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The Risk Control Analyst position at Austin Energy is a full-time role within the Finance division, focusing on monitoring and managing risks associated with fuel and energy trading activities. The analyst will be responsible for ensuring compliance with approved trading and risk management policies, conducting regular audits, and validating historical price curves for risk reporting and portfolio analysis. This role requires the development and implementation of computer models to calculate various risk management performance indicators, including portfolio market-to-market, Value at Risk (VaR), Profit and Loss (P&L), and option valuation. The analyst will also automate risk control processes using advanced software and provide support in evaluating risk control and ERCOT settlement software. In addition to technical skills, the position demands strong analytical abilities to research and advise on technical solutions to risk control issues. The analyst will utilize statistical modeling to track and report on third-party credit standings and work closely with Energy Marketers to reconcile positions and align risk management strategies with market conditions. The role also involves analyzing ERCOT settlement charges, testing new risk calculations, and providing accounting support for wholesale power, fuel, and financial transactions. The Risk Control Analyst will monitor contracts for compliance with risk management activities and will be expected to communicate complex ideas effectively to both technical and non-technical audiences. This position is designated as a Critical Employee role, meaning the analyst will be essential in supporting activities that impact city or department operations. The work can be performed at a designated work site or an alternate location, and schedules may be modified during extraordinary situations or emergencies. The position requires a criminal background investigation and the use of an ERCOT Digital Certificate, necessitating a security review for issuance.
