Risk Analyst or Senior

**If you are a current Idaho Power employee please apply through the Employee Portal.

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Job Description:

Idaho Power located in vibrant Boise Idaho is looking for a Risk Analyst or Senior to join our Treasury Services team. Its an exciting time to work for Idaho Power. Our work plays a critical role in communities we serve across Idaho and Oregon and were working hard to provide our customers with the safe reliable affordable energy they depend on. While this position is based at Idaho Powers downtown Boise location we offer both flexible schedules and the opportunity to work up to 40% remote. Relocation assistance may also be provided to the successful candidate.

What does a Risk Analyst or Senior do for us

They identify evaluate monitor and analyze Idaho Powers market and credit risk. They ensure alignment with the Energy Risk Management Policies and Standards and Credit Risk Management Standards. They work cross-functionally to gain alignment understanding and develop metrics for compliance with credit and risk programs. Manages risks pertaining to power and gas transactions vendor and supply chain transactions asset acquisitions energy market transactions such as interconnection and transmission arrangements and derivatives and commodity risk management instruments. Oversees the daily valuation and long-term position reporting of the risk portfolio (market and credit). Ensures identification and capture of risk trades and structured deals are accurate in the system of record. Monitors risk exposures to ensure they are within risk policy guidelines. Performs counterparty credit monitoring for various business units develops various metrics for analyzing counterparty risk recommends appropriate credit risk mitigation for the enterprise including collateral and third-party assurance requirements and ensures the adequacy of the terms and conditions of the assurance. Negotiate and draft complex commercial agreements including energy-market contracts (e.g. NAESB ISDA REC agreements) or comparable financial commodity or structured contracts.

A Senior Risk Analyst also leads and assists other risk analysts in the operational activities of the risk team. They develop and report on Risk Management metrics associated with compliance within functional responsibility. They prepare daily and monthly credit or risk reports SOX reporting requirements 10 Q/10 K risk reports and/or counterparty reconciliations. They are a subject matter expert on risk and key regulatory guidelines that impact assigned responsibilities. Primary point of contact for risk questions during managers absence.

In addition to the meaningful work we do we offer work-life balance competitive pay and benefits an employee incentive plan and both a 401k employer-match and a pension plan making Idaho Power one of the best employers in the state.

A COMPETITIVE CANDIDATE WILL HAVE

Knowledge of:

• Finance derivatives and accounting
• Utility finance/credit NAESB ISDA WSPP netting agreements long-form confirmations corporate guarantees letters of credit and other related agreements with counterparties
• Market risk control practices and the energy marketing function
• Familiar with detailed reconciliations and proper business procedures
• Working knowledge of utility industry and specific financial regulations
• Commonly used business software applications

Skills in:

• Excellent organizational planning verbal and written communications
• Strong attention to detail
• Expert-level complex risk scenarios analysis and works effectively with internal and external partners
• Strong negotiation skills and ability to draft contracts and agreements
• Analyzing documents and data for conformance to established policies and procedures
• Working effectively in a professional team environment
• Conducting research and provide thoughtful thorough analysis
• Working independently with minimal supervision and intervention
• Maintain objectivity and confidentiality
• Experience with VBA database and Power BI

Ability to:

• Perform quantitative and qualitative financial analysis
• Analyze financial health of counterparties
• Meet deadlines and prioritize work
• Defend decision-making criteria with other departments or counterparties
• Balance commercial responsiveness with prudent credit and/or risk expectations
• Work in a time sensitive environment with the ability to adapt to changing needs
• Meet highest attendance requirements
• Use personal computer calculator etc.

MINIMUM REQUIREMENTS

Risk Analyst

Education:

• Bachelors degree in an analytical field (finance accounting economics or a related field)

Preferred:

• MBA degree

Experience:

• 3 or more years of directly related professional experience in credit risk management

Senior Risk Analyst

Education:

• Bachelors degree in an analytical field (finance accounting economics or a related field)

Preferred:

• MBA degree

Experience:

• 6 or more years of directly related professional experience in banking-related credit and/or risk management or commodity risk management in a trading or marketing environment including in-depth analysis of financial statements
• Preferred:
  • 7 years or more of relevant work experience in electric/gas utility energy marketing and/or energy trading industries

PHYSICAL REQUIREMENTS
This position requires working at a desk/computer for extended periods of time. It requires the use of office equipment fine motor skills including typing on the computer dialing phones filing paper and working in close proximity to other people. There may be occasional lifts of no more than 10 lbs. The above is a summary of the primary essential functions of the position. This job may require the performance of additional tasks assigned by company leaders or management. Questions regarding job requirements or accommodation requests should be directed to Human Resources.

ADDITIONAL REQUIREMENTS
Works independently with minimal supervision and intervention. Demonstrated ability to work confidently with senior leaders or Traders to resolve issues. Demonstrated ability to influence others to meet desired outcomes and deadlines.

ADDITIONAL INFORMATION
Works independently with limited supervision/ oversight.

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Competencies:

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Idaho Power is an Equal Opportunity Employer

Were proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion national origin sex (including pregnancy) age sexual orientation gender identity genetic information veteran status physical or mental disability marital status and any other status protected by applicable federal and state laws.

Please note: Idaho Power will not provide sponsorship for obtaining an employment visa such as an H-1B visa.