Director, Market Risk

What You Can Expect

ENGIE Supply & Energy Management is responsible for managing the portfolio of electricity, natural gas, environmental products, and bulk commodities for ENGIE and its external clients, on an international level. The Risk team within Supply & Energy Management is responsible for the measurement, control, and reporting of all market-based activities as well as the strategic management of risk capital across these activities, notably the trading & portfolio management activities of Supply & Energy Management, the B2B Retail Supply organization and the Renewable Assets owned by ENGIE North America.

As an integral part of this team in Houston, TX and you will report to the Head of Market Risk, Strategy, and you will develop and maintain a sophisticated risk management and control framework while working with commercial and other risk functions to propose, validate and evaluate various risk management strategies.

• As part of the Risk leadership, you will
• Lead all aspects of the Market Risk, Middle Office, NPA, and Operational Risk functions within GEMS. The candidate will be responsible for developing short and long term strategies for the Supply & Energy Management Market Risk team which is also positioned at the center of the transversal risk governance ENGIE’s all activities in North America
• Advise Supply & Energy Management leadership on material risks and associated matters within the company’s portfolio
• Ensure that all risk management policies, procedures, including limits and mandates are adhered to and ensure compliance and remediation in cases of overshoots
• Ensure that all market, operational risks are assessed and governed, including valuation of assets, products and transactions including (but not limited to) the natural gas park & loan, storage, transport/trans capacity, power options, renewable (wind/solar) contracts, BESS, etc.
• Ensure that all IT systems, tools and processes used by Risk are performing adequately
• Work with the Trade Control (including Confirmations), Settlements, and Accounting teams on the trade life cycle activities on daily basis including books, trade entry / modeling / valuation, credit / liquidity / day-one P&L reserve calculations, monthly / quarterly / annual close, etc.
• Provide overall strategy and direction to the Operational Risk team to improve and automate the Operational Risk (ORE) metrics and Key Performance Indicators (KPI) reporting activities.
• Provide overall strategy and direction to the NPA team overseeing the New Product Agreement (NPA) process to assess the various risks (i.e. market, credit, operational, settlement, etc.) with any new commodity, region, product, instrument, deal structure.
• Provide an independent validation of trading and portfolio management strategies, continually engage the Front Office on the hedging/trading strategies, risk controls and risk reporting. Together with the Risk Strategy function, review and verify the tools front office/market risk use to ensure convergence.
• Oversee cross-functional efforts to modernize and improve risk management and related functions in partnership with other front and back office constituents.
• Monitor the Renewables & Flex Power and B2B Supply market risks along with other reporting requirements mandated by their respective risk mandates and governance procedures
• Manage all internal and external audits related to the market risk activities including the price control, contract valuation and Internal Control Management (INCOME)

What You’ll Bring

• A minimum of Bachelor’s degree in a highly numerate subject, e.g., Economics, Engineering, Finance, Math, Physics or other related disciplines
• A minimum of 10 years of general business experience and a minimum of 5 years of relevant experience in competitive energy markets
• Experience and understanding of the energy value chain including but not limited to electricity, gas and environmental product markets
• Experience and knowledge of proprietary trading operations
• General knowledge of financial derivatives, hedge instruments, and commodity markets (gas, power, and environmental products)
• Thorough knowledge of best practices in terms of risk quantification, management, and monitoring
• Analytical profile, ability to provide precise and solid insights, identify causes and conditions, structure action plans, and propose and defend those to the leadership
• A focus on deadline driven project management skills for international cross-organizational coordination
• Team player with the ability to work well with others, open to feedback and debate

Additional Details

• This role is eligible for our hybrid work policy; minimum 3 days working in the office and 2 days working from home 
• Must be willing and able to comply with all ENGIE ethics and safety policies

Compensation

Salary Range: $150,600 – $230,920 USD annually

This represents the average expected pay range for a qualified candidate.

Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.

ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors. 

In addition to base pay, this position is eligible for a competitive bonus / incentive plan.

Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match.  But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more.

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it!  Join us as we develop energy that is renewable, efficient, and accessible to everyone.  

At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion.  We do so for the benefit of our employees, customers, products and services, and community.  ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.

We are committed to providing employees with a work environment free of discrimination and harassment.  All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

We value internal mobility and will offer sponsorship for this role to internal candidates only.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.