Business Analyst

Business Analyst Job Description Title: Business Analyst Location: Newark NJ Duration: 6+ month 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. Qualifications 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. #J-18808-Ljbffr