Sr Quantitative Analyst Position Available In Palm Beach, Florida

Requisition ID:

88538 NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers, and a key player in the energy markets in the United States and Canada. As a part of NextEra Energy Resources, we specialize in innovative energy strategies that maximize market value for our customers and stakeholders. Our team is skilled in market analysis, trading, risk management and delivering tailored customer solutions across North America. If you are a strategic thinker eager to make a significant impact in the fast-paced energy industry, join our team today. Position Specific Description
We’re in search of a highly skilled Sr. Quantitative Analyst to bolster our quantitative analytics team in trading risk management. The role will encompass validating, crafting, deploying quantitative models that assess risks intrinsic to energy and commodity markets. This position is located in Juno Beach, FL.

Responsibilities:

Model validation/improvement/development: Construct, validate, and fine-tune sophisticated risk models spanning market, credit and liquidity risk segments, e.g., VaR, PFE, EaR, funding and market liquidity
Model implementation: Translate algorithms or codes in other languages into efficient Python codes
Valuation modeling for price verification and model validation purposes: Value exotic products, e.g., weather derivatives and construct/validate valuation inputs for structured products, e.g., full-requirements/load following deals, long-dated deals

Continuous Enhancement:

Evolve and adapt risk models in response to shifting business strategies and dynamic market conditions

Scenario Exploration:

Undertake comprehensive scenario analyses and stress tests to gauge potential repercussions of adverse market conditions

Collaboration:

Work closely with cross-functional squads to guarantee seamless integration of risk models
High level of involvement in month-, quarter-, and year-end closing processes
Conform to SOX controls processes and innovate stronger controls Mentor junior colleagues in best quantitative practices

Preferred Qualifications:

Proven success on a leading power and gas trading floor as a quantitative analyst, or related roles
Excellent knowledge of power and gas markets, as well as other energy and traded markets
Experience as a quantitative analyst or related roles in a trading environment, 4+ years
Advanced degree in a quantitative discipline such as Financial Engineering, Mathematics, or related science and engineering fields
Strong programming skills in languages such as Python or SAS for conducting quantitative analysis, 4+ years
Excellent proficiency in Excel, Pivot tables and SQL
Good interpersonal communication skills
Exposure to regulatory expectations and industry standards concerning risk management practices including model risk management
Understanding of physical trading, derivatives, and financial products
Experience in the energy and commodity sector strongly preferred
Professional passionate about risk management

Desired Skills:

Expert in Python programming and distributed computing
Experience with Energy Trading Risk Management systems
Experience with ZEMA Data system Job Overview Employees in this role develop models, price energy derivatives, design and perform quantitative studies and analyses of spot/forward prices and volatilities for making pricing, trading, and risk management decisions. This position assists in the development of core algorithms and models to support trading, origination, and asset optimization decisions.

Job Duties & Responsibilities Develops and improves upon mathematical models and translates algorithms into code
Works with origination, risk management and trading to interpret valuations provided by models and responds to intra-day trading requests to price and evaluate structured transactions
Assists development of energy price forecast, forward curve, and volatility models
Designs and constructs risk management tools used in evaluating company’s risk profile and exposure levels
Performs other job-related duties as assigned Required Qualifications Bachelor’s Degree

Experience:

4+ years Preferred Qualifications Bachelor’s – Accounting / Finance
Master’s Degree
Doctorate – Business NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here to learn more.

Employee Group:

Exempt

Employee Type:

Full Time

Job Category:

Finance, Accounting & Business Analytics

Organization:

NextEra Energy Marketing, LLC Relocation Provided:

Yes, if applicable NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status. NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies. Please see our policy for more information.