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.
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.
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
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
Drives Vision & Purpose
Plans and Aligns
TECHNICAL (Core for Function)
Financial Reporting & Data Analysis
Industry and Business Knowledge
Project & Change Management
Planning, Forecasting, and Budgeting
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 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 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.