Analyst, Power Market Risk

Constellation Energy Generation, LLC.•Chicago, IL

1d•Onsite

About The 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.

Requirements

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

Nice To Haves

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

Responsibilities

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.