Senior Director, Market Risk

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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.  

NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Protected Veteran Status/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

EEO is the Law Poster (The poster can be found at http://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)

Official description on file with Talent.