Credit Risk Manager

Houston TX | Credit

This is a senior-level energy credit risk role combining credit analysis, trading exposure management, collateral and liquidity management, contract negotiation, quantitative risk modeling, and process improvement.

How You’ll Power the Future

• Own counterparty credit risk management across power and gas trading portfolios, including daily exposure monitoring and preparation of clear, decision ready risk reporting for senior management and key stakeholders.

• Perform ongoing creditworthiness assessments through proactive monitoring of counterparty financial condition, market developments, and industry trends; recommend appropriate credit limits and collateral requirements.

• Manage collateral for bilateral and cleared transactions, coordinating with various internal stakeholders.

• Develop and maintain credit risk models and metrics, including Potential Future Exposure (PFE), to support portfolio level and counterparty specific risk analysis and decision making.

• Lead initiatives to improve automation and operational efficiency within the credit function through cross functional collaboration.

• Maintain and govern credit terms, limits, and related data within the company’s ETRM system, ensuring data integrity and auditability.

• Independently negotiate credit terms in enabling agreements and credit support documentation across multiple business lines (ISDA, NAESB, PPAs, etc.); experience with lien-based structures preferred.

• Conduct stress testing of hedge portfolios to evaluate incremental liquidity requirements under adverse market conditions.

• Analyze valuation changes across trading products and clearly communicate key drivers, risk implications, and portfolio impacts to commercial stakeholders.

• Evaluate and explain changes in Initial Margin (IM), Variation Margin (VM), and Net Option Value (NOV) resulting from market movements, volatility, and portfolio composition.

What You Have

Minimum Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Mathematics, Engineering, or a related discipline; advanced degree or professional certification such as CFA or FRM preferred.

• Deep understanding of ISO/RTO market operations and associated credit requirements, including collateral, settlement, and default frameworks.

• Proven ability to analyze financial statements, assess counterparty creditworthiness, and set risk appropriate credit limits across a diverse portfolio.

• Exceptional communication and stakeholder management skills, with the ability to confidently engage, influence, and constructively challenge traders, marketers, and senior leadership on risk decisions.

• Highly organized and self-directed, with a demonstrated ability to prioritize competing deadlines, exercise sound judgment, and operate effectively in a fast-paced trading environment.

• Able to meet requirements for nuclear plant background clearance, where applicable.

Preferred Qualifications

• 8+ years of progressive credit risk management experience within the power and gas trading sector, including advanced knowledge on derivatives and complex hedging structures.

• Hands on experience managing exchange traded and cleared exposures, with a strong grasp of margin drivers (initial margin, variation margin, net option value) and their impact on liquidity and capital usage.

• Advanced proficiency in Excel, VBA, and SQL preferred.

Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance.  In addition, employees are eligible to participate in Talen Energy’s 401(k) plan.  Talen Energy also provides competitive vacation and sick time to its employees.

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Note to Search Firms and Recruitment Agencies

Talen Energy is committed to fostering direct engagement with prospective candidates and managing our recruitment activities internally. From time to time, Talen Energy and its companies partner with select executive search firms and recruitment agencies under formal, written agreements aligned to specific business needs.

Talen Energy does not accept unsolicited resumes or candidate submissions from search firms or agencies without a current fully executed agreement authorized by an appropriate company representative. Any candidate information submitted in the absence of such an agreement will be considered the property of Talen Energy, and neither Talen Energy nor its subsidiaries will be obligated to pay any fees or compensation related to those submissions.

Note: You will have an opportunity to add attachments to your application. Please use this opportunity to upload your resume, cover letter, and any relevant documents .