The Market Risk Manager is responsible for daily market risk and P&L reporting, risk limit monitoring, portfolio analytics, and cross-functional communication to ensure transparent performance and risk management. This role delivers timely executive-ready insights, maintains key reporting processes and controls, and partners with Commercial, Operations, Finance/FP&A, and Investor Relations to support decision-making.
Key Responsibilities
P&L and Market Risk Reporting
Produce a morning preview of daily P&L and communicate key drivers.
Perform P&L attribution and explain results versus expectations.
Prepare P&L explained narratives suitable for executive and stakeholder consumption.
Monitor risk limits and deliver risk limit and executive reporting.
Maintain portfolio scorecards, dashboards, and recurring presentations.
Document P&L assumptions and maintain a controlled assumptions library.
Deliver ad hoc analysis to support trading, hedging, and management decisions.
Develop and maintain PTC price buildup and related supporting analytics.
Projects and Process Improvements
Translate and load P&L assumptions into databases to improve traceability and reporting automation.
Rebuild and enhance P&L reports to improve accuracy, usability, and delivery timelines.
Drive continuous improvement in data management, controls, and portfolio analytics views.
FP&A and Finance Partnership
Support Finance/FP&A with mark-to-market (MtM) valuation analysis (e.g., AWS MtM) and related reconciliations.
Build forward margin and portfolio value roll-forwards to support forecasting and planning.
Maintain and update modeling inputs (e.g., PTC inputs) and related documentation.
Prepare and maintain scorecards used for management reporting and planning processes.
Deliver planning outputs in required formats (e.g., Planful extracts) to internal stakeholders.
Fuel Impacts and Generation Summary
Run fuel impact analysis on power plants for Operations and Finance stakeholders and summarize implications for current-quarter performance.
Distribute results at the beginning of each month and respond to inbound questions with clear, supportable explanations.
Maintain repeatable processes, inputs, and controls to ensure consistent monthly delivery.
Unit Characteristics (UC) and Outage Updates
Send UCO requests and develop/maintain a schedule of expected unit characteristic updates for generation assets
Partner with Operations, Commercial, and Finance to gather updates and validate assumptions.
Stage UCO updates and run current-quarter (cQ) impact analysis; finalize impacts through to P&L.
Communicate impact analysis, document rationale, and seek required approvals.
Manage ad hoc UCO requests and maintain a tracker of changes and impacts, including source references.
Backup Reporting and Cross-Coverage
Provide backup support for presentation deck reviews, REC & EFEC reporting, and new portfolio views/analysis.
Provide cross-coverage for UC staging and approvals as needed.
Back up daily morning commercial reporting, including pricing, dashboard, position, position limit, cash month position, and position dashboard maintenance.
Support coal impairment processes by running cQuant with provided WACI, refreshing downstream analysis, and providing results to Finance with documented controls.
Minimum Qualifications
Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, or a related field (or equivalent practical experience).
10+ years experience in market risk management, portfolio analytics, trading support, FP&A, or a related role with strong preference in PJM power markets, plus if experience with market risk reporting for generation assets
Strong understanding of P&L drivers, risk metrics/limits, and valuation concepts (including mark-to-market where applicable).
Advanced Excel skills and ability to work with large datasets; comfort working with dashboards and recurring reporting routines.
Ability to synthesize complex results into clear written and verbal explanations for both technical and non-technical audiences.
Strong process discipline, documentation mindset, and attention to controls and data quality.
Preferred Qualifications
Experience in commodities/power/gas markets and hedge performance reporting.
Proficiency with SQL and/or Python for automation, analytics, and data validation.
Experience with planning and reporting tools (e.g., Planful) and BI platforms (e.g., Power BI/Tableau).
Familiarity with risk systems, ETRM/CTRM platforms, and/or valuation models, experience with Endure Openlink a plus
Demonstrated experience improving reporting processes, controls, and data pipelines.
Why Talen Energy?
Power the Future
Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy
to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. We generate energy for a brighter tomorrow.
Collaboration
Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace.
Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance. In addition, employees are eligible to participate in Talen Energy's 401(k) plan. Talen Energy also provides competitive vacation and sick time to its employees.
We are committed to providing a safe, drug and alcohol-free workplace. Consistent with applicable law and any collective bargaining agreements, positions may be subject to pre-employment, random, post-accident, and reasonable suspicion drug and alcohol testing.
Talen Energy is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.
If you need assistance with the application process, please email us at Careers@talenenergy.com
Please note that roles supporting Talen Energy's nuclear facilities are subject to rigorous background investigation and security clearance requirements consistent with federal regulatory standards.
Note to Search Firms and Recruitment Agencies
Talen Energy is committed to fostering direct engagement with prospective candidates and managing our recruitment activities internally. From time to time, Talen Energy and its companies partner with select executive search firms and recruitment agencies under formal, written agreements aligned to specific business needs.
Talen Energy does not accept unsolicited resumes or candidate submissions from search firms or agencies without a current fully executed agreement authorized by an appropriate company representative. Any candidate information submitted in the absence of such an agreement will be considered the property of Talen Energy, and neither Talen Energy nor its subsidiaries will be obligated to pay any fees or compensation related to those submissions.
Note: You will have an opportunity to add attachments to your application. Please use this opportunity to upload your resume, cover letter, and any relevant documents .
Talen is a leading independent power producer and energy infrastructure company dedicated to powering the future.?We own and operate approximately 13.2 GW of power infrastructure in?the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale power markets in?the United States, with our generation fleet located in the Mid-Atlantic, Ohio and?Montana.
Our team is committed to generating power safely and reliably and delivering the most value per megawatt produced.? Talen is also powering the digital infrastructure revolution.? We are well-positioned to capture this growing industry, as artificial intelligence data centers increasingly demand more reliable, clean power.?
We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. Talen is headquartered in Houston, Texas.
Talen Energy is committed to providing a safe, drug and alcohol-free workplace. Consistent with applicable law and any collective bargaining agreements, positions may be subject to pre-employment, random, post-accident, and reasonable suspicion drug and alcohol testing.
Talen Energy is an equal opportunity employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability, or any other protected characteristic as may be defined by applicable law.
For more information visit www.talenenergy.com .
If you need assistance with the application process, please email us at Careers@talenenergy.com
