Risk Analyst

Responsibilities

• Perform daily reporting to portfolio managers summarizing positions and MtM P&L
• Provide independent analysis of commodity positions and market price exposures to ensure compliance with company policy
• Identify and escalate market, reporting, or operational risks with recommended actions
• Perform daily reconciliation and validation of trading and pricing activities within ETRM systems
• Evaluate structured deals to ensure accurate deal capture and compare valuations with front office expectations
• Coordinate P&L actualization with settlement, scheduling, and operations groups
• Act as a subject matter expert for trading and risk management systems, such as Allegro

Requirements

• Bachelor's degree in Finance, Economics, Business, Risk Management, or a related quantitative field
• Minimum of 2 years of experience, preferably in the energy industry
• Proficiency in Microsoft Excel and strong desktop computer skills
• Understanding of mark to market (MtM) concepts
• Basic understanding of commodity trading, economic modeling, and power/gas physical deal valuations
• Strong attention to detail, analytical rigor, and problem-solving skills
• Ability to communicate effectively in both written and verbal formats

Preferred Qualifications

• Experience with commodity or financial transaction valuation and forward reporting
• Experience with data analysis and reporting tools such as Power BI, VBA, SQL, Python, or Power Automate
• Experience with Energy Trading and Risk Management (ETRM) systems like Allegro or Endur
• Basic knowledge of Gas Storage, Transportation, and renewable energy

About the Company

Calpine is America's largest generator of electricity from natural gas and geothermal resources. Operating in competitive power markets, Calpine serves customers across 22 states and Canada through wholesale power operations and retail businesses. The company is committed to environmental stewardship and utilizes advanced technologies to generate power in a low-carbon and environmentally responsible manner.