Risk Control Analyst II

What You Can Expect

Under the supervision of the ENGIE Energy Marketing North America (EEMNA) Head of Market Risk, as a Risk Control Analyst, you will report to Market Risk Manager and prepare and communicate the EEMNA’s commodity position, monitor all market risk metrics, enforce risk mandates, and model complex structure deals. You will help review/verify/explain all the official daily risk metrics such as Value at Risk (V@R), drawdown, stress test, Greek limits, and other risk metrics. Identify risk, help develop and monitor risk mitigation strategies. You will lead the modeling efforts for structure deal valuation and risk qualification in Energy Trading and Risk Management(ETRM) and provide supports of market risk management services to ENGIE North America.

• Help to define, implement, and enforce the Annual Risk Mandate
• Monitor Delta/Vega position against the limit daily
• Monitor daily: V@R, Stress test, Drawdown, Intermittency Risk etc.
• Provide market risk services to ENGIE North America (ENA) Renewable and Supply business specified in Service Level Agreement (SLA)’s and other service agreements (position and limit monitoring)
• Work closely with traders on hedging/trading strategies, risk monitoring, and risk reporting
• Participate in the New Product Agreement (NPA) process to assess all the potential Front to back requirements for market risk 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 Monte Carlo (MC) V@R and Historical V@R
• Support the internal and external audits related to the risk metrics and valuations of structured transactions
• Monitor and report on the risk decreasing and risk increasing activities mandated by the European Market Infrastructure Regulation (EMIR)
• Coordinate with other risk functions and prepare monthly EEMNA Risk Committee slides
• Model complex structure transactions (eg. Power Purchase Agreement - PPA and Battery Energy Storage System - BESS revenue swap) in ETRM and enhance valuation as necessary by working closely with commercial functions, other risk functions, and accounting
• Perform risk data reporting for renewable business to Chief Risk Officer (CRO), EEMNA, Local Energy Management Committee (LEMC), and Global Energy Management (GEM)
• Work closely with renewable business unit on forecast production volume update in ETRM
• Take a leading role to enhance efficiency and productivity of current processes and act as project manager for IT development related to market risk, structure deal modeling, and modeling enhancement

What You’ll Bring

• Bachelor of Science in which you completed courses in Econometric, Finance or related disciplines
• A minimum of 2 years in the commodity energy industry and/or in the investment banking industry
• A strong understanding of:
  • Energy Commodity Trading environment and Financial Market/Theory
  • Statistics and probability theory applied to finance
  • V@R methodology such as Monte-Carlo, parametric, and historical
  • Handling/querying large datasets or databases using SQL, VBA, POWER BI, Oracle
• Act as a vital team member and work with all EEMNA/ENA staff and across department employees
• Have excellent communication skills, both verbal and written
• Be self-motivated and detail-oriented

Additional Details

• This role is eligible for our hybrid work policy
• Must be willing and able to comply with all ENGIE ethics and safety policies

Compensation

Salary Range: $61,400 – $94,070 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors. 

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match.  But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

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 renewable, efficient, and accessible to everyone.  

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.  ENGIE is proud to be an equal opportunity workplace, and 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 qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. 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.

This role is eligible for sponsorship.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.