Risk Analyst


Date: Sep 23, 2022
City: San Diego, CA
Contract type: Full time
Description :

Calpine Corporation is America\'s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Its fleet of 76 power plants in operation and one under construction represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and its retail businesses, Calpine serves customers in 22 states, Canada and Mexico. Its clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner.

The company was established on the premise that a strong commitment to the environment is inextricably linked to excellence in power generation and corporate responsibility. Since its founding in 1984, Calpine has led the power industry in its unwavering commitment to environmental stewardship. In addition, its renewable geothermal plants use steam generated deep below the earth\'s surface to produce clean, renewable electricity.

Job Summary (includes but is not limited to the following, other duties may be assigned)

Oversee the daily reconciliation, verification and validation of all trading and pricing activities, as represented in the system. Ensure the risk components of all structure transactions and trading activities are captured and monitored within the system. Monitor daily actualization activities among front, middle, and back offices to ensure the integrity of trading P/L. Provide training and quality control for deal capture, scheduling, and valuation of commodity trades.

Job Responsibilities
  • Provide management oversight of the commodity position and market price exposures to minimize trading risks and to ensure the compliance of company policy (20%)
  • Monitor daily reporting to management of all positions, together with oversight and responsibility to identify reporting risks includes Fixed Price risk, Basis risk, Index risk, Spread risk, Heat Rate risk, and Embedded Optionality risk. (20%)
  • Team member of structured deal evaluations with responsibility to properly capture deal components in systems and compare to deal evaluation for reporting accuracy. Prepare reconciliation between initial structure deal analysis and accounting results. (30%)
  • Manage reporting interface between physical and forward books to ensure proper position reporting and P&L tracking. (10%)
  • Involvement in development of new reports as needs arise. (5%)
  • Provide training to new staff involve in trading system activities. (5%)
  • Coordinate P&L actualization with settlement and operations groups. (10%)
Job Requirements
  • Bachelor’s degree is required; preferably in business.
  • Minimum of 2 years’ experience in energy industry, including a good grasp of mark-to-market concepts.
  • Experience with gas/power scheduling, forward mark to market (MTM), commodity transaction structuring, and forward reporting are needed
  • Gas/Power physical month valuation, Gas Storage and Transportation, managing renewable Power book are desired
  • Broad based knowledge of commodity trading, financial, economic and accounting principals.
  • Ability to communicate effectively by written report and verbal presentation.
  • Strong system and desk top computer skills, including Allegro, Excel, Access and MS Word.
  • Ability to work both independently and in a team environment.
Additional Calpine Information
  • Vaccination Information: Calpine requires an individual who is newly hired into this position to be vaccinated for COVID-19 within the first 28 days of employment - if not already vaccinated prior to starting employment. If you have any concerns regarding compliance with this requirement, you will need to discuss your concerns with Calpine’s HR department after a decision has been made about whether or not to make you a conditional offer of employment. Calpine does not require applicants to discuss vaccination status prior to receipt of a conditional offer of employment and complies with all applicable laws requiring reasonable accommodation.
  • Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities.
  • Calpine is committed to Equal Employment Opportunity and providing reasonable accommodations to applicants with physical and/or mental disabilities. If you are interested in applying for employment and need special assistance or an accommodation to use our website or to apply for a position, please send an e-mail with your request to
. Determination on requests for reasonable accommodation are made on case-by-case basis.

Please view Equal Employment Opportunity Posters provided by OFCCP

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