NextEra Energy , Inc.
Market Risk Manager
NextEra Energy , Inc., North Palm Beach, Florida, United States, 33408
Requisition ID:
80534
NextEra Energy Marketing
is one of the nation's leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources' generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client's needs? Join our world-class team today!
Position Specific Description
We are looking for a highly skilled, hands-on market risk manager and product controller to join our market risk management team. This team operates several areas of support that some firms may operate separately: market risk management, product control, and independent price verification. We see these areas as inseparable for a complete understanding of the trading risks. The person we are seeking is a seasoned professional who is excited about energy risk management and can translate that into building a first-class risk function.
This role reports to the Director, Head of Market Risk Management and is based at NextEra Energy's headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.
Responsibilities:Join a team of 3 to 4 market risk analysts, mentor junior team membersEngage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operationsDevelop and implement market risk models, including VaR, stress testing, and scenario analysisMonitor, analyze, and report on market risk exposures and assess exposures versus established limitsDaily reconciliation and verification of trading P&LExplain profit and loss performance to managementProduce and distribute daily P&L and attribution, position, and risk reportsPerform independent price verification of pricing curves, propose valuation reserves as appropriateEvaluate complex transactions including calculating Day 1 and other reservesApplication of company accounting policies to support external financial reportingSignificant involvement in month-, quarter-, and year-end closing processesConform to SOX controls processes and innovate controls improvementsWork closely with other risk functions to ensure a holistic approach to risk managementSupport systems upgrades and implementations and Trading Risk Management automation projectsFoster a risk aware culture, model high ethical standards, and be a champion for the company's values of excellence, doing the right thing, and respectQualifications:
Proven success on a leading power and gas trading floor as a risk manager and/or product controller or closely related roles, e.g., trader, 8+ yearsStrong knowledge of power and gas markets, as well as other energy and traded marketsStrong understanding of physical trading, derivatives, and financial productsExcellent quantitative and analytical skillsExcellent proficiency in Excel, SQL, and quantitative programming languages such as PythonExperience with Energy Trading Risk Management SystemsDegree in a quantitative disciplineCollegiality and truly good interpersonal skills balanced with a disciplined risk management approachProfessional passionate about risk managementJob Overview
This position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. Employees in this role oversee a team of analysts responsible for reviewing daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Front Office and Risk teams to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.
Job Duties & Responsibilities
Oversees and manages a team of Trading Risk analysts in support of energy marketing functionsReviews daily risk reports prepared by analysts prior to submission and regular review of deal amendments log for exceptionsReviews reports to support earnings and prepares reports for management on a monthly basisManages confirmation processes, independent pricing validations and origination deal processingSupports systems upgrades and implementations and Risk automation projectsMaintains oversight of Risk Controls including maintenance of Trading and Risk Manuals and supports SOx, FERC and any other internal audit testing processesLiaises between the front office personnel, accounting (backoffice), credit, and systems (IT) on a daily basisPrepares executive management reports including associated analysis of asset related and proprietary trading market exposuresPerforms other job-related duties as assignedRequired Qualifications
Bachelor's DegreeExperience: 8+ yearsPreferred Qualifications
None
Employee Group:
ExemptEmployee Type:
Full TimeJob Category:
Energy TradingOrganization:
NextEra Energy Marketing, LLCRelocation Provided:
Yes, if applicable
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.
NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.
NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
NextEra Energy
does not
accept any unsolicited resumes or referrals from
any third-party recruiting firms or agencies . Please see our policy for more information.
80534
NextEra Energy Marketing
is one of the nation's leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources' generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client's needs? Join our world-class team today!
Position Specific Description
We are looking for a highly skilled, hands-on market risk manager and product controller to join our market risk management team. This team operates several areas of support that some firms may operate separately: market risk management, product control, and independent price verification. We see these areas as inseparable for a complete understanding of the trading risks. The person we are seeking is a seasoned professional who is excited about energy risk management and can translate that into building a first-class risk function.
This role reports to the Director, Head of Market Risk Management and is based at NextEra Energy's headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.
Responsibilities:Join a team of 3 to 4 market risk analysts, mentor junior team membersEngage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operationsDevelop and implement market risk models, including VaR, stress testing, and scenario analysisMonitor, analyze, and report on market risk exposures and assess exposures versus established limitsDaily reconciliation and verification of trading P&LExplain profit and loss performance to managementProduce and distribute daily P&L and attribution, position, and risk reportsPerform independent price verification of pricing curves, propose valuation reserves as appropriateEvaluate complex transactions including calculating Day 1 and other reservesApplication of company accounting policies to support external financial reportingSignificant involvement in month-, quarter-, and year-end closing processesConform to SOX controls processes and innovate controls improvementsWork closely with other risk functions to ensure a holistic approach to risk managementSupport systems upgrades and implementations and Trading Risk Management automation projectsFoster a risk aware culture, model high ethical standards, and be a champion for the company's values of excellence, doing the right thing, and respectQualifications:
Proven success on a leading power and gas trading floor as a risk manager and/or product controller or closely related roles, e.g., trader, 8+ yearsStrong knowledge of power and gas markets, as well as other energy and traded marketsStrong understanding of physical trading, derivatives, and financial productsExcellent quantitative and analytical skillsExcellent proficiency in Excel, SQL, and quantitative programming languages such as PythonExperience with Energy Trading Risk Management SystemsDegree in a quantitative disciplineCollegiality and truly good interpersonal skills balanced with a disciplined risk management approachProfessional passionate about risk managementJob Overview
This position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. Employees in this role oversee a team of analysts responsible for reviewing daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Front Office and Risk teams to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.
Job Duties & Responsibilities
Oversees and manages a team of Trading Risk analysts in support of energy marketing functionsReviews daily risk reports prepared by analysts prior to submission and regular review of deal amendments log for exceptionsReviews reports to support earnings and prepares reports for management on a monthly basisManages confirmation processes, independent pricing validations and origination deal processingSupports systems upgrades and implementations and Risk automation projectsMaintains oversight of Risk Controls including maintenance of Trading and Risk Manuals and supports SOx, FERC and any other internal audit testing processesLiaises between the front office personnel, accounting (backoffice), credit, and systems (IT) on a daily basisPrepares executive management reports including associated analysis of asset related and proprietary trading market exposuresPerforms other job-related duties as assignedRequired Qualifications
Bachelor's DegreeExperience: 8+ yearsPreferred Qualifications
None
Employee Group:
ExemptEmployee Type:
Full TimeJob Category:
Energy TradingOrganization:
NextEra Energy Marketing, LLCRelocation Provided:
Yes, if applicable
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.
NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.
NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
NextEra Energy
does not
accept any unsolicited resumes or referrals from
any third-party recruiting firms or agencies . Please see our policy for more information.