Director, Market Risk

Talen Energy

1d

About The Position

Director, Market Risk - The Market Risk team plays a critical role in enabling informed decision‑making across Talen Energy’s physical and financial trading portfolios. As Director, Market Risk, you will provide strategic leadership over market risk reporting, analytics, valuation oversight, and portfolio insights, partnering closely with Trading, Finance, Quantitative Risk, IT, and Risk Leadership. This role has a direct impact on risk governance, portfolio performance transparency, and the evolution of market risk capabilities across the enterprise. How You’ll Power the Future 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 by: Market Risk Leadership & Strategy Set the strategic direction for Market Risk reporting, analytics, and portfoio insight across the portfolio. Serve as a risk partner to risk leadership, providing clear market risk perspectives, trends, and forward-looking analysis to support risk oversight and governance discussions. Own the Market Risk functional roadmap, including reporting, analytics, systems, and data capabilities. Act as the senior subject-matter expert for market risk across the risk organization. Risk Reporting & Analytics Oversee Market Risk reporting, including but not limited to FOM scorecards, P&L, position reporting, cash reporting, lost opportunity cost, shadow reporting, and ad-hoc risk analytics. Own P&L reporting and P&L explain processes, including Realized and Unrealized P&L, ensuring accuracy, transparency, and consistency. Direct the development of portfolio-level metrics to evaluate exposure, performance, and historical market trends. Oversee gross margin (DPR) reporting and analytics across portfolios. Portfolio, Valuation & Risk Insight Provide leadership oversight for cash month position and P&L reporting, partnering with IT on scalable and automated solutions. Oversee development of weighted average sales price, option premium recognition, and other economic vs accounting differences. Support valuation review and market risk assessment of structured transactions and complex deal structures. People Leadership & Talent Development Lead, develop, and mentor a team of Market Risk professionals, fostering a culture of analytical rigor, accountability, and continuous improvement. Set performance expectations, provide coaching, and develop succession plans for key Market Risk roles. Scale the Market Risk organization to support business growth and increasing portfolio complexity. Data, Systems & Process Excellence Own Risk data quality expectations and reporting integrity within systems of record. Lead data transformation initiatives (Clean, Clear, Consistent, Catalogued) to shift focus from report production to value-added analysis. Develop tools and analytical frameworks that enhance portfolio risk visibility and decision support. Ensure documentation of Market Risk processes, methodologies, and reporting logic. Cross-Functional Leadership Partner closely with Front Office, Middle Office, Back Office, Finance, IT, Quantitative Risk Management, and Risk stakeholders. Facilitate alignment across FO/MO/BO on positions, P&L, and market risk reporting outcomes. Lead cross-functional initiatives with enterprise impact, ensuring delivery against scope and business objectives. Support audits, governance reviews, and risk leadership discussions by providing Market Risk analysis and subject-matter expertise.

Requirements

• Bachelor’s degree in finance, economics, business, engineering, or a related discipline, or equivalent experience.
• 10+ years of experience in power and gas markets with deep expertise in market risk reporting, analytics, and portfolio analysis.
• 5+ years of people leadership experience managing Market Risk or closely related analytical teams.
• Strong experience with market risk methodologies, metrics, and reporting frameworks.
• Proven track record leading complex, cross‑functional initiatives in fast‑paced trading environments.
• Hands‑on experience with ETRM systems and market risk reporting tools.
• Advanced analytical skills using Excel, SQL, VBA, Python, or similar technologies.
• Exceptional communication skills with the ability to present complex market risk concepts to senior stakeholders.

Nice To Haves

• Advanced degree in finance, economics, engineering, or a related field.
• Prior experience with Openlink Endur or similar ETRM platforms.
• Deep knowledge of physical and financial trading instruments within PJM or similar markets.
• Experience leading data transformation initiatives and modernizing risk analytics and reporting capabilities.
• Demonstrated success scaling teams and building succession plans within risk organizations.

Responsibilities

• Set the strategic direction for Market Risk reporting, analytics, and portfoio insight across the portfolio.
• Serve as a risk partner to risk leadership, providing clear market risk perspectives, trends, and forward-looking analysis to support risk oversight and governance discussions.
• Own the Market Risk functional roadmap, including reporting, analytics, systems, and data capabilities.
• Act as the senior subject-matter expert for market risk across the risk organization.
• Oversee Market Risk reporting, including but not limited to FOM scorecards, P&L, position reporting, cash reporting, lost opportunity cost, shadow reporting, and ad-hoc risk analytics.
• Own P&L reporting and P&L explain processes, including Realized and Unrealized P&L, ensuring accuracy, transparency, and consistency.
• Direct the development of portfolio-level metrics to evaluate exposure, performance, and historical market trends.
• Oversee gross margin (DPR) reporting and analytics across portfolios.
• Provide leadership oversight for cash month position and P&L reporting, partnering with IT on scalable and automated solutions.
• Oversee development of weighted average sales price, option premium recognition, and other economic vs accounting differences.
• Support valuation review and market risk assessment of structured transactions and complex deal structures.
• Lead, develop, and mentor a team of Market Risk professionals, fostering a culture of analytical rigor, accountability, and continuous improvement.
• Set performance expectations, provide coaching, and develop succession plans for key Market Risk roles.
• Scale the Market Risk organization to support business growth and increasing portfolio complexity.
• Own Risk data quality expectations and reporting integrity within systems of record.
• Lead data transformation initiatives (Clean, Clear, Consistent, Catalogued) to shift focus from report production to value-added analysis.
• Develop tools and analytical frameworks that enhance portfolio risk visibility and decision support.
• Ensure documentation of Market Risk processes, methodologies, and reporting logic.
• Partner closely with Front Office, Middle Office, Back Office, Finance, IT, Quantitative Risk Management, and Risk stakeholders.
• Facilitate alignment across FO/MO/BO on positions, P&L, and market risk reporting outcomes.
• Lead cross-functional initiatives with enterprise impact, ensuring delivery against scope and business objectives.
• Support audits, governance reviews, and risk leadership discussions by providing Market Risk analysis and subject-matter expertise.

Benefits

• 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.

What This Job Offers

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