Trading Risk Analyst

NextEra Energy

  • Juno Beach, FL
  • Permanent
  • Full-time
  • 30 days ago
Requisition ID: 89406NextEra Energy Marketing is one of the nation's leading electricity and natural gas marketers, and a key player in the energy markets in the United States and Canada. As a part of NextEra Energy Resources, we specialize in innovative energy strategies that maximize market value for our customers and stakeholders. Our team is skilled in market analysis, trading, risk management and delivering tailored customer solutions across North America. If you are a strategic thinker eager to make a significant impact in the fast-paced energy industry, join our team today.Position Specific DescriptionWe are looking for a highly skilled, hands-on market risk professional and product controller to join our market risk management team. This team operates several areas of support that some firms may operate separately: market risk management, product control, and independent price verification. We see these areas as inseparable for a complete understanding of the trading risks. The person we are seeking is a professional who is excited about energy risk management and can translate that into building a first-class risk function. The Market Risk Analyst reports to the Director, Head of Market Risk Management and is based at NextEra Energy's headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.Job Duties & Responsibilities
  • Join a team of 3 to 4 market risk analysts
  • Engage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operations
  • Develop and implement market risk models, including VaR, stress testing, and scenario analysis
  • Monitor, analyze, and report on market risk exposures and assess exposures versus established limits
  • Daily reconciliation and verification of trading P&L
  • Explain profit and loss performance to management
  • Produce and distribute daily P&L and attribution, position, and risk reports
  • Perform independent price verification of pricing curves, propose valuation reserves as appropriate
  • Evaluate complex transactions including calculating Day 1 and other reserves
  • Application of company accounting policies to support external financial reporting
  • Significant involvement in month-, quarter-, and year-end closing processes
  • Conform to SOX controls processes and innovate controls improvements
  • Work closely with other risk functions to ensure a holistic approach to risk management
  • Support systems upgrades and implementations and Trading Risk Management automation projects
  • Foster a risk aware culture, model high ethical standards, and be a champion for the company's values of excellence, doing the right thing, and respect
Required Qualifications
  • Proven success on a leading power and gas trading floor as a risk manager and/or product controller or closely related roles, e.g., trader, 2+ years
  • Knowledge of power and gas markets, as well as other energy and traded markets
  • Good understanding of physical trading, derivatives, and financial products
  • Excellent quantitative and analytical skills
  • Excellent proficiency in Excel, SQL, and quantitative programming languages such as Python
  • Experience with Energy Trading Risk Management Systems (preferred)
  • Degree in a quantitative discipline
  • Collegiality and truly good interpersonal skills balan
Job OverviewThis position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. Employees in this role review daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Front Office and Risk teams to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.Job Duties & Responsibilities
  • Conducts daily transaction exposure analysis and review including troubleshooting and investigation of Profit and Loss and Value at Risk movements
  • Ensures accuracy of pricing data within the Risk systems on a daily, monthly and quarterly basis
  • Performs daily deal verification procedures and independent price verification at regular intervals
  • Coordinates with the Systems team to complete new pricing requests and enhance processes and reporting tools
  • Communicates price disclosures to appropriate parties
  • Completes quarter end and SOX related processes
  • Works with origination and other front office groups to interpret valuations, respond to trader requests, and evaluate structured transactions
  • Prepares presentations for management to explain and review risks and trading strategies
  • Supports medium and long term projects within the group aimed at increasing efficiencies and coverage of the controls
  • Performs other job-related duties as assigned
Required Qualifications
  • High School Grad / GED
  • Bachelor's or Equivalent Experience
  • Experience: 2+ years
Preferred Qualifications
  • None
NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click to learn more.Employee Group: Exempt
Employee Type: Full Time
Job Category: Energy Trading
Organization: NextEra Energy Marketing, LLC
Relocation Provided: Yes, if applicableNextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law.NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to , providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our for more information.

NextEra Energy