Southern Company

Principle Financial Analyst - Risk Control & Treasury

Southern Company • $100K — $130K *
Birmingham, AL 35242In-Person
Finance & Insurance
5 - 7 years of experience
2 weeks ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, economics, or related field required; advanced degree or certification preferred
  • 7+ years of experience in risk management or financial modeling
  • Strong quantitative and analytical skills
  • Advanced proficiency in AI applications, Excel (including VBA), SQL, or Python
  • Ability to effectively communicate with and build relationships with stakeholders

Responsibilities

  • Engage with traders to assess risks and implement management policies
  • Collaborate with Treasury teams to evaluate structured financing products
  • Develop risk models for measuring market and credit risks
  • Maintain and develop forward curves for portfolio valuation
  • Execute daily trade confirmation processes and price reporting
  • Establish and monitor counterparty credit limits
  • Negotiate and execute master trading agreements

Benefits

  • Comprehensive health insurance options
  • Retirement savings plan with employer match
  • Opportunities for professional development and certifications
  • Flexible work arrangements
  • Employee discounts and wellness programs
Full Job Description
Job Description

Principal, Financial Analyst - Risk Control & Treasury

Risk Control is the independent risk monitoring and oversight function for Southern Company Commercial Operations and & Trading and Southern Power Commercial Optimization & Trading organizations. As a member of the Risk Control group, you will be responsible for monitoring and assessing the risks related to the company's asset optimization and trading activities, while supporting risk policy and control compliance. This includes position valuation, market and credit risks management, monitoring risk limits, derivative accounting, performing controls related to energy trading, and negotiating master trading agreements.

Treasury is responsible for managing Southern Company's $74B+ debt portfolio, managing liquidity and external financings for Southern Company and each of its subsidiaries, and evaluating/setting credit and collateral requirements for various subsidiary customers, among other responsibilities.

JOB RESPONSIBILTIES

Direct
  • Engage with traders to understand products and strategies to evaluate risk and implement appropriate risk management policies.
  • Engage with Treasury Capital Markets and Banking Products teams to evaluate structured products related to efficiently financing the business
  • Develop and run risk models to measure and monitor market and credit risk associated with the Company's asset optimization, trading, and other contracting activities, including value-at-risk, stress testing and scenario analysis.
  • Collaborate with Company's Analytical Solutions team to evaluate risk around various aspects of the business

Other
  • Maintain and develop forward curves used in the daily portfolio valuation.
  • Execute daily trade confirmation processes to ensure completeness and proper documentation.
  • Perform daily price reporting to external price index developers.
  • Establish and monitor counterparty credit limits and exposure to ensure appropriate credit and collateral (PGs, LCs, Cash & Surety Bonds etc.), including margining activities.
  • Partner with IT to support and enhance risk systems to ensure they are maintained and working properly.
  • Perform effectiveness testing and correlation analysis in order to maintain hedge accounting treatment.
  • Perform month-end and quarter-end derivative accounting analysis and SOX related controls.
  • Perform analysis and assist in the development and maintenance of risk policies and controls.
  • Negotiate and execute master trading agreements and credit support agreements.
  • Present risk exposure and insights to the Southern Company and Southern Power Risk Oversight Committees.
  • Identify and lead automate initiatives to streamline risk control processes to improve efficiency and accuracy.

JOB REQUIREMENTS

Education Requirements
  • Minimum of a bachelor's degree in finance, economics, accounting, mathematics, statistics, engineering, or similar field is required unless specific knowledge and experience can be demonstrated.
  • A relevant advanced degree or on-going progress towards an advanced degree or certification (e.g., CFA, FRM) in a relevant field is preferred.

Minimum Requirements
  • 7+ years of experience in risk management, financial modeling, or treasury
  • Advanced quantitative and analytical skills, with the ability to present quantitative information to all audiences.
  • Advanced proficiency/skills in AI applications, Excel (including VBA macros), SQL or Python.
  • Ability to build relationships and communicate effectively with stakeholders.

Preferred Candidates - Knowledge, Skills, and Abilities
  • Knowledge of financial theory and quantitative methods with application to risk management and corporate finance.
  • Value-at-risk, stress testing, scenario analysis, and other market risk techniques
  • Knowledge of energy markets and trading instruments (forwards, futures, swaps, and options), including valuation methodologies.
  • Knowledge of interest rate and forex risk management and associated market products.
  • Experience building dashboards and automated reporting solutions (e.g., Power BI).
  • Experience developing SQL stored procedures, queries, or data pipelines.
  • Ability to understand/learn IT systems specific to Risk Control and how they interface with one another.


About the Team

Southern Company Services

About Southern Company

With 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company is the premier energy company serving the Southeast. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index.

Southern Company Careers

Join the dynamic team at Southern Company, a leader in energy innovation and a champion of sustainable practices. As one of the most respected companies in the energy sector, Southern Company offers unparalleled job opportunities that promise not only professional growth but also a commitment to diversity and leadership development.

Work You’ll Do

At Southern Company, we are not just about power generation; we are about empowering our team to innovate and lead the industry. By joining our team, you will collaborate with some of the brightest minds in the field, using your skills to solve complex problems and drive meaningful change.

Explore a World of Opportunities

Whether you are looking for a full-time position, an internship, or a leadership role, Southern Company has a place for you. Our wide range of employment options ensures that every team member can find a path that best suits their career ambitions and skills.

Innovate and Lead

Southern Company is at the forefront of technological innovation in the energy sector. Our team members are encouraged to lead projects and initiatives that push the boundaries of what is possible in energy production and management.

Grow and Develop

We believe in nurturing the potential of our employees through targeted diversity training, leadership workshops, and continuous professional development. Career growth at Southern Company is not just a possibility—it is an expectation.

Be Part of Our Culture

Southern Company’s culture is built on a foundation of respect, integrity, and inclusion. We celebrate diversity and believe that it drives innovation. Our team is our family, and we support each other in achieving personal and professional goals.

Benefits That Go Beyond

Choosing a career at Southern Company means enjoying a range of benefits designed to enrich your life and support your lifestyle. From health and wellness programs to retirement plans, we ensure our team members are taken care of.

Join Our Team

Ready to power up your career? Explore the job opportunities at Southern Company today. We are actively hiring and looking for passionate, curious, and solution-driven individuals. Enhance your skills, join a community of innovators, and work towards a sustainable future.

Stay Connected

Keep up to date with the latest at Southern Company by following our careers blog. Gain insider perspectives, industry-leading insights, and practical tips to advance your career.

Networking and Career Advancement

At Southern Company, networking and internal mobility are key components of career advancement. Connect with leaders, engage in cross-departmental projects, and take your professional journey to new heights.

Prepare for Your Interview

Make your mark from the first interview. Visit our career site for tips on crafting your resume, preparing for interviews, and making a lasting impression.

Join Southern Company—where careers glow brighter!

SEARCH SOUTHERN COMPANY JOBS Stay ahead of the curve in your career with Southern Company, where innovation meets tradition and every employee is empowered to excel.
Learn more about Southern Company
Size
27,000 employees
Market Cap
$77.6 billion
Industry
Energy & Utilities
Net Income
$3.1 billion
Founded
1912
5 Year Trend
+3%
Revenue
$20.3 billion
* Ladders Estimates

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