Director, Risk Management

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REQUISITION : CFO004R

DEPARTMENT : Strategic Plan and Risk Management Kansas City Headquarters

LOCATION : Kansas City, MO

PAY RANGE : $140,000 - $186,600

Scheduled Work Hours : Monday - Friday 8 : 00 a.m. - 5 : 00 p.m. Job may require additional hours as required.

Summary of Primary Duties and Responsibilities :

Reporting to the Sr Director Risk Management, the Director Risk Management will facilitate the implementation of a risk framework through quantitative analysis.

This person will be responsible for ensuring that new commercial strategies align with the overall portfolio performance expectations and fall within acceptable risk tolerances.

Requires in-depth knowledge of commodity market dynamics, tradable instruments, and risk management practices specific to the Energy Trading industry.

Works with management on developing, reviewing, and modifying the portfolio strategy based on agreed-upon risk scenarios.

Works closely with energy traders to develop risk scenarios and showcase potential impact to the broader portfolio. This position will lead / build a team of up to three Risk Analysts.

Major responsibilities include, but are not limited to :

• Energy Risk Management Strategy :
• Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing risk-adjusted revenue.

Hedging strategies including DART optimization, CRR / FTRs, Credit and Collateral management, and term hedge and PPA transactions.

Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit opportunities and identify risks.

• Collaborate with internal departments to incorporate long-term fundamental views into short-term risk mitigation trading strategies.
• Support Risk quantification and valuation of hedges, EMAs, and other structured transactions for contract negotiations and deal modeling.
• Develop REC, Capacity, Resource Adequacy, and transmission hedging trading strategies.
• Develop Power, Natural Gas, and REC trading and hedging strategies.
• Risk and Quantitative Analytics :
• Develop gross margin at risk models for projects with market price exposure, with a focus on prompt month to five years forward, to guide hedging and risk mitigation strategies within the confines of the established Energy Risk Management policies.
• Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices.
• Develop stressed and scenario analysis for Market and Credit exposure, identify risk reducing strategies, and monitor / report execution of hedging / optimization activities.
• Review forward market price volatility curves and correlation assumptions for stochastic risk modeling.
• Facilitate trading strategy performance benchmarking and establishing risk limits.
• Reporting & Communication :
• Collaborate with senior executives in setting appropriate hedging and risk management strategies for both renewable and conventional assets.
• Develop insightful market dashboards using Power BI or similar tools.
• Participate in Risk Oversight Committee discussions along with senior leadership.
• Develop and present risk issues and stressed risk measures to the Risk Oversight Committee at the committee meeting.
• Work closely with the Sr Director Risk Management to ensure compliance and adherence to the risk policies.
• Lead creation of management reporting that presents positions and exposures.

Education and Experience :

Degree in Engineering, Mathematics, Economics, Business, or a related quantitative or finance discipline. 7-12 years in increasingly responsible Risk Management roles, especially within the Energy Trading industry.

Skills, Knowledge, and Abilities :

• Knowledge of US Electricity markets and power systems with direct experience with at least one ISO market.
• Highly proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks with an understanding of option valuation and Greeks.
• Highly experienced in at least one programming language, preferably Python or R, with a demonstrated track record of developing complex statistical models and ideally implementing them into a production system.
• Ability to build Quant Lib utilizing stochastic calculus and Option Models for deal valuation.
• Strong SQL and data mining skills.
• Ability to construct power fundamental models for pricing, load, generation, flow, and outages using various methodologies.
• Ability to extract, manipulate, and analyze large datasets relevant to the energy market in order to develop complex trading algorithms.
• Exposure to regulatory expectations and industry standards concerning risk management practices including risk management modeling.
• Experience in valuing and transacting transmission hedging products.
• Strong relationships with credit and professionals, both internally and externally, to ensure adherence to established credit and risk policies.
• Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner.
• Highly proficient in Microsoft Word, Excel, and PowerPoint.
• Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets.
• Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines.
• Ability to think creatively, manage competing priorities, work independently, and pay attention to detail.
• Self-motivated and highly organized.

Licenses, Certifications, and / or Testing :

None.

Working Conditions :

Working conditions will be office based and must be able to work additional hours on short notice.

Disclaimer : The above information has been designed to indicate the general nature and level of work performed by employees within this classification.

It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Work Locations : 1KC - Missouri HQ - Floor 29 One Kansas City Place 1200 Main St Kansas City 64105

Job : Finance and Accounting

Shift :

Unposting Date : Sep 15, 2024

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