Market Risk Manager

Talen Energy • Houston, TX

3d

About The Position

Talen Energy is seeking a Market Risk Manager who will be responsible for daily market risk and P&L reporting, risk limit monitoring, portfolio analytics, and cross-functional communication to ensure transparent performance and risk management. This role delivers timely executive-ready insights, maintains key reporting processes and controls, and partners with Commercial, Operations, Finance/FP&A, and Investor Relations to support decision-making. At Talen Energy, your work directly supports safe, reliable power generation. In this role, you’ll move beyond day‑to‑day contributions to drive meaningful change.

Requirements

• Bachelor’s degree in Finance, Economics, Engineering, Mathematics, Statistics, or a related field (or equivalent practical experience).
• 10+ years experience in market risk management, portfolio analytics, trading support, FP&A, or a related role with strong preference in PJM power markets, plus if experience with market risk reporting for generation assets
• Strong understanding of P&L drivers, risk metrics/limits, and valuation concepts (including mark-to-market where applicable).
• Advanced Excel skills and ability to work with large datasets; comfort working with dashboards and recurring reporting routines.
• Ability to synthesize complex results into clear written and verbal explanations for both technical and non-technical audiences.
• Strong process discipline, documentation mindset, and attention to controls and data quality.

Nice To Haves

• Experience in commodities/power/gas markets and hedge performance reporting.
• Proficiency with SQL and/or Python for automation, analytics, and data validation.
• Experience with planning and reporting tools (e.g., Planful) and BI platforms (e.g., Power BI/Tableau).
• Familiarity with risk systems, ETRM/CTRM platforms, and/or valuation models, experience with Endure Openlink a plus
• Demonstrated experience improving reporting processes, controls, and data pipelines.

Responsibilities

• Produce a morning preview of daily P&L and communicate key drivers.
• Perform P&L attribution and explain results versus expectations.
• Prepare P&L explained narratives suitable for executive and stakeholder consumption.
• Monitor risk limits and deliver risk limit and executive reporting.
• Maintain portfolio scorecards, dashboards, and recurring presentations.
• Document P&L assumptions and maintain a controlled assumptions library.
• Deliver ad hoc analysis to support trading, hedging, and management decisions.
• Develop and maintain PTC price buildup and related supporting analytics.
• Translate and load P&L assumptions into databases to improve traceability and reporting automation.
• Rebuild and enhance P&L reports to improve accuracy, usability, and delivery timelines.
• Drive continuous improvement in data management, controls, and portfolio analytics views.
• Support Finance/FP&A with mark-to-market (MtM) valuation analysis (e.g., AWS MtM) and related reconciliations.
• Build forward margin and portfolio value roll-forwards to support forecasting and planning.
• Maintain and update modeling inputs (e.g., PTC inputs) and related documentation.
• Prepare and maintain scorecards used for management reporting and planning processes.
• Deliver planning outputs in required formats (e.g., Planful extracts) to internal stakeholders.
• Run fuel impact analysis on power plants for Operations and Finance stakeholders and summarize implications for current-quarter performance.
• Distribute results at the beginning of each month and respond to inbound questions with clear, supportable explanations.
• Maintain repeatable processes, inputs, and controls to ensure consistent monthly delivery.
• Send UCO requests and develop/maintain a schedule of expected unit characteristic updates for generation assets.
• Partner with Operations, Commercial, and Finance to gather updates and validate assumptions.
• Stage UCO updates and run current-quarter (cQ) impact analysis; finalize impacts through to P&L.
• Communicate impact analysis, document rationale, and seek required approvals.
• Manage ad hoc UCO requests and maintain a tracker of changes and impacts, including source references.
• Provide backup support for presentation deck reviews, REC & EFEC reporting, and new portfolio views/analysis.
• Provide cross-coverage for UC staging and approvals as needed.
• Back up daily morning commercial reporting, including pricing, dashboard, position, position limit, cash month position, and position dashboard maintenance.
• Support coal impairment processes by running cQuant with provided WACI, refreshing downstream analysis, and providing results to Finance with documented controls.

Benefits

• comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance.
• Talen Energy’s 401(k) plan.
• competitive vacation and sick time

What This Job Offers

• Job Type: Full-time
• Career Level: Senior