Senior Associate, Risk and Structuring Analytics at Clearway Energy | CA, US | Rezi

Senior Associate, Risk and Structuring Analytics at Clearway Energy

Senior Associate, Risk and Structuring Analytics

Clearway Energy · CA, US

1 months ago

Senior Associate, Risk and Structuring Analytics

Clearway Energy · CA, US

a month ago
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About the Role

Clearway Energy seeks a Senior Associate of Risk and Structuring Analytics to develop quantitative models for BESS valuation, structured products pricing, gas generation optimization, and power market analysis, while also quantifying and monitoring associated risk exposures. This role involves building and enhancing Clearway’s internal quantitative modeling platform (CWENQuant), developing advanced BESS dispatch optimization and price forecasting models, and providing independent risk analytics to inform commercial decisions.

Responsibilities

  • Develop and deploy complex optimization models and quantitative analysis for BESS dispatch optimization, renewables, gas generation, and data center infrastructure projects.
  • Develop Stochastic or Machine Learning / Deep Learning models to forecast DA, Ancillary, and RT prices based on fundamental variables.
  • Develop and maintain gas dispatch, HRCO, and other structured pricing models; perform mark-to-market analysis; support due diligence, underwriting, and credit analytics.
  • Refine vendor models or develop in-house models for capacity expansion considering market policy, LCOEs, retirements, transmission, reliability, and demand growth.
  • Benchmark models against actual operations and market outcomes to improve forecast accuracy and optimization.
  • Build and enhance CWENQuant; develop data pipelines; create automated workflows and market data dashboards.
  • Design and maintain mark-to-market (MtM), Value-at-Risk (VaR), and Profit-at-Risk (PaR) frameworks.
  • Run scenario, sensitivity, and stress-testing analyses to quantify tail risk in the portfolio.
  • Quantify hedge effectiveness and basis risk for structured transactions, PPAs, and tolling/HRCO arrangements; recommend hedge adjustments.

Requirements

  • Bachelor’s degree in Engineering, Finance, Mathematics, Statistics, Economics, or a related field.
  • 3+ years of quantitative or modeling experience within the energy sector.
  • Working experience developing ML/DL models using scikit-learn, Keras, or TensorFlow.
  • Experience with linear/Mixed Integer programming and associated tools like PuLP, Gurobi, CPLEX, etc.
  • Strong quantitative background with deep hands-on experience coding in Python.
  • Knowledge of BESS, renewable, and conventional (gas) assets, HRCO, and toll modeling.
  • Strong understanding of power market economics, wholesale market structure, and asset operations in ISO markets.
  • Proven ability to build optimization models and stochastic or ML/DL forecasting frameworks.
  • Understanding of option pricing, volatility, game theory, opportunity cost, and optimization.
  • Ability to formulate and articulate viewpoints clearly and persuasively.
  • Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately.
  • Ability to work well in a fast-paced, team-oriented, collaborative environment.
  • Strong interpersonal, analytical, and problem-solving skills.

Skills

  • Python
  • scikit-learn
  • Keras
  • TensorFlow
  • PuLP
  • Gurobi
  • CPLEX
  • BESS
  • Renewable energy assets
  • Gas assets
  • HRCO
  • Toll modeling
  • Power market economics
  • Wholesale market structure
  • ISO market operations
  • Optimization modeling
  • Stochastic modeling
  • Machine Learning
  • Deep Learning
  • Price forecasting
  • Option pricing
  • Volatility
  • Game theory
  • Opportunity cost
  • R
  • SQL
  • ETRM systems
  • MtM model validation
  • VaR model validation

Location

  • US

Work Type

  • Hybrid

Experience Level

  • Senior
  • 3+ years

Education Level

  • Bachelor's degree
  • Master's degree
  • PhD

Salary/Compensations

  • $140,000—$178,000 USD

Benefits

  • Annual cash bonus
  • Generous PTO
  • Medical, dental & vision care
  • HSAs with company contributions
  • Health FSAs
  • Dependent daycare FSAs
  • Commuter benefits
  • Relocation
  • 401(k) plan with employer match
  • Variety of life & accident insurances
  • Fertility programs
  • Adoption assistance
  • Generous parental leave
  • Tuition reimbursement
  • Benefits for employees in same-sex marriages, civil unions & domestic partnerships

About the Company

  • Clearway Energy Group is leading the transition to a world powered by clean energy.
  • Their portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.5 GW of conventional dispatchable power generation.
  • Clearway's operating fleet generates enough reliable electricity to power more than 3 million homes today.
  • Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego.
  • Clearway is committed to balancing flexibility while fostering strong relationships with their teammates.
  • They prioritize corporate new hires based near one of their offices in San Francisco, San Diego, Scottsdale, Houston, Denver, & Princeton.
  • Office-based employees work together from their offices on Tuesday, Wednesday & Thursday to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.
  • Site-based employees collaborate in-person daily to keep locations operating safely and efficiently while fostering strong relationships within their local communities.

Equal Opportunity

  • Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise.
  • They intentionally foster a culture of inclusion that empowers employees to deliver superior performance to the communities they serve.
  • They encourage minorities, women, individuals with disabilities & protected veterans to join the team.
  • Clearway is a proud promoter of employment opportunities for their Military & Veterans.
  • Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances, and regulations for all applicants and employees.
  • They will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified.
  • Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws, ordinances and regulations for all applicants and employees.