Sr. Risk Control Analyst
Wall Township, NJ
| Employer: | New Jersey Resources |
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Sr. Risk Control Analyst Wall Township, NJ, USA Req #2684 Monday, December 9, 2024 Energize your future and join our team as we pursue a reliable, sustainable, cleaner energy future. At our Fortune 1000 diversified energy company, you'll find a friendly, community-minded environment, with flexible work schedules, opportunities for growth and development, and competitive pay and benefits. New Jersey Resources is seeking a Sr. Risk Control Analyst to prepare risk reporting and system configuration to maintain the integrity of the data used for the analysis of all reporting and output. Utilize energy trading and system domain knowledge to design, implement, and provide support for enhancement projects. Work closely with the front, mid, and back office members to ensure compliance with the risk policy and provide regular and ad-hoc reporting. Contributes to the development, maintenance, and enhancement of business applications, providing specialized technical knowledge to applicable projects. Monitors and manages the credit risk associated with our counterparties in the unregulated and regulated trading businesses. As part of our commitment to employee development and organizational growth, the NJR Finance department is committed to providing challenging roles and career assignments. Employees are expected to support all areas of the Finance department, rotating into different roles to facilitate career growth and development as needed or as assigned. This approach is designed to broaden your skill set and knowledge base, foster a deeper understanding of our business and promote flexibility and adaptability within our organization. Major Responsibilities: • Monitor all trading activity for Natural Gas, Power and Renewables to facilitate reporting of risks, transaction capture and processing. • Maintain data integrity in system of record, Aligne. • Prepare risk reports and information from various systems to enable reporting and analysis in preparation for Risk Management Committee meetings. Manages meeting minutes, documentation and communications related to discussion items. Participates in the review and approval of Risk Management Guidelines. • Design, implement, and support enhancement projects utilizing energy trading and system domain knowledge. • Assist in the research, testing, and development of additional risk reporting tools as required. • Collaborate with IT to develop analytical tools to improve underlying risk system infrastructure. • Monitors control environment, including Sarbanes-Oxley requirements. • Prepare the reporting for each compliance documents for Dodd-Frank, Index Price and Canadian Import/Export. • Credit Risk: Evaluate the creditworthiness of counterparties by analyzing financial statements, credit reports, and other relevant data. o Monitor the credit risk exposure of counterparties and take appropriate action. o Prepare detailed reports on credit risk assessments and present findings to senior management. o Ensure all credit risk activities comply with internal policies and regulatory requirements. o Works closely with trading, legal, and compliance teams to manage and mitigate credit risk. • Performs special projects as assigned. • Work cross functionally with team to support all areas of finance as needed. *The major responsibilities of this role are reflective of the current duties and requirements of this position but are not all inclusive and are expected to evolve over time based on the needs of the business and availability of individual development opportunities. Position requirements: • Bachelor's degree in finance, business, economics, accounting or related field • 5 years of experience in a similar function within energy commodities • Working experience with risk management systems required; knowledge of SunGard/Aligne products preferred • Strong knowledge of hedging, risk management practices and the North American natural gas, power, and renewable markets preferred • Advanced ability to develop and maintain financial models (Excel, Power Bi, VBA, SQL) • Continuous improvement mindset, utilizing tools to streamline and automate objectives • Strong business analysis, research and problem solving skills • Technologically oriented with strong computer skills including proficiency with MS Office New Jersey Resources is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, gender identity and/or expression, national origin, disability, veteran, or other protected status. Other details
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