Energy Risk Management Specialist

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 enhance our risk management capabilities within the energy sector. This role is pivotal in overseeing market risk assessments and product control functions.

Key Responsibilities:
1. Lead a dedicated team of market risk analysts, providing mentorship and guidance.
2. Collaborate with traders and various business units to gain insights into trading strategies and associated risks.
3. Develop and execute sophisticated market risk models, including Value at Risk (VaR), stress testing, and scenario analysis.
4. Monitor and report on market risk exposures, ensuring compliance with established limits.
5. Conduct daily reconciliation and verification of trading profit and loss (P&L) statements.
6. Analyze and communicate profit and loss performance to senior management.
7. Generate and distribute daily reports on P&L, position, and risk metrics.
8. Perform independent price verification and recommend valuation reserves as necessary.
9. Assess complex transactions, including the calculation of Day 1 reserves.
10. Ensure adherence to company accounting policies to support external financial reporting.
11. Play a significant role in month-end, quarter-end, and year-end closing processes.
12. Uphold SOX controls and innovate improvements in control processes.
13. Collaborate with other risk management functions to maintain a comprehensive approach to risk.
14. Support system upgrades and automation projects within Trading Risk Management.
15. Promote a culture of risk awareness and uphold the company’s core values of excellence and integrity.

Qualifications:
- A minimum of 8 years of experience in a leading power and gas trading environment, focusing on risk management or product control.
- In-depth knowledge of power and gas markets, along with other energy trading markets.
- Strong understanding of physical trading, derivatives, and financial instruments.
- Exceptional quantitative and analytical skills.
- Proficiency in Excel, SQL, and programming languages such as Python.
- Experience with Energy Trading Risk Management Systems.
- Strong interpersonal skills coupled with a disciplined approach to risk management.
- A professional commitment to excellence in risk management practices.

Employee Information:
- Employee Group: Exempt
- Employee Type: Full Time
- Job Category: Energy Trading
- Organization: NextEra Energy Marketing, LLC
- Relocation: Provided if applicable

NextEra Energy is committed to fostering a diverse and inclusive workplace, ensuring equal opportunity for all applicants.

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