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Risk Manager

Location: Rapid City, SD, United States
Job ID: 34348
Date Posted: Sep 19, 2022
Salary: $105050 to $173450 annually

Job Description

Job Specifications

Manage day-to-day mid-office functions of Black Hills Energy. Ensure that practices are in full compliance with applicable standards, regulatory requirements, and the company’s risk policies. The Risk Manager will be integrally involved in the development, implementation and monitoring of prudent policies, procedures, and programs to address internal and external risk mitigation and compliance requirements.  In addition, the Risk Manager will be specifically responsible for daily risk reporting to ensure completeness and compliance with risk policies, procedures, and limits, as well as providing risk analysis for proposed transactions.  In addition, the Manager will work closely with the Chief Risk Officer and various operational data throughout the company to support a comprehensive risk analysis to help leadership understand and address the broad range of risks at both enterprise and operational levels and by ensuring cost effective programs are implemented to mitigate risks.

SALARY RANGE:   $105,050 - $173,450 (Determined by the knowledge, skills and abilities of the applicant.)

REPORTING RELATIONSHIP:   Assistant Controller CRO

LOCATION: Our corporate headquarters in Rapid City, South Dakota

  • A comprehensive relocation package is offered for this position! Details about this package will be shared during the interview and offer process.

ESSENTIAL JOB FUNCTIONS:

  • Manage all company mid-office functions, including activity associated with both natural gas and power transactions.
  • Compile and/or monitor daily reporting to ensure compliance with Risk policies. Includes reviewing natural gas and power transactions and related activity daily for compliance with internal control requirements, company risk policies and applicable laws and regulations, including FERC and NERC regulations.
  • Manage the contracts administration and confirmation processes in accordance with company risk policies and standard practices.  
  • Provide oversight and significant input regarding systems of record associated with natural gas and power transactions, including responsibility for monitoring and maintaining appropriate system access and maximizing system capabilities to minimize manual work, create efficiencies and reduce risk.
  • Provide risk analysis related to current commodity portfolios and complex transactions put forward by the Front Office (Natural Gas and Power) and business development.
  • Manage the filing of certain regulatory filings, such as Electronic Quarterly Reports (EQRs) and FERC Market Based Rate (MBR) filings.
  • Maintain a current, solid understanding of requirements associated with company policies, internal controls, and applicable regulatory standards, as well as risk management practices.
  • Participate in and lead internal routine risk meetings and risk management training. 

ADDITIONAL RESPONSIBILITIES:

  • Responsible for the accurate preparation, review, and processing of confirmations to/from counterparts.
  • Understand the risk tolerance of the company and assist in guiding to appropriately consider risk as part of the decision-making process.
  • Support, as needed, the company’s review and response to regulatory concerns and inquiries 

QUALIFICATIONS:

  • Minimum (7) seven years of progressive experience in energy marketing, risk management or related roles(s) required.
  • Bachelor’s Degree or equivalent in accounting, finance, or related field required or equivalent combination of education and experience required.

KNOWLEDGE/SKILLS/ABILITIES:

  • Solid understanding of the energy markets in which we participate, MISO, SPP, CalISO, ERCOT
  • Understanding physical and financial Power and Natural Gas market transactions
  • Ability to make decisions independently and take initiative while considering risk impacts 
  • Solid understand of risk-based decision making 
  • Ability to prioritize and organize multiple tasks and projects concurrently while ensuring quality and timely delivery
  • Excellent verbal and written communication and presentation skills.  Ability to communicate to complex concepts to a wide range of audiences
  • Ability to work with a team, in both an open office environment and potentially remotely using technology
  • Excellent interpersonal skills, both internal and external.

MENTAL/PHYSICAL DESCRIPTIONS AND WORKING CONDITIONS:

The mental and physical descriptions are representative of the activities an employee in an office job performs. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mental description: Understand, remember, apply oral and/or written instructions or other information, and communicate routine factual information. Understand complex problems and to collaborate and explore alternative solutions. Make decisions which have significant impact on the immediate department.

While performing the duties of this job, the employee continuously accesses, inputs, and retrieves electronic information and communicates regarding the information.  Employee frequently moves about the office space. Employee must be able to operate routine office equipment including computers and similar equipment. Must be able to routinely perform this work for an average of 6-8 hours per day and occasional extended hours as necessary. Must be capable of regular, reliable, and timely attendance.

Specific lifting abilities required by this job include: Sedentary work. Exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or continuously to lift, carry, push, pull or sitting most of the time. Jobs are sedentary if moving about is only occasionally and all other sedentary criteria are met.

Work environment: Routinely perform work indoors in climate-controlled shared work area with moderate noise level. Willing to travel occasionally (less than 10 days per year) by automobile (as driver and passenger), commercial airlines, rental vehicles and public transportation and be able to lodge in public facilities. Must have proper licensing to operate a motor vehicle.

This description is not intended to be an all-inclusive list of responsibilities, duties, and requirements for employees in this position. Job descriptions may and do change periodically. Where positions are covered by a collective bargaining unit agreement, the terms and conditions of the agreement will apply.


About our Company: We are a customer, growth and safety focused utility company that is dedicated to our communities. We improve life with energy as an energy partner of choice. Our diverse culture fuels unique perspectives, opening doors to new insights and possibilities. Based in Rapid City, South Dakota, we have over 3000 employees and serve 1.3 million natural gas and electric utility customers across eight states (South Dakota, Montana, Wyoming, Colorado, Nebraska, Iowa, Kansas, and Arkansas).

Enjoy our Comprehensive Benefits Package!  Annual incentive program, 401(k) (6% company match and up to 9% company retirement contribution), tuition reimbursement, paid time off, additional Veteran PTO, paid holidays and annual floating holidays, company paid short term and long term disability, paid parental leave, health and wellness program, and competitive medical, dental and vision insurance.

Candidates must successfully pass a pre-employment drug screen and background check. 

Black Hills Energy does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or status as a protected veteran.

Wage: 105050 to 173450
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Rapid City, South Dakota
You'll find that it is the ideal community to live, work and do business in. With hiking trails, the Black Hills, Mount Rushmore and Badlands National Park in your backyard, there are endless opportunities to enjoy nature.

Risk Manager

Rapid City, SD, United States