Market Risk Associate

Conduit Power; Houston (TX); Hybrid; USD 90,000 - 150,000; Full time

Benefits offered by this job

401(k) with company match

Flexible benefits

Remote Fridays

Job summary

Conduit Power is seeking a Market Risk Associate in Houston to identify, quantify, and monitor market and financial risks for its natural gas power generation assets in the ERCOT market. The role includes responsibility for risk reporting, hedging analysis, and financial modeling to support forecasting and decision-making.

You will work with FP&A and Risk leadership to analyze price, volume, and credit risks, and you will help ensure compliance with risk policies while collaborating across

Qualifications

• Bachelor's degree in finance, accounting, economics, or a related field required.
• 3-7 years of experience in finance, with power generation/ERCOT market experience preferred.
• Proficiency with CTRM/ETRM and FP&A planning systems (NetSuite, OATI, or similar).
• Advanced Excel and hands-on quantitative modeling (Monte Carlo, VaR) and data tooling (SQL, Power Query, Python or R).

Responsibilities

• Own and produce the daily risk report for the Risk Management Committee (RMC) including dashboard, Forward Simulation, and VaR.
• Maintain the day-ahead/real-time DAM/RT limit model and monitor market conditions against risk limits.
• Decompose revenue drivers (hub, basis, dispatch, premium) and reconcile generation vs forecast at ERCOT nodal level.
• Support hedging analysis across the merchant portfolio and track exposures under risk policy.
• Build and maintain scenario, sensitivity, and stress-test models to assess price, volume, and liquidity impacts.
• Monitor counterparty credit exposure, contract terms, and covenant risk across offtake and financing arrangements.

Skills

Excel

Quantitative analysis

Power Query

Python/R

SQL

VaR

Financial modeling

Attention to detail

Communication

Education

Bachelor's degree in finance, accounting, economics, or related field

Tools

NetSuite

OATI

CTRM/ETRM

Job description

Conduit Power is on a path to supplement our Nation’s power generation system with reliable and dispatchable generation in ways that reduces carbon footprint and accelerates the transition to clean, renewable energy.

We are seeking a highly motivated and detail-oriented Market Risk Associate to join a dynamic owner operator of power generation assets. This role focuses on natural gas power generation for both merchant power within the ERCOT market and industrial behind-the-meter power generation. The ideal candidate will focus primarily on identifying, quantifying, and monitoring the commercial, market, and financial risks that affect each power project’s health and stability, while also supporting financial planning, analysis, reporting, and project-based financial modeling.

Essential Duties and Responsibilities:

• Own and produce the daily risk report for the Risk Management Committee (RMC), including the summary dashboard, Forward Simulation Analysis and Value-at-Risk (VaR).
• Maintain the day-ahead / real-time (DAM/RT) quantitative limit model and market-condition classification, monitoring DA-RT spread, spark spread, and implied heat rate exposures against approved risk limits and flagging breaches.
• Decompose realized revenue into its drivers (hub revenue, basis, dispatch, and premium effects) and reconcile daily generation performance against forecast at the ERCOT nodal level.
• Support hedging analysis and evaluate power, fuel (natural gas), and basis risk across the merchant portfolio, tracking resulting exposures under the Conduit Risk Management Policy.
• Build and maintain scenario, sensitivity, and stress-test models (including Forward simulation) to assess the impact of price, volume, curtailment, and risk on project returns and liquidity.
• Monitor counterparty credit exposure, contract terms, and concentration risk across offtake, supply, and financing arrangements.
• Track compliance with lender covenants and debt service coverage requirements, flagging potential breaches in advance, and support risk reporting to management, lenders, and equity sponsors.

Financial Planning, Forecasting & Strategy

• Assist in financial planning, budgeting, and forecasting processes specific to merchant and behind-the-meter natural gas power generation and battery energy storage.
• Conduct financial analysis to support strategic initiatives, capital strategy, liquidity planning, and the assessment of downside and risk-adjusted scenarios
• Stay informed about industry trends, regulations, and best practices in finance and the energy sector.
• Prepare and analyze financial reports, statements, and models to support decision-making and performance evaluation.
• Monitor and analyze financial trends, variances, and key performance indicators within the ERCOT market.
• Perform monthly cadences for operating assets reviews including variance analysis versus budget and forecasts.

Business Partnership & Cross-Functional Collaboration

• Collaborate with cross-functional teams on special projects and initiatives.
• Provide risk and analytical support to the Risk Management Committee (RMC), reporting to the Head of FP&A and Risk.
• Bachelor's degree in finance, accounting, economics, or a related field.
• 3 - 7 years of experience in finance required, with experience in power generation, power trading, or ERCOT market operations preferred; direct ERCOT nodal-market or middle-office commodity-risk experience strongly preferred.
• Familiarity with CTRM/ETRM and FP&A planning systems (NetSuite, OATI, or similar)
• Advanced Microsoft Excel, plus hands-on quantitative modeling (probability distributions, Monte Carlo simulation, and VaR/GMaR methodology) and data tooling such as SQL, Power Query, or Python/R.
• Experience with financial modeling, scenario analysis, and quantifying financial or market risk.
• Exposure to risk management concepts in energy or project finance (e.g., commodity price/hedging, credit, liquidity, or covenant risk) preferred.
• Solid understanding of financial principles, concepts, and practices.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Familiarity with financial reporting standards and regulations.
• Effective communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Commitment to maintaining confidentiality and integrity in handling financial information.

What Conduit Brings to You:

• Opportunity to play a significant role in transforming the energy industry
• Growth, development, learning, and advancement opportunities
• An extremely flexible environment where your voice, thoughts, and ideas are valued and heard
• Excellent benefits (company-paid and voluntary) including 401(k) with company match

Location:

Houston, TX (remote on Fridays)

Target Comp Range:

Commensurate with experience

About Conduit Power

Conduit Power is an Independent Power Producer (IPP) and services platform dedicated to delivering total power solutions for commercial and industrial customers. We specialize in designing, building, owning, and operating natural gas and battery storage power generation assets.

Our mission is to help customers accelerate in-service dates, reduce energy costs, enhance operational performance, lower carbon emissions, and unlock greater value from natural gas. By combining on-site generation with a robust services platform, Conduit Power enables businesses to take control of their energy future with reliable, scalable, and cost-effective solutions.