Quantitative Analyst II

: Requisition ID: 27649 Location: Houston, US, 77056

What You Can Expect

As a Quantitative Analyst II, you will perform a series of tactical and strategic actions focused on support of maximizing business Profit & Loss (P&L) while preserving healthy risk levels. In this role, you will be responsible for deploying market risk expertise into developing sophisticated risk management infrastructure and working with commercial and risk teams to propose, validate, and evaluate strategies.

• Monitor markets trends, regulatory landscape, current risk levels and exposures, Power Purchase Agreement (PPA) terms, and other relevant sources of impacts, and propose volatility models, scenario analysis, and stress tests for underlying retail supply and renewable energy portfolios
• Propose, evaluate, and validate commercial strategies that manage the value/risk balance of the various retail / renewable energy portfolios managed by Global Energy Management & Sales (GEMS) individually and collectively (e.g., reducing basis risk, managing intermittency, etc.)
• Collaborate with Market Risk, Front Office, and internationally with Risk Economic Capitals (ECs) on the development and improvement of the risk metrics, and the proper representation of assets, Power Purchase Agreements (PPAs), and other load obligations in the management systems
• Understand the underlying market & credit risk structure of various GEMS portfolios and develop risk mandates/limits that allow for healthy risk capital for the monetization of such portfolios
• Build and maintain models relating to Value at Risk (VaR), price curve development, target optimization, and Economic Value Added (EVA)
• Support Business Development teams, offering views on particular Independent System Operators (ISOs) market fundamentals, price x renewable production dynamics, etc.
• Build, maintain, and publish internal models for tracking and evaluating asset-specific metrics per contractual terms
• Perform credit risk and potential future exposure analysis for various contract structures
• Perform ad-hoc fundamental and statistical analysis
• Perform an economic analysis of structured transactions and advise origination & structuring teams
• Collect and synthesize actionable market intelligence
• Carry out other duties as assigned

What You'll Bring

• A minimum of a four-year degree in which you completed courses in an analytical and quantitative discipline (Engineering, Finance, Economics, Math)
• A minimum of 2 years of general business experience in Risk, Trading, Structuring or Market Analysis capacity
• Relevant experience in Competitive Energy Markets, dealing with Renewable assets and/or Retail Supply books
• Experience in the structure, transactions, and protocols of wholesale and retail energy markets (familiarity with the minimum of two markets across Electric Reliability Council of Texas (ERCOT), Pennsylvania New Jersey Maryland Interconnection (PJM), Southwest Power Pool (SPP), Midcontinent Independent System Operator (MISO), New England Power Pool (NEPOOL), and New York Independent System Operator (NYISO))
• Excellent data handling, structuring, organizing, processing, and presenting skills
• (using Excel + Visual Basic for Applications (VBA), Structured Query Language (SQL), Python, R, or any other data analysis tool)
• Resourceful ability to use a variety of tools, data sources, and systems; and inherent curiosity to procure and test new resources
• Familiarity with using Energy Trading and Risk Management (ETRM) systems
• Knowledge of financial derivatives and commodity markets
• Analytical profile, ability to provide precise and solid insights, identify causes and conditions, structure action plans, and propose and defend those to the leadership
• A focus on deadline-driven project management skills for international cross organizational coordination
• Ability to manage multiple competing priorities on a timely basis with a high degree of accuracy
• Team player with the ability to work well with others
• Open to feedback and debate
• Strong oral and written communication skills
• Confident in debating and defending analyses and perspectives

Additional Details

• This role is eligible for our hybrid work policy
• Must be willing and able to comply with ENGIE's policy with respect to COVID vaccination and testing
• Must be willing and able to comply with all ENGIE ethics and safety policies

Compensation

Salary Range: $62,400 - $95,450 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all - we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn't just participating in the Zero-Carbon Transition, we're leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at View email address on us.fitly.work. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

This role is eligible for sponsorship.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.

Business Unit: GEMS Division: GEMS - BP AMERICAS Legal Entity: ENGIE ENERGY MARKETING NA, INC. Contract Type: Permanent Job Type: Full - Time Professional Experience: Junior (experience < 3 years) Education Level: Bachelor's Degree

Nearest Major Market: Houston