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Risk Operations Manager

Date: Sep 14, 2021

Location: Newark, NJ, US

Company: PSEG

Requisition ID:  67393 

Job Function/Category:  Finance / Accounting 

Employment Type:  Exempt Full Time 

 

This is an exciting time to be joining PSEG. Our commitments, which include safety, integrity, customer focus, and diversity & inclusion, are the fabric of our culture and help drive the success of our business. We are fortunate to have an outstanding workforce of diverse and highly skilled talent who move us forward in our operational excellence journey.  PSEG has more than 12,000 employees who are dedicated to the communities we serve and embody our vision: People providing Safe, Reliable, Economic and Greener Energy.

 

Job Summary

  • Day-to-day oversight of Trading Operations Risk function, including build-out, implementation and oversight of automation associated with Pricing process, Confirms process, and relevant internal and external reporting and compliance monitoring processes 
  • Manage energy commodity pricing processes, and oversight of maintenance of data feeds from MorningStar Commodity Data
  • Management of interfaces (ICE eConfirm, Clearing Brokers, etc.), and build-out of process automation
  • Support Manager, Trading Operations Risk on all aspects of business side ownership of Aligne ETRM (Energy-Trading-and-Risk-Management) application, oversight of access, management of overall configuration (oversight of management of markets, formulas, global variables), including facilitaing communication between business side stakeholders (ER&T, Risk, Accounting) and IT as necessary
  • Key responsibility for ensuring top level performance of ERM's Valuation function SOX controls which are necssary to ensure accurate valuation of PSEG ER&T's portfolio of hedge transactions (approximately ~$2 billion notional)

Job Responsibilities

  • Day-to-day oversight of trading confirmations processes, interfaces (ICE eConfirm, Clearing Brokers, etc.), including lead responsibility for driving design and build-out of process automation
  • Management of energy commodity pricing processes for all power, natural gas, and capacity forward curves and spot prices, including lead responsibility for build-out of potential additional automation of data feeds, and quality assurance checks
  • Manage build-out and support of automated Aligne reporting functionality for ER&T and market risk position reports and P&L reports, other reports as necessary
  • Key responsibility for ensuring top level performance of ERM's Valuation function SOX controls which are necssary to ensure accurate valuation of PSEG ER&T's portfolio of hedge transactions (approximately ~$2 billion notional)
  • Management of Aligne ETRM (Energy Trading and Risk Management) system access, creation and management of markets, creation and managemetn of formulas, creation and management of trade templates, etc.
  • Day-to-day oversight and monthly reporting on compliance monitoring of ER&T internal limits such as OTL Over-The-Limit reports, late trade reports, etc.

Job Specific Qualifications

  • 7 years of experience in an energy & commodities or related field
  • Bachelor's degree OR 4 years of related professional experience 

Additional:

  • Proven ETRM (Energy-Trading-and-Risk-Management) system expertise
  • Strong knowledge of energy commodity products and wholesale energy markets including power, natural gas, etc.
  • Strong understanding of valuation of physical and financial derivatives including swaps, options, etc.
  • Strong understanding of SOX (Sarbanes Oxley) controls, and proven ability to design strong and robust SOX processesProficiency with Microsoft Office (Word, Outlook, Excel) and Advanced Microsoft Excel skills
  • Excellent process management skills
  • Proven project management skills

Desired:

  • Post graduate degree or MBA
  • Significant level knowledge/experience with Aligne ETRM (Energy-Trading-and-Risk-Management), or equivalent ETRM system
  • Proven ability to leverage Aligne ETRM (Energy-Trading-and-Risk-Management) reporting functionality to build out customized reports, and report batches to be used in automated daily reporting
  • Experience with energy commodity data, and commodity data software 
  • Subject matter expert level knowledge of energy commodity markets, specifically power, natural gas, capacity, and FTRs (Financial-Transmission-Rights)
  • Coding skills in SQL, VBA, JavaScript, or similar language
  • Experience managing SOX (Sarbanes Oxley) controls
  • Expert level understanding of valuation of physical and financial derivatives including swaps, options, etc.
     

Minimum Years of Experience

7 years of experience

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information.  Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information.  Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made.  If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

 

As an employee of PSE&G or PSEG Long Island, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.

This site (http://www.pseg.com) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through empower which can be accessed through the mypseg homepage by clicking on the employee center tab, then under the empower header, choose careers.

Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.

Certain positions at the Company may require you to have access to Part 810-Controlled Information.  Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information.  Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made.  If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.

Public Service Enterprise Group (PSEG) is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legal protected characteristic. Legally protected characteristics included, race, color, religion, national origin, sex, age, marital status, sexual orientation, disability, or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

Need to request an accommodation?

If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.


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Nearest Secondary Market: New York City

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