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Director, Risk Management

Job Title
Director, Risk Management
Position ID
27428626
Location
The Woodlands,  TX 77380
Other Location
Description

Job Description Summary

Primary responsibility of the Director of Risk is to provide quantitative analytics and enhance existing Risk Reports and Systems.  The Director of Risk will have oversight on forecasting, wholesale trade capture system, position management/exposure, financial pro-forma modeling, Mark-To-Market (MtM), and other key mid/back-office systems & models.  In addition, he/she will assist in the development and enhancement of Pricing Models and Load Forecasts. The Director of Risk will work with Settlements to gather key market & settlement data (e.g., historical data, rate schedules, profiles and loss factors) to build-out a shadow-settlement system.

 

Job Duties and Responsibilities:

  • Lead the development and assist in the validation of key risk models and methods
  • Oversees the development, testing, and validation of quantitative models used for Mark-to-Market, and Risk Management
  • Responsible for implementing and monitoring the risk policy
  • Support the Wholesale teams to properly book standard and non-standard transactions
  • Advanced analytical/quantitative skills to conduct forecast variance analysis (forecast vs actual)
  • Assist with the build out of MP2’s shadow-settlement system
  • Leads in evaluating and identifying model risks and reaches conclusions on strengths and limitations of all models used by the company
  • Perform statistical analysis around historical and forward commodity price
  • Quantitative analysis of risk and trading strategies that mitigate retail exposures and protect retail gross margin
  • Maintain the data tables for energy and non-energy retail curves, utility load profiles, loss rates, and other related fundamental and technical data through coordination with Structuring and Trading
  • Coordinate with SENA Risk to develop and maintain a curve validation process, using SENA developed curves as well as external information. 
  • Coordinate with SENA Risk to ensure MP2 follows Shell best practices, including properly reporting MP2 exposures and limits to SENA Risk

 

Essential Skills and Experience

  • Minimum 10 years in quantitative analysis, structuring, risk management, pricing, financial and economic analysis
  • Bachelor's degree in business, finance, math, engineering or related field strongly preferred
  • MBA or other related advanced degree beneficial
  • Advanced knowledge of ERCOT, PJM, ISO-NE, NYISO and CAISO markets
  • Advanced analytical/quantitative skills to conduct load/demand forecast variance analysis
  • Advanced SQL programming skills, database architecture, VBA, R, Python (preferred)
  • Solid computer and programming skills in VBA, SQL Server, Python
  • Familiarity with dashboarding applications (Tableau, Power BI, etc.)
  • Comfort wielding statistics (significance testing, data distribution types, hypothesis testing, regression, etc.)
  • Ability to handle multiple concurrent activities
  • Strong team player with commitment to excellence
  • Excellent communication and documentation skills
  • Strong attention to detail and follows up on open issues
  • Highly confident, articulate individual who is a team player and works well with other desks
  • Ability to explain complex ideas in a cohesive, concise manner

 

Benefits of Working with MP2 Energy:

  • Competitive Compensation
  • Health Care - Medical/Dental/Visio​​n/Prescription​​ Drug Coverage
  • 401(k) with Company Matching Contributions
  • Flexible Spending Accounts (FSA)
  • Health Savings Accounts (HSA)
  • Disability Programs (STD & LTD)
  • Employee Basic Term Life Insurance
  • Vacation & Company Holidays
  • Tuition Reimbursement

 

*Job descriptions are not intended as, nor should be construed to be, exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job.  They are intended to be accurate reflections of those principal job duties and responsibilities essential for making fair pay decisions about the job.

All qualified applicants will receive consideration for employment without regard to race, sex, color, religion, national origin, protected veteran status, or on the basis of disability.