Job Summary
* Facing a fast-paced, dynamic trading environment with time-sensitive, business critical activities requiring ad-hoc analyses and generation of risk reports.
* This Quant Risk Control Analyst is part of the Global Risk Control team involving Houston, Geneva, and Singapore.
* The role involves close collaboration with Front Office, Structuring, Origination, Back Office, Finance, Compliance, and Trading System teams.
* The team works across multiple locations and product types including natural gas, LPG, LNG, US Power, Emissions, and Dry Bulk Products.
* The Middle Office is responsible for calculating profits and losses and managing the risks of the trading department. It handles all aspects of market risk control such as risk identification, measurement, monitoring, and disclosure across various classes of energy commodity assets.
Purposes
* To ensure compliance with internal trading limits.
* To provide accurate and independent analysis, valuation, and reporting of risk positions and trading results.
* To meet external regulatory compliance requirements.
The Quantitative Risk Analyst - Power position resides in the Global Risk department, under the supervision of the Middle Office Supervisor and Head of Risk Control (both located in Houston). The job holder will measure, analyze, and monitor the P&L, Risk Exposure, and Risk Metrics including Value At Risk of the Trading Desks.
Main Responsibilities
* To contribute to quantitative metrics, analysis, and modeling for the Risk Control function by developing and implementing risk models and metrics for TGPNA's trading function.
* Take ownership of TGPNAs VaR model(s) including accurate position assessment with an understanding of trading products/contracts specifics.
* To build and monitor forward curves, formulas in the ETRM including Hub, Zonal, and potentially Nodal prices at forward tenors.
* To assess and monitor physical and financial trades, various products and instrument types including real-time, day-ahead, congestion (CRR, FTR, and PtP Trading), and BESS optimization.
* To work with a team of Middle Officers and support their analysis of mark-to-market valuations, risk positions, spread changes, and P/L results on a daily basis.
* To develop and maintain risk reporting/analytics to communicate position, P/L, and market risk to traders and management.
* To provide critical thinking around risk reporting processes, quantification, and analysis of commodity exposure and forward price movements for TGPNA's multi-products trading activities.
Requirements
* Degree in mathematics, statistics, physics, economics, engineering (electrical), and/or quantitative finance required.
* Masters degree is strongly preferred.
* 3-5 years of energy analysis experience.
* Prior experience developing commodity related models such as discounted cash flow, storage, transmission, power generation, and/or congestion analysis.
* Comprehensive understanding of risk management methodologies and valuation models.
* Familiarity with Power Flow Models in order to validate and reconcile valuations for risk control.
* Ability to make risk assessments of CRR/FTR congestion risks and apply appropriate risk metrics around congestion activity.
* High degree of accuracy and efficiency under set deadlines.
* Proficiency in data science programming language(s) such as Python, R, etc.
* Dependability and a high level of flexibility with regards to working hours.
* Good interpersonal skills.