Market Risk Analyst

Job Description

JOB TITLE: Market Risk Analyst

REQUISITION: CFO004T

DIVISION: CFO

DEPARTMENT: Strategic Plan and Risk Management

• Kansas City Headquarters

LOCATION: Kansas City, MO

JOB PROGRESSION: Market Risk Analyst II: $62,300 - $77,900

Sr Market Risk Analyst: $79,100 - $105,400

Lead Market Risk Analyst: $93,100 - $124,100

Scheduled Work Hours: Monday

• Friday 8:00 a.m.

• 5:00 p.m. Job may require additional hours as required.

Summary of Primary Duties and Responsibilities:

As a Market Risk Analyst, you'll play a key role in bolstering our Market Risk team in trading risk management. This role will encompass validating, crafting, and deploying quantitative models that assess risks intrinsic to energy and commodity markets.

Major responsibilities include, but are not limited to:

• Model validation/improvement/development: Construct, validate, and fine-tune sophisticated risk models spanning market (price, volatility, correlation), Exposure and liquidity risk segments, e.g., VaR, PFE, EaR, funding and market liquidity

• Model implementation: various at-Risk models (VaR, GMaR, Congestion at-Risk, etc) as well as Stressed/Scenario models (PFE, LGD, etc)

• Assists development of energy price forecast, forward curve, and volatility models

• Expertise in Fundamental analysis of Power, Gas, and REC markets

• Assist in the Market fundamentals analysis and reporting, and training junior members

• Valuation modeling for price verification and model validation purposes: Value exotic products, e.g., full-requirements/load following deals, long-dated deals

• Designs and constructs risk management tools used in evaluating company's risk profile and exposure levels

• Continuous Enhancement: Evolve and adapt risk models in response to shifting business strategies and dynamic market conditions

• Scenario Exploration: Undertake comprehensive scenario analyses and stress tests to gauge potential repercussions of adverse market conditions

• Collaboration: Work closely with cross-functional squads to guarantee seamless integration of risk models

• High level of involvement in month, quarter, and year-end closing processes

• Conform to SOX controls processes and innovate stronger controls

• Mentor junior colleagues in best quantitative practices

• Assist in the development of core algorithms and models to support trading, origination, and asset pricing/optimization/hedging recommendation

• Performs other job-related duties as assigned

Education and Experience:

• Advanced degree in a finance discipline such as Financial Engineering, Mathematics, Statistics, Economics, or related science and engineering fields

• Experience as a quantitative analyst or related roles in a trading environment, 3 years

Skills, Knowledge, and Abilities:

• Strong programming skills in languages such as Python or R for conducting quantitative analysis, 3 years

• Good knowledge in stochastic modeling, e.g., GBM

• Good knowledge in Excel including pivot tables, Power Queries, and advanced Formulas

• Good interpersonal communication and presentation skills

• Exposure to regulatory expectations and industry standards concerning risk management practices

• Professional and passionate about Energy Trading risk management

• Experience with ETRM (Energy Trading Risk Management) systems and Oracle database

Licenses, Certifications, and/or Testing:

None

Working Conditions:

Working conditions will be office based and must be able to work additional hours on short notice.