Manager Market Risk

Requisition ID:

91296

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.

Position Specific Description

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.

Overview

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

Job Overview

Employees will be highly skilled, hands-on market risk managers and product controllers with proven experience in a trading floor environment. Strong technical skills are expected with a deep understanding of traded markets, especially power and other energy commodities. While this role has no direct reports, leadership and mentoring of junior staff is an important part of the role.

Job Duties & Responsibilities

- Engage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operations

- Develop and implement market risk models, including VaR, stress testing, and scenario analysis

- Monitor, analyze, and report on market risk exposures and assess exposures versus established limits

- Produce and distribute daily PnL and attribution, position, and risk reports

- Perform independent price verification of pricing curves, and propose valuation reserves as appropriate

- Significant involvement in month-, quarter-, and year-end closing processes

- Support systems upgrades and implementations and Trading Risk Management automation projects

- Conform to SOX controls processes and innovate controls improvements

- Mentor junior team members

- Foster a risk aware culture, model high ethical standards, and be a champion for the company’s values of excellence, doing the right thing, and respect

- Performs other job-related duties as assigned

Required Qualifications

- Bachelor's Degree

- Experience: 7+ years

Preferred Qualifications

- Master's Degree

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Click here

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Employee Group:

Exempt

Employee Type:

Full Time

Job Category:

Energy Trading

Organization:

NextEra Energy Project Management, LLC

Relocation Provided:

Yes, if applicable

NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law.

NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to recruiting-coordinator.sharedmailbox@nexteraenergy.com , providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.

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