Risk Quantitative Specialist
Date: Nov 21, 2024
Location: RICHMOND, VA, US, 23219
Company: Dominion Energy
Dominion Energy is committed to providing reliable, affordable, and increasingly clean energy that powers our customers every day. If you want to work for a purpose-driven company that values safety and collaboration, we’re looking for you. You won’t just find a job here; you’ll find your career. Review the position below and apply today.
We offer a hybrid 3-2 work schedule (three days in the office, two days of teleworking) to accommodate the need for flexibility.
Military service members and veterans with ranks from E5-E9, W1-CW5, or O3-O6, plus appropriate equivalent combination of education and years of experience as outlined below will be considered for this opportunity.
At this time, Dominion Energy cannot transfer or sponsor a work visa or employment authorization for this position.
This position does not offer relocation assistance.
Job Summary
Responsible for oversight and development of risk-management metrics and analysis utilized throughout the Enterprise in valuation and analysis of complex energy trading products, business/asset valuations, and risk assessment. Develops the latest financial valuation models of standard and complex, structured energy trading products. Analyzes and dissects gas and power structured deals into the appropriate risk components and determines or develops the appropriate methodology to properly value the components and offsetting hedges. Provides technical and expert level support to develop and monitor corporate strategy relating to risk management. Analyzes market price curves and develops correlations for utilization in the valuation of complex energy commodities and financial derivatives. Develops and implements financial mathematics models to generate volatilities for utilization in asset valuations and mark to market accounting. Responsible for maintaining and updating SAS code, database, and reports used by Risk Management, Accounting, Finance, and Business personnel to make planning and forecast decisions as well as financial reporting. Responsibilities include presenting and explaining valuations and models to internal and external customers including audit and state or government regulators.
Required Knowledge, Skills, Abilities & Experience
7-8+ years of the latest financial valuation models of standard and complex, structured energy trading products experience.
- Extensive quantitative background including the ability to understand and correctly apply the latest valuation methodology to complex energy transactions as well as develop and prove more advanced methodologies than currently exist in the industry.
- Extensive analytical skills that include the ability to break down potential and existing transactions into the correct risk components and ensure that the components are correctly valued for internal analysis and mark to market valuation which can have a significant impact on company earnings.
- In-depth knowledge of options and the Greeks (delta, gamma, vega, theta, rho) and their effect on physical/financial positions and valuations.
- Extensive knowledge of financial mathematics, risk management, trading products and hedging strategies, the energy industry, regulatory requirements, and accounting standards and practices.
- In-depth knowledge and extensive experience with econometric/statistical modeling.
- Skills: Organizational; interpersonal; verbal and written communication, analytical.
- Aptitude for continuous learning.
- Extensive knowledge of computer spreadsheet and database applications.
- Extensive experience with and proficient with most of the following programming languages: SAS, C/C++, Java, Visual Basis, and HTML.
Education Requirements
Required Degree (equivalency not accepted in lieu of required degree): Bachelor
A Masters or PhD preferred.
Preferred Disciplines: Business, Economics, Finance, Mathematics, and/or Financial Mathematics
Other disciplines may be substituted for the preferred discipline(s) listed above.
Licenses, Certifications, or Quals Description
Working Conditions
Other Working Conditions
Test Description
Export Control
Certain positions at Dominion Energy may involve access to information and technology subject to export controls under U.S. law. Compliance with these export controls may result in Dominion Energy limiting its consideration of certain applicants.
Other Information
We offer excellent plans and programs for employees. Employees are rewarded with a competitive salary and comprehensive benefits package which may include: health benefits with coverage for families and domestic partners, vacation, retirement plans, paid holidays, tuition reimbursement, and much more. To learn more about our benefits, click here dombenefits.com.
Dominion Energy is an equal opportunity employer and is committed to a diverse workforce. Qualified applicants will receive consideration for employment without regard to their protected veteran or disabled status.
You can experience the excitement of our company – it's the difference between taking a job and starting a career.
Nearest Major Market: Richmond
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