Summary

Responsible for ensuring consistent policies, controls, metrics, and systems are in place to ensure compliance with the DME's Risk Policy. The role works closely with front and back office personnel to ensure complete portfolio integrity and determines where and how best to operate these controls.

Essential Functions and Other Important Duties

Essential Functions:

• 
  Ensures market risk processes and controls are run accurately, reliably, and in a timely manner.
• Maintains observable valuation inputs e.g., exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.
• Understands physical spot price assessments and the construction of forward curves.
• Administration of the Energy Risk Management Committee and the Energy Risk Management Policy.
• Manages all middle office functions and personnel including operation and maintenance of the Energy Trading Risk Management system, credit monitoring, positions monitoring, monitoring and reporting compliance with all aspects of the Energy Risk Management Policy and daily P&L reporting.
• Ensures knowledge around market risk reference data and forward curve construction is well documented for the benefit of the Energy Management Organization and DME upper management.?
• Maps and documents processes, clarifies accountabilities, and simplifies interfaces to allow the smooth running of the risk department.
• Accelerates digitalization and automation to smooth the flow of information across the organization and to remove manual tasks.
• Understands risk at all parts during the life of a deal (end-to-end), interacts with the functional experts to help identify and suggest remediation to those risks.?
• Creates and maintains appropriate processes for identifying, calculating and reporting factors impacting portfolio value and position change.
• Properly sets and monitors control policies for the portfolio as well as authority limit and other exposures.
• Develops, maintains, or improves analytical tools in support of risk measurement and management policies.
• Works across key departments to keep policies and procedures current in changing market conditions.
• Enables the implementation and configuration of appropriate risk management systems and tools to meet the business need.
• Serves as Secretary and a non-voting member of the Energy Risk Management Committee. ?
• Maintains regular and punctual on-site attendance.
• Works closely with General Manager, Assistant General Manager, Operations Division Manager, and Energy Management Organization.

Additional Duties:

• Performs other duties as assigned.

Job Requirements

Minimum Qualifications / Acceptable Equivalency:

• 
  Bachelor's degree in Accounting, Economics, Finance, Mathematics, or in a field related to the position.
• Ten (10) years of related work experience with a thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques.

OR

• A Master's Degree in a related field or a CPA may be substituted for two (2) years of related work experience.

OR

• Any combination of related education, experience, certifications and licenses that will result in a candidate successfully performing the essential functions of the job.

Core Competencies:

• A strong understanding of ERCOT wholesale power market fundamentals, including but not limited to - LMP price determination, basis risk, load impacts and forward price curve dynamics.
• Ability to communicate effectively both verbally and in writing.
• Ability to form and maintain effective relationships with coworkers and customers.
• Ability to prioritize tasks and work efficiently to cope with many deadlines.
• Knowledge of commodities trading and tracking functions
• Knowledge or Energy Trading Risk Management (ETRM) systems
• Skilled in the use of computer applications for word processing, spreadsheets, databases, and presentations.
• Excellent organizational skills with the ability to apply them for activities tracking, documentation and project management.

Preferences:

• Bilingual in Spanish and English
• Experience with an electric utility Energy Management Organization
• Proficient in the operation of the following equipment: Personal computer with Windows operating system, Microsoft Office application suite, Microsoft Outlook email system and other DME computer applications used in the compliance and risk areas.

Conditions of Employment:

• Must have and maintain a valid Class "C" Driver's License and valid state required minimum automobile liability insurance prior to employment (must obtain Texas Class "C" driver's license and state required minimum automobile liability insurance within 90 days of hire per state law)
• Must pass a drug test, driver's license check, criminal history background check and social security number verification.
• Must be able to work overtime when requested.

Environmental Factors and Conditions/Physical Requirements

Physical Requirements:
Overall Strength Demands: The bold and italicized word describes the overall strength demand of the functions performed by the incumbent during a typical workday.

• Sedentary - lifting no more than 10 pounds
• Light - lifting no more than 20 pounds; carry up to 10 pounds
• Medium - lifting no more than 50 pounds, carry up to 25 pounds
• Heavy - lifting no more than 100 pounds, carry up to 50 pounds
• Very Heavy - lifting more than 100 pounds, carry more than 50 pounds

Physical Demand Codes: The following describes if the incumbent is expected to exert the following physical demands during a typical workday and the overall frequency

Codes for "how often":
E = extensive (100-70%)
M = moderate (60-30%)
I = infrequent (20-10%)
A = almost never (<10%)

Task: Code:

• Standing: M
• Sitting: M
• Walking: M
• Lifting: A
• Carrying: I
• Pushing/Pulling: A
• Overhead Work: A
• Fine Dexterity: M
• Kneeling: A
• Crouching: A
• Crawling: A
• Bending: I
• Twisting: I
• Climbing: A
• Balancing: A
• Vision: E
• Hearing: M
• Talking: M
• Video Display: E
• Other:

Machines, Tools, Equipment and Work Aids:
The essential functions of this position require the use of a telephone and computer.

Environmental Factors:
This position requires some physical work in the field, around, in and on transmission equipment. The incumbent is required to work indoors in environmentally controlled areas and occasionally may be required to work outdoors, possibly during inclement weather.

This job description is not an employment agreement, contract agreement, or contract. Management has exclusive right to alter this job description at any time without notice.