Manager, Market Risk & Analytics

Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas.

AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization.

If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation.

Global Market Risk & Analytics – Market Risk Manager

About the Role:

The Global Market Risk & Analytics (GMRA) Team sits within the Global Risk Management group (GRM) and has responsibility for understanding, quantifying, and explaining the market risks (related to both price & quantity uncertainty) of all generation assets, structured transactions, and derivative transactions for AES’s global portfolio. The Market Risk Manager plays a key role on this team, serving as a primary interface between GMRA and local risk and commercial teams, as well as with our Governance & Credit Risk colleagues. Our team relies on this individual to develop, maintain, and share subject-matter expertise regarding the nature of local portfolio risks, how they are reflected in our ETRM system, and how those should be modeled in our risk engine.

This role reports to the Director of Global Market Risk & Analytics within the office of the CRO.  The position will utilize and help enhance AES’ quantitative portfolio model and reporting.  Through these activities, the Market Risk Manager leads corporate and business-level market and risk management strategy design and execution. A key aspect of this position is a commitment to continuous improvement in the areas of risk reporting, approval processes ,and technology use. 

The position collaborates with Senior Leadership and partners closely with business-level Risk Directors and Commercial, Digital, and Finance teams. This is an exciting role with a significant opportunity to make an impact!

Primary Responsibilities:

• Build and maintain a close working relationship with local commercial & risk teams across our global portfolio to facilitate timely and comprehensive sharing of information related to local portfolio market risk.
• Work closely with local risk and commercial teams to improve understanding of the details and nuances of their current and prospective portfolio positions, the local power markets, any models or analyses used to forecast positions or prices, and related market risks. Because we are a global company, our market risk responsibilities extend to foreign exchange and interest rate risks as well.
• Collaborate across local teams to develop and consistently apply appropriate valuation methodologies for each asset or transaction type, build a shared understanding of the specific valuation inputs that GMRA needs to produce an accurate global view of market risk, and agree on a process for communicating inputs and changes in inputs to GMRA and the ETRM Team.
• Develop Excel models, visual tools, sensitivity analyses, etc. (and coach local risk teams in doing the same) to help explain positions and risk to the GRMA & GRM teams.
• Represent GMRA in local risk oversight forums. Be prepared to provide input regarding commercial team explanations or requests that relate to material changes in market risks. 
• Work across business functions to validate or improve modeling of existing positions in our ETRM systems and recommend how to model new asset classes as necessary.
• Lead the development and implementation of processes and tools to back test GMRA and local team models and reporting against actual results, investigate & document sources of variances, and recommend modeling improvements to address material sources of variances.
• Take ownership o