PPM Risk Analyst

PPM Energy, Inc. (PPM) is a high-energy environment where your skills and talents can help continue driving the company's success.  PPM is also part of the ScottishPower group of companies, an international energy corporation listed on the New York and London stock exchanges. We sign long-term contracts and build long-term relationships with our partners and customers. Those customers keep saying, "bring us more." That's why we are always looking for talented team members. That's why we need you.  This position is in the Market Risk Management group, which is responsible for Risk Analytics (portfolio analysis, risk measurement, price curve management), Risk Control (end-of-day process, MtM and position analysis, trading limits management and compliance monitoring), as well as Risk Reporting (daily position report, management reporting, weekly and monthly risk summaries).  The responsibilities for this position are as follows:  Development and maintenance of risk books related to PPM’s energy asset businesses, including thermal and wind power generation, as well as gas and power trading activities.  Perform daily p&l and position reporting as well as analysis related to changes in book valuation and risk exposures, including the evaluation of risk book activity against established metrics.  Monitor mark-to-market valuation changes and position sizes to ensure compliance with approved business unit and corporate trading limits.  Decompose complex trading risks into component parts in order to map portfolios to standardized products and risk factors.  Identify risks not being processed by Risk Management System and develop appropriate procedures to ensure proper trade capture, valuation and reporting.  Review new trades on a daily basis and validate trade capture in Risk Management System.  Assist Risk Analytics team in computation of VaR, stress tests, and related metrics.    Work very closely with energy asset traders to ensure they understand how p&l and positions are being reported, as well as the risks embedded within their books.  Adheres to effective internal controls.

 Bachelor’s degree in finance, accounting, economics or mathematics or the equivalent combination of education and experience. 2-4 years experience in energy risk management 1-2 years experience developing and managing risk books related to gas and power trading Excellent interpersonal and communication skills Strong analytical and problem solving skills Capacity to take on multiple tasks and work under pressure Ability to work individually and within team settings Familiarity with the mathematics and related quantitative aspects of risk measurement Ability to gather, consolidate, analyze and report risk data accurately and efficientlyPreference may be given to candidates with the following:  Prior experience with Zai*Net, ACES and/or GMS systems