City of Austin - JOB DESCRIPTION

Risk Control Program Manager

Under minimal direction, responsible for providing risk control functions to ensure compliance with the City’s fuel and energy trading risk management policies, procedures, and processes; Electric Reliability Council of Texas (ERCOT) protocols and rules, Federal Energy Regulatory Commission rules, and the City of Austin and Austin Energy financial policies and processes and procedures.

1. Advise Risk Oversight Committee, Chief Risk Officer, and other interested parties on the state of energy trading and risk management program compliance,  performance, violation of governing rules and regulations, and the City and Austin Energy’s exposure to various risks. 
2. Provide oversight to the installation and implementation of deal capture and risk analytical systems for monitoring the compliance and measuring the performance of Austin Energy’s fuel and energy trading and risk management operation.
3. Provide leadership in development and implementation of internal processes to monitor, evaluate, and report on fuel and energy trading, property insurance, claims, infrastructure and risk management operation to ensure compliance with the established rules, standards, policies, and procedures.
4. Train appropriate staff and managers on fuel and energy trading, liability insurance, claims, infrastructure and risk management rules, standards, and processes to ensure compliance.
5. Manage credit risk for fuel and energy trading and risk management operation. Manage Austin Energy’s credit requirements with ERCOT.
6. Represent Austin Energy in ERCOT protocol development activities to defend municipality owned utilities position.
7. Provide liability and risk strategies to AE’s Management/Executive Team and work with City’s Litigation team
8. Conduct and review infrastructure billing and collections
9. Manage the Austin Energy enterprise risk management function

• Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.

• Knowledge of wholesale fuel and energy market and evolving industry and regulatory development and impact on fuel and energy industry.
• Knowledge of applicable processes, techniques, and methods in area of  utility financing, energy risk management
• Knowledge of Credit Risk Management
• Knowledge of Liability, Claims, Infrastructure and Property Insurance
• Knowledge of Federal, State, local laws, and ordinances governing risk management in the electric utility industry.
• Knowledge of electric industry reliability practices, policies, and procedures, and standards.
• Knowledge of Austin Energy’s wholesale power and fuel requirements.
• Knowledge of fiscal planning and budget preparation including financial regulatory and managerial accounting practices and FERC requirements.
• Knowledge of supervisory and managerial techniques and principles.
• Skill in risk metrics analysis and financial and physical portfolio
• Strong Skills in oral and written communication.
• Strong Skills in planning and organization.
• Ability to work with frequent interruptions and changes in priorities.
• Ability to train others.
• Ability to quickly recognize and analyze irregular events.

• Bachelor's degree in related field plus six (6) years’ experience in assigned areas of risk management, finance,  or related fields of which two (2) are in a lead/supervisory capacity.
• A Master’s degree in related field may substitute for two (2) years of experience.

• None