphold the company's values of excellence and integrity.

Qualifications:
Applicants should possess a Bachelor's Degree and have a minimum of 8 years of relevant experience in market risk management or closely related fields. The ideal candidate will have:
  • A proven track record on a leading power and gas trading floor, with experience as a risk manager or product controller.
  • In-depth knowledge of power and gas markets, as well as other energy and traded markets.
  • Strong understanding of physical trading, derivatives, and financial products.
  • Exceptional quantitative and analytical skills.
  • Proficiency in Excel, SQL, and programming languages such as Python.
  • Experience with Energy Trading Risk Management Systems.
  • Excellent interpersonal skills, combined with a disciplined approach to risk management.
  • A genuine passion for risk management.

Work Environment:
This position is classified as exempt and is a full-time role within the Energy Trading category. The company is committed to providing equal employment opportunities and fostering a diverse and inclusive workplace.

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