Market Risk Advisor

ENGIE

What You Can ExpectENGIE Global Energy Management and Sales (GEMS) is responsible for managing the portfolio of electricity, natural gas, environmental products, and bulk commodities for ENGIE and its external clients, on an international level. The Risk team within GEMS is responsible for the measurement, control, and reporting of all market-based activities as well as the strategic management of risk capital across these activities, notably the trading & portfolio management activities of Global Energy Management (GEM), the Business to Business (B2B) Retail Supply organization and the Renewable Assets owned by ENGIE North America. As a Market Risk Advisor in Houston, you will work with Commercial and Risk teams to provide analytical, market insight and strategy support focused on evaluating various risk management strategies and optimizing Profit & Loss (P&L) within the risk mandates. Your daily responsibilities will include a combination of regular and ad-hoc tasks including among others risk assessment of origination deals and investments; evaluating regulatory and market changes, updating models and analyses, and responding to requests from Front-Office and other Global Business Units on portfolio and risk impacts. Develop, enhance and maintain tools, methodologies and reports that evaluate pricing and risk assessment of various commercial transactions Perform periodic and ad-hoc analysis; Propose, evaluate, and validate commercial strategies that manage the value / risk balance of the various retail supply / renewable energy portfolios (power, gas, Battery Energy Storage System (BESS)) managed by GEMS and other GBUs (Global Business Units) individually and collectively (e.g. reducing basis risk, managing intermittency, etc.)Collaborate and participate in knowledge sharing with various stakeholders and Expertise Centers (e.g. Risk, Expertise Center- Markets, Assets & Supply); support Commercial, Origination and Business Development activities, offering views on ISO’s market fundamentals (Electric Reliability Council of Texas (ERCOT), Pennsylvania New Jersey Maryland Interconnection (PJM), Southwest Power Pool (SPP), Midcontinent Independent System Operator (MISO), New York Independent System Operator (NYISO), ISO New England (ISO-NE)), Renewable Energy development and Power Purchase Agreement (PPA) pricing opportunities, price vs. renewable production dynamics, etc.Use benchmarking data to support valuation and competitive assessments, and create a benchmarking process to evaluate actions undertaken by front-office Build, maintain and publish internal models for tracking and evaluating asset-specific performance metrics Identify and recommend risk reducing offsets and efficiencies in avoided bid-ask spreads and credit across the ENGIE portfolioPerform economic analyses of structured transactions Economic-Value-Added (EVA) to support Origination & Structuring activities of GEMS front-office and other business unitsResearch and analyze subjects including historical and forward market prices, market fundamentals, customer load analysis, financial forecast variances and advise internal stakeholders in terms of general structuring advice as well as optimization of returns throughout the transaction processTrack, collect and synthesize actionable market intelligenceAssess impact of regulatory developments on commodity risk positions and provide feedback back to the front officeCarry out other duties as assigned What You’ll BringA minimum of four-year degree in which you completed courses in an analytical and quantitative discipline (e.g., Engineering, Finance, Economics, Math)A minimum of seven years of general business experience with minimum three years of relevant experience in Competitive Energy Markets, preferably dealing with Renewable assets including BESS and/or Retail Supply books Knowledge of financial derivatives and commodity markets (gas, power, and environmental products)Proficient in data handling, structuring, organizing, processing, and presenting skills (using Advanced Excel+ Visual Basic for Applications (VBA), Structured Query Language (SQL), Python, R, or any other data analysis tool)Resourceful with ability to use a variety of tools, data sources, and systems; inherent curiosity to procure and test new resourcesExperience in the structure, transactions, and protocols of wholesale and retail energy markets ideally under a variety of regulatory systems (familiarity with the minimum of two markets preferred - ERCOT, PJM, SPP, MISO, New England Power Pool (NEPOOL), and NYISO)Knowledge of a portfolio approach to valuation, where assets sit within an integrated value chain Analytical profile, ability to provide precise and solid insights, identify causes and conditions, structure action plans, and propose and defend those to the leadershipA focus on deadline-driven project management skills for cross organizational coordinationAbility to manage multiple competing priorities on a timely basis

Location: Houston, TX

Posted: Sept. 30, 2024, 4:38 p.m.