Risk Analytics Manager - Credit (Power & Gas)

A key Optimus power generation client is seeking a senior-level Risk Analytics professional to join their lean credit risk team supporting power and natural gas trading activities. This is a highly hands-on role (not a people manager) that sits at the intersection of credit risk, market exposure, margin, liquidity, and commercial risk management.

This is not a pure quantitative or traditional credit underwriting role. The position requires strong commercial judgment, hands-on portfolio analysis, and the ability to manage the day-to-day mechanics of credit and exposure within a fast-moving energy trading environment.

Qualified candidates please send your resume to your Optimus recruiter or [email protected]

What You’ll Do

• Manage daily credit and counterparty exposure across power and natural gas trading portfolios, identifying significant changes and investigating the underlying drivers.
• Monitor exchange and clearing-related margin activity, including Initial Margin, Variation Margin, and other collateral requirements, and investigate material discrepancies or unexpected movements.
• Analyze portfolio concentrations, counterparty exposure, liquidity requirements, and longer-dated transactions to identify emerging risk.
• Apply Potential Future Exposure (PFE) concepts and other exposure measures to evaluate risk across extended deal horizons and changing market conditions.
• Assess the impact of market movements, volatility, portfolio composition, and valuation changes on credit exposure and liquidity.
• Partner with traders, commercial teams, treasury, legal, and other stakeholders to understand transactions and ensure appropriate risk protections are in place.
• Work with Legal on the development and negotiation of credit provisions within trading agreements, including ISDA and other credit support documentation.
• Help establish and maintain appropriate credit terms, collateral requirements, limits, and exposure parameters.
• Support stress testing and scenario analysis to evaluate potential exposure and liquidity needs under adverse market conditions.
• Investigate data and reporting issues, understand how risk information flows through systems, and ensure exposure and credit data is accurate and reliable.
• Identify opportunities to automate and improve existing credit and risk processes.
• Maintain strong documentation, controls, and auditability around credit and exposure management.
• Produce clear, decision-ready reporting for senior stakeholders and commercial leadership.

What We’re Looking For

• Bachelor’s degree in Finance, Accounting, Economics, Mathematics, Engineering, or a related discipline.
• 8+ years of combined experience in energy credit risk, market risk, trading risk, treasury, or a closely related function within the power and natural gas markets.
• Strong understanding of ISO/RTO power markets and the risk, credit, collateral, and settlement considerations associated with energy trading.
• Experience with derivatives, hedging strategies, and longer-dated energy transactions.
• Hands-on understanding of exchange-traded and cleared products, FCM relationships, margin requirements, and the drivers behind IM, VM, and other collateral movements.
• Ability to analyze counterparty and portfolio exposure and recognize when a material change requires further investigation.
• Working knowledge of Potential Future Exposure (PFE) and other quantitative exposure concepts.
• Strong financial analysis skills, including the ability to evaluate counterparty financial information and broader market conditions.
• Experience working with Legal and commercial teams on ISDA or other energy trading agreements and credit provisions.
• Strong understanding of data structures, data flows, and how risk information moves from source systems into reporting and analysis.
• Advanced Excel skills; experience with SQL, Python, VBA, or similar analytical tools is highly desirable.
• Ability to work independently in a lean, hands-on environment where initiative and sound judgment are critical.
• Strong communication skills and the confidence to respectfully challenge traders, banks, counterparties, and other stakeholders when the numbers or risk profile do not make sense.
• Experience with ETRM platforms is valuable. Familiarity with systems such as Endur, Allegro, SAP, or quantitative risk tools is a plus.

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