Sr. Manager Risk, Capital Markets

Company: SunPower
Location: Richmond
Posted on: May 21, 2023

Job Description:

Do you want to change the world? We do, too.SunPower is changing the way our world is powered every day with a passionate and driven team of more than 3,660 full-time employees in North America and the Philippines. SunPower provides world-class solar solutions to residential customers across the U.S. with a commitment to a superior customer experience. We welcome forward thinkers, freedom chasers and all those demanding better, cleaner energy to join us.Sr. Manager, Risk. Capital Markets, SunPower FinancialReporting to the Head of Capital Markets, this role has two sets of complimentary responsibilities. Firstly, your primary role will be to preside over the company's interest rate hedging and risk management function. In this capacity, you will work closely with Sales, Operations, Treasury, Accounting and other functions to develop and manage hedge strategies to mitigate risk both in the business and in our project financings. You will lead the creation of management reporting that present positions and exposures including mark-to-market valuations and value at risk. You will be responsible for compliance with internal risk policies and covenants in our debt financing agreements.Secondly, you will also be a member of our deal teams raising non-recourse senior debt, helping to negotiate the credit agreement, ISDAs, credit support annexes and other ancillary documents to the credit agreement. You will establish the hedge lines with counterparties, ensuring that appropriate bilateral collateral and credit support arrangements are in place.The ideal candidate will be technical, with a track record of developing and executing hedge strategies in any one of the following areas: interest rates, FX, energy, or physical commodities. The candidate must possess strong communication and presentation skills, particularly in conveying highly analytical work and strategies to executive leadership. The ideal candidate will be an independent and curious thinker who can make convincing, information-based arguments to influence decision-making. We are looking for a trusted expert advisor to SunPower senior leadership on how to manage risk inherent in our business.Essential Duties & Responsibilities:---Collaborate with senior leadership in setting the appropriate hedging and risk management strategies---Establish hedge lines with counterparties, ensuring that appropriate bilateral collateral and credit support arrangements are in place---Build effective communication protocols to identify interest rate risk in the business and in our project financings---Lead creation of management reporting that present positions and exposures---Contribute to the origination and execution of non-recourse financings to support the residential solar and storage business---Initiate and maintain relationships withBasic qualifications:---Bachelors' degree in Finance, Economics, Financial Engineering, Mathematics, Statistics, or similar technical field.---5+ years working in risk management or origination at a financial institution, energy wholesale desk or similar counterparty institution, either as an advisor or practitioner.---Experience with assessing all relevant types of risk, including market, regulatory, and operational risk.---Attention to detail and the ability to work thoughtfully and independently and manage multiple projects.---Demonstrated ability to work in a fast-paced environment, prioritizing tasks to maximize value.---Outstanding written and verbal communication skills; ability to articulate complex ideas and deliverables in a simple way.---Ability to work with multiple stakeholders and find creative solutions.---A thirst for knowledge. Demonstrated ability to learn complex new domains quickly.Preferred qualifications:---Master's degree in Finance, Economics, Financial Engineering, Mathematics, Statistics, or similar technical field.---Experience working with diverse partners across the organization, including FP&A, Treasury, Internal Audit, Compliance, Data Science, and other quantitative teams.---Familiarity with interest rate derivatives and financial data analysis.---Familiarity with structured credit/ABS financing transactions.Professional traits that are not unique to this position but necessary for SunPower leaders:---Exhibits excellent judgment---Hires great people. Develops great people---Has relentlessly high standards---Expects and requires innovation of their team---Thinks big and has convictions---Delivers results---Has the innate ability to inspire passion in othersPay Range$189,129-$236,412 Other rewards may include annual bonus eligibility, short and long-term incentives, and a comprehensive and competitive benefits program which includes health insurance coverage, employee wellness, life and disability insurance, a retirement savings plan, paid holidays, paid time off, and so much more. Please note the pay range provided is a good faith estimate for this position only and in the geographical location noted.Don't meet every single requirement? Studies have shown that women and underrepresented minorities are less likely to apply to jobs unless they meet every single qualification. At SunPower, we are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.Equal Employment OpportunityThe Company is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual's qualifications as they relate to the job under consideration. The Company's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations. The Company is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.EOE Minorities/All Genders/Protected Veterans/DisabledSunPower Supports EEOAccommodation for Applicants to SunPower CorporationSunPower Corporation is an Equal Employment Opportunity / Affirmative Action employer and provides reasonable accommodation for qualified individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need a reasonable accommodation due to a disability, you may use the following alternative email address to contact us about your interest in employment at SunPower Corporation: . Please indicate in the subject that line of your email that you are requesting accommodation. Only candidates being considered for a position who require an accommodation will receive a follow-up response.NOTICE TO ALL APPLICANTS AND EMPLOYEESAvailability of Affirmative Action Plan for ReviewSunPower is a federal government contractor. As a part of the Company's obligations under law, it must develop a written Affirmative Action Program (AAP) for the Disabled, Recently Separated Veterans, Armed Forces Service Medal Veterans, Disabled Veterans and Active Duty Wartime Or Campaign Badge Veterans and for Women and Minorities as specified by law. Non-confidential and non-proprietary aspects of the AAP are available for inspection by applicants and employees, consistent with applicable law, which will be made available during office hours by contacting the EEO Officer.

Keywords: SunPower, Richmond , Sr. Manager Risk, Capital Markets, Executive , Richmond, California