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Cleco Risk Analyst - Commodity Controls in Pineville, Louisiana

Depending on the volume of applications, this position may close to external applicants before the job posting end date expires.

Becoming the leading energy company in Louisiana - helping our people and state thrive - means being mindful of the larger opportunities and evolving needs of all those we serve. So today at Cleco, we’re working from a view that starts behind the lines. Where we can see the full picture of possibilities and technologies. To line up our customers and communities with systems and services that power the good life today. And better lives tomorrow. We’ve always believed that electricity is something more than just electrons. To us, it’s the fuel for more productive days and work. The current that brings all of us closer together. The conduit that connects Louisiana’s present to Louisiana’s future.

The Risk Analysis & Controls Analyst monitors daily commodity transaction activity and provides daily alerts for delegation of authority violations or control issues. The incumbent reviews and reconciles the daily prices used for mark to market valuation and produces daily commodity and credit risk reports. The incumbent reconciles any differences in commodity transaction bookings, prices or other issues with the front office and the back office; and supports the development management presentations, report design and automation, and documentation of risk controls, policies and procedures.


  • Ensure all commodity transaction activity and exposures are accurate and complete in the ETRM system of record

  • Assure transactions comply with delegation of authority and risk limits

  • Resolve any transaction and price data issues within the ETRM system of record

  • Ensure accurate mark to market valuations of commodity transactions

  • Support documentation, walkthroughs and data gathering requests for risk control, internal and external audits

  • Participate in requirements definition and testing of ETRM systems for managing the commodity lifecycle, including complete and accurate capture and processing of new strategies and instruments

  • Learn the commodity lifecycle processes and procedures from trade booking to settlement and controls across front, middle and back office

  • Monitor adherence to middle office controls and ETRM software daily process

  • Review timely and accurate recording of transactions in ETRM system, validate adherence to transaction controls and escalate any alerts and issues

  • Perform transaction validation of risk attributes and composite pricing

  • Manually import market prices (as needed) and validate market prices automatically interfaced from market data sources

  • Review and consolidate independent mark to market valuations of commodity transactions and instruments, research anomalies in valuation

  • Liaise with front office to reconcile differences in valuation, missing trades, etc.

  • Develop reports on commodity transaction activity, portfolio and credit exposure

  • Support Risk Management across the risk organization, including ERM and Risk Analytics

  • Develop risk and financial reports, management dashboards, presentations and visualizations to communicate risk exposures, risk attributions and change rationalization

  • Deep experience using and developing various reporting tools and software

  • Liaison with front office to review of transaction bookings and compliance with delegation of authority

  • Liaison with back office to support commodity transaction confirmation, settlements, pricing or other related issues

  • Communicate and support reconciliation of credit exposure, margin calls and collateral requirements

  • Identify issues in commodity transaction booking and breaches to controls

  • Maintain segregation between business units for all risk analysis and reporting

  • Scope of work is at an enterprise level across front, middle and back office

  • Strong communication and interpersonal skills to liaison with front and back office for managing commodity transaction controls

  • Develop understanding of ETRM systems and how they support the transaction lifecycle

Behavioral Competencies:

  • Action Oriented

  • Collaborates

  • Courage

  • Decision Quality

  • Drives Results

  • Ensures Accountability

  • Instills trust

  • Manages Complexity

  • Nimble learning

  • Persuades

  • Plans and Aligns

  • Safety

  • Self-Development

Technical Competencies:

  • Financial Modeling

  • Financial Reporting & Data Analysis

  • Industry and Business Knowledge

  • Planning, Forecasting & Budgeting

  • Risk Management

Education / Experience:

  • Master’s and/or bachelor’s degree in Finance, Business, or related field

  • 2+ years of related experience in ETRM systems/supporting technologies for commodity transaction management

  • Experience with Allegro ETRM system preferred

  • Knowledge of gas, coal and power transactions and MISO power market preferred

  • Working knowledge of VBA, SQL, Python, R & Business Intelligence Software a plus

  • Strong knowledge of MS Excel, preferably with VBA or C++ programming

  • Experience with Energy Trading and Risk Management (ETRM) systems in the Power and Utilities sector

  • Ability to manage high workloads and conflicting priorities

  • Strong verbal and written communication skills

  • Ability to exercise sound judgment with little direction/guidance but know when to escalate issues

  • Ability to learn new concepts

Cleco is a privately owned regional energy holding company with two primary businesses. Cleco Power, our regulated electric utility business, owns ten generating assets with a total nameplate capacity of 3,357 megawatts and serves approximately 290,000 customers in Louisiana through its retail business and supplies wholesale power in Louisiana and Mississippi. Cleco Cajun, our unregulated electric utility business, owns eight generating assets with a total nameplate capacity of 3,555 megawatts and contracts that serve nine Louisiana cooperatives, five wholesale municipal customers and one electric utility.

In business since 1935, Cleco has deep roots. For more than 85 years, Cleco has kept pace with the ever-changing energy industry to serve its customers. Our corporate office is in Pineville, La. We have offices and 1,500 employees across the state near major cities like New Orleans, Baton Rouge and Shreveport. If you like great music, food and nature, with a dash of eccentricity, then Louisiana is a good place to call home.