VP, Risk Management

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We are seeking a Vice President of Risk Management for a pivotal role in strategically guiding the growth of our US Renewables business.

This position involves anticipating and navigating existing and emerging risks with expert proficiency to address challenges impacting our company, community, and customers.

Reporting to the CFO of US Renewables and the Global VP of Risk Management, this role will lead a growing team of over ten professionals overseeing market, credit, trading operational and wider enterprise risk management, with a focus on comprehensive risk governance for AES’ US asset portfolio.

This role collaborates closely with diverse functional teams across the AES Clean Energy organization and is instrumental in driving the business’s expansion, operations, and future development.

AES Renewables is committing over $5B annually to operationalize multiple GWs, with the risk management function being crucial for these investment decisions and the delivery of structured products after operations.

Principal Duties and Responsibilities :

As VP of Risk Management, your responsibilities include :

• Overseeing quantitative risk, market risk, credit risk, and governance functions within the US Risk Management Team.
• Leading a team of risk professionals, including goal setting, performance monitoring, coaching, prioritization, and other managerial tasks.
• Governing the US Risk Management Committee to ensure efficient transaction approvals.
• Collaborating with Commercial, Development, and the Corporate Risk Team to support business growth and new commercial activities.
• Providing guidance and oversight on :
• Transaction impacts on Market Risk (VaR, Position Limits, Stress Testing).
• Counterparty credit review, monitoring, and approval.
• Working capital and cash exposure (MPE, PFE).
• Enterprise risk management (Market, Operational, and Financial Risks).
• Project and warehouse insurance management.
• Supporting the preparation and approval of an annual Market Management Strategy defining risk appetite and delegation for the VP of Risk Management.
• Reviewing and approving the risk attributes of investment opportunities and new structured products aligned with the market management strategy.
• Constructively challenging trading, development, and M&A activities to ensure policy compliance and alignment with strategy.
• Fostering a culture of transparency around risk-taking.
• Delivering reporting and analytics providing insights into AES’ renewable asset portfolio.
• Regularly updating senior management and the board of directors on exposures, risk management efforts, and enterprise risk.

Qualifications :

• Over 10 years of relevant experience in Commercial or Risk Management within the US power markets.
• Experience leading a team of 5+ members.
• Bachelor’s degree in Finance, Economics, Math, Engineering, Sciences, or equivalent.
• Understanding of market risk management and portfolio theory, principles, and measurement concepts including Value-at-Risk, Cash Flow-at-Risk, stress reporting, and other risk measures like Back Testing analysis.

Experience with developing mitigation plans for identified risks.

• Knowledge of maximum potential exposure and potential future exposure concerning commodity hedging and interest rate hedging activities.
• Understanding of counterparty credit assessment and creditworthiness determination.
• Familiarity with Enterprise Risk Management frameworks.
• Competence in reporting / analytics and experience with ETRM systems.
• A collaborative team player eager to learn and teach alongside team members.
• Effective communicator with a history of successful collaboration.
• Ability to explain complex models and transactions clearly to non-technical audiences.
• Self-motivated with intellectual curiosity about changing market fundamentals.
• Self-directed with the ability to perform well under tight deadlines.
27 days ago