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Scope of the Role

The Risk Analyst (RA) is responsible for performing risk and financial analysis within an Enterprise Risk Management program to understand and minimize the negative effects of risks on company business objectives. The RA will also assist in integrating the Enterprise Risk Management program with various other programs across the organization. In support of market hedging activities, the RA is responsible for performing analysis to report and measure portfolio risk. In support of the Accounting & Finance Department, the RA will assist in budget and long-term financial forecasting. Additionally, the Risk Analyst is responsible for contributing to decision-making processes by providing decision model support.  

 

Essential Job Functions

  • Develop and maintain tools to perform energy market analysis to help ensure adherence to GSEC’s Energy Risk Management policies and risk appetite of its Board of Directors. 
  • Work cross-functionally to provide accurate data to third-party monthly to ensure alignment of inputs for the Portfolio Model Report. 
  • Analyze independent stress-test evaluations/scenario analysis of the portfolio that align with current risk-appetite and asses if limits are “right-sized” for growth.
  • Regularly assist with the evaluation of known key deal inputs and identify/document shortcomings with internal evaluations.
  • Analyze performance or hedge effectiveness/back-tests of trading strategies, identify multiple factors driving position and profit and loss changes and provide insight to stakeholders and consumers of risk data for context.
  • Conduct market analysis to identify and assess risk in market liquidity and volatility, pricing, trading, and hedging strategies. 
  • Develop and maintain the analytical tools and software used for risk assessment and reporting activities.  
  • Identify, understand, and communicate interdependencies between key risks and help identify mitigation strategies. 
  • Develop and maintain system(s) to track and monitor key risks. 
  • Provide support to the Manager of Enterprise Risk Services in reporting risks to the Internal Risk Management & Compliance Committee (IRMC) and Board. 
  • Integrate the ERM program with various other programs and processes, including risk assurance, energy trading, strategic planning, and capital budgeting.  
  • Perform problem formulation, analysis, business research, and assessment. 
  • Assist in the development of the long-term financial model and annual budgets.  
  • Develop and evaluate models of strategic business decisions. 
  • Develop and communicate outputs that are critical to decision-making, e.g., tornado, waterfall, and whisker charts. 
  • Partner with various departments to perform Decision Quality gap analyses on significant decisions as requested. 

 

Complexity of Problems

  • Under moderate supervision, the RA will work with highly confidential materials and information that require considerable judgement, attention to detail, and accuracy.
  • Must collaborate with sensitivity and emotional intelligence when working with internal and external stakeholders, especially when navigating conflict resolution.
  • The Risk Analyst is challenged with furthering development of financial modeling and analytics within the risk group. 
  • Must manage multiple projects/deadlines simultaneously, work effectively under pressure, execute within strict deadlines, and possess strong organizational skills. 

 

Internal and External Contacts

Internal Contacts: Employees at all levels within the organization.

External Contact: Members, vendors, consultants, national and state associations, regulators, auditors.

 

Education, Knowledge, and Experience Required

  • Bachelor’s degree in business, finance, economics, mathematics, or related field required. 
  • Minimum 2 years' experience in a trading environment and/or analyzing commodity markets or comparable experience required.
  • Experience with energy or US natural gas and oil markets preferred.
  • Understanding of energy hedging and portfolio management concepts and instruments, including Mark-to-Market and Value-at-Risk. 
  • Knowledge and experience in building financial models and conducting probabilistic analyses. 
  • Knowledge and experience in risk control concepts, process improvement, program measurement and reporting. 
  • General knowledge of industry regulatory rules and regulations (FERC, NERC, CFTC, RTO/ISO); state regulatory requirements, and administrative procedures of the associated regulatory bodies. 
  • Strong interpersonal, organizational, collaboration and research skills. 
  • Excellent verbal and written communication skills. 
  • Must maintain confidentiality with the use of sound judgement related to sensitive matters. 
  • Maintain composure, use sound judgment, and meet deadlines while working in a dynamic environment with frequently changing circumstances.

 

Work location and conditions – Office, Amarillo, TX

 

Competencies

  • Collaboration – Core Competency
  • Deliver Results – Core Competency
  • Ethics and Integrity – Core Competency
  • Analysis/Reasoning
  • Development & Continual Learning
  • Initiative

 

FLSA Status

Exempt, Overtime may be required.