Head of Risk

talisman; United States; On-site; USD 180,000 - 300,000; Full time

Job summary

talisman is seeking a Head of Risk to run the day-to-day risk function across its trading business. This hands-on leadership role has full ownership of daily market risk and credit risk oversight, working close to the trading desks.

The ideal candidate will have 10+ years in energy/commodity risk, experience leading risk teams at trading firms or banks, and strong VaR and ETRM/CTRM expertise with Python and SQL.

Qualifications

• 10+ years of risk experience in energy or commodity trading.
• Current role as Head of Risk, Risk Manager, Director of Risk, or senior risk leader.
• Strong technical expertise in VaR, stress testing, optionality, and basis risk.

Responsibilities

• Run the daily risk process end to end from deal capture to mark-to-market validation.
• Partner with traders to challenge positioning, hedging, and new products; escalate risks to management.
• Manage day-to-day counterparty credit risk: exposure, PFE monitoring, and collateral terms.
• Improve and automate risk reporting and analytics with Python and SQL.

Skills

Python

SQL

VaR

risk management

ETRM/CTRM

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; elevate 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