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Market Risk Analyst

ISO New England

Location: Holyoke, MA US
Position Type:
Rqd Education:
Rqd Experience: 5+ years
Date Posted: August 31, 2022
Reference Code: 123766145
The Market Risk Analyst is responsible for identifying, designing, evaluating and implementing market and credit risk management solutions and analytics for ISO New England's electricity markets. The primary focus of the role is serving as the subject matter expert in financial risk management. The Risk Analyst will also build and maintain tools and models to evaluate the performance of ISO-NE's collateral requirements.

How you will make an Impact:
  • Employ market risk and credit risk measurement techniques to evaluate risk exposure and develop, maintain, and report on metrics that track exposure to market risk and credit risk
  • Recommend and create new collateral requirements for electricity market products
  • Support regulatory approval of collateral requirement design and governing document changes including providing expert witness testimony in support of proposed changes
  • Create and deliver reports (both written and oral) that clearly explain, without technical jargon, the performance of the collateral requirements, the deficiencies (if any) in collateral requirements, and the benefits of any proposed changes to collateral requirements
  • Monitor electricity market dynamics with a focus on potential risks to ISO-NE and ISO-NE market participants including M&A activity, changes to power market fundamentals, and modifications to other ISO/RTO market designs or risk management policies
What we are looking for
  • Bachelor's degree in Finance, Economics, Financial Engineering, Applied Mathematics, Master's degree or MBA preferred
  • Expert knowledge of credit/market risk principles and practices
  • Experience with energy or commodity derivatives; such as futures, forwards, swaps and options
  • Applied knowledge of market and credit risk measurement techniques, e.g., VaR, historical simulation, Monte Carlo simulation, stress testing
Principal Risk Analyst: on average 11-15 years of experience

Lead Risk Analyst: on average 7-10 years of experience

Senior Risk Analyst: on average 3-6 years of experience

Desired not required
  • Skill in other programming languages such as SQL, SAS, Matlab, Python, or other data analytics tools (BI, Tableau) is preferred.
  • Experience with Northeast electricity or natural gas markets
Clarity of purpose is the starting point for all success. The ISO's mission, vision, and values define our purpose-these values serve as the cultural cornerstones of theorganization.

Mission: Through collaboration and innovation, ISO New England plans the transmission system, administers the region's wholesale markets, and operates the power system to ensure reliable and competitively priced wholesale electricity.

Vision: To harness the power of competition and advanced technologies to reliably plan and operate the grid as the region transitions to clean energy.

Values: Expertise, Respect, Innovation, Dependability and Collaboration

What We Offer: Located in Holyoke, MA amid the picturesque Pioneer Valley of Western Massachusetts, our employees get the best of both rural and urban living, enjoying day-to-day local community culture and conveniences with drivable access to big city amenities. Our competitive base salaries, performance-driven bonus incentive offering, as well as a variety of health, wellness, and professional development benefits underscore the value we place in our employees. Beyond our comprehensive medical, dental, and vision plans, we encourage continuous learning through our training and tuition reimbursement programs and support work-life balance with flex hours, hybrid work models for most roles, and paid vacation and holidays. Our benefits strive to fulfill the needs of our employees across life's stages, with paid parental time off, health and wellness programs, 401k with company match, and a retirement plan. For the convenience of our employees, we offer complimentary access to our onsite fitness center and a cafeteria with free coffee.

COVID-19 Policy: Employee safety and well-being is a priority at ISO New England. To safeguard our teams and the important work they do, ISO New England has a mandatory COVID-19 vaccination policy.

Equal Opportunity : We are proud to be an EEO/AA employer. Applicants for employment are considered without regard to race, creed, color, citizenship, religion, sex, sexual orientation, marital status, national origin, age, disability, status as a veteran, Vietnam Era Veteran, or being a member of the Reserves or National Guard.

Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.

Social Networking Notice : ISO New England reserves the right to review the candidate's postings on any social networking site accessible in the public domain as part of the candidate assessment process.

Other details
  • Pay Type Salary
About this Employer‍

Keeping the lights on in New England

We are the independent, not-for-profit corporation responsible for keeping electricity flowing across the six New England states and ensuring that the region has reliable, competitively priced wholesale electricity today and into the future.