Analyst, Credit & Energy Risk

Posted:
12/9/2024, 11:40:05 AM

Location(s):
Arizona, United States ⋅ Scottsdale, Arizona, United States

Experience Level(s):
Junior ⋅ Mid Level ⋅ Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

What The Role Is

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.).

#LIHybrid

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations

$80,000—$105,000 USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and energy storage assets, and over 2.4 GW of dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway’s fleet of emissions-free assets generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information, visit clearwayenergygroup.com.

Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.4 GW of gross generating capacity in 26 states, including 9 GW of wind, solar, and energy storage and over 2.4 GW of dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide our investors with stable and growing dividend income. Clearway Energy, Inc.’s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by our controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com.

Our Commitment to Diversity, Equity, & Inclusion
At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

Working at Clearway, Hybrid Together
Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

What We Provide
Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website.

Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees.

Clearway Energy

Website: https://www.clearwayenergygroup.com/

Headquarter Location: San Francisco, California, United States

Employee Count: 501-1000

Year Founded: 2018

IPO Status: Private

Last Funding Type: Debt Financing

Industries: Construction ⋅ Energy ⋅ Renewable Energy

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