Mgr Market Risk

JOB TITLE: Mgr Market Risk
REQUISITION: CFO005M
DEPARTMENT: Strategic Plan and Risk Management - Kansas City Headquarters
LOCATION: Kansas City, MO
PAY RANGE: $107,900 - $143,800

Scheduled Work Hours: Monday - Friday 8:00 a.m. - 5:00 p.m. Job may require additional hours as required.

Summary of Primary Duties and Responsibilities:
Reporting to the Sr Director Risk Management, the Market Risk Manager will facilitate the implementation of a risk framework through quantitative analysis. This person will be responsible for ensuring that new commercial strategies align with the overall portfolio performance expectations and fall within acceptable risk tolerances. Requires in-depth knowledge of commodity market dynamics, tradable instruments, and risk management practices specific to Energy Trading industry. Works with management on developing, reviewing, and modifying the portfolio strategy based on agreed-upon risk scenarios. Works closely with energy traders to develop risk scenarios and showcase potential impact to the broader portfolio. This position will lead/build a team of up to three Risk Analysts.

Major responsibilities include, but are not limited to:

Energy Risk Management Strategy
* Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing risk-adjusted revenue. Hedging strategies including DART optimization, CRR/FTRs, and term hedge and PPA transactions. Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit opportunities and identify risks.
* Collaborate with internal departments to incorporate long-term fundamental views into short-term risk mitigation trading strategies.
* Support Risk quantification and valuation, identify hedging strategies, EMAs, and other structured transactions for contract negotiations and deal modeling.
* Identify and present hedging strategies, including to senior leaders.
* Develop Power, Natural Gas, and REC trading risk management expertise within the team.
* Ensure proposed new products and trading strategies are understood and modeled appropriately.

Risk and Quantitative Analytics
* Develop gross margin at risk models for projects with market price exposure, with a focus on prompt month to five years forward, to guide hedging and risk mitigation strategies within the confines of the established Energy Risk Management policies.
* Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices.
* Develop stressed and scenario analysis for Market exposure, identify risk reducing strategies, and monitor/report execution of hedging/optimization activities.
* Review forward market price and volatility curves and correlation assumptions for stochastic risk modeling.
* Facilitate trading strategy performance benchmarking and establishing risk limits.

Reporting & Communication
* Collaborate with senior executives in setting appropriate hedging and risk management strategies for both renewable and conventional assets.
* Develop insightful market dashboards using Power BI or similar tools.
* Participate in Risk Oversight Committee discussions along with senior leadership.
* Develop and present risk issues and stressed risk measures to the Risk Oversight Committee at the committee meeting.
* Ensure compliance and adherence to the risk policies.

Education and Experience:
Degree in Business, Economics, Mathematics, Engineering, or a related quantitative or finance discipline. 5 - 7 years in increasingly responsible Risk Management roles, especially in the Energy Trading industry.

Skills, Knowledge, and Abilities:
* Knowledge of US Electricity markets and power systems with direct experience with at least one ISO/RTO
* Proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks
* Highly experienced in at least one programming language, preferably Python or R, with a demonstrated track record of developing complex statistical models
* Strong SQL and data mining skills.
* Ability to construct power fundamental models for pricing, load, generation, flow, and outages using various methodologies.
* Ability to extract, manipulate, and analyze large datasets relevant to the energy market in order to develop complex/structured trading valuation algorithms, and quantify risk.
* Ability to build strong relationships, both internally and externally, to ensure adherence to established credit and risk policies, and staying up-to-date with the market.
* Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner.
* Highly proficient in Microsoft Word, Excel, and PowerPoint.
* Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets.
* Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines.
* Ability to think creatively, manage competing priorities, work independently, and pay attention to detail.
* Self-motivated and highly organized.

Licenses, Certifications, and/or Testing:
None.

Working Conditions:
Working conditions will be office based and must be able to work additional hours on short notice.

Evergy has a clear mission - To empower a better future. Evergy chooses to live this mission by valuing People First. We know that to lead the responsible energy transition and provide affordable, reliable, and sustainable service to our customers and communities, we need a team with a variety of backgrounds, perspectives and skills. So, our goal is to be a diverse workforce that is representative of the communities we serve. We are committed to celebrating diversity and building a team where everyone - regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status - has a voice and can bring their best every day. We know that the more diverse and inclusive we are, the better we will be. Evergy is proud to be an equal opportunity workplace and is an affirmative action employer.

Disclaimer: The above information has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.