Risk Control Analyst - EP6204 - POWER SUPPLY ADMINISTRATION
City of Denton
Job Description
Title: Risk Control Analyst
Position ID: EP6204
Department/Division: Electric/Power Supply Administration
Reports to: Energy Services & Business Development Manager
FLSA Designation: Exempt
Safety Sensitive: No
DOT: No
Definition: Under supervision of the Energy Services & Business Development Manager, responsible for monitoring, validating, and confirming all electric energy management activities
to ensure compliance with DME's energy and risk management policies, procedures, and processes.
Essential Job Functions:
As an individual contributor, under supervision, monitors compliance with energy/risk management policies, procedures, processes, and performs regular audits
Reviews and validates historical price curves used for daily risk reporting and portfolio analysis
Under supervision, develops, modifies, and implements computer models used in calculating risk management performance indicators including but not limited to portfolio market-to-market,
Value at Risk, P&L, and option valuation
Under supervision, develops models for automation of risk control processes and functions using various advanced software applications
Applies new technologies to improve risk control processes and reporting systems. Provides support in the evaluation and selection of risk control and ERCOT settlement software.
Researches and advises on alternative technical solutions to risk control related issues
Uses statistical modeling to track, evaluate, and report third party credit standings
Works closely with Energy Market Operators to reconcile positions and align risk management strategies with short and mid-term market conditions
As an individual contributor, under supervision, assists with new risk calculations and evaluates risk model assumptions. Provides accounting support for wholesale power, fuel, and financial
transactions
As an individual contributor, under supervision, monitors contracts for risk management activity to ensure compliance for DME
As an individual contributor, under supervision, conducts research, provides technical expertise, and participates in the ERCOT market design and development process
Additional Duties:
Performs other duties as assigned
Minimum Qualifications / Acceptable Equivalency:
A Bachelor’s degree in Accounting, Economics, Finance, Mathematics, or in a field related to the position with 5 years of related work experience
OR
A Master’s Degree in a related field or a CPA may be substituted for two (2) years of related work experience
Competencies:
Must possess required knowledge, skills, abilities and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the
job can be performed
Knowledge of energy trading activities and associated risks
Knowledge of energy risk management tools
Knowledge of utility regulation and deregulation issues
Knowledge of Federal, State, Local laws, and ordinances governing fuel and energy markets
Knowledge of ERCOT market rules and regulations
Skill in oral and written communication
Knowledge of industry standard fuel and energy trading agreements
Skill in using computers and related software applications
Skill in data analysis and problem solving
Ability Skill in analyzing financial and statistical reports priorities
Ability to quickly recognize and analyze irregular events
Skill in the operation of the following equipment: Personal computer with Windows operating system, Microsoft Office (applications for word processing, spreadsheets, databases, and presentations),
and Microsoft Outlook email system
Conditions of Employment:
Must have a valid Class “C” Driver’s License prior to employment (must obtain Texas Class “C” driver’s license within 30 days of hire per state law)
Must pass a drug test, driver’s license check, criminal history background check, and social security number verification check
Preferences:
Ability to communicate effectively both verbally and in writing
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”:
Y = Yes
N = No
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: Y
Hearing: Y
Talking: Y
Video Display: Y
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 is required to work indoors in environmentally controlled areas.
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.
Effective Date: 10/1/2013
Revision Date: 8/12/2013