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Sr Risk Analyst

Company: Calpine
Location: Houston
Posted on: May 28, 2023

Job Description:

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 76 power plants in operation and one under construction represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states, Canada and Mexico. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Employee Benefits

At Calpine, our comprehensive total rewards package goes far beyond a paycheck. It includes benefits designed to help you balance work with life, manage your health, protect your income, help prepare for your retirement and much more. For employees who go above and beyond, Calpine offers awards and recognition for exceptional job performance.In addition to competitive salaries, Calpine provides a flexible paid time off (PTO) program, commuter expense reimbursement and bonuses for referring highly qualified new employees.

Hybrid schedule 3/2 working with Manager's Discretion.

Job Summary (includes but is not limited to the following, other duties may be assigned)

Calpine Corporation (www.calpine.com) is helping meet the needs of an economy that demands more and cleaner sources of electricity. Founded in 1984, Calpine is the nation's largest independent power producer, capable of delivering over 28,000 megawatts of clean, cost-effective, reliable, and fuel-efficient electricity to customers and communities in 20 states in the U.S. and Canada. The company owns, leases, and operates 92 low-carbon natural gas-fired and renewable geothermal power plants. Using advanced technologies, Calpine generates electricity in a reliable and environmentally responsible manner for the customers and communities it serves.

Job Responsibilities

Responsible for identifying, evaluating, and planning strategies for improving risk management including the execution of daily valuation and position reporting for a regional risk portfolio. Specify and build analytical tools and reports to create and distribute market risk information to various users within Calpine, including members of the front office, senior management, and accounting, among others. Types of information to be addressed:

  • Daily MTM and P&L estimates
  • Daily positions by commodity, location, portfolio, and time period ---Independent validation of market valuations for existing portfolio and new deals
  • Adherence to risk management policies with focus on maintaining effective controls for trading and business processes. Support of compliance and audit activities.
  • Ad hoc assessments of risk factors
  • Interact with traders, originators, accounting staff, and management to answer questions about portfolio positions, changes, and risk factors.
  • Collaborate with IT organization to improve the underlying risk system infrastructure (models, calculations, data flows, reports, etc.).

    Job Requirements

    • Bachelor's Degree in discipline such as business, engineering, or other quantitative discipline with 3+ years of experience in energy sector is required. Knowledge base should cover a significant subset of the following topics:
      • Strong model-building skills; experienced with analytical and data manipulation applications such as Excel, SQL, Visual Basic, R, and other programming languages preferred.
      • Ability to analyze large volumes of data and present results in a clear, concise written and oral form
      • Should be able to work autonomously and accept responsibility; able to excel under the pressure of multiple deadlines.
      • Team player who is used to diving into issues, brainstorming solutions, and learning new methods and tools to address; results oriented.
      • ETRM systems generally and Allegro specifically
      • Power and natural gas markets

        Additional Calpine Information:

        • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
        • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

          Please view Equal Employment Opportunity Posters provided by OFCCP here

          Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

          The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Keywords: Calpine, Houston , Sr Risk Analyst, Professions , Houston, Texas

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