Power & Gas Market Risk Manager

Houston, TX 77002

Posted: 10/15/2025 Industry: Energy-Middle Office Job Number: 1856

Job Description

A national integrated energy provider with wholesale power generation and retail load management is searching for a Market Risk Manager to oversee market risk activities for its retail power and gas portfolios. This newly created position will focus on complex Corporate & Industrial (C&I) contracts across several US states, including the Midwest and Northeast markets. Initial responsibilities include integrating a newly acquired retail natural gas portfolio and establishing a strong risk management framework across both financial and physical activities for the complete retail business. The team is expected to grow as the retail business expands. Market Risk responsibilities include:
  • Risk Management & Analysis: Monitor and report on daily market risk exposures, including time and location spreads, cross-commodity arbitrage, options, and hedging activity against approved limits. Reconcile, report, and explain the daily PnL, and perform independent price verification of pricing curves.
  • Portfolio Management: Monitor position limits across portfolios and analyze performance.
  • Reporting & Communication: Prepare and communicate reports for internal stakeholders.

Educational and professional requirements include a Bachelor’s degree in Finance or related field; 5+ years in a market risk or product control role supporting both power & gas portfolios, including experience with project management, system integration, and process development; strong knowledge of both retail and wholesale power & gas markets and a strong understanding of physical and financial trading; strong technical skills including Excel (Python skills is a plus); and strong analytical and communication skills.
 
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