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Manager Market Risk

Manager Market Risk

NextEra EnergyHouston, TX, US
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Manager Market Risk

At Gexa Energy, a NextEra Energy Resources company, we provide reliable low-cost energy solutions. Focused on customer satisfaction, we offer innovative electricity plans tailored to the diverse needs of Texas homes and businesses. If you're passionate about making a difference in the energy industry and delivering exceptional customer experiences, join our team today.

We are seeking an experienced Market Risk Manager to join our growing team in Houston. This role reports directly to the Director of Risk Management in Juno Beach and will be responsible for overseeing market risk management activities across Gexa's power and gas portfolio. The successful candidate will play a critical role in establishing and managing comprehensive risk assessment, monitoring, and mitigation strategies for our expanding energy trading and retail operations.

This position is responsible for ensuring the Gexa Marketing functions are operating in a controlled environment and within established risk management limits. The role is responsible for reviewing daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Marketing Functions and Juno Beach Risk team to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.

Risk Management & Analysis :

  • Support development and implementation of market risk management frameworks for power and gas trading activities
  • Monitor, analyze, and report on market risk exposures and assess exposures versus established limits
  • Daily reconciliation and verification of trading P&L
  • Explain profit and loss performance to management
  • Produce and distribute daily P&L and attribution, position, and risk reports
  • Perform independent price verification of pricing curves, propose valuation reserves as appropriate

Portfolio Management :

  • Evaluate transactions including calculating Day 1 and other reserves
  • Monitor position limits and exposure across power and gas portfolios
  • Analyze portfolio performance and provide recommendations for optimization
  • Collaborate with portfolio management teams on asset optimization strategies
  • Regulatory & Compliance :

  • Support regulatory reporting activities
  • Maintain documentation and controls to support compliance programs
  • Systems & Process Development :

  • Support implementation and enhancement of risk management systems
  • Create and maintain risk management procedures and documentation
  • Support system integrations and data quality initiatives
  • Drive implementation of enhanced risk analytics and AI initiatives coordination
  • Reporting & Communication :

  • Prepare daily, weekly, and monthly risk reports for management
  • Present risk metrics and analysis to senior leadership
  • Communicate risk exposures and recommendations to stakeholders
  • Support board-level risk reporting as needed
  • Qualifications :

  • Proven success on a leading power and gas trading floor as a risk manager and / or product controller or closely related roles, e.g., trader, 8+ years
  • Strong knowledge of power and gas markets, as well as other energy and traded markets
  • Strong understanding of physical trading, derivatives, and financial products
  • Excellent quantitative and analytical skills
  • Excellent proficiency in Excel, SQL, and quantitative programming languages such as Python
  • Experience with Energy Trading Risk Management Systems
  • Degree in a quantitative discipline
  • Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach
  • Professional passionate about risk management
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    Market Manager • Houston, TX, US

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