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Senior Risk Analyst

Location: 

White Plains, US

Summary

The Risk Analyst functions as the technical support across the Risk Management Business Unit’s departments consisting of Energy Commodity and Credit Risk, Enterprise Risk Management and Insurance Risk. The Risk Analyst performs analytics, research, and risk modeling in support of NYPA’s Risk Management functions. The Risk Analyst provides on-going risk identification, definition, assessment, and analysis associated with NYPA’s risk mitigation plan and strategic initiatives. #LI-VB1

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.

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.

Education, Experience and Certifications

  • Bachelor's degree required; Business Administration, Finance, Accounting, or Economics.
  • Minimum 7 years of demonstrated experience in risk analysis, process modeling and system configuration.

Physical Requirements

  • Limited travel (about 10%) required primarily to our generating facilities.

New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The target salary range for this position is:$101,000 - $124,000. Salary offered will be determined based the successful candidates’ relevant experience, knowledge, skills, and abilities.

 

The New York Power Authority and Canals Corporation believes that equity, diversity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across NY and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race, religion, color, national origin, sex, sexual orientation, gender identity and/or expression, age, veteran status, disability status, pregnancy, marital status, genetic information, arrest record or criminal conviction history, or any other category protected by law.

We are happy to provide reasonable religious accommodations during the hiring process for those in need. If you have a disability or special need that requires a reasonable accommodation, please send a request to accessibility@nypa.gov.

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

Job Segment: Risk Management, Technical Support, Developer, Internal Audit, Finance, Technology, Research