Manager Trading Risk Operations

Requisition ID:  88190 

 

NextEra 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 Description

We are looking for a highly skilled, hands-on market risk manager 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 seasoned professional who is excited about energy risk management and can translate that into building a first-class risk function.

This role 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.

Responsibilities

• Join a team of 3 to 4 market risk analysts, mentor junior team members
  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.

Ideal 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, 8+ years
• Strong knowledge of power and gas markets, as well as other energy and traded markets
• Strong understanding of physical trading, derivatives, and financial products
• Excellent quantitative and analytical skills
• Excellent proficiency in Excel, SQL, and quantitative programming languages such as PythonExperience with Energy Trading Risk Management Systems
• Degree in a quantitative discipline
• Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach

Job Overview

This 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 oversee a team of analysts responsible for reviewing 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

• Oversees and manages a team of Trading Risk analysts in support of energy marketing functions
• Reviews daily risk reports prepared by analysts prior to submission and regular review of deal amendments log for exceptions
• Reviews reports to support earnings and prepares reports for management on a monthly basis
• Manages confirmation processe