Business Analyst

Title: Business Analyst

Location: Newark NJ

Duration: 6+ month

Job Description:

• Candidates with 1 to 2 years of Commodities/Energy (Power/Gas)

• Experience with Northeast Power Markets

• Understanding of various trades

• VBA, R, Matlab, coding experience 

• Excel is a must have

• Strong communication skills, organized and detailed 

• Experience with quantitative finance and portfolio theory – generation assets, etc.

• Prefer a Masters in Quant/Finance 

• BA in Science, Engineering, Finance is a must 

• Understanding of basic programming concepts 

• Possibility to go perm

• Monitor portfolio risk associated with PSEG Power’s fleet of electricity generation assets as well as physical & financial derivative hedges.

• Use energy risk software to model Gross-Margin-at-Risk (GMaR), Value-at-Risk (VaR), Potential Future Exposure (PFE), and Potential Margin.

• Create and maintain various commodity price and electricity load risk factors models that form the basis of PSEG’s risk framework.

• Provide quantitative support to credit risk team as it relates to Potential Future Exposure and Potential Margin calculations.

• Employ derivative pricing models (futures, swaps, forwards, options, spread options, etc.) to ensure accuracy of risk related commodity derivative valuations.

• Work closely with traders and portfolio managers to assess and monitor risk and compliance with market risk policies and limits. 

• Daily monitoring of electricity, natural gas, coal, and related commodity forward price and volatility curves.

• Responsible for daily and weekly risk analysis and reporting on market driven financial risk to senior management including C-level executives.

Required Competencies: 

• Knowledge of risk management fundamentals and financial derivatives.

• Strong analytical skills and attention to detail.

• Good problem solving and decision making ability.

• Excellent organizational skills with ability to handle multiple duties simultaneously.

• Ability to effectively communicate at all levels.

• Project management skills.

Desired Qualifications: 

• Master’s degree in quantitative discipline or MBA.

• Energy risk management or commodities risk experience.

• Strong general understanding of computer programming e.g. R, VBA, Matlab, C++.

• Working knowledge of northeast ISOs, e.g. PJM.

• Experience with Aligne or similar ETRM system.