Financial Analyst, Risk Control

Financial Analyst, Risk Control

Risk Control is the independent risk monitoring and oversight function for the Southern Company Commercial Operations and Trading organization and for the Southern Power Company Commercial Optimization and Trading organization. As a member of the Risk Control group, you are responsible for monitoring and assessing the risks of the company’s asset optimization and trading activities and for supporting the risk policy and controls compliance. This includes valuation of positions, measurement of market and credit risks, monitoring of risk limits, and generating reports containing such information.

This position is located in Birmingham and is currently in office 4 days per week, subject to change.

JOB RESPONSIBILTIES

• Run valuation systems; analyze results and reports. Provide ad-hoc risk analyses and valuation.
• Perform analysis to support risk management policies, including volumetric limits, mark-to-market limits, and value-at-risk limits.
• Manage databases and information feeds / sources.
• Interface with IT to ensure systems are maintained, working properly, and modified as needed from time to time.
• Calculate and monitor credit risk and potential exposure; and take appropriate actions to notify management and traders of credit limitations and out of compliance situations.
• Communicate with counterparties related to credit limits and collateral requirements.
• Lead efforts to create and/or apply models to identify, measure, and monitor the possible risks associated with the Company’s asset optimization and trading activities.
• Build models to value non-standard products, including complex option structures.
• Evaluate new product offerings and trade strategies to appropriately identify and measure risk.
• Analyze commodity contracts (natural gas & electricity) to ensure all risk components are identified and appropriately monitored.
• Provide oversight of trader checkout and confirmation processes to ensure completeness and proper documentation.
• Identify opportunities for process improvement and develop implementation plans.
• Document and perform control activities necessary to comply with Sarbanes-Oxley.
• Assist in the development and maintenance of risk policies.

JOB REQUIREMENTS:

Education Requirement

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

Experience Requirement

• 1 to 5 years of relevant experience preferred
• Will consider new college graduates who meet the degree requirements
• Experience in financial and/or statistical modeling is preferred

Knowledge, Skills, and Abilities

• Ability to work in a collaborative team environment
• Ability to effectively communicate and coordinate with peers and management at various levels.
• Strong analytical skills required
• Familiarity with risk concepts such as value-at-risk, credit risk and market risk desired
• Familiarity with energy trading concepts desired
• Familiarity with valuation concepts (e.g., forward curves and implied volatility) desired
• General knowledge of energy markets preferred
• Proficiency with Excel is required and VBA, SQL and/or Power BI is desired.
• Attention to detail, ability to balance multiple tasks, good organizational skills, and ability to learn quickly.

About Southern Company

Southern Company (NYSE: SO ) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Through an industry-leading commitment to innovation, resilience and sustainability, we are taking action to meet customers' and communities' needs while advancing our goal of net-zero greenhouse gas emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture has been recognized by a variety of organizations, earning the company awards and recognitions that reflect Our Values and dedication to service. To learn more, visit www.southerncompany.com .

Southern Company invests in the well-being of its employees and their families through a comprehensive total rewards strategy that includes competitive base salary, annual incentive awards for eligible employees and health, welfare and retirement benefits designed to support physical, financial, and emotional/social well-being. This position may also be eligible for additional compensation, such as an incentive program, with the amount of any bonus/awards subject to the terms and conditions of the applicable incentive plan(s). A summary of the benefits offered for this position can be found here https://seo.nlx.org/southernco/pdf/SOCO-Benefits.pdf . Additional and specific details about total compensation and benefits will also be provided during the hiring process.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.

Job Identification: 14932

Job Category: Finance

Job Schedule: Full time

Company: Southern Company Services