Sunday, October 9, 2011

Advisory Services Senior Manager - Risk (Energy Trading)

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At Ernst & Young, our 141,000 people work together to deliver assurance, tax, transaction and advisory services. We are united by our shared values and an unwavering commitment to quality, and we make a difference through leading practices that help our people, clients, and wider communities achieve their potential. Visit us at and see why Ernst & Young has been on FORTUNE's "100 Best Companies to Work For" list for 13 consecutive years. 

Ernst & Young Advisory Services is a fast-moving, high-growth area with huge potential. It offers variety, challenge, responsibility and the opportunity to realize your leadership potential. Being a member of our Advisory team means you will specialize in a particular competency - Risk, Performance Improvement, or IT Risk & Assurance.

We currently are seeking a highly motivated Senior Manager for our Risk Energy Trading team to lead client engagement teams, work with a wide variety of clients to deliver professional services, and lead business development activities on strategic and global priority accounts.
The opportunity is now! If you are interested in being part of a dynamic team, serving clients and reaching your full potential - Ernst & Young Advisory Services is for you!

Ernst & Young's Risk Advisory - Energy Trading sub-practice is a specialty advisory group that assists clients in the areas of market, credit, liquidity and operational risk across all energy and related commodities.  The group assists clients in the assessment, design, transformation and implementation of industry leading capabilities to identify, measure, manage and monitor risks in a commodity portfolio.  Capabilities include the areas of governance and oversight, policies, processes and controls, organizational structure, reporting, modeling and assumptions, and data requirements and information systems.  Our clients greatly value the insights and experience we provide regarding tailored trading models that help achieve commercial strategy, leading practices that help companies establish risk and governance practices and our strong project management capabilities.  Our Clients include merchant energy companies, retail energy companies, utilities, oil and gas companies, chemical companies, natural resource companies and financial institutions and hedge funds with commodity trading operations.

A Senior Manager within Risk Advisory - Energy Trading will lead large scale client engagements. Consistently deliver quality client services. Drive high-quality work products within expected timeframes and on budget. Monitor progress, manage risk and verify key stakeholders are kept informed about progress and expected outcomes. Manage expectations of client service delivery. Stay abreast of current business and industry trends relevant to the client's business. 

Effectively lead and motivate teams with diverse skills and backgrounds. Provide constructive on-the-job feedback/coaching to team members. Foster an innovative and inclusive team-oriented work environment. Play an active role in counseling and mentoring junior advisors within the organization.

Generate new business opportunities. Understand Ernst & Young and its service lines and actively assess/present ways to serve clients. Develop and maintain long-term client relationships and networks. Develop relationships with team members across all Ernst & Young practices to serve client needs.
With a strong knowledge of energy trading and project management, the Senior Manager is a vital member of the risk management team working in all phases of advisory work (identify, diagnose, design, deliver and sustain).  A Senior Manager may play a 'lead advisor' role, meaning that they will be provided the opportunity to work in a number of different areas, including market risk, credit risk, risk quantification and modeling, risk systems, and internal audit support.  

As a Senior Manager, additional responsibilities may include but are not limited to the following:

  • Advising clients on a variety of risk services to aid their efforts to identify, monitor, measure and ultimately manage the commodity risk exposure in their organizations.
  • Assisting clients to design, implement and deploy a commodity risk strategy, which may include services such as: risk governance and policy frameworks, blueprinting desired state process and system designs; control design and implementation.
  • Assessing and evaluating a client's internal control environment and developing creative and practical solutions to address issues identified and provide value-added services to the client.
  • Participating in the commodity risk management sales and marketing efforts as well as broadening relationships with existing clients. 
  • Leading, executing and managing all aspects of advisory projects.
  • Identifying new, creative and innovative solutions to client and practice issues.
  • Maintaining active involvement in providing thought leadership related to energy trading through participation at industry seminars and creation of articles for publication.
  • Demonstrating professionalism while working in the client environment.
  • Maintaining a strong client focus by being responsive to client requests and developing/maintaining productive working relationships with client personnel.
  • Staying informed of current business/economic developments relevant to client's business.
  • Collaborating with team members to set individual and team goals and responsibilities.
  • Contributing ideas and opinions to the engagement and practice team and listen to team members' ideas and views.
  • Utilizing technology to continually learn, share knowledge with team members, and enhance service delivery.
  • Seeking opportunities to present Ernst & Young's services which add value to the clients.


    To qualify, candidates must have:

  • a bachelor's degree and 8 years of relevant work experience; or a graduate degree and 7 years of relevant work experience.  Relevant work experience would include working in the front, middle or back office operations of a commodity trading entity or as a consultant to a commodity trading entity.
  • a degree in accounting, finance, economics, mathematics, information technology or a related field; an MBA or master's degree (in finance, mathematics, etc.) a plus.
  • strong analytical and problem-solving skills, and demonstrated knowledge in energy trading risk management.
  • understanding of energy markets functions and a strong product knowledge.
  • process re-engineering, team building, and project management experience.
  • strong communication, presentation, client service and technical writing skills.
  • desire and ability to work closely with quantitative and technology professionals on project assignments.
  • a thorough understanding of some or all of the following is a plus: quantitative methods and tools supporting commodity risk measurement; knowledge of energy trading risk software (e.g., Endur, Entegrate, Commodity XL, Allegro, RightAngle, etc.).

  • Successful candidates must also have the ability to travel approximately 50%.  Travel is predominantly within North America.

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