Senior Analyst, Quantitative Risk
Senior Analyst, Quantitative Risk
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1 Vacancy
Job Description
Are you ready to be part of a company thats not just talking about the future but actively shaping it Join The AES Corporation (NYSE: AES) a Fortune 500 company thats leading the charge in the global energy revolution. With operations spanning 14 countries AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work you can be confident that youre joining a company that values its people just as much as its groundbreaking ideas.
AES is proudly ranked #1 globally in renewable energy sales to corporations and with $12.7B in revenues in 2023 we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future AES is committed to meeting the Paris Agreements goals by 2050. Our innovative solutions such as 24/7 carbon-free energy for data centers are setting the pace for rapid global decarbonization.
If youre ready to be part of a company thats not just adapting to change but driving it AES is the place for you. Were not just building a cleaner more sustainable future - were powering it. Apply now and energize your career with a true leader in the global energy transformation.
What You Can Expect
As a Senior Quantitative Analyst you will report to the Head of Risk. You will leverage AES Clean Energys large-scale renewable and battery storage portfolio to conduct quantitative risk analysis. You will play a pivotal role in assessing the risks related to renewable projects power purchase agreements (PPAs) derivative transactions and congestion products by developing and maintaining statistical models. You will also analyze less liquid products like renewable energy credits (RECs) and capacity and resource adequacy (RA) deals.
Together with your colleagues you will be responsible for creating and owning quantitative models and supporting the infrastructure to drive both short and long-term decision making. Were looking for someone to help take our quantitative modeling and analysis to the next level as we aim to increase the size of our portfolio. Were a collaborative and fast-moving organization. As a team we create systems models and analysis to drive commercial decision making and processes.
Main Responsibilities:
- Works to support the execution of the companys strategy by providing analytical support of the risk around structured transactions
- Performs historical analysis of electricity market prices to value basis risk in projects
- Forecasts hourly prices based historical information and fundamental bases
- Develops risk models to value the combined uncertainty of wind and solar generation and hourly electricity prices
- Develops and implements storage bidding models and strategy
- Development of pricing models and analytical techniques for valuation of renewable transactions
- Develop and manage tools systems and reports to support decision making
Qualifications
- 35 years experience in competitive energy markets preferably with renewables.
- Bachelors or higher in engineering computer science math physics economics finance or related field.
- Knowledge of derivatives valuation structured product pricing and US power/commodity markets.
- Understanding of renewable generation tech especially solar and battery storage.
- Strong grasp of cash flow futures forwards options and risk management principles (VaR stress testing backtesting).
- Experience with financial modeling ETRM systems (Allegro preferred) and programming (Python C R SQL).
- Analytical resourceful and commercially agile with attention to detail.
- Strong communication skills and ability to work under tight deadlines.
- Entrepreneurial self-motivated and adaptable mindset.
Required Experience:
Senior IC
Employment Type
Full-Time
