Risk Control Analyst I

ENGIE is committed to reshaping the energy future through the global implementation of a lower carbon energy economy in order to preserve the world’s natural resources. We are looking for talented and driven people who are committed to making the vision a reality.

Under the supervision of the ENGIE Energy Marketing N.A. (EEMNA) Risk Control Manager, prepare and communicate the EEMNA’s commodity position, P&L, and all the risk metrics. Help review/verify/explain all the official daily risk metrics such as P&L, V@R, drawdown, stress test, and Greek limits. Help coordinate the New Product Analysis (NPA) for the new product, market, or model. Participate in the Economic Value Added (EVA) valuation to the model cost of market and credit risk for structured transactions. Provide Credit Risk team quantitative support on counterparty credit risk management (CCRM) metrics, such as Potential Future Exposure (PFE), Credit V@R (CV@R) Credit Value Adjustment (CVA) and Debt Value Adjustment (DVA), probability of default (PD), and loss given default (LGD) and recovery rate.

This position is located in Houston, TX and reports to the Risk Control Manager.

What you’ll do:

• Support the internal and external audits related to the risk metrics and contract valuations.
• Support Credit Risk team quantitatively by providing Cash@Risk analysis, Potential Future Exposure (PFE) on the current portfolio by counterparty and netting set or on new potential transactions and other counterparty credit risk metrics (Loss given default, probability of default, Recovery rate, CV@R, CVA, DVA, BVA).
• Help maintain and improve the EEMNA Price Control framework by automating price upload, mapping, and creating vanilla and exotic forward curve when needed.
• Work closely with traders on hedging/trading strategies, risk monitoring, and risk reporting. Review, support, and verify EEMNA pricing tools used by the Front office: FIS options pricing models, FIS/FEA storage valuation models, MathWorks MATLAB, internal/external price/production shaping models, renewable pricing model, Oracle Crystal Ball, etc.
• Explain daily P&L by desk, book, or transaction.
• Participate in the Economic Value Added (EVA) analysis on certain proposed transactions that exceed the EEMNA Delegation of Authority (DoA) by computing cost of market and credit (CVA/DVA).
• Help to define and implement the Annual Risk Mandate.
• Monitor Delta/Vega position against the limit daily.
• Provide risk management services to ENGIE North America (ENA) specified in SLA’s and other service agreements (position and P&L report, PFE, etc.).
• Monitor and report on the risk decreasing and risk increasing activities mandated by the European Market Infrastructure Regulation (EMIR).
• Monitor daily: V@R, Stress test, Drawdown, etc.
• Participate in the New Product Agreement (NPA) process to assess all the potential Front to back requirements with any new commodity, product, market, instrument, structured deal, or model.

What you bring:

• Be detail-oriented
• CFA, CAIA, FRM, or CQF certification highly preferred
• Have excellent communication skills, both verbal and written
• Act as a vital team member and work with all ENGIE Energy Marketing North America (EEMNA) staff and across department employees.
• Comply with all ENGIE Energy Marketing North America (EEMNA) policies and procedures
• Master or Bachelor of Science in Econometric applied to finance, Business, Statistics preferred
• 0 - 2 years’ work experience in the commodity energy industry and/or in the investment banking industry

A strong understanding of:

• Handling/querying large datasets or databases using SQL, VBA, POWER BI.
• V@R methodology such as Monte-Carlo, parametric, and historical.
• Statistics and probability theory applied to finance.
• Option pricing theory (Black & Scholes, binomial tree, Greeks, and Brownian motion).
• Energy Commodity Trading environment and Financial Market/Theory.
• Volatility forecasting using EWMA and GARCH (1,1) model.

Additional Information/Conditions:

• Ability to use a company computer, calculator,
• Could involve some lifting
• Ability to meet highest attendance requirements
• Reasonable accommodations may be made to enable individuals with the needed assistance to perform the essential functions
• Ability to handle multiple assignments on a timely basis with a high degree of accuracy
• Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job
• Eligible for a hybrid schedule consisting of in-office and work-from-home opportunities
• Must be willing and able to comply with all ENGIE ethics and safety policies
• Must be willing and able to comply with ENGIE’s policy with respect to COVID vaccination and testing
• Ability to communicate effectively, both written and verbally
• M ust be eligible to work for any U.S. employer without the need for sponsorship now or in the future

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

Unite with us in leading the transformation of the world of energy! ENGIE is looking for talented and motivated individuals to create the future of energy and customer solutions. Join a rewarding and flexible work environment that encourages innovation and creativity to help customers meet their energy challenges today and in the future. Are you up for the challenge?

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment.  All employment decisions at ENGIE are based on business needs, job requirements, and individual qualifications.  ENGIE is committed to providing equal employment opportunities regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity, or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service or veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate.

• Salary Range: $39,270 - $100,620, annually
• Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors
• In addition to salary, this position is eligible for a competitive bonus / incentive plan
• More information can be found here: Discover our employee benefits
• At ENGIE we understand that benefits matter, we offer competitive benefit options including medical, dental and vision coverage, life insurance, employer paid short-term and long-term disability insurance, paid vacation, holidays, sick leave, parental leave, and a 401(k) Retirement Savings Plan option with a company match

ENGIE complies with all federal, state, and local minimum wage laws.

Your talent acquisition partner can share more specific information regarding the salary for the position based on the work location.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at [email protected] . This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.