NRG Energy

Senior Director, Market Risk

NRG Energy$201K — $331K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, Operations Research, or related field; or equivalent experience.
  • Minimum 10 years in Commercial, Finance, Risk Management, Data Analytics, or the Energy Industry.
  • Extensive experience in market risk, quantitative analytics, and portfolio risk management.
  • Strong understanding of risk frameworks, valuation, stress testing, and scenario analysis in a commodity environment.
  • Knowledge of generation forecasting and portfolio optimization concepts.
  • Proficient in ETRM systems and aligning risk methodologies with data outputs.
  • Demonstrated leadership in managing teams and influencing senior stakeholders.
  • Excellent analytical and strategic thinking skills.

Responsibilities

  • Lead market risk strategy and oversight for integrated energy portfolios.
  • Oversee identification and assessment of market risks across various portfolio activities.
  • Translate risk exposures and valuation movements into actionable insights for senior leadership.
  • Direct the design and application of quantitative models for risk assessment.
  • Guide team in developing predictive models and analytical tools.
  • Conduct market stress testing and evaluate portfolio performance under various conditions.
  • Deliver executive-level reports and summaries on market risk and portfolio performance.

Benefits

  • Hybrid work schedule with in-office and remote work flexibility.
  • Minimal overtime required, with some exceptions for project deadlines.
  • Opportunity for travel within the U.S., up to 30%.
  • Participation in comprehensive benefits program including medical, vision, dental, and 401K.
  • Access to performance-based incentives and program-specific awards.
Full Job Description
Position Summary:

The Senior Director, Market Risk is responsible for leading a market risk organization that provides independent oversight, analytics, and insight across complex commodity and portfolio exposures. This role oversees the Market Risk Analytics and Generation forecasting team and is accountable for advancing market risk governance, quantitative analytics, portfolio valuation insight, model oversight, stress testing, and executive reporting to support informed decision-making across NRG's commercial and risk management activities. The leader serves as a strategic partner to senior leadership, helping ensure that portfolio risks are identified, measured, monitored, and communicated in a timely, objective, and business-relevant manner.

Essential Responsibilities:

Market Risk Leadership & Portfolio Oversight
  • Lead the market risk strategy and day-to-day oversight for complex integrated energy portfolios, including portfolio optimization, valuation insight, and exposure monitoring across business segments, commodities, and risk types.
  • Oversee the identification, assessment, monitoring, and communication of market risks associated with trading, hedging, structured transactions, generation, retail load, and other portfolio activities.
  • Ensure risk exposures, position changes, valuation movements, and emerging portfolio issues are translated into clear, actionable insights for senior leadership and governance committees.
  • Lead strategic reviews related to portfolio alignment, hedge limits, transaction approvals, and risk/reward tradeoffs.

Quantitative Modeling, Analytics & Decision Support
  • Oversee the design, enhancement, and application of quantitative models, valuation methodologies, and scenario-based analysis used to assess portfolio risk and support business decisions.
  • Guide the team's development of algorithms, predictive models, and analytical tools that strengthen risk measurement, portfolio construction insight, and forward-looking scenario analysis.
  • Direct market and liquidity stress testing, sensitivity analysis, and risk decomposition to evaluate portfolio performance under changing market conditions.
  • Partner with portfolio managers, traders, research analysts, and other commercial stakeholders to evaluate risk limit usage, tail exposure, structured transactions, and forward-looking risk events.

Risk Governance, Controls & Model Oversight
  • Ensure risk policies, methodologies, and procedures remain current, effective, and aligned with corporate risk tolerance and governance expectations.
  • Oversee model validation, methodology review, and control effectiveness across risk analytics processes, including valuation assumptions, calibration, and data integrity.
  • Maintain a strong control environment by supporting compliance monitoring, risk reporting accuracy, price curve validation, and other risk control activities as appropriate to the function.
  • Partner with Accounting, Finance, Audit, Technology, and other cross-functional teams to ensure risk-related data, outputs, and controls are reliable, explainable, and scalable.

Executive Reporting & Cross-Functional Partnership
  • Deliver enterprise-wide desk and management reporting that supports monitoring, escalation, and decision-making related to market risk and portfolio performance.
  • Prepare executive-level summaries, presentations, and recommendations regarding portfolio exposures, risk trends, emerging issues, and potential mitigation actions.
  • Collaborate closely with Commercial, Trading, Structuring, Finance, Accounting, Technology, and other business partners to align risk insights with operational and strategic priorities.
  • Serve as a trusted advisor to senior leadership by communicating complex quantitative and market risk topics in a concise, business-relevant way.

People Leadership
  • Lead, coach, and develop a high-performing team of quantitative and risk professionals, fostering strong technical capability, analytical rigor, accountability, and collaboration.
  • Set priorities and performance expectations for the team while supporting talent development, succession planning, and continuous improvement of processes and tools.


Required Skills & Experience:
  • Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, Operations Research, or another quantitative or related field, or equivalent relevant experience.
  • Minimum 10 years in Commercial, Finance, Risk Management, Data Analytics, the Energy Industry, or a related quantitative field.
  • Significant progressive experience in market risk, quantitative analytics, portfolio risk, risk modeling, commodity trading risk, or a related discipline.
  • Strong understanding of market risk frameworks, valuation concepts, stress testing, scenario analysis, quantitative models, and portfolio governance within a commodity or energy environment.
  • Demonstrated understanding of generation forecasting, dispatch logic, and portfolio optimization concepts, including familiarity with models such as Henwood and dispatch modeling approaches.
  • Experience working with ETRM systems and aligning risk methodologies, data, and reporting outputs across commercial and technology platforms.
  • Demonstrated leadership experience managing technical teams and influencing senior stakeholders across complex, cross-functional organizations.
  • Strong analytical and strategic thinking skills, with the ability to synthesize complex information into clear recommendations.
  • Excellent written and verbal communication skills, including the ability to communicate technical risk topics to executive audiences.


Preferred Skills & Experience:
  • Advanced degree in a quantitative field such as Finance, Economics, Statistics, Mathematics, Engineering, or similar discipline.
  • Experience with Python and data/analytics tools such as Power BI, SQL, or similar platforms.
  • Knowledge of electricity and gas markets, structured transactions, options, tolling, and other complex commodities or energy products.
  • Experience improving risk systems, automating analytics, or enhancing model and reporting capabilities through technology and data solutions.
  • AI proficient, with the ability to leverage AI-enabled tools and automation to improve analysis, reporting, and decision support.


Working Conditions:
  • Hybrid work schedule, Monday-Thursday in a professional open office environment office; working remotely on Friday
  • Minimum overtime, but it may be necessary to complete special projects or meet deadlines
  • Travel within the U.S. as required, approximately up to 30% of the time


The base salary range for this position is: $201,120-$331,800. The base salary range above represents the low and high end of the salary range for this position. Actual salaries will vary based on several factors including but not limited to location, experience, and performance. The range listed is just one component of the total compensation package for employees. Other rewards may include annual bonus, short- and long-term incentives, and program-specific awards. In addition, the position may be eligible to participate in the benefits program which include, but are not limited to, medical, vision, dental, 401K, and flexible spending accounts.

Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

Official description on file with Talent.

About NRG Energy

NRG is at the forefront of changing how people think about and use energy. Whether as the largest solar power developer in the country or by giving customers the latest tools to better manage their energy use, NRG is a pioneer in developing smarter energy choices. Our diverse power generating facilities have a capacity of about 52,000 megawatts, capable of supporting almost 42 million homes. Our retail electricity providers — Reliant and Energy Plus — and thermal energy division serve nearly 3 million residential, business, commercial and industrial customers. A Fortune 250 company, NRG supports clean energy resources and technologies critical to our transition to a sustainable, low carbon society. We built the nation's first privately-funded electric vehicle charging infrastructure and continue to create new, clean energy solutions for our customers. In addition to our environmental efforts, we actively contribute to the local communities where NRG employees live and work. Since 2004, our Global Giving program has provided millions of dollars to organizations and charities that have a direct impact on the lives of the people in our communities, including food banks and those that foster self-sufficiency, improve housing and provide supplemental education to people in need. NRG has also organized special responses for victims of extreme catastrophe, such as the Haitian earthquake and the Japanese tsunami in 2010. Employee donations were tripled to maximize the contributions. NRG has won numerous awards for industry leadership and many of its nationwide econrg initiatives, which are targeted toward meeting the challenges of climate change, clean air and natural resources protection.

NRG Energy Careers

Join the vibrant team at NRG Energy, a leader in the power and energy sector, and contribute to a sustainable future while advancing your career. At NRG Energy, we are committed to innovation, leadership, and diversity, ensuring a dynamic workplace where growth and opportunity are at the forefront.

Work You’ll Do

At NRG Energy, you’ll engage in meaningful work that powers communities and fosters environmental stewardship. Our team of professionals is dedicated to leading the energy sector through cutting-edge innovation and sustainable practices. By joining us, you help shape the future of energy, leveraging your skills to make a significant impact.

Explore Job Opportunities and Internships

Whether you’re a seasoned professional or a recent graduate, NRG Energy offers a range of job opportunities and internships that will harness your potential and polish your skills. Our positions span from technical roles in energy management to leadership tracks in corporate functions. Each role is crucial in driving our mission of a sustainable energy future.

Career Development and Benefits

NRG Energy is deeply invested in the professional growth of its employees. We offer robust career development programs, including leadership training, professional networking opportunities, and diversity training. Our benefits package is designed to support the well-being and financial security of our team members and their families, promoting a healthy work-life balance.

Culture of Innovation and Diversity

Our company culture celebrates diversity, encourages innovation, and fosters a collaborative environment. At NRG Energy, you’ll work alongside a diverse team of experts, each bringing unique perspectives that drive our success. We believe that inclusive teamwork and innovative thinking are the keys to our continued growth and leadership in the energy sector.

Join Our Team

Embark on a rewarding career path at NRG Energy by exploring our current hiring opportunities. Tailor your job search to match your career aspirations and skills. Prepare your resume, ace the interview, and join a team that’s committed to making a difference.

Stay Connected

Keep up to date with the latest from NRG Energy: - **Career Insights**: Gain industry-leading insights and read about the latest trends in the energy sector on our careers blog. - **Job Alert Emails**: Customize your subscription to receive job alerts and insider tips that align with your career preferences. At NRG Energy, your career is more than a job—it’s a journey of growth, learning, and leadership. Join us in powering the world’s energy future while building a promising career for yourself. Explore opportunities, embrace our culture, and be part of our mission to lead the energy transition.

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Learn more about NRG Energy
Size
6,635 employees
Market Cap
$7.4 billion
Industry
Net Income
$510 million
Founded
1989
5 Year Trend
+24.8%
Revenue
$9 billion
NASDAQ

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