Manager, Credit & Energy Risk
Manager, Credit & Energy Risk
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$ 118000 - 160000
1 Vacancy
Job Description
What The Role Is
The Manager of Credit and Energy Risk will reside within the middle-office function and play a key role in the risk management of energy marketing and trading activities across Clearways portfolio of renewable and conventional generation assets. This position is responsible for counterparty credit risk management and compliance with risk policies and covenants in commercial agreements. The Manager will ensure that Clearway maintains a risk-oriented mentality as the platform expands into new technology and dynamic market structures by understanding current and emerging risks across all North American wholesale energy markets. This is a highly visible role for a detail-oriented individual to excel within a growing risk management group.
The position will report to the Senior Director of Credit and Energy Risk. This is a hybrid position located in one of our office locations in San Francisco CA Scottsdale AZ San Diego CA and Houston TX.
If you dont meet 100% of the qualifications but see yourself contributing please submit your resume
What Youll Be Doing
- Assess initial and ongoing creditworthiness of counterparties establish credit lines with counterparties ensure that appropriate bilateral collateral and credit support arrangements are in place with such counterparties and ISOs and oversee daily margin calls.
- Collaborate with other groups in conveying the appropriate tone at the top of prudent risk management of Clearways operating generation assets including advancing training initiatives and establishing a greater fluency in risk concepts among Clearways professionals that facilitates a strong risk management culture within the enterprise.
- Assist the Front Office functions (energy management origination) with pre-transaction compliance negotiation administration and maintenance of commodity enabling agreements with counterparties brokers futures commission merchants commodity exchanges and third-party service providers.
- Work collaboratively with front-office and back-office staff to achieve productive outcomes for the enterprise able to identify risk in proposed transactions and undertake prudent/reasonable risk mitigations for a proposed course of action. To be viewed by peers as a problem solver as opposed to a roadblock.
- Create dashboards that present positions and exposures for Clearway: a) credit exposures including mark-to-market of energy hedges; b) Value at Risk; c) scenario/sensitivity analysis; d) outcomes of stress testing.
- Oversee the creation and ongoing management of Project Limits for specified projects that will serve to establish the parameters and limits for products that can be executed by the Front Office.
- Report credit exposures positions risk assessments operational risk issues and performance in a timely and accurate fashion for presentations going to senior management and other members of the Energy Risk Committee.
- Prepare risk issues that require approval of the Energy Risk Committee at committee meetings maintain current and prior versions of the Policy and facilitate the annual Policy review process.
- Serve as an active participant in Clearways ETRM vendor review selection implementation and integration initiative.
- Ensure that counterparty and contract information is recorded accurately in Clearways system of record in a timely manner.
- Coordinate with the Senior Director on reporting incidents of non-compliance including limit violations and policy violations.
What Youll Bring
- Bachelors Degree in economics finance business mathematics or a related discipline.
- 5 years of credit risk experience in an energy trading or commodity environment.
- Solid credit analytical skills with experience negotiating energy-related agreements (ISDAs EEIs PPAs) and underlying collateral including parental guarantees and letters of credit.
- Thorough understanding of exposure calculations (MTM PFE) trading instruments and hedging.
- Strong communication skills; able to relay complex issues in a digestible executive-level format.
What Would Be Nice
- Direct renewable energy experience.
- CPA/CFA designation (or progress towards).
- Advanced Excel skills PowerBI reporting and Bloomberg.
Clearway will not sponsor non-immigrant visas for this position (H-1B TN E-3 etc.).
#LIHybrid
The pay rate for the successful candidate will depend on geographic location skills relevant and demonstrated experience education training and certifications and other factors permitted by law. This role is eligible to earn an annual cash bonus subject to personal and company performance goals.
Salary Range Across all U.S. Locations
$118000 - $160000 USD
Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Our Commitment to Diversity Equity & Inclusion
Clearway Energy Groups vision is a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .
Working at Clearway Hybrid Together
Here at Clearway were committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco San Diego Scottsdale Houston Denver & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn build community get to know one another & enjoy company-provided meals & events.
Clearway Energy is an equal opportunity employer that values a broad diversity of talent knowledge experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities women individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities for our Military & Veterans.
What We Provide
Clearway offers all eligible employees working 20 hours per week a comprehensive menu of benefits: generous PTO medical dental & vision care HSAs with company contributions health FSAs dependent daycare FSAs commuter benefits relocation & a 401(k) plan with employer match a variety of life & accident insurances fertility programs adoption assistance generous parental leave tuition reimbursement & benefits for employees in same-sex marriages civil unions & domestic partnerships. For more on Clearway benefits visit our Benefits Website.
Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process please send an e-mail toand let us know the nature of your request and your contact information.
Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies withequalemploymentlawsordinances and regulations for all applicants and employees.
Required Experience:
Manager
Employment Type
Full Time
