Clearway Energy Group is hiring a
Manager Power Trading Analytics in United States

Summary

The Manager, Power Trading Analytics position at Clearway Energy Group involves implementing a risk framework through quantitative analysis, developing energy market strategies, and reporting & communication. The role requires a Master's or Ph.D. in a quantitative discipline with 5-10 years of experience in the energy industry. Remote work is allowed.

Requirements

• Masters or Ph.D. in Engineering, Mathematics, Economics, or a related quantitative discipline
• 5-10 years in increasingly responsible quantitative roles, especially within the energy industry
• Knowledge of US Electricity markets and power systems with direct experience with at least one ISO market

Responsibilities

• Facilitate the implementation of a risk framework through quantitative analysis
• Develop gross margin at risk models for projects with market price exposure
• Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices
• Review forward market price volatility curves and correlation assumptions for stochastic risk modeling
• Facilitate trading strategy performance benchmarking and establishing risk limits
• Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing risk-adjusted revenue of Clearway’s renewable assets
• Collaborate with Market Fundamentals and Transmission Team to incorporate long-term fundamental views into short-term risk mitigation trading strategies
• Support valuation of short-term hedge and PPA amendments for contract negotiations with the Origination team
• Develop REC, Capacity, Resource Adequacy, and transmission hedging trading strategies
• Develop gas trading strategies to help mitigate the risk for the company’s three conventional assets

Preferred Qualifications

• MBA or MS is highly desirable
• Experience working with variable generators and natural gas plants is highly desirable
• Experience with Dayzer, Promod, or Plexos is highly desirable
• Exposure to contract administration, project finance, and other commercial engagements
• Experience working with Energy Trading Risk Management (ETRM) systems

Benefits

• Health insurance
• Retirement benefits
• Paid time off
• Remote work
• Life and disability insurance
• Bonuses and incentives
• Professional development opportunities
• Wellness programs
• Family and parental leave