Head of Risk

talisman; United States; On-site; USD 180,000 - 240,000; Full time

Job summary

Talisman seeks a Head of Risk to lead the day-to-day risk function across its trading activities. This hands-on leadership role sits close to the desks with full ownership of market and counterparty risk, VaR, stress testing, and P&L attribution.

You will drive end-to-end risk processes and analytics while guiding a team of risk professionals. The ideal candidate has 10+ years in energy/commodity risk, strong ETRM/CTRM experience, and the ability to challenge the front office with credibility to

Qualifications

• 10+ years of risk experience in energy or commodity trading.
• Experience leading risk teams and communicating risks to senior management.
• Strong technical expertise in VaR, stress testing, and basis risk.

Responsibilities

• Run daily risk process from deal capture to VaR, stress testing, and mark-to-market.
• Partner with traders to challenge positions and escalate risks.
• Manage day-to-day counterparty credit risk, collateral, and terms.
• Develop and automate risk reporting with Python and SQL.
• Collaborate with senior management on risk posture.

Skills

Risk management

VaR

Stress testing

Python

SQL

P&L attribution

ETRM/CTRM

Counterparty risk

Leadership

Stakeholder management

Tools

ETRM/CTRM

Job description

Our client, a growing energy trading firm, is seeking a Head of Risk to run the day-to-day risk function across its trading business. This is a hands-on leadership seat close to the desks, with full ownership of daily market risk and credit risk oversight.

Head of Risk Responsibilities:

• Run the daily risk process end to end, from deal capture in the energy trading and risk management (ETRM) system through valuation, Value at Risk (VaR), stress testing, exposure monitoring, limit checks, P&L attribution, and mark-to-market validation.
• Partner with and independently challenge traders on positioning, hedging, and new products; escalate limit breaches and emerging risks to senior management.
• Manage day-to-day counterparty credit risk: exposure and PFE monitoring, collateral and margining, and credit terms under ISDA/EEI/NAESB
• Improve and automate risk reporting and quantitative analytics with hands-on work in Python and SQL.
• 10+ years of risk experience within energy or commodity trading, across North American power markets and/or global gas and commodity markets (power, gas, LNG, liquids, environmental products, or renewables)
• Currently a Head of Risk, Risk Manager, Director of Risk, or senior market risk or credit risk leader at a trading firm, merchant trader, utility, IPP, or bank commodities desk
• Strong technical expertise in Value at Risk (VaR), stress testing, optionality, and basis risk across physical and financial products, with hands-on ETRM/CTRM experience
• Proven ability to challenge the front office while communicating risk findings credibly to senior management