Senior Analyst, Quantitative Risk

Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas.

AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization.

If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation.

What You Can Expect

As a Senior Quantitative Analyst, you will report to the Head of Risk. You will leverage AES Clean Energy’s large-scale renewable and battery storage portfolio to conduct quantitative risk analysis. You will play a pivotal role in assessing the risks related to renewable projects, power purchase agreements (PPAs), derivative transactions and congestion products by developing and maintaining statistical models. You will also analyze less liquid products like renewable energy credits (RECs) and capacity and resource adequacy (RA) deals.

Together with your colleagues, you will be responsible for creating and owning quantitative models and supporting the infrastructure to drive both short and long-term decision making. We’re looking for someone to help take our quantitative modeling and analysis to the next level, as we aim to increase the size of our portfolio. We’re a collaborative and fast-moving organization. As a team, we create systems, models, and analysis to drive commercial decision making and processes.

Main Responsibilities:

- Works to support the execution of the company’s strategy by providing analytical support of the risk around structured transactions

- Performs historical analysis of electricity market prices to value basis risk in projects

- Forecasts hourly prices based historical information and fundamental bases

- Develops risk models to value the combined uncertainty of wind and solar generation and hourly electricity prices

- Develops and implements storage bidding models and strategy

- Development of pricing models and analytical techniques for valuation of renewable transactions

- Develop and manage tools, systems and reports to support decision making

Qualifications

- - 3–5 years’ experience in competitive energy markets, preferably with renewables.

- Bachelor's or higher in engineering, computer science, math, physics, economics, finance, or related field.

- Knowledge of derivatives valuation, structured product pricing, and US power/commodity markets.

- Understanding of renewable generation tech, especially solar and battery storage.

- Strong grasp of cash flow, futures, forwards, options, and risk management principles (VaR, stress testing, backtesting).

- Experience with financial modeling, ETRM systems (Allegro preferred), and programming (Python, C++, R, SQL).

- Analytical, resourceful, and commercially agile with attention to detail.

- Strong communication skills and ability to work under tight deadlines.

- Entrepreneurial, self-motivated, and adaptable mindset.

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.