Principle Financial Analyst – Risk Control & Treasury

Principal, Financial Analyst - Risk Control & Treasury

Risk Control is the independent risk monitoring and oversight function for Southern Company Commercial Operations and & Trading and Southern Power Commercial Optimization & Trading organizations.  As a member of the Risk Control group, you will be responsible for monitoring and assessing the risks related to the company’s asset optimization and trading activities, while supporting risk policy and control compliance.  This includes position valuation, market and credit risks management, monitoring risk limits, derivative accounting, performing controls related to energy trading, and negotiating master trading agreements.

Treasury is responsible for managing Southern Company’s $74B+ debt portfolio, managing liquidity and external financings for Southern Company and each of its subsidiaries, and evaluating/setting credit and collateral requirements for various subsidiary customers, among other responsibilities.

JOB RESPONSIBILTIES

Direct

• Engage with traders to understand products and strategies to evaluate risk and implement appropriate risk management policies.

• Engage with Treasury Capital Markets and Banking Products teams to evaluate structured products related to efficiently financing the business

• Develop and run risk models to measure and monitor market and credit risk associated with the Company’s asset optimization, trading, and other contracting activities, including value-at-risk, stress testing and scenario analysis.

• Collaborate with Company’s Analytical Solutions team to evaluate risk around various aspects of the business

Other

• Maintain and develop forward curves used in the daily portfolio valuation.

• Execute daily trade confirmation processes to ensure completeness and proper documentation. 

• Perform daily price reporting to external price index developers.

• Establish and monitor counterparty credit limits and exposure to ensure appropriate credit and collateral (PGs, LCs, Cash & Surety Bonds etc.), including margining activities.

• Partner with IT to support and enhance risk systems to ensure they are maintained and working properly.

• Perform effectiveness testing and correlation analysis in order to maintain hedge accounting treatment.

• Perform month-end and quarter-end derivative accounting analysis and SOX related controls.

• Perform analysis and assist in the development and maintenance of risk policies and controls.

• Negotiate and execute master trading agreements and credit support agreements.

• Present risk exposure and insights to the Southern Company and Southern Power Risk Oversight Committees.

• Identify and lead automate initiatives to streamline risk control processes to improve efficiency and accuracy.

JOB REQUIREMENTS

Education Requirements

• Minimum of a bachelor’s degree in finance, economics, accounting, mathematics, statistics, engineering, or similar field is required unless specific knowledge and experience can be demonstrated. 

• A relevant advanced degree or on-going progress towards an advanced degree or certification (e.g., CFA, FRM) in a relevant field is preferred.

Minimum Requirements

• 7+ years of experience in risk management, financial modeling, or treasury 

• Advanced quantitative and analytical skills, with the ability to present quantitative information to all audiences.

• Advanced proficiency/skills in AI applications, Excel (including VBA macros), SQL or Python.

• Ability to build relationships and communicate effectively with stakeholders.

Preferred Candidates - Knowledge, Skills, and Abilities

• Knowledge of financial theory and quantitative methods with application to risk management and corporate finance.

• Value-at-risk, stress testing, scenario analysis, and other market risk techniques

• Knowledge of energy markets and trading instruments (forwards, futures, swaps, and options), including valuation methodologies.

• Knowledge of interest rate and forex risk management and associated market products.

• Experience building dashboards and automated reporting solutions (e.g., Power BI).

• Experience developing SQL stored procedures, queries, or data pipelines.

• Ability to understand/learn IT systems specific to Risk Control and how they interface with one another.