Business Analyst

Title: Business Analyst

Location: Newark NJ

Duration: 6+ month 

Job Description:

• Monitor portfolio risk associated with Client 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 Client'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. 

Basic Qualifications: 

• Bachelors in Economics, Finance, Mathematics, Engineering, Business, Computer Science, or a Quantitative related degree. 

• Prior related experience in risk management, finance, quantitative analysis, or energy required. 

• Proficient in Microsoft Excel. Experience with R, S-Plus, MATLAB, or another statistical software package. 

• Ability and willingness to be flexible with work schedule to accommodate the business needs. 

• Candidate must foster an inclusive work environment and respect all aspects of diversity. 

• Successful candidate must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices. 

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.

Thanks & Regards

Sachin Gaikwad

Direct Line : 732-429-1920