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Cleco Quantitative Risk Analyst I in Pineville, Louisiana

Depending on the volume of applications, this position may close to external applicants before the job posting end date expires.

Role Purpose

The Quantitative Risk Analyst II is an experienced professional with knowledge of and some experience with Risk Analytics principles, practices, concepts, and theories. The incumbent will develop and deliver the middle office risk management function analytical capabilities and on-going risk analysis to support portfolio risk management, transaction pricing and valuation, capital adequacy and credit risk analysis. The incumbent will serve as a key member of the corporate risk management function, and participates in improving processes and procedures, developing and documenting adequate controls for models and systems, and preparing desk and executive level reports and presentations.

Key Responsibilities

  • Apply leading quantitative and data analysis methods using third party software and custom built models to assess, analyze and monitor market, credit, operational, business and capital requirements’ adequacy risk for a physical and contractual energy portfolio that includes generating assets, fuel supply contracts, hedging transactions and long-term power sales agreements

  • Collaborate with risk management team to adequately evaluate risks and optionalities embedded in the regulated and unregulated business portfolios

  • Define and develop portfolio risk models to measure value at risk, gross margin at risk, cash flow at risk and potential capital requirements, inclusive of scenario analysis, stress tests, back tests, and performance analysis, to appropriately measure portfolio and drivers of value and risk

  • Perform structured transaction valuation and hedging scenario analyses to support regulated and unregulated portfolio transaction and strategic initiatives

  • Develop models, incorporating stochastic processes and Monte Carlo simulations to assess, analyze, monitor and identify opportunities to mitigate market price and volumetric risk exposure.

  • Prepare and deliver risk analysis and executive and desk level reports and presentations to support Company and Risk Management objectives

  • Develop relationships to be an effective business partner with assigned business functions or subject matter professionals to support Risk Analytics business objectives

  • Actively engage in process improvement initiatives to enhance Risk Analytics service delivery and processes; identify areas for automation to reduce routine manual tasks

  • Stay up to date with all department software with a continued focus on utilizing tools to improve accuracy and efficiency of Risk Analytics; participate in the integration of current systems (e.g., SAP) and analytical techniques to enhance/streamline current operations

  • Champion a corporate culture that emphasizes transparency, integrity, safety, environmental responsibility, employee development, diversity and inclusion, customer service, and operational excellence

Qualifications

Required Education, Experience, & Skills

  • Bachelor’s degree in Finance or Accounting, Advanced degree in an analytic discipline preferred

  • 3+ years of related experience

  • Experience with business intelligence software such as Spotfire, Tableau, MS Power BI; and Monte Carlo simulation software such as Palisades @Risk or Crystal Ball

  • Experience with commonly used ETRM software and data aggregation services such as PCI, Allegro, Marketview, Morningstar, Lacima, Aurora, Plexos required

  • Deep knowledge of data analysis using Python, R, & SQL

  • Knowledge of options pricing theory including Greek returns for risk analysis and decision making

  • MISO or similar electricity market structure experience preferred

  • Strong analytical, problem-solving, planning, and project management skills

  • Willingness and ability to learn new technologies on the job

  • Ability to exercise judgment with little direction/guidance but also knows when to escalate to the Manager, Risk Analytics & Controls

  • Proficient at functioning effectively within a team environment, present ideas and opinions in a respective and collegial manner

Licenses and Certification

  • CFA, GARP ERP, PRIMIA PRM preferred

Primary Competencies

BEHAVIORAL

  • Balances Stakeholders

  • Drives Vision & Purpose

  • Business Insight

  • Courage

  • Demonstrates Self-Awareness

  • Safety

  • Ensures Accountability

  • Instills Trust

  • Nimble Learning

  • Plans and Aligns

  • Strategic Mindset

  • Communicates Effectively

TECHNICAL (Core for Function)

  • Financial Reporting & Data Analysis

  • Industry and Business Knowledge

  • Risk Management

  • Project & Change Management

  • Business Partnering

  • Planning, Forecasting, and Budgeting

  • Financial Modeling

Cleco Corporate Holdings LLC is a regional energy holding company that conducts its business operations through two subsidiaries, Cleco Power and Cleco Cajun. Headquartered in Pineville, Louisiana, and in business since 1935, the company has almost 1,500 employees.

Cleco Power

Cleco Power is a regulated electric public utility that owns 10 generating units with a rated capacity of 3,360 megawatts, 1,335 miles of transmission lines and 12,152 miles of distribution lines. Cleco Power uses multiple generating sources and multiple fuels to serve approximately 290,000 customers in 24 of Louisiana's parishes through its retail business and supplies wholesale power in Louisiana and Mississippi. Parishes served include Acadia, Allen, Avoyelles, Beauregard, Calcasieu, Catahoula, DeSoto, Evangeline, Grant, Iberia, Jefferson Davis, LaSalle, Natchitoches, Rapides, Red River, Sabine, St. Landry, St. Martin, St. Mary, St. Tammany, Tangipahoa, Vermilion, Vernon and Washington.

Cleco Cajun

Cleco Cajun is an unregulated utility company that owns 14 generating units with a rated capacity of 3,379 MWs and wholesale contracts serving nine Louisiana cooperatives, three wholesale municipal customers and one electric utility.

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