MARKET RISK ASSOCIATE

Country/Region:  US
City:  Madrid
Business Unit:  EDPR - HRZ

EDP Renewables is a global leader in the renewable energy sector nad the world's third-largest wind 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 17 markets (Belgium, Brazil, Canada, Colombia, Chile, France, Greece, Hungary, Italy, Mexico, Poland, Portugal, Romania, Spain, the 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 2021 in Europe (Spain, Italy, France, Poland, Portugal and Romania), both of which recognise its employee-driven policies.

 

Mission

 

Provide support to the Global Energy Management platform in the EDP Group by supervising the market risk within the conventional and renewable power generation and trading activities. Evaluate impact in exposures of evolving market regulation scenarios. Contribute to development in potential new geographies through the delivery of analysis needed for company’s strategic decisions in terms of organizational energy portfolio, investment decisions (international expansion), budget and business plan definition.

 

Main Accountabilities

 

1. Making part of the Global Energy Management (GEM) platform within the EDP Group, preparation of Steering Committees held every month, covering the following items:
•    Monitor and control of price, volume and shape risk in open exposures arising from both conventional and renewable generation and financial hedges (electricity, gas, coal, CO2, environmental attributes, etc.)
•    Calculate and monitor risk metrics that supervise the activity of the Global Energy Management platform (Generation, Prop Trading and Asset Backed Trading). 
•    Monitor basis risk, together with hedge ratio through financial swaps and FTRs at EDPR Global level.
•    Liquidity risk assessment.   
•    Definition, implementation and backward testing of risk policies.  
•    On-demand strategic analysis.


2. Risk support to EDPR Origination Department:
•    Structuring of PPAs: Physical/Financial, shape, optionality, tenor, delivery through transmission, etc


3. Risk support to EDPR Market Operations Department:
•    Risk models for hedging commodities and congestion
•    Risk models for scheduling

4. Propose market risk procedures improvements in the Global Energy Management.


5. Automation of Market Risk monitoring in the GEM Platform (SQL, Datalake, PowerBI) 
 

Requerid Profile

 

1.    ACADEMIC LEVEL

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

 

2.    REQUIRED PROFESSIONAL EXPERIENCE

+3 years of professional experience in a risk, financial or consultant position.

 

3.    SPECIFIC KNOWLEDGE

•    Experience with market risk in Bank (fronting or middle office) or energy company.
•    Finance, Accounting and Statistics (MBA a plus).
•    Knowledge of Microsoft Office and statistical tools (ex: @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.
•    Ability to work under pressure and meet tight deadlines.
•    Good team worker within and outside department.
 

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 2021 certification.
Bloomberg Gender Equality Index 2021.
Top Workplaces US 2021.
Certification in Conciliation (Excellence) by the Más Familia Foundation;


Job Segment: Sustainability, Wind Energy, Pipeline, MBA, Energy, Bilingual, Management

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