Southern Company Financial Analyst, Risk Control in Birmingham, Alabama
Financial Analyst, Risk Control
Risk Control is a part of the Southern Company Finance organization that reports through Treasury. Risk Control serves as the independent risk monitoring and oversight function for the Southern Company Commercial Operations organization and for the Southern Power Company. As a member of the Risk Control team, the successful candidate will be responsible for monitoring and assessing the risks of the company’s asset optimization and trading activities; and supporting risk policy and controls compliance. This includes valuation of power and gas positions, measurement of market and credit risks, monitoring of risk limits, and generating reports containing such information.
This position is located at the Energy Center in Birmingham, Alabama and reports to the Manager of Risk Control.
Support adherence to the Southern Company Risk Policy including monitoring, oversight, and interpretations of the policy
Run valuation systems; analyze results and reports. Provide ad-hoc risk analyses and valuation.
Perform quantitative studies to support risk management policies, including credit limits, volumetric
limits, and value-at-risk limits.
Assist in the creation and maintenance of tools to support valuation of non-standard energy products
Interface with IT to ensure systems are maintained, working properly, and modified as needed from time
Calculate and monitor credit exposure, mark-to-market valuation and value-at-risk exposure; and take appropriate actions to notify management and traders of credit limitations and out of compliance situations
Support management reporting including the completion of committee meeting presentations and communications
Document and perform control activities necessary to comply with internal policies and Sarbanes-Oxley
Bachelor’s degree in technical or analytical field (e.g. Engineering, Finance, Economics, Mathematics, or similar field)
MBA or advanced degree in these areas is a plus, but not required
Experience or a working knowledge of energy trading, wholesale contracts, power system operations, competitive energy markets, system planning, and production costing is desired.
Financial and/or statistical modeling experience is strongly preferred
Knowledge, Skills, and Abilities
Proficiency with standard analytical and business software such as Microsoft Office
Self-starter with attention to detail, ability to balance multiple tasks, good organizational skills, and ability to learn quickly
Natural curiosity to learn new concepts with a questioning attitude to develop new methods
Comfort working in a fast-paced environment
Familiarity of risk concepts such as credit risk, exposure, and valuation
General knowledge of energy markets
Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, 21st century coal, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by DiversityInc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.
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 Field: Engineering
Job Type: Standard
Primary Location: Alabama-Metro Birmingham/Eastern AL-Birmingham
Operating Company: Southern Company Services
Job Type: Standard
Travel (Up to...): No
The Energy Center - 3535 Colonnade Parkway (3535Birmingham)
3535 Colonnade Parkway
Req ID: SCS2008018