Director Market Risk

Hanwha Energy USA; Houston (TX); On-site; USD 180,000 - 240,000; Full time

Job summary

Hanwha Energy USA, doing business as Chariot Energy, is seeking a director-level professional to lead risk analytics for US power and natural gas markets from our Houston office. The role focuses on building and maintaining analytical tools for risk management, interfacing with Supply and Technology teams, and reporting risk to senior leadership.

The ideal candidate has deep North American energy market knowledge, extensive experience in market risk, and the ability to operate in a fast-paced,

Qualifications

• Bachelor’s Degree in Finance, Economics or other quantitative field.
• 8–10 years in Energy commodities trading or related financial markets.
• 6+ years in a Market Risk or risk management role.

Responsibilities

• Assist in marking wholesale and retail price curves including implied hourly scalers and scarcity premiums.
• Build and maintain monitoring checks to ensure risk limits and reporting accuracy.
• Work independently in a global, matrixed organization with a results-driven approach.
• Analyze complex financial information to provide timely data for decision-making by supply and management.
• Prepare financial models and data mining tools for variance analysis.
• Review and explain daily risk movements, drivers and sensitivities.
• Monitor positions versus limits per approved risk mandates.

Skills

Analytical skills

Stakeholder engagement

Energy markets knowledge

APIs & data delivery

Builder mindset

Agile experience

Communication skills

Multitasking

Education

Bachelor's degree in Finance/Economics/Quantitative

Tools

SQL

R

Python

Job description

Chariot Energy, is an affiliate company of Hanwha Energy USA and ultimately Hanwha Group, a FORTUNE Global 500 firm that is among the eight largest business enterprises in South Korea. Hanwha Energy USA designs, builds and manages solar power plant solutions. The company brings a decade of global leadership in solar PV to North America, combining best-of-world technology, processes, and partnerships to deliver utility-grade solar PV solutions customized for local energy markets. Hanwha Energy USA offers the full spectrum of PV solutions – from power plant development, design, construction, operations, and maintenance. With proven capabilities across the solar value chain, Hanwha Energy USA minimizes uncertainty and risk, and helps customers achieve a higher return on their investment in solar energy.

Hanwha Energy USA has recently embarked to enter the energy retail market in deregulated markets throughout North America. Chariot Energy is a retail energy provider based in Houston, Texas. We offer electricity to homes and businesses, and it is our goal to provide products and services our customers love and an unmatched experience that is missing in today’s retail energy market.

Hanwha Energy USA has set out to have Chariot Energy become one of the leading energy retail providers (by RCE count) within 5-years of Chariot Energy’s launch.

POSITION OVERVIEW

We are seeking a technical and driven professional, at a director level, who is independent, results-oriented, self-motivated and wants to be part of a dynamic organization. The ideal candidate will have experience in deregulated retail electricity space as well as a technical background. As part of the risk desk enabling the growth of Chariot/Hanwha Energy USA’s business, this role will be responsible for running and maintaining all analytical tools needed for risk management activities in various US power and natural gas markets working closely with Supply and Technology teams. Monitor and report risk metrics regularly to senior management, the successful candidate will gain exposure to a wide range of businesses and products in a global environment. Liaising with Supply, Operations and support staff. This role will ensure that trading systems adequately represent the risk profile of the trading books, and that risk numbers are reported in an accurate and timely manner. Building strong relationships with clients and stakeholders across all levels and interacting regularly with Executive leadership to ensure the market risks arising from day-to-day trading positions are fully understood and managed appropriately within the limit framework.

This role will be located in Houston Texas, and the ideal candidate will be within commutable distance to the Houston office location. This is an onsite required role.

RESPONSIBILITIES

• Assist in the marking of all the relevant wholesale and retail price curves including implied hourly scalers and scarcity premiums,
• Build and maintain monitoring checks to ensure compliance of all approved risk limits including position, mark-to-market and simulation based reports
• Ability to work independently and collaboratively in a global, matrixed organization, with resilience and a results-driven approach.
• Analyze complex financial information and reports to provide accurate and timely financial information to supply team and management for decision-making purposes
• Preparing financial models and data mining tools for variance analysis
• Analyzing complex financial information and reports to provide accurate and timely financial information to supply team and management for decision-making purposes
• Review, validate, and explain daily risk movements, key drivers, and sensitivities
• Monitor commodity positions versus limits in accordance with approved risk mandates and escalation procedures.

REQUIRED COMPETENCIES

• Proven problem-solving capability with strong analytical skills including statistical analysis,
• Stakeholder Engagement – Understands the importance of seeking out relationships and working with others toward a shared goal.
• Domain Knowledge: Strong familiarity with North American energy markets (Power, Gas, or Environmental products), deregulated energy markets, modeling of physical assets, and the workflows of front / middle / back office associated with trading desks.
• Technical Fluency - Deep understanding of real-time data delivery, APIs, and the technical requirements of high-frequency trading environments.
• Builder Mindset - Demonstrated success in launching new products from concept to market dominance.
• Excel in agile environments and have a track record of increasing deployment velocity.
• Strong interpersonal and presentation skills coupled with deep analytical capabilities.
• Ability to multitask and work under multiple deadlines

REQUIRED QUALIFICATIONS

• Bachelor’s Degree Required in Finance, Economics or any other hard science quantitative.
• 8 - 10 years of work experience in Energy commodities trading, commodities financing, financial markets with a minimum of six (6) years in a Market Risk, Management role.
• Familiarity with trading systems, data structures, and interfaces, and an advanced grasp of financial market concepts/theory.
• Ability to assess mathematical derivative pricing models within the context of real-world market conditions.
• Strong analytical, problem-solving, and consulting skills, with the ability to form independent views on risk
• Excellent communication skills, confident in engaging with senior business leaders and risk management colleagues.

PREFFERED QUALIFICATIONS

• Advanced technological skills particularly financial modeling in Excel and Access
• Development skills in SQL, R or Python
• Financial Risk Manager (FRM) and/or CFA a plus

Hanwha Energy USA d/b/a Chariot Energy, provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. www.mychariotenergy.com

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As set forth in Hanwha Energy USA’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

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