Head of Risk

talisman; United States; On-site; USD 180,000 - 280,000; Full time

Job summary

Talisman, a growing energy trading firm in the United States, is seeking a Head of Risk to lead the day-to-day risk function across its trading book, owning market and credit risk oversight. This hands-on leadership role partners with traders, champions risk controls, and drives automated reporting using Python and SQL.

The ideal candidate has 10+ years in energy/commodity risk and a track record of influencing senior management.

Qualifications

• 10+ years of risk experience in energy or commodity trading.
• Experience as Head of Risk, Risk Manager, or senior risk leader.
• Strong VaR, stress testing, and basis risk expertise.
• Hands-on with ETRM/CTRM systems and risk reporting.

Responsibilities

• Run the daily risk process end to end across the trading book.
• Challenge traders on positioning, hedging, and new products.
• Oversee counterparty credit risk, exposure monitoring, and collateral terms.
• Improve and automate risk reporting with Python and SQL.
• Communicate risk findings to senior management and escalate issues.

Skills

Risk management

VaR

Python

SQL

ETRM/CTRM

Stakeholder communication

P&L attribution

Tools

ETRM/CTRM systems

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