repsol · 19 hours ago
Natural Gas and Power Trading Risk Management Analyst
The Woodlands, TX
Full-time
Onsite
Entry, Mid LevelRepsol is a global energy company present throughout the whole energy value chain. The Risk Management Analyst monitors and interprets measures of economic performance as well as market risks with respect to Repsol's North American Natural Gas and Power trading activities.
FinanceFinancial ServicesFinTech
Responsibilities
Generating timely and accurate daily and end-of-month P&L along with market risk exposure reports
Prepare and communicate daily market briefs to the Risk organization
Support the execution of trade controls and engage with traders on market risk and valuation changes of physical and derivatives trading positions
Assist in the development, maintenance, and enhancement of valuation models for structured products and exotic derivatives, utilizing techniques such as Least Squares Monte Carlo (LSMC) in R/Python
Support the implementation and maintenance of quantitative risk models including Monte Carlo VaR, stress testing, scenario analysis, and dynamic volatility forecasting (GARCH, EWMA) using R/Python
Perform VaR backtesting and model validation, documenting findings for model improvement
Support the review of contracts and engage with traders to ensure accurate risk capture and valuation of trades in the ETRM system
Communication and dialogue with other business areas (Front Office, Back Office, Process Support, Accounting, Corporate Risk, Contracts)
Qualification
Required
The legal authorization to work in the US for any US employer
Bachelor's degree or higher in an analytical and numerical subject, preferably in Mathematics, Engineering, Finance, Computer Science, or Quantitative Finance
Strong quantitative and analytical foundation with exposure to stochastic modeling, Monte Carlo simulation, time series analysis, and derivatives pricing concepts
Experience in an energy-commodities trading environment, i.e. understanding of market risk concepts is a plus
Excellent ability to gather, analyze and synthesize information
Strong analytical problem solving and data analysis skills, with attention to detail
Proficiency with R and/or Python for quantitative analysis, including familiarity with libraries such as NumPy, SciPy, Pandas, statsmodels (GARCH/time series), scikit-learn (machine learning), and quantitative finance packages
Proficiency with MS Excel, VBA, SQL, and Tableau
Proficiency in English. Spanish is a plus
Preferred
Experience with ETRM systems (ideally Allegro) and with quantitative risk tools
Experience in risk modeling/developing risk models/analyzing structured transactions
Exposure to real option valuation techniques (e.g., Least Squares Monte Carlo) for valuing structured products such as gas storage, tolling agreements, and swing options
Knowledge of VaR methodologies and model validation including backtesting techniques
Experience with volatility forecasting models such as GARCH, EGARCH, or exponentially weighted moving average (EWMA) techniques
Knowledge of energy market fundamentals, including gas and power forward curves, volatility surfaces, and correlation structures
Company
repsol
What do you do with the energy that drives you every day? We strive to turn it into something useful for you—your decisions and your next steps.
Founded in 2011
10001+ employees
Funding
Current Stage
Late StageTotal Funding
$635.38MKey Investors
Schroders GreencoatEuropean Investment Bank
2025-03-26Private Equity
2023-07-25Debt Financing· $635.38M
Leadership Team
Hanno Vrolijk
CFO Renewables North America
Federico Toro
COO NA at Repsol LCG - Country Manager at Repsol Renewables US
Recent News
2025-10-25
2025-05-04
2024-11-05
Company data provided by crunchbase