Credit Risk Manager

Talen Energy; Houston (TX); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

Comprehensive health, dental, vision,

401(k) plan with company match

Generous vacation and sick time

Job summary

Talen Energy is seeking a senior credit risk professional in Houston to manage counterparty credit risk across power and gas portfolios. You will monitor exposures, assess creditworthiness, and optimize collateral and limits while improving risk models and reporting.

Join a team that collaborates across trading and commercial groups to ensure liquidity, data integrity, and compliant risk practices in a dynamic energy market. Commitment to safety and reliability is essential.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Mathematics, or Engineering.
• Deep understanding of ISO/RTO market operations and credit requirements.
• Ability to analyze financial statements and assess counterparty creditworthiness.
• Exceptional communication and stakeholder management with traders and senior leadership.
• Highly organized, self-directed, and able to perform in a fast-paced trading environment.
• Nuclear plant background clearance where applicable.

Responsibilities

• Own counterparty credit risk across power and gas trading portfolios and monitor exposure.
• Prepare clear, decision-ready risk reports for senior management.
• Assess counterparty creditworthiness and set risk-appropriate limits.
• Manage collateral for bilateral and cleared transactions with internal stakeholders.
• Develop and maintain credit risk models and PFE metrics.
• Lead automation initiatives in the credit function and ensure data integrity in the ETRM system.
• Negotiate credit terms in ISDA/NAESB/PPAs; lien-based structures preferred.
• Conduct stress tests to evaluate liquidity under adverse markets.
• Explain changes in margin and NOV to commercial teams.

Skills

Credit risk management

Financial statement analysis

Stakeholder management

Quantitative risk modeling

Communication skills

Trading environment adaptability

Education

Bachelor's degree in Finance/Accounting/Economics/Mathematics/Engineering

CFA/FRM preferred

Tools

Excel

VBA

SQL

Job description

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 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:

• 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 company’s 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

• Bachelor's 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 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.

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.

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.