Senior Director, Market Risk

NRG•Houston, NJ

3d•$201,120 - $331,800•Hybrid

About The Position

Welcome to the intersection of energy and home services. At NRG, we’re all about propelling the next generation of leaders forward. We are driven by our passion to create a smarter, cleaner and more connected future. We deliver innovative solutions that make our customers’ lives easier—helping them power, protect, and intelligently manage their homes and businesses. To do this, we need creative and talented people to join our company. We offer a dynamic work environment and a unified and inclusive culture. NRG fosters a strong sense of belonging that leads to better collaboration and business performance. Our company programs are designed to help employees develop the skills they need for success now and in the future. In everything we do, we aim to champion our employees and bring value to our customers, investors and society. More information is available at www.nrg.com. Connect with NRG on Facebook, Instagram, LinkedIn and X. 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.

Requirements

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.

Nice To Haves

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.

Responsibilities

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.
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.
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.
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.
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.