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:

The Manager, Risk Analytics will be responsible for utilizing, maintaining, and enhancing risk and valuation models for the energy generation and retail supply portfolio of the leading customer-focused integrated energy and services provider.

Essential Duties/Responsibilities:

Specific duties include: (1) evaluating complex transactions to identify market and credit risk impacts to the company; (2) applying strong analytical, quantitative, and IT skills, to utilize, maintain, and enhance market, credit, and operational risk models; (3) performing analytical and quantitative analysis to quantify valuation and risk for individual transactions, as well as on a portfolio level.

Working Conditions:

• Hybrid work schedule, 3 days in office, 2 days remote work
• Open office environment
• Some overtime required as special projects arise.

Minimum Requirements:

• Thorough understanding of structured energy transactions and strong understanding of probability, statistics, time series analysis, and stochastic calculus.
• Excellent communication skills.
• B.S. degree in Mathematics, Econometrics, Statistics, Computer Science, or Engineering.
• 7-10 years of analytical and quantitative experience with a financial or energy trading company.

Preferred Qualifications:

• Strong communication skills.
• Understanding of commodity transaction types and market structures (Forward vs. Spot markets), experience within both the power and fuels sectors.
• Demonstrated ability to understand and communicate complex portfolios and transactions.
• Quantitative analytics experience of using Stochastic Calculus, Monte-Carlo Simulations and Econometrics, Optimization Techniques.
• Experience with derivative pricing (Option, Forwards, Swaps, Weather Derivatives, Tolls, Physical and Virtual Plants, Load Following) and energy risk management (VaR, GMaR, PFE).
• Experience with trading and risk management systems.
• Proficiency in Python, R, Matlab, SAS programming languages.
• Advanced Degree in a quantitative discipline.

Physical Requirements:

• Majority of work performed on a personal computer in a seated position

Why NRG is a great place to work:

• Company-paid life insurance and disability insurance
• Great company culture!! Voted as a BEST employer by Forbes
• Generous PTO plan, plus 8 company holidays, and 3 floating holidays
• A competitive total compensation package, including annual incentive and/or commission
• Numerous discounts, including electricity discounts on NRG brands
• Benefits on the first day of employment - Medical, Dental, Vision, Life Insurance, and Short Term Disability, Wellness program, etc.
• Stock Purchase Plan
• 401 (k) plan to help save for retirement

If you reside in or intend to work remotely from California, Colorado, New York or Washington State, you may contact [email protected] for compensation information related to this position and other information as required by applicable law. Please include the job title in your request.

#LI-SS

#CB-SS

** No Outside Recruiters or Agencies **

You must reside in the United States to be eligible for this position.

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 Talent.