Credit Risk Manager

Credit Risk Manager

Houston TX Credit

At Talen Energy

This is a senior-level energy credit risk role combining credit analysis trading exposure management collateral and liquidity management contract negotiation quantitative risk modeling and process improvement.

How Youll Power the Future

At Talen Energy your work directly supports safe reliable power this role youll move beyond daytoday contributions to drive meaningful change by:

• Own counterparty credit risk management across power and gas trading portfolios including daily exposure monitoring and preparation of clear decision ready risk reporting for senior management and key stakeholders.

• Perform ongoing creditworthiness assessments through proactive monitoring of counterparty financial condition market developments and industry trends; recommend appropriate credit limits and collateral requirements.

• Manage collateral for bilateral and cleared transactions coordinating with various internal stakeholders.

• Develop and maintain credit risk models and metrics including Potential Future Exposure (PFE) to support portfolio level and counterparty specific risk analysis and decision making.

• Lead initiatives to improve automation and operational efficiency within the credit function through cross functional collaboration.

• Maintain and govern credit terms limits and related data within the companys ETRM system ensuring data integrity and auditability.

• Independently negotiate credit terms in enabling agreements and credit support documentation across multiple business lines (ISDA NAESB PPAs etc.); experience with lien-based structures preferred.

• Conduct stress testing of hedge portfolios to evaluate incremental liquidity requirements under adverse market conditions.

• Analyze valuation changes across trading products and clearly communicate key drivers risk implications and portfolio impacts to commercial stakeholders.

• Evaluate and explain changes in Initial Margin (IM) Variation Margin (VM) and Net Option Value (NOV) resulting from market movements volatility and portfolio composition.

What You Have

Minimum Requirements

• Bachelors degree in Finance Accounting Economics Mathematics Engineering or a related discipline; advanced degree or professional certification such as CFA or FRM preferred.

• Deep understanding of ISO/RTO market operations and associated credit requirements including collateral settlement and default frameworks.

• Proven ability to analyze financial statements assess counterparty creditworthiness and set risk appropriate credit limits across a diverse portfolio.

• Exceptional communication and stakeholder management skills with the ability to confidently engage influence and constructively challenge traders marketers and senior leadership on risk decisions.

• Highly organized and self-directed with a demonstrated ability to prioritize competing deadlines exercise sound judgment and operate effectively in a fast-paced trading environment.

• Able to meet requirements for nuclear plant background clearance where applicable.

Preferred Qualifications

• 8 years of progressive credit risk management experience within the power and gas trading sector including advanced knowledge on derivatives and complex hedging structures.

• Hands on experience managing exchange traded and cleared exposures with a strong grasp of margin drivers (initial margin variation margin net option value) and their impact on liquidity and capital usage.

• Advanced proficiency in Excel VBA and SQL preferred.

Why Talen Energy

Power the Future

Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy

to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive diverse respectful and collaborative workplace and a strong commitment to innovation teamwork and integrity. We generate energy for a brighter tomorrow.

Collaboration

Our passion for excellence grows value through safe and efficient operations. We have an inclusive diverse respectful and collaborative workplace.

Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health dental vision prescription plans life insurance and disability addition employees are eligible to participate in Talen Energys 401(k) plan. Talen Energy also provides competitive vacation and sick time to its employees.

We are committed to providing a safe drug and alcohol-free workplace. Consistent with applicable law and any collective bargaining agreements positions may be subject to pre-employment random post-accident and reasonable suspicion drug and alcohol testing.

Talen Energy is an equal opportunity affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race color age sex religion national origin veteran status sexual orientation genetic information gender identity disability perceived disability or any other protected characteristic as may be defined by applicable law.

If you need assistance with the application process please email us at

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Note to Search Firms and Recruitment Agencies

Talen Energy is committed to fostering direct engagement with prospective candidates and managing our recruitment activities internally. From time to time Talen Energy and its companies partner with select executive search firms and recruitment agencies under formal written agreements aligned to specific business needs.

Talen Energy does not accept unsolicited resumes or candidate submissions from search firms or agencies without a current fully executed agreement authorized by an appropriate company representative. Any candidate information submitted in the absence of such an agreement will be considered the property of Talen Energy and neither Talen Energy nor its subsidiaries will be obligated to pay any fees or compensation related to those submissions.

Note:You will have an opportunity to add attachments to your application. Please use this opportunity toupload your resume cover letter and any relevant documents .