Analyst, Power Market Risk

Constellation Energy Generation, LLC. • $79K — $88K *
Baltimore, MD 21215In-Person
Energy & Utilities
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's Degree in a related field
  • 2+ years of experience in risk management, with 1+ year in energy or financial product risk management
  • Proficiency in PowerBI and Microsoft Office applications
  • Strong skills in statistics, financial modeling, and options theory
  • Ability to work effectively and independently in fast-paced environments
  • Excellent communication skills, both verbal and written
  • Strong analytical and problem-solving abilities

Responsibilities

  • Provide daily updates on market risks and portfolio positions
  • Develop quantitative frameworks and perform analyses for risk limits
  • Communicate potential issues to Market Risk Management
  • Enforce compliance with trading limits and risk policies
  • Automate risk metric processes for improved efficiency
  • Foster dialogue with portfolio managers to assess market risks
  • Prepare analyses for Risk Management Committee meetings

Benefits

  • Collaborative work environment
  • Opportunities for professional development
  • Support for continuous learning and improvement
  • Engagement with senior leadership
  • Dynamic and challenging work in a fast-paced industry
Full Job Description
Primary Purpose of Position

The successful candidate will be an integral part of the risk management function of Constellation. The company's wholesale power marketing and trading organization is responsible for optimizing the profitability of a growing portfolio of assets and load obligations as well as the implementation of risk management objectives. The Market Risk function is responsible for the oversight of market risk dynamics and their impacts on Constellation's total portfolio. As a key contributor to the regional Power Portfolio, this role supports the desk manager in monitoring market risks by identifying key risk drivers, analyzing exposures, and assessing PNL impacts from price movements, position changes, and market dynamics. It involves helping to develop and enforce risk limits, tracking portfolio sensitivities and option Greeks, and collaborating on strategies to mitigate downside risk while enhancing profitability. Acting as the primary liaison between the Market Risk Group and the trading desk, the individual becomes a subject matter expert on the portfolio, ensuring objective daily risk oversight. Responsibilities also include flagging and communicating risk concentrations, limit breaches, and significant exposures to both Commercial and Risk teams, while building deep expertise in the energy industry• covering regional market rules, physical operations, generation assets, customer agreements, and structured transactions.

Primary Duties and Accountabilities

  • Provide daily update of risks and positions for specified region(s) • including significant changes.
  • Use quantitative methods to develop new frameworks and perform ad-hoc analyses for risk limits and guidelines as required by business activity, market events, or changes in risk appetite
  • Raise potential issues to Market Risk Management
  • Enforces compliance with trading limits as well as market risk policies and procedures.
  • Calculates, streamlines, and automates risk metric processes to improve efficiency and maintain high quality standards.
  • Establishes and strengthens active dialogue with portfolio managers to understand and quantify emerging market risks and hedge strategies.
  • Prepare analysis for Risk Management Committee meetings and provides special or ad hoc analysis to support various management meetings.


Minimum Qualifications

  • Bachelor's Degree in a related field
  • 2-years of related experience including at least 1-year in energy or financial product risk management
  • Experience with PowerBI
  • Demonstrated proficiency in statistics, financial modeling, and options theory
  • Demonstrated ability to work effectively and independently in a fast-paced and rapidly changing environment
  • Demonstrated ability to challenge the status quo while engaging constructively when challenged
  • Excellent academic background
  • Experience in energy markets
  • Strong organizational, time management, and problem-solving skills
  • Strong organizational skills with high work standards; takes initiative, adapts quickly to change, and exercises excellent judgment to solve problems and implement effective solutions
  • Advanced proficiency with Microsoft Office applications (e.g. Microsoft Excel, PowerPoint, etc.)
  • Excellent interpersonal and communication skills, including verbal and written
  • Ability to effectively collaborate and present to other professionals and/or senior leadership in a concise and confident manner
  • Demonstrated experience working independently and managing assigned responsibilities with minimal supervision
  • Proven ability to work effectively both independently and collaboratively in team environments
  • Has acquired a high level understanding of the group's overall processes, with process improvement in mind. (Challenge the status quo)
  • Ability to work effectively under high stress situations in dynamic, fast paced environments
  • Knowledge of business practices and processes related to role
  • Exhibit strong problem-solving, analytical, and critical thinking skills


Preferred Qualifications
  • Master's degree in Finance, Economics, Business Administration or Engineering
  • Experience with VBA, PowerBI, Python, Matlab, or SQL
  • Proven understanding of price and volumetric risk and their application to hedging load and generation positions
  • Demonstrated understanding of energy related contracts

About Constellation Energy Generation, LLC.

Constellation Energy Generation, LLC Careers

Joining Constellation Energy Generation, LLC presents an unparalleled opportunity to become part of a team of professionals dedicated to leading the energy sector through innovation and sustainable practices. As one of the foremost companies in energy generation, Constellation Energy Generation, LLC offers a variety of career paths filled with advancement and growth opportunities.

Explore Job Opportunities

Constellation Energy Generation, LLC is continuously seeking talented individuals who are eager to drive change and excel in a dynamic industry. With a range of positions available, from engineering to business development, the company provides a platform for professionals at every stage of their career to flourish.

Internship Programs

Kickstart a career in energy with Constellation Energy Generation, LLC’s internship programs. These opportunities allow students to gain hands-on experience, develop essential skills, and work alongside seasoned professionals. Internships at Constellation Energy Generation, LLC are stepping stones to full-time positions and a great way to build a network within the energy sector.

Culture and Benefits

Constellation Energy Generation, LLC is committed to fostering a workplace where diversity and inclusion are integral to the company culture. Employees enjoy a comprehensive benefits package that supports both their professional and personal lives, promoting a healthy work-life balance. The company’s dedication to leadership and diversity training ensures that all team members have the resources they need to succeed.

Professional Growth and Development

The commitment to employee growth is evident in Constellation Energy Generation, LLC’s approach to professional development. Employees are encouraged to take leadership roles, participate in networking events, and engage in continuous learning through various training programs. This focus on professional enhancement allows individuals to constantly evolve their careers and lead the industry in new and exciting directions.

Hiring Process

The hiring process at Constellation Energy Generation, LLC is designed to identify individuals who are not only skilled but who also align with the company’s values of innovation and leadership. Candidates can expect a thorough interview process where they can showcase their skills and learn more about the company’s mission and values. Interested applicants are encouraged to submit a detailed resume and prepare for a journey towards a rewarding career.

Stay Connected

Stay informed about the latest job opportunities and company news by joining Constellation Energy Generation, LLC’s career network. Interested candidates can personalize their job alerts to match their skills and career interests, ensuring they don’t miss out on any exciting opportunities.

Join the Team

Search open positions that match your skills and interests at Constellation Energy Generation, LLC. The company is looking for passionate, curious, and innovative team players ready to make a significant impact in the energy sector.

SEARCH CONSTELLATION ENERGY GENERATION JOBS

Keep Up to Date

Gain insights from industry leaders and stay ahead in your career by reading the latest posts on the Constellation Energy Generation, LLC careers blog.

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Learn more about Constellation Energy Generation, LLC.
Industry
Energy & Utilities
* Ladders Estimates

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