Credit Risk Manager (Hybrid)

Published
November 26, 2021
Location
Houston, TX
Category
Job Type

Description

At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to millions of customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy.

Job Summary: 

Reporting to the Head of Wholesale Credit Risk, the successful candidate will have at least 10 years of applicable credit/financial risk experience in the energy industry, with demonstrated abilities in structured transactions, modeling, credit analytics, and exposure measurement and management.  Experience in negotiating standard energy trading contracts, including their implications in the management of credit risk and exposure mitigation.

Essential Duties/Responsibilities:

  • Establish, monitor and actively manage counterparts within predefined Key Performance Indicators (KPI’s) and contractual covenants. 

  • Work as part of a team of Credit professionals to ensure effective operation of credit function.

  • In partnership with the commercial team negotiate credit provisions of industry standard energy trading master agreements in accordance with the company’s credit policy and practice. 

  • Oversee assigned trading area and implement processes for effective portfolio risk management.

  • Prompt and clear escalation to Head of Wholesale Credit Risk of credit issues.

  • Ensure proposed solutions of credit issues are compliant with Credit Risk Management Polices. 

  • Engage with internal & external stakeholders to ensure clear and prompt issue/query are handled and brought to resolution.

  • Strong working relationship with front office to respond to credit related inquiries from the commercial team.

  • Perform in-depth credit analysis outlining transaction, purpose, strengths, risks and mitigants.  

  • Ensure credit databases and systems are maintained and updated.

Working Conditions:

  • Open office environment

  • Ability to work effectively in a remote environment.

Minimum Requirements:

  • University undergraduate degree in finance, accounting, economics or related field

  • Six (6) years of related experience in energy financial analysis, credit or risk management

  • Excellent analytical and modeling skills to understand structured transactions, credit risk management, portfolio and hedging concepts

  • Strong leadership skills

  • Demonstrated knowledge of standard credit assessment techniques, including calculation of potential future exposure and valuation for a wide variety of complex transactions

  • Experience in negotiating energy master agreements, including ISDAs, NAESBs, GasEDIs, EEIs and other customer agreements

  • Strong financial analysis and business acumen

  • Demonstrate creativity and intelligent solutions in structuring sophisticated customer transactions

  • Strong written and oral communication skills

  • Demonstrate confidence and willingness to lead discussions in a logical and balanced manner across business units and geographies 

  • Detail oriented, able to work independently as well as collaboratively with other team members and departments

  • Assist in the development of analytical tools and models for the Credit Risk group

  • Assist in researching and compiling data regulatory filings in collaboration with other teams responsible

  • Work with multiple business units and functions to develop additional risk reports, as well as suggest and implement improvements to the existing suite of reports and processes

Preferred Qualifications:

  • Extensive experience with MS Excel, and highly skilled with other MS Office products including Access, Word PowerPoint, and PowerBI

  • Experience with ETRM system management and use

  • Experience with credit/collateral management systems and process

Additional Knowledge, Skills and Abilities:

  • Experience with SQL

NRG Energy is committed to a drug and alcohol free workplace.  To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Protected Veteran Status/Disability

EEO is the Law Poster (The poster can be found at http://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)

Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.

Official description on file with Human Resources

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