Market Risk Analyst

Tenaska•Omaha, NE

2d•Onsite

About The Position

The Market Risk Analyst plays a key role in analyzing and valuing a portfolio of commodity trading positions and financial derivatives tied to the natural gas market. This role sits at the intersection of trading, financial analysis, and risk management, providing insight into how market movements impact the value and risk profile of TMV’s natural gas trading portfolio. In this position, you will work closely with traders and leadership to ensure transactions are accurately valued, market inputs are properly maintained, and risk exposures are clearly understood. The role combines structured daily and regular reporting responsibilities with deeper analytical work focused on investigating complex transactions, improving valuation methodologies, and supporting informed trading decisions. This is a fast-paced and intellectually challenging environment that is well suited for individuals who enjoy solving complex analytical problems, working with large datasets, and applying statistical and financial concepts to real-world markets. Market Risk brings together finance, statistics, economics, and accounting. It’s a great opportunity for someone seeking a non-traditional path in finance or accounting within the exciting and dynamic energy industry. Analysts will gain exposure to real-time trading markets and complex financial instruments. It is an excellent opportunity for individuals interested in developing expertise in commodity markets, derivatives valuation, and quantitative risk analysis.

Requirements

Bachelor’s degree in accounting, finance, economics, statistics, engineering, or another quantitative discipline
2+ years of experience in relevant field with exposure to work requiring advanced analytical, technical and/or problem-solving skills, such as financial analysis or modeling, mark to market accounting, derivatives valuation, or trading analytics
Interest in learning derivatives pricing concepts, including forward curves, volatility, and optionality
Strong analytical and quantitative problem-solving skills, including the ability to reach and support a conclusion
Advanced Excel skills including complex formulas, pivot tables, and data analysis
Ability to interpret large datasets and translate analysis into clear insight
Strong written and verbal communication skills
Dependable, reliable and predictable attendance is required

Nice To Haves

Experience valuing physical or financial commodity transactions
Familiarity with natural gas market structure, including locational basis, storage optionality, seasonal spreads, and transportation
Exposure to derivative pricing concepts, including forward curves, volatility, and optionality
Experience supporting trading desks, risk management teams, or valuation functions
Experience with SQL, Power BI and VBA for data extraction and model automation
Master’s degree in a relevant quantitative field

Responsibilities

Develop and support independent valuation conclusions for complex or non-standard deal structures
Investigate unusual valuation results or discrepancies, determine root causes, and recommend corrective action
Research market developments and pricing methodologies that affect valuation accuracy
Analyze and value a portfolio of complex physical and financial natural gas transactions, including derivative instruments
Ensure valuation models accurately reflect the economic structure of transactions
Monitor and explain daily changes in portfolio valuation driven by market movements
Maintain and update market data used in valuation models, including forward price curves, volatility assumptions, locational basis, and other key inputs
Research and validate external market data sources to ensure accuracy and reliability
Structure and maintain the underlying curve and market data sets, including database organization and management
Partner with trading teams to confirm deal economics and validate recently executed deals are captured correctly and accurately as well as validate transaction pricing
Provide quantitative support and analysis related to market data, pricing assumptions, and deal structures
Provide actionable insight into the changes observed in the forward natural gas portfolio – including changes in the underlying market as well as highlight risks in the portfolio
Prepare and present valuation and risk analysis to senior leadership
Respond to ad hoc questions related to portfolio risk, valuation methodology, or market impacts
Identify opportunities to improve valuation methodologies, analytical tools, and reporting processes
Contribute to the development and refinement of internal valuation models and analytics
Collaborate with and help train junior analysts as needed
Contribute to a culture of curiosity, analytical rigor, and continuous improvement
Other duties as assigned