Derrick Payne Email & Phone Number

Spring, TX, US

Morgantown, WV, US

• Commercial Advisory - Valuation and risk modeling for portfolios and individual assets. Hedge strategy development and structuring advice which contemplates capital needs, market structure and fundamental drivers.
• Risk Operations – Assist clients with deployment and improvement of risk systems, policy and controls as well as providing full suite of middle office services.

The Woodlands, TX, US

• Executed financial transactions including fixed price, basis and options across multiple tenors to manage risk associated with forward equity, long dated physical transactions, divestiture activity as well as storage.
• Developed and advocated hedging strategies based on current market structure, fundamental view, capex considerations, and current portfolio position.
• Created models to calculate intrinsic and extrinsic value as well as appropriate risk metrics of various structured transactions including transport, corporate hedging programs, storage, and asset divestiture to.
• Instituted weekly portfolio report utilized by senior management, including Portfolio VaR, Forward Sales vs. Volume Forecast, and Price Sensitivity.
• Implemented risk metrics system for use in regular reporting and ad hoc analysis. Compared multiple vendor’s solutions, configured risk set up, created tools to import data, and built in house models to validate outputs.
• Understood and explained VaR and P&L movements for options and linear positions in terms of Greeks.

Frankfurt Am Main, Hessen, DE

• Coordinated with groups in London, New York, Mumbai and elsewhere to ensure accurate deal capture and valuation, bring projects to completion, investigate and resolve various issues, and produce reports including Daily.
• Delivered timely information in a high expectation, high visibility setting for internal customers at all levels. Enhanced and developed processes and controls to accommodate capture and reporting of P&L and position.
• Ensured accurate modeling of structured transactions, including unit contingent, book buyouts and credit intermediation deals, verifying that complex web of downstream systems and reports received appropriate.
• Oversaw growth in FTR business from risk perspective, from hundreds of trades to tens of thousands, ensuring that all deals were accurately booked and priced.

Amsterdam, NL

• Managed long term synthetic asset positions, including wind generation facilities and physical and financial heat rate options in ERCOT and PJM.
• Applied market and VaR sensitive approach to smoothing odd-lot volumes and seasonality in complex, ten year structured position. Sought opportunities to lever position against prevailing market conditions. Made daily.
• Leveraged extensive technical skill set to create and utilize custom tools for monitoring markets and positions, estimated P&L for existing and possible positions as well as refining and automating existing tools.
• Performed various sensitivity and scenario analyses on existing deal set and potential transactions to better understand exposure at portfolio level and what effect new transactions might have.
• Communicated with senior management, team members and other desks to plan, validate and execute hedge/unwind strategies.

Amsterdam, NL

• Demonstrated knowledge, capability and work ethic resulting in rapid progression from Associate to Desk Lead, managing team of six.
• Played pivotal role in the implementation of new functionalities in the energy trading risk management system, matching market and valuation knowledge with technical understanding to aid in timely implementation and.
• Trained new hires in front-to-back trade capture, valuation and validation of Position and P&L for various deal types as well as fundamentals and market structures.

Houston, TX, US