Director Risk Analysis

Calpine Corporation is Americas largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27000 megawatts of generation capacity. Through wholesale power operations and its retail businesses Calpine serves customers in 22 states and Canada. Its clean efficient modern and flexible fleet uses advanced technologies to generate power in a lowcarbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984 Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition its renewable geothermal plants use steam generated deep below the earths surface to produce clean renewable electricity.

Job Summary: (includes but is not limited to the following other duties may be assigned):

Responsible for assessing and managing market risk exposure related to energy markets including electricity fuel and other commodities. Utilize and build analytical tools and reports to create and distribute market risk information to various users within Calpine including members of the front office senior management and accounting among others.

Responsibilities include:

• Communicates risk exposures to the CRO and other members of management
• Develop risk models and reports that accurately capture material risks specific to market/asset/region and trading strategy.
• Assist with ongoing monitoring of portfolio risk including providing commentary on new activity market events and liquidity.
• Collaborates with internal stakeholders to formulate Calpines risk management policies.
• Adherence to risk management policies with focus on maintaining effective controls for trading and business processes including review of valuation methodologies.
• Interact with traders originators accounting staff and management to understand and answer questions about portfolio positions changes and risk factors.
• Collaborate with IT organization to improve the underlying risk system infrastructure (models calculations data flows reports etc.).
• Preparation of materials for Risk Management Committee meetings
• Other duties as assigned

Education & Experience

• Bachelors Degree or equivalent
• Previous work leadership or senior level contributor experience including understanding of energy markets and identifying risks in energy transactions.
• Typically requires minimum of 10 years in area of specialization.

Job Scope and Span of Control

• Accomplishes work through others; defines functional objectives.
• Partners with peers within across the organization to achieved business objectives

Decision Making & Impact

• Decisions typically related to resources project approach and tactical operations.
• Results have significant impact on costs and the achievement of department objectives or projectbased goals.
• Identifies opportunities which make a significant difference to the performance of multiple department functions and possibly organizationwide impact.

Work Complexity & Independent

• Receives assignments in the form of objectives and determines tactical approach resources schedules and goals.
• Works within general guidelines; applies advanced technical knowledge to solve moderately complex problems for a function.
• Relies on extensive experience and judgment to plan and accomplish goals
• Ability to analyze large volumes of data and present results in a clear concise written and oral form
• Strong modelbuilding skills; experienced with analytical and data manipulation applications such as Excel SQL Visual Basic R and other programming languages preferred.

Additional Calpine Information

• Equal Opportunity Employer of Minorities Females Protected Veterans and Individuals with Disabilities.
• Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position please send an email with your request to . Determination on requests for reasonable accommodation are made on casebycase basis.

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