Position Specific Description
The Trading Risk Management team is seeking a talented, experienced Credit Risk Analyst to join their group. The team supports the commodity trading activities of NextEra Energy Marketing and FPL. The successful candidate will be proficient in financial statement analysis, understand the drivers of credit risk rating models, and understand the credit exposure generated by transactions across different energy related commodities.
This role reports to the Director of Trading Credit Risk Management and is based at NextEra Energy’s headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.
Job Duties & Responsibilities
- Analyze counterparty credit risk profiles using financial analysis, rating agency data, and internal credit rating models in order to establish appropriate counterparty level credit ratings and exposure limits
- Perform periodic reviews for all counterparties within an assigned portfolio, looking for changes in credit risk profile and adjusting internal limits and trading restrictions as needed
- Monitor credit exposure across the existing portfolio to ensure compliance versus existing limits and identifying and escalating breaches and emerging risks as necessary up to senior management
- Partner with commercial, legal, market risk, and other internal teams to properly evaluate the credit risk exposure within transactions and structure agreements with credit terms that best protect the company
- Enforce existing risk policies and procedures in order to minimize credit, liquidity, and contingent risks to NextEra Energy
- Significant involvement in month-, quarter-, and year-end closing processes
- Conform to SOX controls processes and innovate controls improvements
- While this role has no direct reports, mentoring junior staff is an important aspect of this role
- Work closely with other risk functions to ensure a holistic approach to risk management
- Support systems upgrades, implementations, and automation projects
- Foster a risk aware culture, model high ethical standards, and be a champion for the company’s values of excellence, doing the right thing, and respect
Ideal Qualifications
- Proven success on a leading power and gas trading floor as a risk manager, product controller, trading operations, or related roles
- Knowledge of power and gas markets, as well as other energy and traded markets
- Understanding of physical trading, derivatives, and financial products
- Experience with financial statement analysis and understanding of credit risk metrics
- Ability to analyze and understand changes in credit exposure as well as potential credit exposure calculations
- Understanding of credit terms within energy master agreements such as ISDAs, NAESBs, EEIs
- Experience with Energy Trading Risk Management Systems, preference for implementation experience
- Degree in Finance, Accounting, Economics, or a related field; professional certification CPA or CFA a plus
- Proficiency with MS Excel and SQL; experience with PowerBI a plus
- Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach
- Professional passionate about risk management
Job Overview
Employees in this role perform analytical modeling to assess and minimize the company's exposure to credit risk, negotiation of transactional documents, counterparty credit risk assessment and scoring. The successful candidate develops reliable and timely risk management solutions for a complex portfolio of credit, liquidity and contingents risks. Individuals in this role identify, analyze and mitigate current and emerging risks from the applicable portfolio. In this position, employees are responsible for supporting the Manager of Credit Risk, accountable for the credit and liquidity risk management of a dynamic portfolio of counterparts engaged in the North American wholesale energy markets for NextEra Energy Resources.
Job Duties & Responsibilities
• Delivers robust fundamental credit risk analysis assessments of counterparts in a range of industry verticals including generating shadow ratings using best-in-class credit rating models• Proposes sensible credit limits for transactions with counterparts• Manages a portfolio of counterparts including exposure analysis, annual reviews, limit management, portfolio surveillance and derisking solutions• Partners with the commercial teams to negotiate transaction structures as well as master agreements• Works with a range of insurance companies / banks to deliver credit risk mitigation options to support business development• Performs other job-related duties as assigned
Required Qualifications
• High School Grad / GED• Bachelor's or Equivalent Experience• Experience: 2+ years
Preferred Qualifications
- Bachelor's Degree
- Chartered Financial Analyst (CFA)
