Quantitative Risk Analyst

For our office in Stamford CT we are currently looking to hire a

Quantitative Risk Analyst US

Statkraft is the largest generator of renewable energy in Europe and an established participant within the various US environmental commodities markets. As a support function to the Trading and Origination department, you will work closely with the Origination team that sources and manages a long-term portfolio of third-party renewable power contracts. This portfolio usually consists of tailor-made Power Purchase Agreements (PPAs) and longer-term sales contracts with a variety of large end customers. Currently, the team is expanding its activities to the US power and renewables markets, specifically PJM & ERCOT. The origination team is responsible for the origination, pricing, structuring, and portfolio management of all bilateral power and Renewable Energy Credits (REC) deals.

What our team does:

The Risk Management department is an independent evaluator and communicator of risk and value creation of all market activities within Statkraft. Our main responsibilities are to report on the performance and measure market risks within our trading and origination activities. We are responsible for the creation and implementation of the methodologies and all tools used in this regard. The ongoing growth in Statkraft activities and the complexity of the portfolios create a most challenging and interesting work environment.

Your role:

• You will report directly to Senior Market Risk Analyst
• Responsible for developing, operating and maintaining risk models
• Responsible for model validation and for producing model validation reports
• Contribute to the development of stress testing methodologies
• You will work closely with Statkraft’s Risk department in Europe to improve the risk infrastructure for the US origination activities.
• You will ensure a clear communication of profit/loss and risk metrics for the US origination activities across the organization.
• You will facilitate the appraisal and implementation of new deal structures and business proposals in close cooperation with the local credit risk manager and with other support functions in Europe.

Your profile:

• Bachelor’s degree in Economics, Finance, Statistics, Mathematics, or Actuarial Sciences, or in a quantitative field
• Advanced coding skills, preferably Python 
• Strong knowledge of financial risk modelling (e.g., credit risk, liquidity risk, or market risk). Ability to comprehend, interpret, and adhere to policies, procedures, and regulatory requirements. 
• Understanding of market risk management
• must exhibit high degree of professionalism and confidentiality in handling and having access to sensitive information
• At least 3 years of experience in commodity risk management preferably from a US power commodities team.
• Self-driven, pragmatic, team player willing to take initiative and full responsibility in the start-up phase of the office.

Statkraft offers:

• Professional and personal development in an exciting company
• A positive working environment characterised by competence, responsibility and innovation
• A diverse workplace with regard to gender, age and cultural background
• Competitive terms of employment and excellent benefit schemes

Challenged?

For us the ideas of our committed and ambitious colleagues make the difference. If you want to share our passion for renewable energy and be a part of tomorrow’s energy world, please apply through our online application form.

Please note: Statkraft manages critical infrastructure and services in several countries. We conduct background checks on qualified applicants before hire.