Manager, Trade Risk & Analytics

*Flexible Work Arrangement: Hybrid*

The Manager, Trade Risk and Analytics is responsible for designing and implementing appropriate analysis, tools and reports that promote a deeper understanding of PJM market participant types, trading behavior, market positions, and exposures to enable PJM to monitor market activity and gain insightful knowledge of Member risk creation and management within its markets consistent with PJM governing documents and manuals. The Manager will provide leadership to a team of risk analysts in developing models, performing analysis and research, enhancing know-your-customer activities intended to understand idiosyncratic PJM member market participation, creating analytical tools and reports that provide risk insight. The Manager will work collaboratively within the risk management division and provide commercial risk management expertise towards building a proactive and forward looking risk management practice that anticipates and actively manages PJM membership’s exposure. 

Essential Functions:

• Manage a team of risk management professionals

• Lead the development of dashboard reporting tools to monitor market participant’s activities and assess portfolio health

• Oversee development of and reporting of scenario and stress analysis, and valuation metrics such as VaR & GMaR

• Supporting the Credit team in identification and estimation of exposure

• Provide risk advisory services related to risk controls and reporting to management

• Interact regularly with leadership and cross functional teams to understand strategic changes

• Liaise among internal departments, markets, ops, membership, settlements, Legal and Compliance to maintain transparency when communicating with market participants

• Creates market monitoring and surveillance reports that advance knowledge of the spectrum, variety and nuances of PJM Member market participation

• Creates reports to alert PJM’s internal risk team of potential concerns (i.e. unusual activity / behavior) and emerging risk

• Manage compliance and internal audit processes and procedures

• Employ commercial risk management techniques and knowledge of market instruments trading to identify and quantify risk

Characteristics & Qualifications:

Required:

• Bachelor's Degree in Engineering, Mathematics, Economics, Finance or equivalent work experience

• Strong attention to detail and follows up on open issues. Strong understanding of commercial energy market risk management models and analysis. Confident team player who works well with others. Ability to prioritize tasks and work within a company with often competing pressures. Ability to explain complex ideas in a cohesive and concise manner. 

• 8+ years of leadership experience in a commercial energy risk management role.

• 5+ years of managerial / supervisory experience

Preferred:

• MBA degree

• 10+ years of leadership experience in power industry risk management

• Familiar with energy risk management in various markets such as ISONE, NYISO, ERCOT, CAISO, and MISO and energy exchanges