Derrick Payne

Derrick Payne Email and Phone Number

Executive Vice President and Partner @ Clone Capital, LLC
Spring, TX, US
Derrick Payne's Location
Spring, Texas, United States, United States
Derrick Payne's Contact Details

Derrick Payne personal email

About Derrick Payne

Veteran energy commodities professional who has spent the last two decades in wholesale energy markets, holding leadership positions at Deutsche Bank, Fortis, Anadarko and Occidental. Extensive experience managing, quantifying, valuing exposure from power generation facilities, natural gas and crude storage, transport and equity production portfolios.

Derrick Payne's Current Company Details
Clone Capital, LLC

Clone Capital, Llc

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Executive Vice President and Partner
Spring, TX, US
Website:
clonecap.com
Employees:
4
Derrick Payne Work Experience Details
  • Clone Capital, Llc
    Executive Vice President And Partner
    Clone Capital, Llc
    Spring, Tx, Us
  • Clone Capital, Llc
    Executive Vice President & Partner
    Clone Capital, Llc Jan 2020 - Present
    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.
  • Anadarko Petroleum
    Portfolio Risk Manager
    Anadarko Petroleum Jul 2013 - Jan 2020
    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 and daily physical activity.• 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 support commercial activity. • 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. • Commercial lead on projects to reconfigure Energy Transaction Risk Management systems to accurately depict fixed price and basis exposure for Crude, Natural Gas and NGL. • Negotiated contracts and maintained relationships with ISDA counterparties and FCMs as well as software and data vendors. • Communicate day to day changes in energy markets term structure, basis, volatility and volatility skews to management, highlight any resulting opportunities or threats.
  • Deutsche Bank
    Vice President - Head Of Power Tmg
    Deutsche Bank Apr 2009 - Apr 2013
    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 P&L and Attribution.• 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 in a constantly changing and demanding work environment.• 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 information.• 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.
  • Fortis Energy Marketing And Trading
    Assistant Vice President, Asset Management
    Fortis Energy Marketing And Trading Aug 2008 - Apr 2009
    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 exercise/hedge decisions on financial heat rate options.• 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.
  • Fortis Energy Marketing And Trading
    Assistant Vice President - Head Of Power Mid Office
    Fortis Energy Marketing And Trading Mar 2006 - Aug 2008
    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 avoid costly setbacks. • 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.
  • Oxy
    Marketing Analyst
    Oxy May 2001 - Mar 2006
    Houston, Tx, Us

Derrick Payne Skills

Commodity Risk Management Commodity Markets Derivatives Hedging Trading Energy Markets Financial Modeling Options Structured Finance Asset Management Ftr

Derrick Payne Education Details

  • Sam Houston State University
    Sam Houston State University
    Marketing Information Systems

Frequently Asked Questions about Derrick Payne

What company does Derrick Payne work for?

Derrick Payne works for Clone Capital, Llc

What is Derrick Payne's role at the current company?

Derrick Payne's current role is Executive Vice President and Partner.

What is Derrick Payne's email address?

Derrick Payne's email address is pa****@****ail.com

What schools did Derrick Payne attend?

Derrick Payne attended Sam Houston State University.

What skills is Derrick Payne known for?

Derrick Payne has skills like Commodity, Risk Management, Commodity Markets, Derivatives, Hedging, Trading, Energy Markets, Financial Modeling, Options, Structured Finance, Asset Management, Ftr.

Who are Derrick Payne's colleagues?

Derrick Payne's colleagues are Karen Arokiasamy.

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