Risk Control Analyst I (4117)

Under the supervision of the ENGIE Energy Marketing N.A. (EEMNA) Risk Control Manager, the Risk Control Analyst I will prepare and communicate EEMNA’s commodity position, P&L, and risk metrics. You will help review, verify, and explain all the official daily risk metrics including P&L, V@R, Drawdown, stress test, and Greek limits and help coordinate the New Product Analysis (NPA) for the new product, market, or model.

What you’ll do:
Help to define and implement the Annual Risk Mandate

Monitor Delta/Vega position against the limit daily

Explain daily P&L attribution by desk, book, or transaction and V@R, Stress test, Drawdown, etc.

Help maintain and improve the EEMNA Price Control framework by automating price upload, mapping, and creating vanilla and exotic forward curve when needed

Provide risk management services to ENGIE North America (ENA) specified in SLA’s and other service agreements (position and P&L report, PFE, etc.)

Participate in the Economic Value Added (EVA) valuation to model the cost of market and credit risk for structured transactions

Provide Credit Risk team quantitative support on counterparty credit risk management (CCRM) metrics, such as Potential Future Exposure (PFE), Credit V@R (CV@R), Credit Value Adjustment (CVA) and Debt Value Adjustment (DVA), probability of default (PD), loss given default (LGD), and recovery rate

Support Credit Risk team quantitatively by providing Cash@Risk analysis, Potential Future Exposure (PFE) on the current portfolio by counterparty and netting set or on new potential transactions and other counterparty credit risk metrics (Loss given default, probability of default, Recovery rate, CV@R, CVA, DVA, BVA).

Work closely with traders on hedging/trading strategies, risk monitoring, and risk reporting. Review, support, and verify EEMNA pricing tools used by the Front office, such as FIS options pricing models, FIS/FEA storage valuation models, MathWorks MATLAB, internal/external price/production shaping models, and renewable pricing model.

Participate in the New Product Agreement (NPA) process to assess all the potential Front to back requirements with any new commodity, product, market, instrument, structured deal, or model.

Participate in the Economic Value Added (EVA) analysis on certain proposed transactions that exceed the EEMNA Delegation of Authority (DoA) by computing cost of market and credit (CVA/DVA).

Support the internal and external audits related to the risk metrics and contract valuations.

Monitor and report on the risk decreasing and risk increasing activities mandated by the European Market Infrastructure Regulation (EMIR).

Qualifications

What you bring:
Bachelor’s degree required, with a focus on Risk Management, Finance, or related analytical study

A minimum of one (1) year(s) in the commodity energy industry or the investment banking industry

Knowledge of Energy Commodity Trading and Financial Market/Theory

Familiarity with Risk Management and Risk Financing Theory

Experience handling and querying large datasets, or databases, using SQL, VBA, POWER BI

Desire to act as a vital team member and work closely with all the different EEMNA departments

Willingness to comply with all EEMNA policies and procedures

Excellent communication skills, both verbal and written

Possess a focus for details

Additional Information/Conditions:
Work environment characteristics described here represent those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is more renewable, more efficient and more accessible to everyone.

Unite with us in leading the transformation of the world of energy! ENGIE is looking for talented and motivated individuals to create the future of energy and customer solutions. Join a rewarding and flexible work environment that encourages innovation and creativity to help customers meet their energy challenges today and in the future. Are you up for the challenge?

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. So ENGIE is proud to be an equal opportunity workplace and is also an affirmative action employer. We are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All employment decisions at ENGIE are based on business needs, job requirements and individual qualifications. ENGIE is committed to providing equal employment opportunity regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service or veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at [email protected] . Please note: This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

Job

: Marketing

Primary Location

: North America-United States-Texas-Houston North America-United States-Illinois-Chicago

Organization

: EEMNA

Schedule

: Full-time

Job Posting

: Jul 29, 2021, 1:15:00 AM

Job Type

: Permanent