PARAGON GROUP INTERNATIONAL
Risk Control Manager
PARAGON GROUP INTERNATIONAL, Sunnyvale, California, United States, 94087
Overview:
The Risk Controls Manager will be responsible for various tasks in risk management as well as Energy Trading and Risk Management (ETRM) software implementation and ongoing systems administration. This position works closely with other members of the Finance and Administration department and the Power Resources department’s respective front and back offices.
Role:
Work with Front, Middle, and Back Office to implement energy trading and risk management solutions, with the first phase focused on deal capture and settlements system.
Define project scope and objectives, involving all relevant internal stakeholders and ensuring technical feasibility.
Determine and define clear deliverables, roles, and responsibilities for key staff members.
Develop project plans, goals, and budgets; Use project management tools to track project performance and schedule.
Assemble and coordinate project team members; assign individual responsibilities; Ensure resource availability; Communicate proactively with key staff.
Coordinate internal resources and third parties/vendors.
Develop detailed business requirements documents.
Deliver projects on schedule and within budget; Monitor project progress and make necessary changes.
Develop test plans, ensure testing strategy adequately tests all relevant applications and implement test plans and validate results.
Establish and implement training processes and strategies.
Create and maintain comprehensive project documentation and user guides
ETRM System Ongoing Maintenance and Enhancement:
Provide system administration support, including monitoring and maintaining appropriate system access and maximizing system capabilities to minimize manual work, create efficiencies and reduce risk.
Work directly with business SMEs to identify and solve business issues and problems through the application of technology-based solutions.
Develop a technical roadmap and phased implementation of future phases, including portfolio management, risk measurement and monitoring, finance management and accounting, and load forecasting and analysis.
Implement risk tools that enable monitoring of market risk of the portfolio. Maintain data quality and model governance infrastructure to ensure that risk system data are accurate and models are appropriately controlled.
Work closely with internal and external resources to evaluate new systems and changes to existing applications.
Develop and maintain documented models of business processes and supporting systems.
Maintain a solid understanding of requirements associated with company policies, internal controls, and applicable regulatory standards, as well as risk management best practices.
Monitor and report on the front office’s compliance with risk policies and procedures
Monitor trader’s compliance with risk policies and limits.
Develop and track business metrics.
Provide ad hoc analyses as required and perform other duties as assigned.
Qualifications:
Bachelor’s Degree in mathematical and computational finance, economics, actuarial science, engineering, business, or a closely related discipline; or an equivalent combination of education and experience sufficient to successfully perform the position’s essential duties. A Master’s Degree in one of those fields can substitute for up to one year of the required experience.
A minimum of five (5) years experience with wholesale energy trading and retail power markets at an electric utility, independent power producer, or other entity within the energy sector or in a closely related field.
Knowledge of Enterprise Trading and Risk Management (ETRM) software implementation and maintenance.
Basic understanding of Options Pricing and Risk Models preferred
Basic understanding of the interaction between CCAs and investor-owned utilities.
Job #:
1288
#J-18808-Ljbffr
The Risk Controls Manager will be responsible for various tasks in risk management as well as Energy Trading and Risk Management (ETRM) software implementation and ongoing systems administration. This position works closely with other members of the Finance and Administration department and the Power Resources department’s respective front and back offices.
Role:
Work with Front, Middle, and Back Office to implement energy trading and risk management solutions, with the first phase focused on deal capture and settlements system.
Define project scope and objectives, involving all relevant internal stakeholders and ensuring technical feasibility.
Determine and define clear deliverables, roles, and responsibilities for key staff members.
Develop project plans, goals, and budgets; Use project management tools to track project performance and schedule.
Assemble and coordinate project team members; assign individual responsibilities; Ensure resource availability; Communicate proactively with key staff.
Coordinate internal resources and third parties/vendors.
Develop detailed business requirements documents.
Deliver projects on schedule and within budget; Monitor project progress and make necessary changes.
Develop test plans, ensure testing strategy adequately tests all relevant applications and implement test plans and validate results.
Establish and implement training processes and strategies.
Create and maintain comprehensive project documentation and user guides
ETRM System Ongoing Maintenance and Enhancement:
Provide system administration support, including monitoring and maintaining appropriate system access and maximizing system capabilities to minimize manual work, create efficiencies and reduce risk.
Work directly with business SMEs to identify and solve business issues and problems through the application of technology-based solutions.
Develop a technical roadmap and phased implementation of future phases, including portfolio management, risk measurement and monitoring, finance management and accounting, and load forecasting and analysis.
Implement risk tools that enable monitoring of market risk of the portfolio. Maintain data quality and model governance infrastructure to ensure that risk system data are accurate and models are appropriately controlled.
Work closely with internal and external resources to evaluate new systems and changes to existing applications.
Develop and maintain documented models of business processes and supporting systems.
Maintain a solid understanding of requirements associated with company policies, internal controls, and applicable regulatory standards, as well as risk management best practices.
Monitor and report on the front office’s compliance with risk policies and procedures
Monitor trader’s compliance with risk policies and limits.
Develop and track business metrics.
Provide ad hoc analyses as required and perform other duties as assigned.
Qualifications:
Bachelor’s Degree in mathematical and computational finance, economics, actuarial science, engineering, business, or a closely related discipline; or an equivalent combination of education and experience sufficient to successfully perform the position’s essential duties. A Master’s Degree in one of those fields can substitute for up to one year of the required experience.
A minimum of five (5) years experience with wholesale energy trading and retail power markets at an electric utility, independent power producer, or other entity within the energy sector or in a closely related field.
Knowledge of Enterprise Trading and Risk Management (ETRM) software implementation and maintenance.
Basic understanding of Options Pricing and Risk Models preferred
Basic understanding of the interaction between CCAs and investor-owned utilities.
Job #:
1288
#J-18808-Ljbffr