For Xcel Energy, developed Monte Carlo simulation models to assess risks and rewards for long-term FTR trades in MISO. Models use seasonal nodal on-peak and off-peak price moments (mean, std. deviation, skewness, kurtosis) and correlations applicable to thousands of paths. Earnings by path were simulated with the Johnson Moments distribution. I used SAS JMP, SAS, and @Risk. October 2012 to March 2013.Authored document titled, "Mitigating Risks Under GRC Convergence: Dodd-Frank Requirements, Enhanced Volumetric and Price Risk Reporting Scheme, and Portfolio Surveillance using SAS Data Visualization tools". May 2012 to January 2013As a SME with Sirius Solutions, assisted with the migration of derivative transactions from GenOn's portfolios to NRG's ETRM system. Validated GenOn's physical and financial derivative trades (P&L, volumes, and other trade attributes) as they were transferred from Endur and other systems into NRG’s ZaiNet system. Used SAS JMP - Data visualization tool -- to simplify and expedite the detection of data anomalies. (October 2012 to December 2012)Collaborated with the Alliance Risk Group’s managing directors with certain aspects of their Dodd-Frank practice with Swap dealers and commercial end-users. Through the Alliance Group, drafted comments for the Energy Marketing Association in Washington DC. These comments were filed with the CFTC. June 2012 to Present.Worked in partnership with Mid-Del Group advising their customers on Dodd-Frank matters, Financial Transmission Rights (FTRs), virtual trading, data visualization, and enhanced reporting for the analysis and management of volumetric and price risks. August 2012 to March 2013Authored document titled. "Thoughts on Implementation Strategies and Challenges for Enterprise Risk Management (ERM)" May to August 2012In collaboration with the Energy Data Hub, analyzed FERC’s Electricity Quarterly Reports data using SAS JMP. June 2012 to September 2012.

Led the combined enterprise risk management programs for the regulated and the unregulated generation businesses. Responsible for evaluating trading and hedging strategies and recommending methodologies for measuring and mitigating market, credit, liquidity, and other operating risks around asset-based trading. Managed 16 professionals in market, credit, and compliance roles, with an annual budget of $3 million. PSEG has 10,000 employees, $30 billion in assets and $11 billion in revenues.

Designed and developed a stochastic model to assess potential future exposures (PFE) for forward coal transactions and built, for traders in London, UK, costless-collar option valuation models taking into account bid and ask implied volatilities and volatility skews.

Created a risk management framework stating the key components required to govern Hindustan Petroleum and Mittal Energy Limited’s trading, risk control, and procurement of crude oil for refinery operations in India during 1Q 2011.Designed a “five-way summary” risk report format for natural gas trading activities including volumetric positions, P&L, MtM, Greeks, VaR, outlier detection, and other metrics for Shell Energy North America.

Enriched the existing SAS-based system to support risk control managers monitor and analyze MtM, manage market risks, explain reasons for value-at-risk and MtM daily changes, and validate reliability of value-at-risk estimates against P&L. Performed statistical analysis study of “all-in” price curves resulting in new representative curves used in the VaR buckets in Endur’s risk engine. Significantly improved Endur’s VaR estimates by allowing for presence of “heavy-tails” in natural gas price-returns, and by modifying the setup of Endur’s Principal Component Analysis.Performed VaR back-testing studies resulting in recommendations of new VaR limits.Designed and implemented early-warning VaR alert system to give management advanced notice to manage the trading portfolio exposures proactively and ensure risk compliance at all times. Designed and built a reporting and analysis system to analyze the reliability of correlation matrices daily.

Directed the original start-up and implementation of Cheniere’s risk management infrastructure. Authored, monitored, and enforced compliance with Board-approved market risk management policies covering standard trades and structured transactions in natural gas markets and planned international LNG purchases related to the 4 bcfd, Sabine Pass LNG facility. Cheniere is a $3-Billion Liquefied Natural Gas and pipeline company. Managed staff of 4 experienced professionals.

Designed and directed the independent risk control function overseeing a portfolio of physical, financial and complex structured derivative transactions intended to monetize and stabilize the value of Calpine’s 27-GW power plants through the nation. Recruited 9 professionals into quantitative analysis, quality assurance, and decision support groups. Firm has $29 Billion in assets and $7 Billion annual revenues.