Risk Manager - Energy

Job Description

DRW, a diversified trading firm, is seeking a Risk Manager to join their team in Houston. This role will report to the Head of Commodities Risk and will be responsible for daily risk monitoring of trading portfolios, as well as assisting in the development and enhancement of the risk management framework and tools, with a focus on the Energy business. DRW values autonomy, innovation, and a willingness to challenge consensus. The Risk Manager will:

• Partner with the trading business to analyze and parameterize their specific risks.
• Define, establish, and maintain risk frameworks for various trading strategies.
• Monitor daily trading activity according to established risk limit frameworks and assess risk exposures.
• Communicate risk-related information to Traders/Portfolio Managers.
• Provide risk-related reporting to senior management.
• Help advance robust approaches to risk management, including defining, building, and using the necessary tools and reporting.
• Actively research and stay current on market dynamics, risk factors, and real-world drivers of portfolio performance and risk.

The ideal candidate will have:

• A Bachelor's degree in a technical or quantitative field (advanced degree desirable).
• Previous risk management experience (trading experience preferred).
• Familiarity with Power ISO/RTO location markets and products.
• Familiarity with Natural Gas markets and products.
• Experience in risk managing FTR portfolios.
• A strong quantitative background and substantial data analysis experience.
• Experience using tools such as SQL, VBA, Python, or R for data analysis and modeling (programming background helpful).
• Experience using power analytics platforms (preferred).
• Proactive and independent working style.
• Excellent written and verbal communication skills.
• Sound judgment and strong analytical skills.

DRW offers:

• A dynamic and challenging work environment.
• The opportunity to work with sophisticated technology and exceptional people.
• A culture of autonomy, innovation, and open minds.