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.