Market Risk Manager, US

JERA Global Markets; Singapore; On-site; SGD 230,000 - 306,000; Full time

Job summary

JERA Global Markets seeks a senior Market Risk Manager in Houston to lead our growing North American Gas trading risk function. The role focuses on establishing robust risk controls, coordinating with global teams, and driving risk analytics across portfolios.

You will manage VaR, stress testing, and risk reporting, shaping risk governance with Credit, Internal Audit, and Product Control teams, and guiding junior colleagues toward best practices in risk management.

Qualifications

• Minimum of 15 years of market risk experience.
• Risk management experience in energy/commodity trading or investment banking.
• Strong quantitative and analytical skills with model governance expertise.

Responsibilities

• Oversee all market risk activities, including VaR, sensitivities, stress testing, and risk capital.
• Lead and mentor the Market Risk team in Houston, ensuring efficient processes.
• Collaborate with Front/M Middle Office and Product Control for risk governance.
• Support the design and implementation of holistic risk control frameworks.

Skills

Market risk

Leadership

Risk management

Excel

Python

VBA

SQL

Power BI

Education

Mathematics / Statistics

Graduate qualification in relevant field

Post-graduate qualification in quantitative disciplines

Tools

Power BI

EKA

Allegro

FEA

Topaz

Endur

Matlab

SQL

Job description

COMPANY DESCRIPTION

About the Company

The JERA Global Markets Group (JERAGM) is a leading utility-backed energy trader specialising in LNG, power,coaland freight.

As JERA’s exclusive trading and optimisation platform for majority shareholder, JERAGM operates one of the most exciting energy portfolios in the world, which gives it an in-depth understanding of the way local,regionaland international energy markets behave. Thisexpertiseenables us to capture trading opportunities, optimise portfolios, createvalueand enhance security of supply for our customers.

Headquartered in Singapore, JERAGM has a global talent pool of about 400 people across officeslocatedin five strategic locations: Singapore, the UK (London), Japan (Tokyo), the US (Houston)and Australia (Brisbane).

RESPONSIBILITIES

Position Description

This role forms part of JERA's growing North American Gas Trading business, which is expected to transition onto JERAGM’s trading platform. This business is wholly owned by JERA Co., Inc. and will focus on US natural gas trading,optimisationand market development across North America. Successful candidates will join during the build-out phase ahead of the business's planned operational launch.

The Manager, Market Risk, reporting into theHead ofRisk,based in Houston, will lead the Market Risk team, supporting the business in all key market risk management matters affecting the organisation.

TheMarket Risk teamin the Houston officeis a part oftheMiddle Office Functionin Houston officeand is responsible for the design and implementation of suitable market risk control frameworks and providing both quantitative and qualitative market risk analysis and risk control solutionsto support effective risk management and business decision making.

This is a keyleadershiprole for risk and control within JERAGM: in addition to the Market Risk-specific coverage, the Manager, Market Risk willcontribute to broader risk managementinitiatives across the organisation.You will partner with the Middle Office Function, as well as the broader Supporting Functions, to ensure that the Risk Control Framework is effective and to continuously improve its efficiency and scale,ensure the risk frameworkaligns with JERAGM's broader governance and risk management objectivesStrong collaboration and stakeholder engagement skills are essential.The role will involve close liaison with Credit Risk, Internal Audit and Product Control teams and require interaction across the business tomaintaina firm control culture.

The role will also require close collaboration with the Market Risk teams in London and Singapore to support global risk consolidation, ensure consistency in risk governance and reporting, and contribute to the development of a cohesive global Market Risk function.

The successful candidate will play a key role in driving risk infrastructure enhancements, model governance initiatives, and strategic risk transformation projects across the organisation.

The position willbe located inHouston office. The Manager,MarketRiskin Houston office will reportinto the Senior Manager, Market Risk in JERAGM, who is based in London, and indirectly into the Head of Risk,in Houston office,based in Houston, and will involvethe management and mentoring of Market Risk analyst.

Key Role Responsibilities

Overseeing theMarketRisk team inHouston office, this rolewillbe responsible for:

• As a leader in the risk control team, you will oversee all market risk activities, including the preparation of daily, weekly and monthly market risk reports, including but not limited to Value at Risk (VaR), sensitivities (the Greeks), stress testing, risk capital calculations, etc.

• Support and contribute to the identification of new risks within the portfolio and any new business activities.

• Analyse and quantify the market risk of theportfolioin Houston office, across theUSbusiness units, tradingbooksand products/instruments.

• Prepare analysis, as directed by theSeniorManager, Market Risk in JERAGM and/orHead of Riskin Houston office, for consideration by the Market Risk Committee and/or New Business Committee (NBC).

• Leading theMarket Risk Teamin Houston office, you will oversee the resourcing of the market risk activities and processes. The ability to manage, train / develop, coach and mentor the more junior members of theMarket Risk Teamin Houston officewill be critical.

• Working with the Risk teams across the JERAGM Group, this role willdrivingandfacilitatingthe set-up of new business activities, including overseeingthe Market Risk Team's contribution to the NBC preparation.

• Contribute to the design and implementation of a holistic risk control framework, with a focus on market risk.

• Support a risk-conscious culture and promote better-practice controls with the organisation through engagement and interaction with the commercial and control teams, across our global trading locations.

• Work closely with and support theQuant /Model & Valuations Team in the validation and development of risk and valuation models, including system testing and optimisation.

• Support the broader digitalisation and transformation initiatives, looking at our risk technology,dataand data flows, and at automation and digitalisation opportunities across our business and risk landscape.

• Promote a culture of continuous improvement by leading, modelling and engaging in constructive challenge of existing processes.This includes looking at processes within the Market Risk Team, as well as shared processes and interfaces, collaboration and integration with Middle Office and Supporting Function teams.

• Key liaison with Commercial / Front Office, Middle Office Functions (Product Control, Credit Risk, Internal Control, Legal, Compliance & Contracts, Treasury, etc.)across the JERAGM Groupand Shareholder departments.

QUALIFICATIONS

Key Qualifications and Experience

Experience

• A minimum of 15 years of relevant market risk experience

• A background in risk management within an energy or commodity trading company, or Tier-1 investment bank.

• Ideally a graduate qualification in any or a combination of the following subject areas: Mathematics / Statistics, Econometrics, Physics, Chemistry, Engineering, Finance, Computing and Business, or equivalent.

• Ideally a post-graduate qualification in any or a combination of the following subject areas: Mathematics / Statistics, Chemistry, Physics, Engineering, Actuarial Sciences, Quantitative Finance or Financial Engineering, Econometrics, Business Administration, or equivalent.

• Detailed knowledge of Value-at-Risk, scenario analysis, back testing / stress testing, expected shortfall, and other market risk techniques.

• Knowledge of the market risk associated with physical commodities, traded and real option portfolios.

• Exposure to both physical and financial energy markets.

• Proficient in Microsoft Office products including Excel,VBAand Python.

• Knowledge ofEKA,Allegro, FEA,Topaz,Endur, Power BI,Matlab, SQL or other data analytics or quantitative analytics packages may be useful.

• Derivatives valuation,pricingand quantitative risk modelling experience highly valued, including gas storage and swing models

Person Specification

• Excellent analytical skills and a focus on accuracy and precision.

• Strong written and verbal communication with ability to present quantitative analysis to all audiences.

• Ability toleveragerelationships to influence without authority and add value to risk information.

• Respectful, collaborative / easy to work with and dependable.

• Proactive with the ability to thrive in a team environment under often disparate and conflicting pressures.

• Able to work independently with limited direction as well as within and across teams.

Role Opportunity

This is a high-impact role within a globally distributed Market Risk team, offering significant exposure to senior stakeholders and complex, cross-commodity risk issues. The successful candidate will play a key role in driving analytical depth, supporting risk model development, and improving risk reporting processes.