GLOBAL RISK ASSOCIATE

EDP Renewables is a global leader in the renewable energy sector and the world's fourth largest renewable energy producer. With a sound development pipeline, first class assets, and market-leading operating capacity, EDPR has undergone exceptional development in recent years and is currently present in 28 markets (Belgium, Brazil, Cambodia, Canada, Chile, China, Colombia, France, Greece, Germany, Hungary, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, Poland, Portugal, Romania, Singapore, Spain, Taiwan, Thailand, UK, US and Vietnam).

EDPR is committed to furthering social advances in terms of sustainability and integration. This is reflected by the inclusion of the company in the Bloomberg Gender Equality index and the fact that it has been certified as a Top Employer 2023 in Europe (Spain, Italy, France, Poland, Portugal and Romania and Brazil), as well as a Top Workplace 2022 in the United States, as a recognition of its employee-driven policies.

MISSION

Collaborate in managing and monitoring EDPR’s group market exposure related to energy generation, sales activity, and hedging strategy.

As a member of EDPR Global Risk team you will be responsible for setting, monitoring and reporting on the risk strategy of the Group. In close coordination with different areas of the company (Global Energy Management, Finance, Market Operations, etc.) you will ensure adherence to Group Risk policies and limits, and undertake analyses needed for the company’s strategic decisions, mainly in terms of organizational energy portfolio, but also in investment decisions, budget and business plan definition.
 

MAIN ACCOUNTABILITIES

1.    As part of the Global Risk team at EDP Renewables, collaborate in the preparation of Risk Committees held on a monthly/quarterly basis and presentation to the Top Management of the company, covering the following items:
•    Monitoring of mitigation of energy price risk (electricity, environmental attributes, etc.) and hedge ratio levels at country and EDPR global level;
•    Monitoring of shape, basis and balancing risk;
•    Liquidity risk assessment;
•    Definition, implementation and backward testing of risk policies;
•    On-demand strategic analyses;

2.    Assess impact of EDP’s Global Energy Management unit activities in EDPR risk position:
•    Ensure EDPR merchant position and hedge ratio levels adhere to established policy limits;
•    Propose strategies and actions to mitigate market risk;
•    Analyze impact of new PPAs and hedging activity in overall company’s risk position;

3.    Monitor regulatory changes in renewable/electricity sector across EDPR geographies, analyzing impact in company risk position and propose mitigating actions;

4.    Propose new market risk procedures and policy improvements in EDPR, based on market evolution and company’s risk appetite;

5.    Automation of Market Risk monitoring at EDPR (SQL, Datalake, PowerBI);

6.    Provide support to other Global Risk team members in other areas, such as Counterparty, Operational, Financial, Regulatory or Investment risk topics, among others;
 

REQUIRED PROFILE

1.    ACADEMIC LEVEL

University Degree on Business Administration, Economics, Engineering (MBA and FRM/CFA a plus). Excellent Academic Record.

2.    REQUIRED PROFESSIONAL EXPERIENCE

3-5 years of professional experience in a risk, energy, financial or consultant position.

3.    SPECIFIC KNOWLEDGE

•    Experience with market risk in an energy company or financial institution (fronting or middle office)
•    Finance, Accounting and Statistics (MBA a plus)
•    Knowledge of Microsoft Office (Excel, PPT) and statistical tools (e.g. @Risk)
•    Knowledge of SQL, Power BI and other automation tools

4.    LANGUAGES

•    English – Fluent.
•    Spanish – Fluent.
•    Portuguese (a plus)

5.    SKILLS / COMPETENCES

•    Good analytical and quantitative skills
•    Good verbal communication and presentation skills
•    Ability to work under pressure and meet tight deadlines
•    Ability to work in a team-based environment, based on collaboration
 

Among EDPR's principles we would like to highlight diversity and inclusion as a strength in our values and practices. Reinforcing these principles has a real impact on the satisfaction of commitment, increases talent and the quality of leadership of our professionals. To achieve all our objectives, it intends to attract, develop and retain different profiles, assuming diversity as a key factor and differentiator of fundamental innovation in our organisation. We welcome and value all people, and we are committed to the inclusion and sense of belonging of each person who is part of EDPR.

What makes us proud as an employer:

TOP Employer Europe 2023 certification.
Bloomberg Gender Equality Index 2023.
Top Workplaces US 2023.
Certification in Conciliation (Excellence) by the Más Familia Foundation;