Responsible for ensuring consistent policies, controls, metrics, and systems are in place to ensure compliance with the DME's Risk Policy. The role works closely with front and back office personnel to ensure complete portfolio integrity and determines where and how best to operate these controls.

Essential Functions:

• Ensures market risk processes and controls are run accurately, reliably, and in a timely manner.
• Maintains observable valuation inputs e.g., exchange prices, broker quotes, derivable volatilities, and correlations to risk calculations.
• Understands physical spot price assessments and the construction of forward curves.
• Administration of the Energy Risk Management Committee and the Energy Risk Management Policy.
• Manages all middle office functions and personnel including operation and maintenance of the Energy Trading Risk Management system, credit monitoring, positions monitoring, monitoring and reporting compliance with all aspects of the Energy Risk Management Policy and daily P&L reporting.
• Ensures knowledge around market risk reference data and forward curve construction is well documented for the benefit of the Energy Management Organization and DME upper management.
• Maps and documents processes, clarifies accountabilities, and simplifies interfaces to allow the smooth running of the risk department.
• Accelerates digitalization and automation to smooth the flow of information across the organization and to remove manual tasks.
• Understands risk at all parts during the life of a deal (end-to-end), interacts with the functional experts to help identify and suggest remediation to those risks.
• Creates and maintains appropriate processes for identifying, calculating and reporting factors impacting portfolio value and position change.
• Properly sets and monitors control policies for the portfolio as well as authority limit and other exposures.
• Develops, maintains, or improves analytical tools in support of risk measurement and management policies.
• Works across key departments to keep policies and procedures current in changing market conditions.
• Enables the implementation and configuration of appropriate risk management systems and tools to meet the business need.
• Serves as Secretary and a non-voting member of the Energy Risk Management Committee.
• Maintains regular and punctual on-site attendance.
• Works closely with General Manager, Assistant General Manager, Operations Division Manager, and Energy Management Organization.

Additional Duties:

• Performs other duties as assigned.

Minimum Qualifications / Acceptable Equivalency:

• Bachelor's degree in Accounting, Economics, Finance, Mathematics, or in a field related to the position.
• Ten (10) years of related work experience with a thorough understanding of financial, commodity and energy markets; derivative instruments and hedging techniques.

OR

• A Master's Degree in a related field or a CPA may be substituted for two (2) years of related work experience.

OR

• Any combination of related education, experience, certifications and licenses that will result in a candidate successfully performing the essential functions of the job.

Core Competencies:

• A strong understanding of ERCOT wholesale power market fundamentals, including but not limited to - LMP price determination, basis risk, load impacts and forward price curve dynamics.
• Ability to communicate effectively both verbally and in writing.
• Ability to form and maintain effective relationships with coworkers and customers.
• Ability to prioritize tasks and work efficiently to cope with many deadlines.
• Knowledge of commodities trading and tracking functions
• Knowledge or Energy Trading Risk Management (ETRM) systems
• Skilled in the use of computer applications for word processing, spreadsheets, databases, and presentations.
• Excellent organizational skills with the ability to apply them for activities tracking, documentation and project management.

Preferences:

• Bilingual in Spanish and English
• Experience with an electric utility Energy Management Organization
• Proficient in the operation of the following equipment: Personal computer with Windows operating system, Microsoft Office application suite, Microsoft Outlook email system and other DME computer applications used in the compliance and risk areas.

Conditions of Employment:

• Must have and maintain a valid Class "C" Driver's License and valid state required minimum automobile liability insurance prior to employment (must obtain Texas Class "C" driver's license and state required minimum automobile liability insurance within 90 days of hire per state law)
• Must pass a drug test, driver's license check, criminal history background check and social security number verification.
• Must be able to work overtime when requested.

Machines, Tools, Equipment and Work Aids:
The essential functions of this position require the use of a telephone and computer.

Environmental Factors:
This position requires some physical work in the field, around, in and on transmission equipment. The incumbent is required to work indoors in environmentally controlled areas and occasionally may be required to work outdoors, possibly during inclement weather.

This job description is not an employment agreement, contract agreement, or contract. Management has exclusive right to alter this job description at any time without notice.

About City of Denton

Denton is a community like no other – we’re welcoming, innovative, creative, diverse, unique, and authentic. The City is a vibrant and growing community with many opportunities, no matter what your interest or passion. You’re free to be whoever you are in a friendly atmosphere with a small town vibe that’s just a short drive away from the big city. And we invite your friends to discover Denton, too. Throughout its history, Denton has been known as a university town, home to two state universities, the University of North Texas and Texas Woman’s University. With a combined enrollment of over 50,000 students, the universities bring in a variety of cultural, sports, and entertainment amenities to the Denton community. In downtown Denton and just south of Denton is a campus for North Central Texas College, the oldest continuously operating two-year college in Texas. Public education is also important in Denton, with Denton Independent School District serving more than 27,000 students and 17 cities in a 180 square-mile district. Denton is known for its friendly, small-town feel paired with big-city amenities. Across Denton, there is a pulsating entertainment culture, featuring l...ive performing arts venues, music and film festivals, museums, and historical sites. Additionally, Denton is home to 30 parks, featuring 300 acres of open space, 3 recreation centers, a water park and community swimming pools, and hike and bike trails throughout the city. Nearby lakes, hiking trails, and state parks also to contribute to exciting outdoor recreation opportunities.

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