DTE Energy

Risk Manager - Trading & Marketing - Energy Trading & Marketing

LocationDetroit, MI

About This Job

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century. And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states.

But we’re more than a leading energy company... and working at DTE is more than just a job. At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences and values everyone’s health, safety, and wellbeing. Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things.


Testing Required:

Apply by: No later than June 13, 2025 Location: Detroit - Headquarter - Walker Cisler Building


Bidding Restriction: 1 Year

Hybrid Role: Must be able to come on-site periodically and reside a commutable distance from the assigned work location.

Emergency Response: Yes – Must be available to perform a primary assignment in support of DTE’s emergency response to storms or other events that impact service to our customers.


Job Summary

Initiates and manages trading risk management policy, strategy and procedures, personnel, processes, reporting, models and methodologies, and systems of the trading activity for market risk, credit risk, confirmations, Policy and Procedures adherence, capital liquidity, quantitative risk analysis, and trading risk management systems. Manages the interface with company management and risk control staff to monitor compliance with the enterprise's approved trading policies. Identifies, analyzes and mitigates energy trading risks.


Key Accountabilities

Establishes standards for and manages the daily portfolio valuation and risk reporting processes.

Initiates and manages the risk model and methodology processes to create and operate valuation and analytical tools.
Identifies and reports policy or procedure violations to Senior Management.
Generates and presents risk management analyses and reports to the Trading Risk Management Committee.
Reviews Risk Policy Limits for appropriateness and proposes risk limit changes to the Trading Risk Management Committee.
Manages staff and external vendors for the efficient operation of the trading risk management system.
Establishes the tone, implementation and application of continuous improvement methodologies of team to improve quality, delivery and efficiency of assigned work tasks and processes.
Leads and serves as Sarbanes-Oxley managerial review for SOx Key Controls.
Provides all managerial support to employees, creates a positive working environment by supporting DTE Energy core values.


Minimum Education & Experience Requirements

Bachelor's degree with concentration in a business discipline, mathematics, engineering, science or quantitative discipline.

10 years of relevant experience, including 7 years of developing and maintaining risk management policies, procedures, systems, models, and processes in a trading environment or commodity merchant function, and 7 years in an energy markets organization involved with trading, marketing, generation development, acquisition, and optimization.


Other Qualifications


Preferred

Master's degree with concentration in a business discipline, mathematics, engineering, science or quantitative discipline.


Other Requirements

Expert knowledge of the energy markets and various commercial activities including trading, derivatives, marketing, and supply management.

Adept skills to manage and champion risk management initiates and standards within the trading organization.
Strong knowledge of statistical risk measures including VaR, Monte Carlo simulations, stress testing and option pricing models.
IT skills in VBA, SQL and Access would be a plus.
Expert knowledge of wholesale energy market credit standards and exposure calculations.
Strong analytical and writing skills and the ability to communicate effectively with senior management.
Ability to present to the DTE Energy Trading Board and the Trading Risk Management Committee.


Additional Information

Incumbents may engage in all or some combination of the activities and accountabilities, and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct and control the work of employees under their supervision


#LI-SC1


PRIVACY NOTICE TO CALIFORNIA JOB APPLICANTS

At DTE Energy, we are committed to providing an inclusive workplace where everyone feels welcome and a sense of belonging. We seek individuals with a heart for service, a passion to help our communities prosper, and ideas to help shape the future of energy. We are proud to be an equal opportunity, employer that considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by applicable federal and/or state laws.

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