Risk Control Program Manager (Mid Office) at City of Austin | Austin, TX, US | Rezi

Risk Control Program Manager (Mid Office) at City of Austin

Risk Control Program Manager (Mid Office)

City of Austin · Austin, TX, US

2 weeks ago

Risk Control Program Manager (Mid Office)

City of Austin · Austin, TX, US

20 days ago
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About the Role

Austin Energy, a community-focused electric utility, seeks an experienced leader for its Middle Office and Market Settlements team. This role manages power market settlements, counterparty credit risk, electric market rules, hedge program reporting, and trade policy compliance.

Responsibilities

  • Provides risk control functions to ensure compliance with City, ERCOT, FERC, and Austin Energy policies, protocols, and rules.
  • Advises the Risk Oversight Committee, Chief Risk Officer, and other parties on program compliance, performance, and risks.
  • Oversees the implementation of systems for monitoring compliance and performance of trading and risk management operations.
  • Leads the development and implementation of internal processes for monitoring, evaluating, and reporting on trading, insurance, claims, infrastructure, and risk management operations.
  • Trains staff and managers on trading, insurance, claims, infrastructure, and risk management rules and processes.
  • Manages credit risk for trading and risk management operations and AE's credit requirements with ERCOT.
  • Represents AE in ERCOT protocol development activities.
  • Provides liability and risk strategies to AE’s Management/Executive Team and works with the City’s Litigation team.
  • Conducts and reviews infrastructure billing and collections.
  • Manages the Austin Energy enterprise risk management function.
  • Responsible for full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.

Requirements

  • Graduation with a Bachelor's degree in a related field, plus six (6) years’ experience in risk management, finance, or related fields, with two (2) years in a lead/supervisory capacity.
  • Graduation with a Master’s degree in a related field may substitute for two (2) years of experience.
  • Experience generating quantitative and qualitative results for valuation, risk, credit risk management, and performance measurement for a trading operation.
  • Experience in managing power settlements with an Independent System Operator (ISO), such as ERCOT, including verifying settlements, reporting on revenue categories and charge groups, and managing ISO disputes.
  • Knowledge of best practices in governance, checks and balances, and audit support for trading and fuel purchase programs.
  • Experience in negotiating, valuing, and/or settling utility-scale Power Purchase Agreements for renewable electric power or other complex, long-term commodity contracts.
  • Skill and experience in leading complex projects to successful completion.

Skills

  • Knowledge of wholesale fuel and energy market and evolving industry and regulatory development and impact on fuel and energy industry.
  • Knowledge of applicable processes, techniques, and methods in area of utility financing, energy risk management.
  • Knowledge of Credit Risk Management.
  • Knowledge of Liability, Claims, Infrastructure and Property Insurance.
  • Knowledge of Federal, State, and Local laws and ordinances governing risk management in the electric utility industry.
  • Knowledge of electric industry reliability practices, policies, and procedures, and standards.
  • Knowledge of Austin Energy’s wholesale power and fuel requirements.
  • Knowledge of fiscal planning and budget preparation including financial regulatory and managerial accounting practices and FERC requirements.
  • Knowledge of supervisory and managerial techniques and principles.
  • Skill in risk metrics analysis and financial and physical portfolio.
  • Skill in oral and written communication.
  • Skill in planning and organization.
  • Ability to work with frequent interruptions and changes in priorities.
  • Ability to train others.
  • Ability to quickly recognize and analyze irregular events.

Location

  • 4815 Mueller Blvd, Austin Texas 78723

Work Type

  • Onsite
  • Critical Employee

Experience Level

  • Lead/Supervisory

Education Level

  • Bachelor's degree
  • Master's degree

Salary/Compensations

  • Salary is commensurate with experience and the approved salary range.

Benefits

  • Generous leave
  • Work-life balance programs
  • Extensive benefits
  • City of Austin Employees' Retirement System
  • Access to public transit
  • Bike-friendly infrastructure
  • Wellness programs
  • On-site fitness centers
  • Mental health support
  • Professional development opportunities
  • Leadership opportunities

About the Company

  • Austin Energy is a community-focused, vertically integrated electric utility with market-leading track records in technology innovation, customer assistance, and environmental leadership.
  • At the City of Austin, we are more than just an employer—we are a vibrant community dedicated to shaping one of the nation's most dynamic and innovative cities.
  • As we strive to fulfill our commitment as public servants, it is important that we ground our efforts in a set of guiding principles – Empathy, Ethics, Excellence, Engagement, and Equity – that anchor our delivery of services that significantly impact the lives of Austinites.
  • Joining the City of Austin means embarking on a purposeful career, contributing to the community, and being part of a forward-thinking organization that values every employee.
  • Make a Difference: Join a team driving meaningful change in one of the fastest-growing cities in the nation.
  • Value and Innovation: Work in an environment where employees are valued, and innovation thrives.
  • Competitive Benefits: Enjoy a comprehensive compensation package that includes generous leave, work-life balance programs, and extensive benefits.
  • Retirement Security: Plan for the future with the City of Austin Employees' Retirement System.
  • Sustainable Transportation Options: Commute easily with access to public transit and bike-friendly infrastructure.
  • Focus on Wellness: Stay healthy through wellness programs, on-site fitness centers, and mental health support.
  • Career Growth: Advance your skills and expertise with professional development and leadership opportunities.
  • Modern Workspaces: Work in innovative and sustainable environments that foster collaboration and inspiration.
  • By joining us, you become part of a community that values its people and is committed to making Austin the most thriving and resilient city in the country.

Equal Opportunity

  • The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation.
  • In addition, the City will not discriminate in employment decisions on the basis of an individual's AIDS, AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.
  • City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.