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Senior Risk Analyst

Location: 

White Plains, NY, US

Summary

The Operational Risk department within Risk Management identifies and assesses operational risks that could impact the Authority stemming from inadequate or failed internal processes, people and systems or from external events.  Working with other business units, the Senior Risk Analyst will identify, assesses and drive appropriate mitigation of risks that exceed management defined tolerance limits based on established risk frameworks such as the industry standard ISO 31000.

The Senior Risk Analyst is responsible for providing technical support such as research and modeling in order to support the Risk Management department efforts in transforming the organizational risk culture.  The Senior Risk Analyst will provide on-going risk identification assessment and analysis associated with established and implemented frameworks.

Responsibilities
  • Ability to design, perform and interpret analysis necessary to challenge and validate hedging strategies developed by Energy Resource Management.
  • Ability to design, calculate and validate corporate and customer risk exposures, including; Value at Risk, Gross Margin at Risk, market volatility, mark-to-market, and other relevant risk metrics.
  • Thorough understanding of energy hedging products and its risks, including but not limited to; swaps, options (calls, puts, costless collars) and TCC.
  • Ability to design, perform and review a full spectrum of analyses to define and assess complex and emergent risks associated with NYPA’s business practices and strategic initiatives.
  • Work with risk owners to perform a full range of analyses of risks to target root causes and make recommendations in support of NYPA’s risk mitigation plans.
  • Analyze, write and present complex and concise risk reports and presentations containing strategic recommendations and solutions.
  • Ability to work as a lead within inter-departmental project teams, showing intiative and independence.
  • Ability to analyze current processes and recommend changes that lead to improved effectiveness and efficiency.
Knowledge, Skills and Abilities
  • Thorough knowledge of the principles of Economics, Finance, Accounting, derivatives, quantitative and statistical analysis methods and tools and general engineering concepts.
  • Expert understanding of various types of risk drivers, including market, commodity, operational, credit and insurance.
  • Thorough understanding of corporate and customer risk exposures, including; Value at Risk, Gross Margin at Risk, market volatility, mark-to-market, and other relevant risk metrics.
  • Thorough understanding of energy hedging products and its risks, including but not limited to; swaps, options (calls, puts, costless collars) and TCC.
  • Ability to perform and interpret the statistical analysis of inherent risks and to assess strategies and pricing to ensure financial integrity.
  • Strong ability to perform and interpret probabilistic analyses to aid in the development of pricing models, asset evaluation and position assessment.
  • Highly proficient in spreadsheet and/or statistical analysis packages. Proficient in Excel, @Risk, Access, Visual Basic, Word, PowerPoint, MS Project and Visio.
  • Thorough understanding of compliance, internal audit, insurance and strategic planning.
  • Thoroughness and attention to detail.
  • Strong organizational and administrative skills.
  • Strong analytic skills and numbers comprehension.
  • Excellent verbal and written communication skills.
  • Ability to work as part of the broader Risk Management team.
  • Ability to coach and mentor less senior staff.
Education, Experience and Certifications
  • At a minimum, Bachelor’s Degree in Business Administration, Finance, Accounting, or Economics.
  • Minimum 9 years of demonstrated experience in risk analysis, process modeling and system configuration.
Physical Requirements
  • Limited travel (about 10%) required primarily to our generating facilities.

 

The New York Power Authority is an Equal Opportunity Employer                       

New York is Powered by You

We are a team of over 1,900 energy technologists, IT specialists, business experts, hydro engineers, and other professionals leading the energy revolution. With state-of-the-art technology, advanced R&D, and a modernized infrastructure, we provide New Yorkers with low-cost, clean, reliable power — and we are well on the way to becoming the first fully digital utility in the country. At NYPA, you will be empowered to think big, do good, and transform the energy industry.

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Nearest Major Market: White Plains
Nearest Secondary Market: New York City

Job Segment: Risk Management, Engineer, Developer, Technical Support, Finance, Engineering, Technology, Research