Senior Associate, Risk and Structuring Analytics

Clearway Energy seeks a Senior Associate of Risk and Structuring Analytics to develop top-notch quantitative models that drive BESS valuation structured products pricing gas generation optimization and power market analysis while also quantifying and monitoring the risk exposures those positions this role you will build and enhance Clearways internal quantitative modeling platform (CWENQuant) develop advanced BESS dispatch optimization and price forecasting models and provide independent risk analytics mark-to-market value-at-risk credit and scenario/stress analysis that directly inform commercial decisions across trading origination development and asset management.

• Develop and deploy to production complex optimization models and quantitative analysis for BESS dispatch optimization renewables gas generation and data center infrastructure projects across the US.
• Develop Stochastic or Machine Learning / Deep Learning models to forecast DA Ancillary and RT prices based on fundamental variables such as load gas prices and wind solar generation to inform trading.
• Develop and maintain gas dispatch HRCO toll and other structured pricing models; perform mark-to-market analysis; support due diligence underwriting and credit analytics.
• Refine vendor models or develop in-house models for capacity expansion with a view on market policy (RPS/GHG reduction) LCOEs retirements transmission reliability and demand growth.
• Benchmark models against actual operations and market outcomes to improve forecast accuracy and optimization.
• Build and enhance CWENQuant; develop data pipelines with internal and external resources; create automated workflows and market data dashboards using data science and optimization techniques.
• Design and maintain mark-to-market (MtM) Value-at-Risk (VaR) and Profit-at-Risk (PaR) frameworks across BESS gas and structured product positions independent of the deal/trading desks that originate them.
• Run scenario sensitivity and stress-testing analyses (price shocks volatility regimes basis blowouts extreme weather/renewable generation outcomes) to quantify tail risk in the portfolio.
• Quantify hedge effectiveness and basis risk for structured transactions PPAs and tolling/HRCO arrangements; recommend hedge adjustments.

• Bachelors degree in Engineering Finance Mathematics Statistics Economics or a related field.
• 3 years of quantitative or modeling experience within the energy sector including trading firms banks utilities IPPs ISOs or BESS companies.
• Working experience developing ML/DL models using scikit-learn Keras or TensorFlow.
• Experience with linear/Mixed Integer programming and associated tools like PuLP Gurobi CPLEX etc.
• Strong quantitative background with deep hands-on experience coding in Python.
• Knowledge of BESS (strongly preferred) renewable and conventional (gas) assets HRCO and toll modeling.
• Strong understanding of power market economics wholesale market structure and asset operations in ISO (CAISO ERCOT etc.) markets.
• Proven ability to build top-notch optimization models and stochastic or ML/DL forecasting frameworks such as price load or renewable generation forecasting.
• Understanding of option pricing volatility game theory opportunity cost and optimization.
• Ability to formulate and articulate viewpoints (written and verbal) in a clear persuasive and succinct manner.
• Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately.
• Ability to work well in a fast-paced team-oriented collaborative environment that emphasizes attention to detail meeting deadlines and working together to achieve company-wide objectives.
• Strong interpersonal analytical and problem-solving skills.

• Programming skills required: Python is a must; R SQL etc. are a plus.
• Working experience with stochastic models mean reversion and jump diffusion preferred.
• Exposure to ETRM systems MtM and VaR model validation/governance practices is a plus.
• Masters or PhD is preferred.

No visa sponsorship or any kind of sponsorship for employment authorization is available for this role now or in the future.

#LI-Hybrid

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
Here at Clearway were committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco San Diego Scottsdale Houston Denver & Princeton. Our office-based employees work together from our offices on Tuesday Wednesday & Thursday to collaborate & learn build community get to know one another & enjoy company-provided meals & events. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.

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 to and let us know the nature of your request and your contact information.

All official communication regarding this position will come only from an email address ending with @. If you receive outreach from any other email address claiming to represent Clearway Energy please do not respond as it is fraudulent.

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.