Credit Risk Manager

Credit Risk Manager

Houston TX | Credit

At Talen Energy

This is a senior-level energy credit risk role combining credit analysis, trading exposure management, collateral and liquidity management, contract negotiation, quantitative risk modeling, and process improvement.

At Talen Energy, your work directly supports safe, reliable power generation. In this role, you’ll move beyond day‑to‑day contributions to drive meaningful change by:

• Own counter party credit risk management across power and gas trading portfolios, including daily exposure monitoring and preparation of clear, decision ready risk reporting for senior management and key stakeholders.

• Perform ongoing creditworthiness assessments through proactive monitoring of counter party financial condition, market developments, and industry trends; recommend appropriate credit limits and collateral requirements.

• Manage collateral for bilateral and cleared transactions, coordinating with various internal stakeholders.

• Develop and maintain credit risk models and metrics, including Potential Future Exposure (PFE), to support portfolio level and counter party specific risk analysis and decision making.

• Lead initiatives to improve automation and operational efficiency within the credit function through cross functional collaboration.

• Maintain and govern credit terms, limits, and related data within the company’s ETRM system, ensuring data integrity and auditability.

• Independently negotiate credit terms in enabling agreements and credit support documentation across multiple business lines (ISDA, NAESB, PPAs, etc.); experience with lien-based structures preferred.

• Conduct stress testing of hedge portfolios to evaluate incremental liquidity requirements under adverse market conditions.

• Analyze valuation changes across trading products and clearly communicate key drivers, risk implications, and portfolio impacts to commercial stakeholders.

• Evaluate and explain changes in Initial Margin (IM), Variation Margin (VM), and Net Option Value (NOV) resulting from market movements, volatility, and portfolio composition.

• Bachelor’s degree in Finance, Accounting, Economics, Mathematics, Engineering, or a related discipline; advanced degree or professional certification such as CFA or FRM preferred.

• Deep understanding of ISO/RTO market operations and associated credit requirements, including collateral, settlement, and default frameworks.

• Proven ability to analyze financial statements, assess counter party creditworthiness, and set risk appropriate credit limits across a diverse portfolio.

• Exceptional communication and stakeholder management skills, with the ability to confidently engage, influence, and constructively challenge traders, marketers, and senior leadership on risk decisions.

• Highly organized and self-directed, with a demonstrated ability to prioritize competing deadlines, exercise sound judgment, and operate effectively in a fast-paced trading environment.

• Able to meet requirements for nuclear plant background clearance, where applicable.

• 8+ years of progressive credit risk management experience within the power and gas trading sector, including advanced knowledge on derivatives and complex hedging structures.

• Hands on experience managing exchange traded and cleared exposures, with a strong grasp of margin drivers (initial margin, variation margin, net option value) and their impact on liquidity and capital usage.

• Advanced proficiency in Excel, VBA, and SQL preferred.

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.

Our passion for excellence grows value…