The Analyst of Credit and Energy Risk will reside within the middle-office function supporting the risk management of energy marketing and trading activities across Clearway’s portfolio of renewable and conventional generation assets. This position performs both counterparty credit risk and market risk management as well as compliance with risk policies and covenants in commercial agreements. The Analyst will ensure that Clearway maintains a risk-oriented mentality as the platform expands into new technology and dynamic market structures, by understanding current and emerging risks across all North American wholesale energy markets. The role provides a great opportunity to learn about various risks and functions within the commodities trading world. As the Credit & Energy Risk Group is a focal point in the organization, the role will provide exposure to several cross functional departments. This role reports to the Manager, Credit & Energy Risk.
This is a hybrid position with a strong preference for our Scottsdale office location.
What You'll Be Doing Assess initial and ongoing creditworthiness of counterparties through thorough financial analysis, establish credit lines with counterparties, ensure that appropriate bilateral collateral and credit support arrangements are in place with such counterparties and ISOs, and oversee daily margin calls. Assist the Front Office functions (energy management, origination) with pre-transaction compliance, negotiation, administration, and maintenance of commodity enabling agreements with counterparties, brokers, futures commission merchants, commodity exchanges and third-party service providers. Create and maintain dashboards that present positions and exposures for Clearway including a) credit exposures including mark-to-market of energy hedges; b) Value at Risk; c) scenario / sensitivity analysis; d) exposure against position limits; e) high risk counterparties/portfolio Report credit exposures, positions, risk assessments, operational risk issues and performance in a timely and accurate fashion to senior management and members of the Energy Risk Committee. Work collaboratively with Front Office and Back Office staff to achieve productive outcomes for the enterprise. To be viewed by peers as a ‘problem solver’ as opposed to a ‘roadblock’. Assist in the Group’s ongoing efforts to automate reporting tasks leveraging prior programming language experience. Prepare materials for the Energy Risk Committee, help maintain current and prior versions of the Energy Risk Management Policy and assist with the annual Policy review process. Ensure that counterparty and contract information is recorded accurately in Clearway’s system of record in a timely manner. What You'll Bring Bachelor’s Degree in economics, finance, accounting, business, mathematics, or related discipline. 1-3 years of credit and/or market risk experience in an energy trading or commodity environment. Solid credit analytical skills with some experience negotiating energy-related agreements (ISDAs, EEIs, PPAs) and underlying collateral including parental guarantees and letters of credit. Strong Excel skills to spread financials and/or assist in creating credit reporting/models. Communication skills; able to relay complex issues in a digestible, executive-level format. Enthusiastic and self-starter; have the curiosity to learn and not be afraid of working in a black box. What Would Be Nice Direct renewable energy experience. Knowledge of power markets (ERCOT, CAISO, PJM). Understanding of derivatives (OTC forwards, swaps, futures & options). CPA/CFA designation (or progress towards). Advanced in any programming language, PowerBI reporting, and Bloomberg.Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).
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