Senior Market Trading Risk Analyst

Xcel Energy•Denver, CO

About The Position

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for. Position Summary Responsible for independently assessing the risks and benefits associated with proposed commodity transactions including the impacts of imbedded optionality. Periodically analyze the trading portfolio utilizing stress testing and other risk assessment tools (e.g. VaR, PFE, CFaR). Make recommendations to management regarding the potential areas of concern and proposed risk mitigation strategies. Provide fair value assessments to support profit generating transactions of forwards, options and other products from the simple to the exotic using both fundamental and statistical methods. Performs task under tight deadlines in a high paced open trade floor environment. Essential Responsibilities Investigate and develop quantitative solutions to address new trade types and or strategies and other ad hoc analysis as required. Develop and run stress testing models for trading portfolio on a periodic basis. Analyze and report on the results Provide strategic project leadership, guidance, and expertise to and share information with Associate Analyst and Analyst. Manage project level studies and oversee work of other analysts. Conduct fundamental research within various markets and/or trading locations and develop models to assess the impact of changing market dynamics. Provide oversight and direction on the development and maintenance of the volatility surface for various commodities and markets. Perform regional transmission constrained production cost modeling analyses to independently evaluate the economic impact of changes to energy markets, generation assets, transmission assets and environmental regulations. Provide oversight and direction on the development and production of the commodity price forecast Interface with accounting, trade floor, compliance and other commodity management groups to provide information related to transactions and valuations. As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Individuals with a disability who need an accommodation to apply please contact us at [email protected]. Non-Bargaining The anticipated starting base pay for this position is: $97,600.00 to $138,600.00 per year This position is eligible for the following benefits: Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care Reimbursement Account, Health Care Reimbursement Account, Health Savings Account (HSA) (if enrolled in eligible health plan), Limited-Purpose FSA (if enrolled in eligible health plan and HSA), Transportation Reimbursement Account, Short-term disability (STD), Long-term disability (LTD), Employee Assistance Program (EAP), Fitness Center Reimbursement (if enrolled in eligible health plan), Tuition reimbursement, Transit programs, Employee recognition program, Pension, 401(k) plan, Paid time off (PTO), Holidays, Volunteer Paid Time Off (VPTO), Parental Leave Benefit plans are subject to change and Xcel Energy has the right to end, suspend, or amend any of its plans, at any time, in whole or in part. In any materials you submit, you may redact or remove age-identifying information including but not limited to dates of school attendance and graduation. You will not be penalized for redacting or removing this information. Deadline to Apply: 01/30/26 EEO is the Law | EEO is the Law Supplement | Pay Transparency Nondiscrimination | Equal Opportunity Policy (PDF) | Employee Rights (PDF) All Xcel Energy employees and contractors share responsibility for protecting the company's information and systems by adhering to cybersecurity policies, standards, and best practices, recognizing that cybersecurity is everyone's responsibility. ACCESSIBILITY STATEMENT Xcel Energy endeavors to make https://www.xcelenergy.com/ accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Xcel Energy Talent Acquisition at [email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications. You. Us. Together. At Xcel Energy, we’re more than an energy company. We’re reinventing how we power communities. Redefining how we care for customers. Reaffirming our commitment to the planet. We’re committed to leading with equity and inclusion. You’re not waiting for change – you’re creating it. You’re driven to protect the environment, support your community, and seek innovation. You want a career that grows with you and an employer who values you. You are reliable, trustworthy and bring integrity to everything you do. We are leading the way in clean energy. We’re using technology and innovation in every facet of our company. We’re providing safe, stable jobs with robust benefits. We keep our customers at the center of all we do. We’re committed to hiring a workforce that reflects the communities we serve. Together, we can provide carbon-free electricity by 2050. Together, we can take care of the environment and our communities. Together, we can create a place where everyone belongs. Together we’re building a better tomorrow.

Requirements

Bachelor's degree in a highly quantitative discipline such as engineering, mathematics, physics, quantitative analysis, finance, economics or a related discipline.
At least 5 years of experience in quantitative risk and/or market analysis in the commodity industry, trading and finance or other equivalent experience.
Knowledge of energy trading terminology, commodity markets and the analytical and statistical methods required to evaluate those markets.
Demonstrated ability to develop predictive models using econometrics and other statistical techniques.
Strong skills in Microsoft Office along with programming, data management and evaluation including Excel VBA; SAS, Python, c++ or other statistical language strongly preferred.
Demonstrated ability to manage projects involving small teams.
Analytical understanding of the nature of information, making a thorough evaluation and recommending appropriate courses of action.
Excellent verbal, presentation and written skills.

Nice To Haves

Graduate degree strongly preferred.
Experience with utility industry production cost modeling software such as Dayzer or equivalent is preferred.

Responsibilities

Investigate and develop quantitative solutions to address new trade types and or strategies and other ad hoc analysis as required.
Develop and run stress testing models for trading portfolio on a periodic basis.
Analyze and report on the results Provide strategic project leadership, guidance, and expertise to and share information with Associate Analyst and Analyst.
Manage project level studies and oversee work of other analysts.
Conduct fundamental research within various markets and/or trading locations and develop models to assess the impact of changing market dynamics.
Provide oversight and direction on the development and maintenance of the volatility surface for various commodities and markets.
Perform regional transmission constrained production cost modeling analyses to independently evaluate the economic impact of changes to energy markets, generation assets, transmission assets and environmental regulations.
Provide oversight and direction on the development and production of the commodity price forecast Interface with accounting, trade floor, compliance and other commodity management groups to provide information related to transactions and valuations.