Company
Seattle City LightLocation
USA-WA-SeattleRemuneration
$37.20 - $55.81 HourlyPosition Type
PermanentEmployment type
Full timeUpdated
14-Oct-2013eFC Ref no
1292432
Please see full job description below.
Seattle City Light, a department of the
City of Seattle, is one of the nation’s largest municipally owned
utilities in terms of the number of customers served. Over the years we
have worked very hard to keep Seattle's electricity affordable,
reliable, and environmentally sound. Today, City Light is a recognized
national leader in energy efficiency and environmental stewardship.
Seattle City Light's Risk Oversight Division is recruiting for the position of Strategic Advisor – Deal Review & Valuations. This individual will be responsible for review of all wholesale power and related ancillaries contracts, development of appropriate valuation tools for wholesale structured transactions (including renewables) and implementation of a robust deal review process. This position will report to the Director of Risk Oversight.
Job Responsibilities:
Seattle City Light’s Risk Oversight Division is responsible for management of risks related to the Utility’s wholesale trading activities and this involves risk analytics, reporting, control, confirmations, counterparty credit risk and settlements. The Division is also responsible for Enterprise-wide Risk Management for the Utility.
Primary responsibility for this position is implementation of a robust deal review process including developing and maintaining models that guide the utility’s forward trading and pricing strategies. This includes:
Minimum Qualifications:
Education: Master’s Degree in Economics, Quantitative Finance, Statistics, or a related field.
Experience: Eight years of demonstrated experience in an electric utility, integrated energy, or financial services with commodities focus. With four or more years in contracts review and valuations, quantitative model development, or risk control & reporting. Experience in leading and providing direction, focus and drive in managing projects requiring multidisciplinary teams across organizational lines.
Skills:
- Ability to apply analytical skills/ techniques in researching, analyzing, synthesizing and integrating data/information and effectively articulating methods, results, and insights to senior leadership is essential.
- Excellent oral and written communications skills, as well as outstanding ability to interact and work across business units/divisions and collaborate with individuals from multiple areas of the utility.
- Exposure preferably to a multi-commodity environment and hands-on experience in wholesale contracts evaluation tools including computation of risk adjusted returns such as RAROC analysis and other risk metrics such as Value at Risk, Cash Flow at Risk, etc. with good understanding of Monte Carlo Simulations, Stochastic Processes, Numerical Methods, and Econometric/Statistical Analysis.
- Strong project management and organizational skills, including ability to multi-task, prioritize project segments, identify issues and resolve problems on a timely and effective manner.
- Ability to design, build and maintain models utilizing appropriate analytical tools, such as, Excel, Matlab, R, SAS, VBA, @Risk, etc.
Desired Qualifications:
Doctoral Degree in Economics, Finance or other quantitative field with at least five years of related industry experience.
Desired Certifications:Financial Risk manager (FRM), Energy Risk Manager (ERM), Professional Risk Manager (PRM) or any related field.
Other Skills:
- Strong analytical and quantitative model development experience in energy commodities or financial services.
- Significant experience building and validating models including reviewing model assumptions, verifying the formulation, conducting analysis, developing models to perform testing, and writing validation reports.
- Experience in hydro electric generation and Western energy markets, ancillaries and distribution would be preferable.
- Expert knowledge of market and credit risk measurement techniques, e.g., VaR, CFaR, RAROC, Monte Carlo simulation, optimization techniques, stress testing, back testing, future potential exposure, etc.
- Ideal candidates will have excellent oral and written communications skills with ability to articulate complex material in a clear and concise manner.
Job offers are contingent on the verification of credentials and other information required by the employment process including the completion of a background check which includes criminal history and driving history review.
Want to know more about Seattle City Light? Check out our web page: http://www.seattle.gov/light/. Doctoral Degree in Economics, Finance or other quantitative field with at least five years of related industry experience.
Desired Certifications:Financial Risk manager (FRM), Energy Risk Manager (ERM), Professional Risk Manager (PRM) or any related field.
Other Skills:
- Strong analytical and quantitative model development experience in energy commodities or financial services.
- Significant experience building and validating models including reviewing model assumptions, verifying the formulation, conducting analysis, developing models to perform testing, and writing validation reports.
- Experience in hydro electric generation and Western energy markets, ancillaries and distribution would be preferable.
- Expert knowledge of market and credit risk measurement techniques, e.g., VaR, CFaR, RAROC, Monte Carlo simulation, optimization techniques, stress testing, back testing, future potential exposure, etc.
- Ideal candidates will have excellent oral and written communications skills with ability to articulate complex material in a clear and concise manner.
Job offers are contingent on the verification of credentials and other information required by the employment process including the completion of a background check which includes criminal history and driving history review.
Want to know more about Seattle City Light? Check out our web page: http://www.seattle.gov/light/.
Please Apply Online HERE
Seattle City Light's Risk Oversight Division is recruiting for the position of Strategic Advisor – Deal Review & Valuations. This individual will be responsible for review of all wholesale power and related ancillaries contracts, development of appropriate valuation tools for wholesale structured transactions (including renewables) and implementation of a robust deal review process. This position will report to the Director of Risk Oversight.
Job Responsibilities:
Seattle City Light’s Risk Oversight Division is responsible for management of risks related to the Utility’s wholesale trading activities and this involves risk analytics, reporting, control, confirmations, counterparty credit risk and settlements. The Division is also responsible for Enterprise-wide Risk Management for the Utility.
Primary responsibility for this position is implementation of a robust deal review process including developing and maintaining models that guide the utility’s forward trading and pricing strategies. This includes:
- Identifying and implementing analytical tools including hedging strategies evaluation, valuation of standard and non-standard products relating to energy, transmission capacity and related ancillaries.
- Develop a thorough and robust deal review process that takes a risk based approach to pricing/valuation of contract. Additionally, a process that incorporates engagement of other areas of the utility including legal, accounting, real-time desk, risk systems analyst, settlements etc. to ensure manageability of the contract.
- Ensuring accuracy of inputs, verifying model outputs, modeling new deals, updating of models and methods, documenting and maintaining inventory of models.
- Working closely with front office to assist in the analysis and development of trading strategies and providing explanations of the model and its results to marketers, financial & forecasting teams, Risk Oversight Council and in other meetings when required. Serving as quantitative expert, internal consultant, and resource for other groups.
Minimum Qualifications:
Education: Master’s Degree in Economics, Quantitative Finance, Statistics, or a related field.
Experience: Eight years of demonstrated experience in an electric utility, integrated energy, or financial services with commodities focus. With four or more years in contracts review and valuations, quantitative model development, or risk control & reporting. Experience in leading and providing direction, focus and drive in managing projects requiring multidisciplinary teams across organizational lines.
Skills:
- Ability to apply analytical skills/ techniques in researching, analyzing, synthesizing and integrating data/information and effectively articulating methods, results, and insights to senior leadership is essential.
- Excellent oral and written communications skills, as well as outstanding ability to interact and work across business units/divisions and collaborate with individuals from multiple areas of the utility.
- Exposure preferably to a multi-commodity environment and hands-on experience in wholesale contracts evaluation tools including computation of risk adjusted returns such as RAROC analysis and other risk metrics such as Value at Risk, Cash Flow at Risk, etc. with good understanding of Monte Carlo Simulations, Stochastic Processes, Numerical Methods, and Econometric/Statistical Analysis.
- Strong project management and organizational skills, including ability to multi-task, prioritize project segments, identify issues and resolve problems on a timely and effective manner.
- Ability to design, build and maintain models utilizing appropriate analytical tools, such as, Excel, Matlab, R, SAS, VBA, @Risk, etc.
Desired Qualifications:
Doctoral Degree in Economics, Finance or other quantitative field with at least five years of related industry experience.
Desired Certifications:Financial Risk manager (FRM), Energy Risk Manager (ERM), Professional Risk Manager (PRM) or any related field.
Other Skills:
- Strong analytical and quantitative model development experience in energy commodities or financial services.
- Significant experience building and validating models including reviewing model assumptions, verifying the formulation, conducting analysis, developing models to perform testing, and writing validation reports.
- Experience in hydro electric generation and Western energy markets, ancillaries and distribution would be preferable.
- Expert knowledge of market and credit risk measurement techniques, e.g., VaR, CFaR, RAROC, Monte Carlo simulation, optimization techniques, stress testing, back testing, future potential exposure, etc.
- Ideal candidates will have excellent oral and written communications skills with ability to articulate complex material in a clear and concise manner.
Job offers are contingent on the verification of credentials and other information required by the employment process including the completion of a background check which includes criminal history and driving history review.
Want to know more about Seattle City Light? Check out our web page: http://www.seattle.gov/light/. Doctoral Degree in Economics, Finance or other quantitative field with at least five years of related industry experience.
Desired Certifications:Financial Risk manager (FRM), Energy Risk Manager (ERM), Professional Risk Manager (PRM) or any related field.
Other Skills:
- Strong analytical and quantitative model development experience in energy commodities or financial services.
- Significant experience building and validating models including reviewing model assumptions, verifying the formulation, conducting analysis, developing models to perform testing, and writing validation reports.
- Experience in hydro electric generation and Western energy markets, ancillaries and distribution would be preferable.
- Expert knowledge of market and credit risk measurement techniques, e.g., VaR, CFaR, RAROC, Monte Carlo simulation, optimization techniques, stress testing, back testing, future potential exposure, etc.
- Ideal candidates will have excellent oral and written communications skills with ability to articulate complex material in a clear and concise manner.
Job offers are contingent on the verification of credentials and other information required by the employment process including the completion of a background check which includes criminal history and driving history review.
Want to know more about Seattle City Light? Check out our web page: http://www.seattle.gov/light/.
Please Apply Online HERE
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