Portfolio Risk Manager

COBRA INDUSTRIAL ACTIVITIES INC; Houston (TX); On-site; USD 140,000 - 200,000; Full time

Benefits offered by this job

401(k)

401(k) matching

Bonus based on performance

Dental insurance

Health insurance

Paid time off

Vision insurance

Job summary

A leading renewable energy firm seeks a Renewable Portfolio Risk Manager in Houston, Texas. This role involves designing risk frameworks for renewable assets, developing hedging strategies, and leveraging advanced analytics for price forecasting. The ideal candidate will have at least 5 years of experience in a similar role within the Renewable Energy sector and possess strong quantitative modeling skills. Knowledge of tools like Python, R, and Power BI will be advantageous. Competitive benefits are included.

Qualifications

• Minimum 5 years of experience in the Renewable Energy sector.
• Experience in an international environment is a plus.
• Strong organization skills to coordinate tasks.

Responsibilities

• Develop commercial trading and hedging strategies.
• Build internal tools for asset evaluation and reporting.
• Execute strategies for forward hedging of assets.
• Coordinate with ISO teams for Day-Ahead offers and congestion risk.
• Structure hedges using energy, options, Virtuals, FTR/TCR/CRR, and ICE power trades.
• Analyze PPA terms, risks, and suggest risk-mitigating language.
• Price option strategies to reduce tail-end risk in volatile markets.
• Stay current on MISO/ERCOT regs; prepare automated management reports.
• Support M&A on merchant prices, ancillary services, RECs.
• Apply data analytics, ML forecasts, or fundamental modeling to improve forecasts.

Skills

Quantitative modeling

Commercial negotiation

Regulatory compliance

Data analytics

Problem-solving

Fluency in Spanish

Education

Bachelor’s degree in Engineering, Finance, or Economics

Tools

Microsoft Excel

Python

R

SQL

Power BI

SQL

Power BI

Job description

Benefits:

• 401(k)
• 401(k) matching
• Bonus based on performance
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Position Summary:

The Renewable Portfolio Risk Manager designs and operates the risk framework for utility‑scale and distributed renewable assets, power purchase agreements (PPAs), renewable energy certificates (RECs), and related market exposures. This role blends quantitative modeling, commercial negotiation support, regulatory compliance, and cross‑functional program delivery to keep the portfolio within risk appetite while enabling growth.

Key Responsibilities:

• Develop and deploy commercial trading and hedging strategies to maximize the profitability of Cobra’s renewable assets while managing market risks.
• Build tools internally to evaluate the risk allocated to our own assets, the expected revenues according to price forecasts. Drive automation of reporting, trade capture, and risk dashboards to improve accuracy and decision‑making speed.
• Develop and execute strategy for forward hedging of Storage and solar assets.
• Develop strategies and execute trades with the Congestion Trading team to assess congestion risks in the respective Independent System Operators (ISOs) as well as build and deploy strategies for Day‑Ahead offers for a large portfolio of solar PV farms.
• Articulate and execute hedging strategies deploying different instruments according to various risk profiles, including energy hedges, options, Virtuals, Point‑to‑Point transactions, Firm Transmission Rights (FTR)/Transmission Congestion Rights (TCR)/Congestion Revenue Rights (CRR), and Intercontinental Exchange (ICE) financial power transactions.
• Analyze and discuss the commercial terms of existing and upcoming Power Purchase Agreements (PPAs), identifying the underlying risks, and proposing alternative language and/or risk mitigation strategies.
• Analyze and price option strategies designed to reduce tail‑end risk exposure to market volatility and inherent asset offtake structures.
• Being up to date on the Regulation of the markets in which we already have presence like MISO and ERCOT. Prepare automated reports for the management.
• Give support to M&A activities regarding merchant prices, ancillary services capacity markets, RECs.
• Leverage advanced data analytics, machine learning forecasts, or fundamental modeling to improve price forecasting, congestion analysis, and risk assessment.

Qualifications:

• Bachelor’s degree or foreign equivalent in Engineering, Finance, Economics, or closely related field.
• A minimum of 5-year experience in similar role within the Renewable Energy sector.
• Used to work in an international environment and different geographies is a plus.
• Domain Microsoft Office package, especially Microsoft Excel, Word and Power Point.
• Interest and proficiency in database management, combined with knowledge of other programming tools (such as Python, R, SQL) or Power BI.
• Strong organization skills and ability to coordinate multiple tasks and deliverables.
• Ability to multi‑task, while working independently and as part of a team.
• Motivated self‑starter, goal‑oriented, and strong problem‑solving abilities.
• Fluency in Spanish is a plus.