Risk Analyst III

Calpine Corporation is America's largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 77 power plants in operation represents over 27,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states and Canada. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth's surface to produce clean, renewable electricity.

Responsible for identifying, evaluating, and planning strategies for improving risk management including daily valuation and position reporting of the regional risk portfolio. Researches a variety of risk management topics and develops recommendations for consideration by management to optimize risk. Administers risk management programs to maintain maximum protection of assets at the most economical rates. Investigates and reports on infractions and risk-related incidents.

Duties include identifying and capturing the risk for all trades and structured deals, marking to market valuation and position reporting for multiple risk books across the portfolio, reconciling and quantifying the value and position changes of the portfolio and preparing reports of results for management, and reconciling monthly earnings expectations with reporting results from Calpine Accounting/Finance. Collaborates with IT and other staff to identify, develop and implement systems efficiencies and reporting capabilities for risk books.

Job Responsibilities

• Support senior staff to develop risk models and reports that accurately capture material risks specific to market/asset/region and trading strategy.
• Independent validation of market valuations for existing portfolio and new deals.
• Assist with ongoing monitoring of portfolio risk with weekly commentary on utilization, new activity, market events and liquidity.
• Adherence to risk management policies with focus on maintaining effective controls for trading and business processes.
• Support of compliance and audit activities.
• Interact with traders, originators, accounting staff, and management to understand and answer questions about portfolio positions, changes, and risk factors.
• Collaborate with I.T. organization to improve the underlying risk system infrastructure (models, calculations, data flows, reports, etc.).

Job Scope

• In-depth or broad, extensive knowledge.
• Highly skilled professional with wide-ranging, advanced technical experience to resolve complex issues.
• Competent to work at very high level in multiple knowledge areas or functions as an advanced contributor.
• Works with leadership on the most complex topics including providing significant input to risk management strategy. Assist management with planning, directing and administering risk management programs.

Decision Making

• Makes decisions on complex issues regarding project components and advanced tasks.
• Leads the research for innovations from external sources, and identifies opportunities to develop new processes, tools, services and techniques within the function.

Work Complexity

• Works on complex issues and projects.
• Uses independent judgment requiring in-depth evaluation of variable factors. Independently selects methods, techniques, analytical approach and evaluation criteria.

Self-Management

• Determines methods and procedures for new assignments.
• Serves as project/technical lead on medium to large projects; regularly coordinates work of professionals, technicians and others outside of own department.
• Trains and mentors employees on technical skills.

Job Requirements

• Bachelor's Degree in Business, Engineering, or other quantitative disciple or equivalent.
• In-depth experience across knowledge areas and multiple functions including project management; typically requires 5+ years in area of specialization.

Additional Calpine Information

• Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
• Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to hrrecruitment@calpine.com. Determination on requests for reasonable accommodation are made on case-by-case basis.

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