Risk Control & Credit Analyst
Salary: $79,768.00 - $102,273.59 Annually
Location: Tacoma, WA Tacoma, WA
Job Type: Non-Classified
Department: Power
Job Number: 0580-16
Closing: 7/8/2016 5:00 PM Pacific
To Apply:
Position Description
Tacoma Power is seeking a capable individual to join its Energy Risk Management team. The Risk Control & Analyst will be responsible for administering the risk control program and managing credit risk for Tacoma Power's commercial energy trading operation.
About Tacoma Power
Tacoma Power is a municipally-owned electric utility serving approximately 170,000 customers across a service area of 180 square miles, and it is one of three operating divisions of Tacoma Public Utilities, along with Tacoma Water and Tacoma Rail. "Community Value First" is our strategic principle and we consider our decisions and prioritize resources and programs based on the impact to our customers and community.
Primary Responsibilities and Accountabilities:
•Responsible for all trade validation and confirmation processes, the accurate modeling of all trades, development of independent forward price curves and the daily validation of the risk system to ensure proper credit and risk reporting.
•Prepare, monitor counterparty credit exposure.
•Coordinate with counterparties and Legal Department on negotiation of contracts collateral agreements, guarantees, letters of credit, etc.
•Develop risk analysis and reports for the Risk Management Committee, Credit Risk Committee, Senior Management and the Public Utility Board.
•Participate in the development and implementation of risk policies and procedures.
Qualifications
•Experience energy markets preferred.
•Familiarity with credit risk management analytical methods and energy trading risk management (ETRM) software is a plus.
•Bachelor's degree in Finance, Accounting, Economics, Math or other technical/business discipline. Graduate degree a plus.
•Attention to detail with the ability to multitask.
•Strong communication and presentation skills.
•Ability to develop spreadsheet applications and learn other specialized software products.
•Demonstrated ability to work closely with peers in a team environment.
•Reliable, high level of integrity.
•Ability to work independently.
•Strong MS Excel capability.
•Experience using scripting language to automate processes, such as Java, Python, Visual Basic, SQL, or the like.
Selection Process & Supplemental Information
Interested individuals should apply online and attach a detailed resume and cover letter that includes job experience, major responsibilities and accomplishments related to this position. Applicants whose backgrounds most closely reflect the current needs of the department may be invited to participate in an interview. Reference checks will be conducted on final candidates and appointment is subject to passing a background check.