Market Risk Associate

Hey there! At EDP Renewables, we're all about saving the planet and having a blast doing it! We're like superheroes, but instead of capes, we're wearing sustainable energy hats. Our mission? To create a more inclusive, shared, and greener world! We're talking wind power, solar power, and hydro power - all the powers combined to make the world a better place. By 2030, we're aiming to be as green as a field of clovers, and we're not stopping there! We're committed to Changing Tomorrow Now by promoting gender equality, welcoming people of all abilities, bringing different generations together, and celebrating diversity in our workplace. So come on, join us on this epic journey to save the planet!

Role Overview:

The Market Risk Associate will be part of the Risk and Performance Control Department of the #4 renewable producer in the world, and will provide support to the Global Energy Management platform by supervising market risk in power generation and the corresponding trading activities, evaluating impact in exposures of evolving scenarios, and contributing to an combined view of market risk by integrating different geographies in the relevant risk metrics.

What You Will Be Doing:

• Making part of the Global Energy Management platform within the EDP Group, focusing in EDPR NA (US, CA, MX), preparation of Committees held every month and presentation in front of the Management Team of the Company, covering the following items:
  • Monitor and control of price, volume and shape risk in open exposures arising from generation and financial hedges (electricity and environmental attributes)
  • Calculate and monitor risk metrics that supervise the activity of the Global Energy Management platform (Structural Generation, Proprietary Trading and Asset Backed Trading).
  • Monitor Basis risk, by the definition of hedging strategy through financial swaps and FTRs at EDPR Global level.
  • Mitigation of volumetric risks through contracting weather derivatives and fronting re-insurers.
  • Liquidity risk assessment.
  • Definition, implementation, and backward testing of risk policies.
  • On-demand strategic analysis.
• Risk support to EDPR Origination Department:
  • Structuring of PPAs: Physical/Financial, shape, optionality, tenor, delivery through transmission, etc
• Risk support to EDPR Market Operations Department:
  • Risk models for hedging commodities and congestion
  • Risk models for scheduling
  • Automated scorecards
• Risk support to Investment/M&A Department:
  • Risk analysis in new investment (commodities: Brown power, REC prices, transmission prices; Financial risk: FX; Credit risk: PPA offtaker)
  • Stochastic analysis of profitability
• Automation of Market Risk monitoring in the GEM Platform (SQL, Datalake, PowerBI)

Direct reports:  None
Travel:  Sporadically
Minimum Requirements:

• Bachelor’s degree in Business Administration, Economics, Engineering (MBA and CFA a plus). Excellent Academic Record required.
• Ability to read, write and speak in fluent English (Spanish or Portuguese a plus)
• Professional Experience: 3+ years
• Excel, PPT, PowerBI; Statistics; Corporate Finance and Accounting; SQL a plus
• Understanding of Microsoft products and/or complementing products preferred.
• Competency in Analytical Problem Solving, Strong Communication, Customer/Partner Relationships, and Technology Expertise preferred

 Behavioral Requirements:

• Good analytical and quantitative skills
• Interest in data management

• Sitting/Standing/Flexibility: Ability to frequently perform physical tasks including standing, sitting, walking, kneeling, bending, twisting, squatting, and reaching while on project sites; ability to stand and sit for 8 or more hours when in an office environment
• Speech/Reading:  Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule form
• Lifting: Ability to lift items weighing up to 20 pounds
• Vision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form
• Safety: Ability to understand and communicate safety precautions when necessary