Quantitative Market Risk Manager

21 hours ago

Houston, Texas, United States Talen Energy Full time
About the Role

Talen 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 Responsibilities
  • Collaborate with the Risk Team to ensure a strong Risk Framework and understanding of Talen's inherent risk.
  • Lead a team of risk management professionals, managing their responsibilities, performance, and training and development.
  • Work closely with Commercial, Operations, Finance, Investor Relations, IT, and other groups to support and improve business outcomes.
  • Forecast Fleet Generation using cQuant, accurately configuring Unit Characteristics and understanding the unique attributes of units and grid contingencies on generation outcomes.
  • Articulate, with clear verbal and written communication, the modeled assumptions and consequential results of those assumptions.
  • Generate and explain GMaR, VaR, Price Risk, and Positions daily.
  • Work with Asset Managers and Operations teams to remain current with how the fleet is operating and being optimized within the current month.
  • Perform sensitivity testing on the total portfolio, including generation and hedges, to identify hidden risks and hotspots.
  • Test the model and portfolio with other ad hoc model assumptions and market assumptions to inform strategic decisions and present results in an organized manner.
  • Identify areas of improvement for automation and collaborate across groups and IT to prioritize, manage, and implement new solutions.
  • Provide analysis for Commercial teams and others as requested for new strategies or structured transactions.
  • Assist across all areas of risk as required.
Requirements
  • An advanced degree in a business-related field or equivalent industry experience.
  • 8+ years in the power and gas industry, preferably with physical power plants.
  • 5+ years of managing and leading teams.
About Talen Energy

Talen Energy is a leading power generation company with approximately 10.7 GW of power infrastructure in the United States. We produce and sell electricity, capacity, and ancillary services into wholesale power markets in the United States primarily in PJM and WECC, with our generation fleet principally located in the Mid-Atlantic and Montana.

We focus on excellence through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. Talen Energy is an equal opportunity employer dedicated to diversity and the strength it brings to the workplace.

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