Manager Market Risk
Date: Oct 8, 2025
Location(s): Houston, TX, US, 77002
Company: NextEra Energy
Requisition ID: 91296
At Gexa Energy, a NextEra Energy Resources company, we provide reliable low-cost energy solutions. Focused on customer satisfaction, we offer innovative electricity plans tailored to the diverse needs of Texas homes and businesses. If you're passionate about making a difference in the energy industry and delivering exceptional customer experiences, join our team today.
Position Specific Description
We are seeking an experienced Market Risk Manager to join our growing team in Houston. This role reports directly to the Director of Risk Management in Juno Beach and will be responsible for overseeing market risk management activities across Gexa's power and gas portfolio. The successful candidate will play a critical role in establishing and managing comprehensive risk assessment, monitoring, and mitigation strategies for our expanding energy trading and retail operations.
Overview
This position is responsible for ensuring the Gexa Marketing functions are operating in a controlled environment and within established risk management limits. The role is responsible for reviewing daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Marketing Functions and Juno Beach Risk team to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.
Risk Management & Analysis:
Support development and implementation of market risk management frameworks for power and gas trading activities
Monitor, analyze, and report on market risk exposures and assess exposures versus established limits
Daily reconciliation and verification of trading P&L
Explain profit and loss performance to management
Produce and distribute daily P&L and attribution, position, and risk reports
Perform independent price verification of pricing curves, propose valuation reserves as appropriate
Portfolio Management:
Evaluate transactions including calculating Day 1 and other reserves
Monitor position limits and exposure across power and gas portfolios
Analyze portfolio performance and provide recommendations for optimization
Collaborate with portfolio management teams on asset optimization strategies
Regulatory & Compliance:
Support regulatory reporting activities
Maintain documentation and controls to support compliance programs
Systems & Process Development:
Support implementation and enhancement of risk management systems
Create and maintain risk management procedures and documentation
Support system integrations and data quality initiatives
Drive implementation of enhanced risk analytics and AI initiatives coordination
Reporting & Communication:
Prepare daily, weekly, and monthly risk reports for management
Present risk metrics and analysis to senior leadership
Communicate risk exposures and recommendations to stakeholders
Support board-level risk reporting as needed
Qualifications
Proven success on a leading power and gas trading floor as a risk manager and/or product controller or closely related roles, e.g., trader, 8+ years
Strong knowledge of power and gas markets, as well as other energy and traded markets
Strong understanding of physical trading, derivatives, and financial products
Excellent quantitative and analytical skills
Excellent proficiency in Excel, SQL, and quantitative programming languages such as Python
Experience with Energy Trading Risk Management Systems
Degree in a quantitative discipline
Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach
Professional passionate about risk management
Job Overview
Employees will be highly skilled, hands-on market risk managers and product controllers with proven experience in a trading floor environment. Strong technical skills are expected with a deep understanding of traded markets, especially power and other energy commodities. While this role has no direct reports, leadership and mentoring of junior staff is an important part of the role.
Job Duties & Responsibilities
Engage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operations
Develop and implement market risk models, including VaR, stress testing, and scenario analysis
Monitor, analyze, and report on market risk exposures and assess exposures versus established limits
Produce and distribute daily PnL and attribution, position, and risk reports
Perform independent price verification of pricing curves, and propose valuation reserves as appropriate
Significant involvement in month-, quarter-, and year-end closing processes
Support systems upgrades and implementations and Trading Risk Management automation projects
Conform to SOX controls processes and innovate controls improvements
Mentor junior team members
Foster a risk aware culture, model high ethical standards, and be a champion for the company's values of excellence, doing the right thing, and respect
Performs other job-related duties as assigned
Required Qualifications
Bachelor's Degree
Experience: 7+ years
Preferred Qualifications
Master's Degree
NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Clickto learn more.
Employee Group: Exempt
Employee Type: Full Time
Job Category: Energy Trading
Organization: NextEra Energy Project Management, LLC
Relocation Provided: Yes, if applicable
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law.
NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.
NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.
NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies . Please see ourfor more information.
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