Senior Risk Analyst

Job Title:Senior Risk Analyst
Department: Investment & Strategy Development
Location: Edinburgh
Reports to: Regulatory Affairs and Strategy Advisor
Employment Type: Permanent, Full-time
Company Profile
Red Rock Power Limited is an investor, owner, operator and developer of renewable energy projects. Based in Edinburgh, Scotland, our growing team are passionate about generating clean energy and supporting the UK and Europes net zero ambitions.
Our current portfolio includes five part or fully owned wind farm projects, each at different lifecycle stages. Our operational wind farms Afton (100% equity), Beatrice (25%) and Överturingen (50%) have an installed capacity of 320 MW (RRPL proportion), while our development projects Benbrack onshore wind farm in the South West of Scotland (100%) and Inch Cape offshore wind farm off the East Coast (50%) will deliver an additional 570 MW.
We are committed to long term investment in the Scottish and UK market, onshore and offshore wind sectors in particular, and have strong growth ambitions to expand into the wider European market and other sustainable energy technologies. We are actively pursuing acquisition and development opportunities, including the offshore wind leasing rounds. Our Edinburgh headquarters puts us at the heart of the UK industry, while our teams expertise and experience working on some of the worlds largest energy infrastructure projects allows us a unique opportunity to consider a variety of different opportunities and we welcome candidates to join us on this journey.
Red Rock Power was established in 2016 when SDIC Power, a global power generation company headquartered in Beijing, China acquired Repsols UK wind portfolio. For more information on Red Rock Power and what its like to work with us, visit https://www.redrockpower.co.uk/
Job Purpose
To provide revenue risk analysis and management, and conduct quantitative and qualitative analysis of the macroeconomic, commodity prices and regulatory factors that may impact our existing projects and new investment opportunities.
Job Description

• Provide quantitative and qualitative analysis for revenue management covering price development, forecast for power, green certificates, gas and other income streams, portfolio merchant power price exposure and hedging strategies.
• Develop, manage and run stochastic risk analysis financial models to identify embedded risks including VaR, EaR and mark-to-market exposure using simulation-based modelling, scenario analysis and other methods for our existing asset portfolio and new investment deals.
• Manage production of key risk metrics regularly and provide timely risk insights to support revenue risk management and hedging strategies.
• Prepare regular updates and reports for Red Rock Powers shareholders about commodity prices, macroeconomic factors and market conditions and recent developments.
• Develop and maintain appropriate risk management policy and system including risk identification and quantification, risk dashboards, reporting, risk mitigation and progress review.
• Have an opportunity to expand horizon to other areas such as policy and regulation, technology and market research.
• Build strong relationships within Red Rock Power by supporting other internal teams (Asset Management and Finance Team) and our JVs.

Essential:

• At least five years experience in economics, stochastic risk analysis financial modelling, strategy or a related business area
• Clear understanding of macroeconomics
• Experience in handling large data sets for quantitative analysis
• Experience in using Microsoft excel, Power BI or Python
• Strong understanding of risk management and risk methodologies such as VaR

Desirable:

• In depth understanding of the UK renewable energy market
• Experience of producing reports for senior management and/or shareholders

Qualifications

• Relevant University degree and any related professional qualifications

Core Competencies

• Effective Communication
• Trust & Integrity
• Team Orientated
• Decisive
• Strategic Vision
• Adaptable
• Commercial/Business Awareness

What we offer
A competitive salary and annual bonus along with a range of benefits including , family medical care, holiday purchase scheme, 10% non-contributory pension, life assurance, income protection and electric car scheme.
The chance to work amongst a friendly, dedicated, sociable team and benefit from social, health and wellbeing initiatives. We are committed to providing ongoing training opportunities for all staff and invest in allowing you to reach your career goals. Through implementation of our hybrid working policy, we are committed to supporting a positive work-life balance for our employees whilst also maintaining valuable face time in the office.
We're committed to achieving an equal gender balance and greater representation of all ethnic groups, both in our company and within the renewables industry. Diversity and inclusivity are central to our strength as a team as well as our culture as a business.
We are happy to consider any reasonable adjustments that candidates may need during the recruitment process and you will be asked whether your require any during your application.