Southern Company Manager, Risk Control in Atlanta, Georgia
Manager, Risk Control
As a key member of Southern Company Gas’s Retail Business Risk Management organization, the primary purpose of this position is to lead a team of professionals responsible for managing risk governance routines and control processes for ensuring that commercial businesses sales, supply procurement and hedging activities are performed in accordance with internal policies and governmental regulations. The position manages the analysis, identification, valuation and reporting of portfolio risks related to market, regulatory, and internal compliance. The position supports the maintenance and upgrade of the Energy Trading & Risk Management (ETRM) trade capture system, manages commodity pricing inputs and addresses internal/external audit inquiries.
Job Responsibilities & Accountabilities
Ensures consistent application and leads validation efforts covering risk control, reporting, review and establishes associated policy requirements.
Identifies, measures, and oversees the reporting and communication of financial risks and daily changes/shifts in the portfolios, P&L via the preparation, analysis, review, and distribution of the Daily Position Report (DPR) and other ad-hoc reporting.
Responsible for position limit monitoring, stress testing, Value at Risk, mark-to-market valuations, and compliance with internal policies.
Monitors the daily market pricing feeds and validates completion and accuracy
Working collaboratively with the IT Department conduct testing and recommend improvements to the Energy Trading and Risk Management platform as well as supporting other technical-related processes.
Provides technical support and provides recommendations to the commercial organizations for modeling and mitigating the risk impacts of contemplated deal structures.
Monitors and provides recommendations covering risk control forms, policies, and procedures consistent with the requirements of internal departments, prescribed policy guidelines and external regulatory requirements.
Manages contract administration, transaction validation/confirmations, and access to trading and confirmation platforms to ensure the integrity, validity and accuracy of transactions captured, scheduled, and ultimately reported.
Analyzes complex problems, researches and organizes solutions and effectively presents recommendations via written and verbal presentations to varied levels within the organization.
Assesses and evaluates the design and validation of key Sarbanes Oxley, financial reporting internal control structures, recommending solutions to mitigate identified risks and changes in business processes.
Oversees verification of storage and imbalance positions and associated valuation, coordinating with the financial and physical trading, accounting organizations.
Ensures compliance with established risk management policies and procedures.
Ensures consistent form and content, and compliance with contract administration policies, procedures, and company standards.
Manages Dodd-Frank, SEC, and FERC reporting and compliance.
Works closely with Legal to identify possible policy, legal and/or regulatory prohibitions and ensure consistent application of controls.
Proactively works with Commercial Operations team.
Collaborates with the Accounting team to ensure reporting compliance.
Collaborates with internal team members to reconcile outstanding contract items and communicates resolution to Risk leadership, stakeholders, and senior leadership.
Active participation in transaction structuring and negotiation of terms.
Develops direct reports through effective and timely leadership, mentoring, motivation, and training.
Manages direct reports personal performance.
- Bachelor’s degree in accounting, finance, mathematics, business management, or related field
Minimum of 5 years of middle office experience in the energy and/or financial markets.
2 years people management / leadership experience.
Understanding of utility operations and the wholesale and retail natural gas (or power) markets.
Experience with a wide range of commodity hedging strategies including physical and financial forwards, basis swaps and option strategies and knowledge of associated markets such as ICE, NYMEX, OTC, etc.
Experience with Energy Trading & Risk Management (ETRM) systems.
Skills & Knowledge:
MS Excel - advanced proficiency
MS Word & PowerPoint – intermediate proficiency
Understanding of risk system infrastructure including key processes and data flows
Strong analytical and organizational skills
Strong commercial awareness
Ability to multi-task and prioritize workflow
Ability to design/implement control practices
Ability to communicate and elevate issues concisely
Exemplary interpersonal, written, and oral communication skills
Excellent influencing, facilitation, and partnering skills
Must be able to interact with upper management and lead business-related discussions
Must be self-motivated and require minimal supervision
Ability to work independently, remotely, and productively with cross-functional teams.
Openlink Endur experience
Based in mid-town Atlanta, Georgia this position will involve office work and occasional to frequent telecommuting. The incumbent must be able to adapt, have self‐discipline and be comfortable working separately from their core team, which will require frequent phone, video, email and instant messaging interaction. Occasional travel may also be required.
The work environment is dynamic, fast-paced, and challenging with competing demands. Significant time may be spent working within an office cubicle doing work on desktop or laptop computer with significant keyboard/mouse time. The incumbent is frequently required to sit, use their hands, and communicate verbally and may occasionally have to lift or move up to 20 pounds.
This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of duties, responsibilities and qualifications required in the job. Reasonable accommodations may be made to qualified disabled individuals for performance of essential duties and responsibilities.
Southern Company Gas provides for the energy needs of millions of U.S. households and businesses. As the largest natural gas-only distribution company in the United States, with more than 150 years of history behind us, we're working to ensure that Americans have access to an abundant, safely delivered supply of natural gas for decades to come. We offer our customers a wide range of energy services under one umbrella: seven regulated utilities as well as non-regulated businesses that offer retail, wholesale and storage services.
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries as of Jan. 1, 2019. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services . Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. To learn more, visit 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: Energy Trading
Job Type: Standard
Primary Location: Georgia-Metro Atlanta-Atlanta
Operating Company: SouthStar Energy Services
Job Type: Standard
Travel (Up to...): Yes, 25 % of the Time
SouthStar Energy Services - 817 W. Peachtree St., NW (817AtlantaCODE)
817 W. Peachtree St., NW
Req ID: GAS2003614