Director, Energy Risk Management

Overview

Company Overview

Pattern Energy is a leading renewable energy company that develops, constructs, owns, and operates high-quality wind and solar generation, transmission, and energy storage facilities. Our mission is to transition the world to renewable energy through the sustainable development and responsible operation of facilities with respect for the environment, communities, and cultures where we have a presence. Our approach begins and ends with establishing trust, accountability, and transparency. Our company values of creative spirit, pride of ownership, follow-through, and a team-first attitude drive us to pursue our mission every day. Our culture supports our values by fostering innovative and critical thinking and a deep belief in living up to our promises.  Headquartered in the United States, Pattern has a global portfolio of more than 30 power facilities and transmission assets, serving various customers that provide low-cost clean energy to millions of consumers.

Responsibilities

Job Purpose

The Director, Energy Risk Management will lead the Middle Office function that provides trade control and risk management expertise for the company’s Energy Management activities in the wholesale power and renewables markets in USA and Canada.

Duties and Key Accountabilties

• Responsible for monitoring of the company’s Energy Management trading activities for compliance with the trading policies, limits, internal controls and market regulations
• Maintain and develop the company’s energy risk management policies, procedures and risk metrics
• Management and mentoring of manager and analyst level employees
• Engage and maintain effective relationships with traders, originators, and other business units to understand risks within the company’s portfolio of merchant assets
• Responsible for the distribution of daily, weekly and monthly energy risk reports to management
• Management of collateral posted with the ICE futures exchange and ISOs (e.g. ERCOT, CAISO)
• Organize and lead the company’s Energy Market Risk Committee meetings
• Risk assessment of proposed new trading products, strategies or structured deals
• Take a lead role in cross-functional project teams to further improve and automate internal processes, controls, reporting and technology systems 
• Contracting ISDA, WSPP and EEI master agreements with new counterparties for bilateral sales of power and Renewables Attributes (RECs, carbon offsets, etc.)
• Ensuring all new counterparties undergo Know Your Customer (KYC) and counterparty credit review processes
• Keep appraised of energy market rules and regulations, new developments and market intelligence 

Qualifications

EXPERIENCE/QUALIFICATIONS/EDUCATION REQUIRED

• Bachelor’s degree in Finance, Mathematics, Business, Economics or similar commercial or quantitative subject. 
• 8-10 years’ relevant experience in commodity risk management, compliance or trading.
• Additional Requirements
• In-depth knowledge of US power or natural gas markets, preferably with knowledge of market operations in ERCOT and CAISO and renewable
• generation
• Prior experience in using ETRM systems such as Allegro Horizon
• Excellent written and oral communication skills
• High level of numerical and analytical skills to understand movements in position, P&L or risk metrics
• Ability to work with a high level of accuracy and attention for detail
• This position requires an enthusiastic and collaborative leader who is motivated by the daily challenges of working in a fast-paced, complex and often changing commercial environment. We are seeking someone who asks questions and wants to continue developing their skills in this high-profile and growing function within Pattern Energy.

Pattern Energy Group is an equal opportunity employer

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