What are the responsibilities and job description for the Specialist, Treasury position at National Grid?
As part of National Grid’s continued commitment to safety, all new hires must be fully vaccinated against COVID-19. Anyone unable to be vaccinated, either because of a sincerely held religious belief or medical reason can request a reasonable accommodation.
About us
National Grid is hiring an Analyst for our Risk Management department in Hicksville, NY.
Every day we deliver safe and secure energy to homes, communities, and businesses. We are there when people need us the most. We connect people to the energy they need for the lives they live. The pace of change in society and our industry is accelerating and our expertise and track record puts us in an unparalleled position to shape the sustainable future of our industry.
To be successful we must anticipate the needs of our customers, reducing the cost of energy delivery today and pioneering the flexible energy systems of tomorrow. This requires us to deliver on our promises and always look for new opportunities to grow, both ourselves and our business.
Job Purpose
The Analyst reports to the Manager Qualitative Risk and Compliance. The Analyst plays a key role in ensuring the organization's energy procurement risk management policies, and strategies are in compliance with applicable state/federal regulations, and strategic imperatives of the organization. This position will be instrumental for driving the company’s qualitative energy procurement risk management framework forward inline with best practice.
This role provides a direct support for communication with internal/external auditors and compliance with their requests and deadlines. This role will work closely with the other members of Risk Management team to ensure the timeliness and quality of their responses to audits and compliance requirements such as SOX, Dodd-Frank and EMIR. This role will be also responsible for transaction confirmations, contracts and indices reporting processes.
Key Accountabilities
- Maintain and monitor Energy Risk control framework
- Manage daily risk control processes.
- Manage transaction Confirmation process (including Monthly, AMAs and other complex deals)
- Work closely with traders verifying accuracy of the trading tickets and Allegro deal entries
- Manage internal and external audits including tracking of agreed management actions
- Coordinate risk management committee meetings and documentation requirements
- Analyze and manage documentation of transaction strategies proposed by energy traders
- Assist Manager in the development and implementation of risk policies/procedures
- Assist with commodity contract administration, including negotiation of financial and physical master agreements
- Coordinate quarterly financial reporting activities and produce EPRM final document
- Communicate with external and internal stakeholders
Qualifications
- Knowledge of transaction confirmation and indices reporting processes
- Knowledge of Energy Risk Management and Compliance
- Familiarity with Energy contracts such as ISDAs, NAESBs, and MPAs
- Familiarity with Energy Risk Management compliance requirements including SOX, Dodd-Frank, and EMIR
- Experience with auditing processes
- Strong leadership, organizational and communication skills
- Proficiency in Microsoft Office
- Bachelor’s degree in Finance, Accounting or Economics, MBA or Master’s degree in Finance, Accounting, or Economics preferred
- Knowledge of Allegro Horizon Energy Transaction Risk Management system is a significant plus
More Information
This position has a career path which provides for advancement opportunities within and across bands as you develop and evolve in the position; gaining experience, expertise and acquiring and applying technical skills. Candidates will be assessed and provided offers against the minimum qualifications of this role and their individual experience.
National Grid is an equal opportunity employer that values a broad diversity of talent, knowledge, experience and expertise. We foster a culture of inclusion that drives employee engagement to deliver superior performance to the communities we serve. National Grid is proud to be an affirmative action employer. We encourage minorities, women, individuals with disabilities and protected veterans to join the National Grid team.
