Head of Risk

Job Description

Head of Risk

Our client, a growing energy trading firm, is seeking a Head of Risk to run the day-to-day risk function across its trading business. This is a hands-on leadership seat close to the desks, with full ownership of daily market risk and credit risk oversight.

Head of Risk Responsibilities:

\n
• Run the daily risk process end to end, from deal capture in the energy trading and risk management (ETRM) system through valuation, Value at Risk (VaR), stress testing, exposure monitoring, limit checks, P&L attribution, and mark-to-market validation.
\n
• Partner with and independently challenge traders on positioning, hedging, and new products; escalate limit breaches and emerging risks to senior management.
\n
• Manage day-to-day counterparty credit risk: exposure and PFE monitoring, collateral and margining, and credit terms under ISDA/EEI/NAESB
\n
• Improve and automate risk reporting and quantitative analytics with hands-on work in Python and SQL.
\n

Risk Experience/Requirements:

\n
• 10+ years of risk experience within energy or commodity trading, across North American power markets and/or global gas and commodity markets (power, gas, LNG, liquids, environmental products, or renewables)
\n
• Currently a Head of Risk, Risk Manager, Director of Risk, or senior market risk or credit risk leader at a trading firm, merchant trader, utility, IPP, or bank commodities desk
\n
• Strong technical expertise in Value at Risk (VaR), stress testing, optionality, and basis risk across physical and financial products, with hands-on ETRM/CTRM experience
\n
• Proven ability to challenge the front office while communicating risk findings credibly to senior management
\n