Risk Analyst or Senior

Idaho Power Company•Boise, ID

9d•Hybrid

About The Position

Idaho Power — located in vibrant Boise, Idaho — is looking for a Risk Analyst or Senior to join our Treasury Services team. It’s an exciting time to work for Idaho Power. Our work plays a critical role in communities we serve across Idaho and Oregon, and we’re working hard to provide our customers with the safe, reliable, affordable energy they depend on. While this position is based at Idaho Power’s downtown Boise location, we offer both flexible schedules and the opportunity to work up to 40% remote. Relocation assistance may also be provided to the successful candidate. What does a Risk Analyst or Senior do for us? They identify, evaluate, monitor and analyze Idaho Power’s market and credit risk. They ensure alignment with the Energy Risk Management Policies and Standards and Credit Risk Management Standards. They work cross-functionally to gain alignment, understanding, and develop metrics for compliance with credit and risk programs. Manages risks pertaining to power and gas transactions, vendor and supply chain transactions, asset acquisitions, energy market transactions such as interconnection and transmission arrangements, and derivatives and commodity risk management instruments. Oversees the daily valuation and long-term position reporting of the risk portfolio (market and credit). Ensures identification and capture of risk trades and structured deals are accurate in the system of record. Monitors risk exposures to ensure they are within risk policy guidelines. Performs counterparty credit monitoring for various business units, develops various metrics for analyzing counterparty risk, recommends appropriate credit risk mitigation for the enterprise, including collateral and third-party assurance requirements and ensures the adequacy of the terms and conditions of the assurance. Negotiate and draft complex commercial agreements, including energy-market contracts (e.g., NAESB, ISDA, REC agreements) or comparable financial, commodity, or structured contracts. A Senior Risk Analyst also leads and assists other risk analysts in the operational activities of the risk team. They develop and report on Risk Management metrics associated with compliance within functional responsibility. They prepare daily and monthly credit or risk reports, SOX reporting requirements, 10 Q/10 K risk reports and/or counterparty reconciliations. They are a subject matter expert on risk and key regulatory guidelines that impact assigned responsibilities. Primary point of contact for risk questions during manager’s absence. In addition to the meaningful work we do, we offer work-life balance, competitive pay and benefits, an employee incentive plan, and both a 401k employer-match and a pension plan, making Idaho Power one of the best employers in the state.

Requirements

Knowledge of: Finance, derivatives, and accounting
Utility finance/credit, NAESB, ISDA, WSPP, netting agreements, long-form confirmations, corporate guarantees, letters of credit and other related agreements with counterparties
Market risk control practices and the energy marketing function
Familiar with detailed reconciliations and proper business procedures
Working knowledge of utility industry and specific financial regulations
Commonly used business software applications
Skills in: Excellent organizational, planning, verbal and written communications
Strong attention to detail
Expert-level complex risk scenarios analysis and works effectively with internal and external partners
Strong negotiation skills and ability to draft contracts and agreements
Analyzing documents and data for conformance to established policies and procedures
Working effectively in a professional team environment
Conducting research and provide thoughtful, thorough analysis
Working independently with minimal supervision and intervention
Maintain objectivity and confidentiality
Experience with VBA, database, and Power BI
Ability to: Perform quantitative and qualitative financial analysis
Analyze financial health of counterparties
Meet deadlines and prioritize work
Defend decision-making criteria with other departments or counterparties
Balance commercial responsiveness with prudent credit and/or risk expectations
Work in a time sensitive environment with the ability to adapt to changing needs
Meet highest attendance requirements
Use personal computer, calculator, etc.
Risk Analyst Education: Bachelor’s degree in an analytical field (finance, accounting, economics, or a related field)
Experience: 3 or more years of directly related professional experience in credit risk management
Senior Risk Analyst Education: Bachelor's degree in an analytical field (finance, accounting, economics, or a related field)
Experience: 6 or more years of directly related professional experience in banking-related credit and/or risk management or commodity risk management in a trading or marketing environment including in-depth analysis of financial statements

Nice To Haves

Preferred: MBA degree
Preferred: 7 years or more of relevant work experience in electric/gas utility, energy marketing and/or energy trading industries

Responsibilities

Identify, evaluate, monitor and analyze Idaho Power’s market and credit risk.
Ensure alignment with the Energy Risk Management Policies and Standards and Credit Risk Management Standards.
Work cross-functionally to gain alignment, understanding, and develop metrics for compliance with credit and risk programs.
Manages risks pertaining to power and gas transactions, vendor and supply chain transactions, asset acquisitions, energy market transactions such as interconnection and transmission arrangements, and derivatives and commodity risk management instruments.
Oversee the daily valuation and long-term position reporting of the risk portfolio (market and credit).
Ensure identification and capture of risk trades and structured deals are accurate in the system of record.
Monitor risk exposures to ensure they are within risk policy guidelines.
Perform counterparty credit monitoring for various business units, develops various metrics for analyzing counterparty risk, recommends appropriate credit risk mitigation for the enterprise, including collateral and third-party assurance requirements and ensures the adequacy of the terms and conditions of the assurance.
Negotiate and draft complex commercial agreements, including energy-market contracts (e.g., NAESB, ISDA, REC agreements) or comparable financial, commodity, or structured contracts.
Develop and report on Risk Management metrics associated with compliance within functional responsibility.
Prepare daily and monthly credit or risk reports, SOX reporting requirements, 10 Q/10 K risk reports and/or counterparty reconciliations.
Serve as a subject matter expert on risk and key regulatory guidelines that impact assigned responsibilities.
Serve as primary point of contact for risk questions during manager’s absence.