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Job Description

JOB TITLE: Manager Credit Risk Management REQUISITION:CFO004X DEPARTMENT:Strategic Plan and Risk Management – Kansas City Headquarters LOCATION:Kansas City, MO JOB PROGRESSION:$104,200 - $138,900

Scheduled Work Hours: Monday - Friday 8:00 a.m. - 5:00 p.m. Job may require additional hours as required.

Summary of Primary Duties and Responsibilities: Reporting to the Sr Director Risk Management, the Manager Credit Risk Management will facilitate the implementation of a Counterparty and Credit risk policies and processes. This person will be responsible for enabling that new commercial strategies, new product/market participation, and align with the overall risk strategy. Requires expertise in Counterparty and Credit Risk processes, Contract reviews, Credit Support strategies, in addition to knowledge of the larger commodity market dynamics, and risk management practices specific to Energy Trading industry. Works with management on developing, reviewing, and modifying the strategy based on agreed-upon risk scenarios and tolerance. Works closely with originators and traders and advocate risk mitigative measures. This position will lead/build a team of up to three Risk Analysts.

Major responsibilities include, but are not limited to:

Credit Risk Management Strategy • Develop risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy, congestion, and REC prices. • Develop stressed and scenario analysis for Credit exposure, identify risk reducing strategies, and monitor/report execution of hedging/optimization activities. • Review forward market price volatility curves and correlation assumptions for stochastic risk modeling. • Facilitate trading strategy performance benchmarking and establishing risk limits. • Participate in contract negotiations including Credit terms, evaluate credit risk of proposed transactions, propose mitigative actions and credit support terms • Support Risk quantification and valuation of hedges, EMAs, and other structured transactions for contract negotiations and deal modeling • Monitor margin calls, forecast collateral needs, and work with Treasury on cash management • Manage adequate collateral in the form of Cash, Letter of Credit, Guarantees, Surety Bonds, Performance Bonds, and other approved instruments • Participate in SPP Credit working group, evaluating proposals and identifying opportunities • Evaluate collateral needs of ARR/TCR/LTCR auctions and enable congestion strategy

Reporting & Communication • Collaborate with senior executives in setting appropriate hedging and risk management strategies for both renewable and conventional assets. • Develop insightful market dashboards using Power BI or similar tools. • Participate in Risk Oversight Committee discussions along with senior leadership. • Develop and present risk issues and stressed risk measures to the Risk Oversight Committee at the committee meeting. • Work closely with the Sr Director Risk Management to ensure compliance and adherence to the risk policies.
• Lead creation of management reporting that presents positions and exposures.

Education and Experience: Degree in Engineering, Mathematics, Economics, Business, or a related quantitative or finance discipline. 4 to 6 years in increasingly responsible Risk Management roles, especially within the Energy Trading industry.

Skills, Knowledge, and Abilities: • Knowledge of US Electricity markets and power systems with direct experience with at least one ISO market, preferably SPP market • Exposure to regulatory expectations and industry standards concerning risk management practices including risk management modeling. • Proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks with an understanding of option valuation and Greeks. • Experienced in at least one programming language, preferably Python or R, with a demonstrated track record of developing complex financial models and implementing them into a production system. • Strong SQL and data mining skills. • Ability to extract, manipulate, and analyze large datasets relevant to the energy market in order to develop complex trading algorithms. • Strong relationships with credit and professionals, both internally and externally, to ensure adherence to established credit and risk policies. • Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner. • Highly proficient in Microsoft Word, Excel, and PowerPoint. • Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets. • Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines. • Ability to think creatively, manage competing priorities, work independently, and pay attention to detail. • Self-motivated and highly organized.

Licenses, Certifications, and/or Testing: None.

Working Conditions: Working conditions will be office based and must be able to work additional hours on short notice.

Evergy has a clear mission – To empower a better future. Evergy chooses to live this mission by valuing People First. We know that to lead the responsible energy transition and provide affordable, reliable, and sustainable service to our customers and communities, we need a team with a variety of backgrounds, perspectives and skills. So, our goal is to be a diverse workforce that is representative of the communities we serve. We are committed to celebrating diversity and building a team where everyone – regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status – has a voice and can bring their best every day. We know that the more diverse and inclusive we are, the better we will be. Evergy is proud to be an equal opportunity workplace and is an affirmative action employer.

Job: *Finance and Accounting

Title: Mgr Credit Risk Management

Location: null

Requisition ID: CFO004X