Risk Analyst or Senior

About the position Idaho Power — located in vibrant Boise, Idaho — is looking for a Risk Analyst or Senior to join our Treasury Services team. It’s an exciting time to work for Idaho Power. Our work plays a critical role in communities we serve across Idaho and Oregon, and we’re working hard to provide our customers with the safe, reliable, affordable energy they depend on. While this position is based at Idaho Power’s downtown Boise location, we offer both flexible schedules and the opportunity to work up to 40% remote. Relocation assistance may also be provided to the successful candidate. What does a Risk Analyst or Senior do for us? They identify, evaluate, monitor and analyze Idaho Power’s market and credit risk. They ensure alignment with the Energy Risk Management Policies and Standards and Credit Risk Management Standards. They work cross-functionally to gain alignment, understanding, and develop metrics for compliance with credit and risk programs. Manages risks pertaining to power and gas transactions, vendor and supply chain transactions, asset acquisitions, energy market transactions such as interconnection and transmission arrangements, and derivatives and commodity risk management instruments. Oversees the daily valuation and long-term position reporting of the risk portfolio (market and credit). Ensures identification and capture of risk trades and structured deals are accurate in the system of record. Monitors risk exposures to ensure they are within risk policy guidelines. Performs counterparty credit monitoring for various business units, develops various metrics for analyzing counterparty risk, recommends appropriate credit risk mitigation for the enterprise, including collateral and third-party assurance requirements and ensures the adequacy of the terms and conditions of the assurance. Negotiate and draft complex commercial agreements, including energy-market contracts (e.g., NAESB, ISDA, REC agreements) or comparable financial, commodity, or structured contracts. A Senior Risk Analyst also leads and assists other risk analysts in the operational activities of the risk team. They develop and report on Risk Management metrics associated with compliance within functional responsibility. They prepare daily and monthly credit or risk reports, SOX reporting requirements, 10 Q/10 K risk reports and/or counterparty reconciliations. They are a subject matter expert on risk and key regulatory guidelines that impact assigned responsibilities. Primary point of contact for risk questions during manager’s absence. In addition to the meaningful work we do, we offer work-life balance, competitive pay and benefits, an employee incentive plan, and both a 401k employer-match and a pension plan, making Idaho Power one of the best employers in the state.

Responsibilities

• Identify, evaluate, monitor and analyze Idaho Power’s market and credit risk.
• Ensure alignment with the Energy Risk Management Policies and Standards and Credit Risk Management Standards.
• Work cross-functionally to gain alignment, understanding, and develop metrics for compliance with credit and risk programs.
• Manages risks pertaining to power and gas transactions, vendor and supply chain transactions, asset acquisitions, energy market transactions such as interconnection and transmission arrangements, and derivatives and commodity risk management instruments.
• Oversee the daily valuation and long-term position reporting of the risk portfolio (market and credit).
• Ensure identification and capture of risk trades and structured deals are accurate in the system of record.
• Monitor risk exposures to ensure they are within risk policy guidelines.
• Perform counterparty credit monitoring for various business units, develops various metrics for analyzing counterparty risk, recommends appropriate credit risk mitigation for the enterprise, including collateral and third-party assurance requirements and ensures the adequacy of the terms and conditions of the assurance.
• Negotiate and draft complex commercial agreements, including energy-market contracts (e.g., NAESB, ISDA, REC agreements) or comparable financial, commodity, or structured contracts.
• Develop and report on Risk Management metrics associated with compliance within functional responsibility.
• Prepare daily and monthly credit or risk reports, SOX reporting requirements, 10 Q/10 K risk reports and/or counterparty reconciliations.
• Serve as a subject matter expert on risk and key regulatory guidelines that impact assigned responsibilities.
• Serve as primary point of contact for risk questions during manager’s absence.

Requirements

• Knowledge of: Finance, derivatives, and accounting
• Utility finance/credit, NAESB, ISDA, WSPP, netting agreements, long-form confirmations, corporate guarantees, letters of credit and other related agreements with counterparties
• Market risk control practices and the energy marketing function
• Familiar with detailed reconciliations and prope

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