Manager, Quantitative Energy Risk

3 days ago

Houston, United States Selby Jennings Full time

Position Overview:


Selby Jennings is actively partnered with a leading US power generator to hire a Manager of Quantitative Energy Risk. The Manager of Quantitative Energy Risk s will play a pivotal role in implementing a risk management framework through advanced quantitative analysis. Reporting directly to the Managing Director of Risk, this individual will be tasked with aligning new commercial strategies with the portfolio’s overall performance goals, ensuring adherence to established risk tolerances. This position requires comprehensive knowledge of commodity market dynamics, trading instruments, and risk management practices focused on renewable resources. Additionally, this role involves collaborating with management to develop and adjust portfolio strategies based on risk scenarios and working closely with energy traders to assess potential portfolio impacts.


Key Responsibilities:

Risk and Quantitative Analytics:

  • Develop models to evaluate gross margin risk for market-exposed projects, focusing on near-term to five-year forecasts, to support hedging strategies within established Energy Risk Management guidelines.
  • Set portfolio risk limits and track portfolio-level risk metrics that account for cross-market correlations, including energy, congestion, and Renewable Energy Credit (REC) prices.
  • Analyze forward market price volatility and correlation assumptions as inputs for stochastic risk models.
  • Facilitate performance benchmarking of trading strategies and establish risk limits.

Energy Market Strategy:

  • Apply portfolio optimization methods to inform hedge strategy decisions, aiming to balance risk-adjusted revenue for renewable assets. Strategies include DART optimization, CRR/FTRs, and various hedge transactions like PPAs.
  • Conduct regular portfolio evaluations to identify profit opportunities and potential risks.
  • Work with the Market Fundamentals and Transmission teams to integrate long-term market perspectives into short-term risk mitigation strategies.
  • Support valuation efforts for short-term hedge and PPA contract negotiations.
  • Design and implement trading strategies for gas, REC, Capacity, Resource Adequacy, and transmission to minimize exposure to risk across the company’s asset portfolio.


Reporting & Communication:

  • Collaborate with senior executives to define hedging and risk management strategies for renewable and conventional assets.
  • Create market dashboards using tools such as Power BI to provide insightful reports.
  • Participate in Energy Risk Committee meetings to present risk issues for review and approval.
  • Lead the creation of management reports detailing positions, exposures, and risk assessments

.

Key Qualifications:

  • Master’s or Ph.D. in Engineering, Mathematics, Economics, or a related quantitative field.
  • 5-10 years of progressively responsible quantitative experience in the energy industry.
  • Strong understanding of US electricity markets with direct experience in at least one ISO market.
  • Proficiency in developing predictive models using mathematical/statistical methods for energy market risk analysis, with expertise in option valuation and Greeks.
  • Advanced skills in at least one programming language (Python or R) for building and implementing complex statistical models.
  • Strong experience in SQL and data mining for developing trading algorithms.
  • Ability to develop power fundamental models for various energy market scenarios, including load and generation forecasting.
  • Familiarity with industry standards and regulatory expectations regarding risk management.
  • Experience in valuing transmission hedging, Resource Adequacy, and Capacity products.
  • Solid relationships with internal and external credit professionals to ensure compliance with risk and credit policies.
  • Exceptional communication skills, capable of conveying complex concepts clearly and concisely.
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint) with strong financial and business acumen.
  • Ability to work well under pressure, managing multiple priorities in a high-performance, deadline-driven environment.


The salary banding for this position is $170,000 to $210,000 depending on a candidate's level of experience.

  • Manager, Quantitative Energy Risk

    3 days ago

    Houston, United States Selby Jennings Full time

    Position Overview:Selby Jennings is actively partnered with a leading US power generator to hire a Manager of Quantitative Energy Risk. The Manager of Quantitative Energy Risk s will play a pivotal role in implementing a risk management framework through advanced quantitative analysis. Reporting directly to the Managing Director of Risk, this individual will...

  • Manager, Quantitative Energy Risk

    3 days ago

    houston, United States Selby Jennings Full time

    Position Overview:Selby Jennings is actively partnered with a leading US power generator to hire a Manager of Quantitative Energy Risk. The Manager of Quantitative Energy Risk s will play a pivotal role in implementing a risk management framework through advanced quantitative analysis. Reporting directly to the Managing Director of Risk, this individual will...

  • Quantitative Market Risk Manager

    2 weeks ago

    Houston, Texas, United States Talen Energy Full time

    About the RoleTalen Energy is seeking a highly skilled Quantitative Market Risk Manager to join our Risk Management Team. As a key member of our team, you will be responsible for ensuring a strong Risk Framework and understanding of Talen's inherent risk in managing a fleet of generation assets that use multiple fuel sources.Key ResponsibilitiesCollaborate...

  • Manager, Quantitative Market Risk

    2 months ago

    Houston, United States Talen Energy Full time

    Talen's Quantitative Market Risk Management Team operates within the broader Risk Management Organization reporting to the CFO. The Risk group routinely interacts across many functions and at all levels of the organization, including C-Suite. Here are a few of the things this role is responsible for: Working within the Risk Team across Market Risk, Credit...

  • Energy Risk Management Specialist

    1 day ago

    Houston, Texas, United States Pattern Energy Group Full time

    Job Title: Manager, Trade ControlPattern Energy Group is seeking a highly skilled and experienced professional to join our Middle Office function as a Manager, Trade Control. This role will play a critical part in providing risk management expertise for our Energy Management activities in the wholesale power and renewables markets in USA and Canada.Key...

  • Energy Risk Management Specialist

    3 weeks ago

    Houston, Texas, United States Pattern Energy Group Full time

    Job SummaryPattern Energy Group is seeking a highly skilled Energy Risk Management Specialist to join our Middle Office function. As a key member of our team, you will be responsible for providing risk management expertise for our Energy Management activities in the wholesale power and renewables markets in USA and Canada.Key ResponsibilitiesMonitor and...

  • Energy Trading and Risk Manager

    2 weeks ago

    Houston, Texas, United States Pattern Energy Group Full time

    Job SummaryPattern Energy Group is seeking a highly skilled Commodity Risk Management Specialist to join our Middle Office function. As a key member of our team, you will be responsible for providing risk management expertise for our Energy Management activities in the wholesale power and renewables markets in USA and Canada.Key ResponsibilitiesMonitor and...

  • Quantitative Risk Analyst

    1 month ago

    Houston, United States Octopus Energy Group Full time

    Welcome to the future of energy We are both an electricity retailer and a tech platform and we think there is no better way to address our greatest challenge, climate change, than with the combination of those two. Through our proprietary tech platform, Kraken, we are changing the way people interact with their energy company - by making it approachable, low...

  • Quantitative Risk Analyst

    4 weeks ago

    Houston, United States Octopus Energy Group Full time

    Welcome to the future of energyWe are both an electricity retailer and a tech platform and we think there is no better way to address our greatest challenge, climate change, than with the combination of those two.Through our proprietary tech platform, Kraken, we are changing the way people interact with their energy company - by making it approachable, low...

  • Energy Risk Management Specialist

    3 weeks ago

    Houston, Texas, United States Pattern Energy Group LP Full time

    Job SummaryPattern Energy Group LP is seeking a highly skilled Energy Risk Management Specialist to join our Middle Office function. As a key member of our team, you will be responsible for providing risk management expertise for our Energy Management activities in the wholesale power and renewables markets in USA and Canada.Key ResponsibilitiesMonitor and...

  • Lead Analyst, Energy Risk Assessment

    4 weeks ago

    Houston, Texas, United States NRG Energy Full time

    At NRG Energy, we empower our employees to take ownership of their professional growth and career paths. We encourage you to discover exciting prospects across our diverse operations. Our vibrant work atmosphere offers a mix of challenges and opportunities. Your development is crucial to our collective success—take the initiative in defining your career...

  • Energy Management Compliance Manager

    4 weeks ago

    Houston, Texas, United States Pattern Energy Group Full time

    Overview:Company OverviewPattern Energy is a prominent player in the renewable energy sector, specializing in the development, construction, ownership, and operation of high-quality wind and solar generation, transmission, green fuels, and energy storage facilities. Our mission is to drive the global transition to renewable energy through sustainable...

  • Senior Risk Analyst

    2 weeks ago

    Houston, Texas, United States NRG Energy Full time

    Job SummaryThe Senior Analyst, Market Risk Analytics role at NRG Energy is a critical position that requires a high level of expertise in analyzing financial and credit/collateral risks associated with energy trading and marketing activities. This includes identifying and assessing potential risks, developing and implementing quantitative modeling, and...

  • Energy Risk Management Consultant

    4 weeks ago

    Houston, Texas, United States Engie Full time

    Position OverviewENGIE Global Energy Management and Sales (GEMS) oversees the management of a diverse portfolio that includes electricity, natural gas, environmental products, and bulk commodities on a global scale. The Risk division within GEMS is tasked with the evaluation, control, and reporting of all market-related activities, as well as the strategic...

  • Energy Trader

    6 days ago

    Houston, Texas, United States TC Energy Full time

    About the RoleWe are seeking a highly skilled Energy Trader to join our Power Trading Team in Houston, TX. As an Energy Trader, you will be responsible for trading short-term PJM & MISO markets, analyzing market intelligence, and collaborating with our TC Energy Marketing team to design and implement physical and financial trading strategies.Key...

  • Energy Trader

    4 days ago

    Houston, Texas, United States TC Energy Full time

    About the RoleWe are seeking a highly skilled Energy Trader to join our Power Trading Team in Houston, TX. As an Energy Trader, you will be responsible for trading short-term PJM & MISO markets, analyzing market intelligence, and collaborating with our TC Energy Marketing team to design and implement physical and financial trading strategies.Key...

  • Commodity Risk Management Specialist

    2 weeks ago

    Houston, Texas, United States Pattern Energy Group LP Full time

    Job SummaryPattern Energy Group LP is seeking a highly skilled Commodity Risk Management Specialist to join our Middle Office function. As a key member of our team, you will be responsible for providing risk management expertise for our Energy Management activities in the wholesale power and renewables markets in USA and Canada.Key ResponsibilitiesMonitor...

  • Risk Management Specialist in Energy Markets

    3 weeks ago

    Houston, Texas, United States Engie Full time

    Position OverviewENGIE Global Energy Management and Sales (GEMS) oversees the management of electricity, natural gas, environmental products, and bulk commodities for ENGIE and its clients globally. The Risk team within GEMS is tasked with the assessment, control, and reporting of all market-related activities, as well as the strategic oversight of risk...

  • Energy Trader

    3 weeks ago

    Houston, Texas, United States TC Energy Full time

    About the RoleWe are seeking a highly skilled Energy Trader to join our Power Trading Team at TC Energy. As an Energy Trader, you will be responsible for analyzing and understanding market intelligence to create value through trading in the short-term PJM & MISO markets.Key ResponsibilitiesDevelop and implement physical and financial trading strategies to...

  • Risk and Credit Manager

    1 month ago

    Houston, United States Spark Energy Full time

    Risk and Credit Manager (Utilities/Retail Energy Industry) Company: Spark Energy, LLC Title: Risk and Credit Manager Location: Houston, Texas - Corporate Offices - (requires in office work schedule of minimum 3 days per week) Department: Risk Reports to: Treasurer FSLA Status: Exempt JOB SUMMARYUnder supervision of the Treasurer, the Risk and Credit Manager...