Job Description

Company Description

Statkraft is a leading company in hydropower internationally and Europe\'s largest generator of renewable energy. The Group produces hydropower, wind, solar, and gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4800 employees in 19 countries.

As part of the Norwegian state owned Statkraft Group, Statkraft Markets Pvt. Ltd. has been in India since 2012. The vision of Statkraft Markets is to deliver value to generators and consumers of power based on the Group\'s experience of more than 20 years in power markets in Europe and South-America. The company holds a Category- 1 Inter State Trading Licence and is now engaged in providing services to its Joint Venture Hydro Power assets in addition to successfully delivering on innovative and unique contracts with various clients across India.

Why Statkraft?

Statkraft has been making clean energy possible for over a century. That\'s what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. We envision a world that runs entirely on renewable energy. Because in the fight against climate change, we don\'t see renewable energy as part of the solution - we believe it must be the solution. With us, you\'ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there\'s more work to be done - that\'s why we need you to join us.



Middle Office department overview:

The role of the Middle office department is to be an independent evaluator and communicator of risk and value creation of all market activities in Statkraft Markets India. The main responsibility is to communicate the performance and to measure market, credit, operational, and liquidity funding risk within the trading, origination, market access, and asset optimization activities. The department is also responsible for all tools and methodologies used in line with the corporate policies in this regard. This position will be based in the Statkraft office in New Delhi.

The department has functional independence to ensure strong internal risk management frameworks. It follows and maintains the risk policies, methodologies, and principles of assessments applicable to administer the business mandates at various levels.

The department is well connected to other risk teams in Europe and South America and also can actively participate in globally relevant risk-related topics.

As a Head of Middle Office India, you would be required to have a hands-on and operational leading-by-example approach. Your functional reporting would be to the Head of International Market (Risk Management) in Oslo HQ (Norway) and will be responsible for:

• Ensure independent evaluation and clear and transparent communications of all risk factors and value creation for different portfolios.
• Leading a team of 2-3 talented Senior/Risk Analysts.
• Being a sparring partner towards the front office, and the corporate risk functions.
• Developing, calibrating, and running high-quality risk models for independent assessments of complex energy (power) deals & transactions.
• Performing counterparty due-diligence and credit risk assessments.
• Reviewing and discussing the risk, feasibility, and performance of different portfolios/products on a regular basis with various stakeholders and delivering high-quality risk assessments.
• Developing and documenting the risk methodology and policies/procedures in cooperation with the Middle Office teams in the headquarter.
• Administrating and facilitating the assessment of new deal types and business proposals.
• Supporting M&A and project development cases where various commercial risks need to be assessed and priced in the India organisation.
• Be a risk culture ambassador in the organisation through continuous communications and knowledge sharing.

Qualifications

• University degree in mathematics, economics, finance, or engineering, preferably at master\'s level or any other quantitative study (engineering/pure-sciences/econometrics, etc.).
• Certifications (GARP ERP, FRM, CFA, etc.) would be a plus.
• Relevant experience of at least 10 yrs., ideally in a financial risk management leadership role- in a trading environment or in quant/mathematical finance/data- analytics intensive domains.
• Strong risk governance and management experience with expertise in market and credit risks.
• Quantitative modelling and structured finance knowledge. Exposure to the energy/power sector will be an advantage.
• Strong analytical mind-set, self-driven, pro-active, and able to think outside the box
• Team player, who enjoys working in a dynamic international environment.
• Excellent communication skills, fluent English (verbally and in writing).

Additional Information

A career with Statkraft is a career filled with purpose - meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. Together, we work on the front lines of changing the game for renewable energy. From hydrogen development to algorithmic trading and everything in between. We have 125 years of unrivalled expertise in creating the technologies that put ecosystems, communities and our environment first. With us, you\'ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match. This includes:

• Unlimited learning opportunities at various levels of the organisation including Linkedin Learning and inspiring leaderships program like IMD
• The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds
• The opportunity to work somewhere with pride, and to be able to honestly say \xe2\x80\x9cMy work is contributing to saving the planet\xe2\x80\x9d

• A work culture that puts emphasis on the individual, offering flexible working solutions, parental leave and work life balance principles

Expected start date: As soon as possible

Location: Saket, New Delhi

Contacts: Nishtha Marwaha

Last date to submit applications: 28th February 2023

Statkraft