Risk Analyst

divh2Risk Analyst/h2pCalpine, a business unit of Constellation Energy Corporation, is Americas largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. With 79 energy facilities in operation, Calpines fleet has the capacity to generate approximately 27,000 MW of electricity enough to power approximately 27 million homes. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner./ppThe company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earths surface to produce clean, renewable electricity./ph3Job Summary/h3pThe Risk Analyst plays a critical role within Calpine Energy Solutions risk management functions. This position provides independent oversight of commodity exposures, valuation, and PL while partnering closely with front, middle, and back office teams. The role emphasizes strong analytic discipline, system expertise, and continuous improvement through process automation and enhancing business transparency./ppThis position supports power and gas retail and wholesale activities by ensuring accurate deal capture, valuation, exposure reporting, and management information to enable informed commercial and risk decisions./ph3Job Responsibilities/h3ulliPerform daily reporting to portfolio managers and management summarizing positions and MtM PL./liliProvide independent analysis and reporting of commodity positions and market price exposures to ensure compliance with company policy/guidelines and alignment with management risk appetite./liliIdentify market/reporting/operational risks and proactively escalate issues with clear analysis and recommended actions./liliPerform daily reconciliation, verification and validation of all trading and pricing activities, as represented in the Energy Trading Risk Management Systems (ETRM)./liliResearch and understand the portfolios risks./liliEvaluate structured deals to ensure accurate deal capture and compare valuations from ETRM systems with front office expectations (risk summaries)./liliServe as a key risk partner on structured and non standard transactions, ensuring all economic components are properly captured, valued, and reported./liliPrepare structured deal reconciliations between initial deal evaluations, and accounting outcomes to confirm reporting accuracy./liliInvolvement in development of new reports./liliCoordinate PL actualization with settlement and operations groups./liliEnsure integrity of PL by coordinating with trading, settlements, scheduling, and operations teams across the transaction lifecycle./liliPrepare detailed monthly reporting to facilitate accounting processes./liliAct as a subject matter expert (superuser) for Calpines trading and risk management systems (e.g., Allegro), supporting accurate deal capture, valuation, and reporting./li/ulh3Job Requirements/h3ulliBachelors degree is required; preferably in Finance, Economics, Business, Risk Management, or a related quantitative field./liliAbility to learn and become proficient with Microsoft Dynamics CRM/liliMinimum of 2 years experience; preferably in energy industry./liliHighly desirable to have some experience with commodity or financial transaction valuation and forward reporting/liliAbility to communicate effectively in both written and verbal communications/liliStrong attention to detail, analytical rigor, and problem solving skills/liliStrong desktop computer skills with the most important being Excel then Word and to a lesser extent PowerPoint and Visio/liliUnderstanding of mark to market concepts/liliSome experience with data analysis and reporting tools such as Power BI, VBA, SQL, Python, Power Automate, or similar is highly desirable/liliBasic knowledge of Gas Storage and Transportation/liliBasic knowledge of renewable energy/liliBasic understanding of commodity trading and economic modeling along with power and gas physical deal valuations/liliSome experience with Energy Trading and Risk Management Systems such as Allegro, Endur, etc./liliAbility to work both independently and in a team environment/li/ulpstrongSalary Range/strong/pp$75,220 - $88,400/ppstrongAdditional Calpine Information:/strong/pulliEqual Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities./liliCalpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to View email address on click.appcast.io . Determination on requests for reasonable accommodation are made on case-by-case basis. Please view Equal Employment Opportunity Posters provided by OFCCP here/li/ulpEqual Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor./p/div