Energy Risk Manager

: Description Who We Are Clean Power Alliance (CPA) is Southern California's locally operated non-profit default electricity provider for 32 communities within Los Angeles and Ventura counties and the 4th largest electricity provider in the State of California. We provide clean renewable energy at competitive rates to over three million residents and businesses through approximately one million customer accounts. What You'll Do CPA is seeking a motivated, detail-oriented team member to support the development of its Energy Trading and Risk Management (ETRM) system, develop and implement middle office risk models and processes, and perform risk management activities. The position will utilize database concepts, a facility with SQL, Python or similar programing language and analytical and statistical techniques The Energy Risk Manager will be responsible for maintaining and enhancing systems, models and processes that support critical risk and procurement analytics and reporting, as well as leading or supporting those activities. Who You'll Work With The Energy Risk Manager will report to the Director, Energy Risk Management and will work closely with the energy procurement, data & systems groups, and other members of the finance team. This position will work with CPA's scheduling coordinator and other consultants as assigned. Significant interaction with executives will be available and encouraged. Commitment to Diversity At CPA, we value diversity and are committed to creating an inclusive environment for all employees. We represent a diverse customer base and intend to hire employees that reflect our communities. Clean Power Alliance provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Culture CPA fosters a culture of open communication, responsibility, intellectual curiosity, and exceptional judgement. As a small team that has quickly built the largest Community Choice Aggregation program in the country, high levels of trust, collaboration, and mission alignment are key factors in success. We value fact-based creativity in our work, accountability with our stakeholders, and promote ethical engagement and diversity with our brand. Duties and Responsibilities Middle Office Systems: Support the continuing build-out and enhancement of CPA's Energy Trading & Risk Management System (ETRM) , including defining new requirements and managing user acceptance testing. . Perform analytics and design and develop reports including position and scenario based reports. Take ownership of data quality and reporting questions. Financial Modelling: Develop and maintain CPA's financial model and ensure all ETRM data is accurately captured in model. Build or support data-based ad hoc financial analyses such as pro forma cash position forecasts.. Execute other financial or quantitative modelling tasks as they arise. Stochastic Modelling: Support the maintenance and development of stochastic models in cooperation with third party vendors and supervisor. Risk Management: Design and implement, processes, systems and reporting to allow the middle office to perform the following functions: Ensure that CPA adheres to risk policies and procedures by maintaining compliance monitoring and reporting Ensure that commercial transactions and related risks are captured by CPA's risk systems Ensure CPA staff has fully visibility of daily risk exposure, including daily profit/loss, risk and position reports for commercial desks and executive team Monitor counterparty credit exposures and limits Analyze risk/return profiles related to hedging, new products, markets, and structured deals and liaise with the business functions to assure constituent risks are understood, are appropriate to risk appetite, and can be correctly represented in and reported from the trading and risk management systems Vendor Selection and Management: Assist with RFP processes, the selection of third-party vendors, and management of third-party consultants that support credit and energy risk management functions as needed Other duties: Demonstrate thought leadership in the research and development of emerging issues and solutions impacting risk management at CCAs. Other duties, as assigned Requirements Product knowledge in electricity, gas, oil, and/or petrochemical markets Knowledge of financial market mechanics and valuation of physical/financial contracts Working knowledge of quantitative risk management models and methodologies Dynamic interpersonal skills with strong verbal, writing and presentation skills Experience with the development, implementation, application, and oversight of risk metrics and models Capacity to work under time-sensitive business and reporting deadlines Successful Candidates Must Demonstrate the Following Abilities: Strong financial and energy position modelling capabilities Demonstrated skill with SQL and aptitude for database design/architecture High attention to detail with strong organizational skills Strong project management skills Handle multiple priorities to meet deadlines and escalate key issues Work accurately and swiftly under pressure Demonstrate good judgement and integrity Communicate effectively, orally and in writing and can translate complex technical information into non-technical language High tolerance for uncertainty but know how to bring things to resolution Strong work ethic befitting a late-stage start-up environment Qualifications Candidates must have a bachelor's degree and a minimum of 5 years of experience or a master's degree and a minimum of 3 years of experience. Must have experience in energy middle office, risk management, structuring, pricing, power planning or trading/procurement Experience with trading and risk management systems is required Experience supporting system implementation projects is required Knowledge of Excel, SQL, relational database concepts and Python, R or similar is required Start-up experience and a track record of establishing policies and procedures is highly desired Must be able to sit or stand at a desk and work on a computer for prolonged periods Benefits The salary range for this position is $149,694 - $215,559 with exact compensation to be determined by Clean Power Alliance, dependent on experience. Benefits include health care, a 401(k)-like match program, paid vacation, and sick leave. This is not a civil service position; however, all CPA employees are required to submit a Statement of Economic Interests form, also known as the Form 700. Work Location This position is eligible for either Hybrid or Remote options. The Hybrid option requires 2-3 assigned days in the Downtown Los Angeles office and includes an enhanced transportation allowance. The Remote & Hybrid options require in-person attendance at organization or team-wide events 3 times per year for 3-5 days per event. Full-time staff are required to work during CPA's office hours Monday-Friday 8:30am-5:30pm PST.