DTE Energy Risk Manager - Trading & Marketing in Ann Arbor, Michigan

Job Description

Risk Manager - Trading & Marketing-10926

The future is bright at DTE Energy! We are the largest electric and gas utility in Michigan with an aspiration to be the best-operated energy company in North America. We are a Fortune 500 company headquartered in Detroit, Michigan with businesses in 26 different states.

DTE Energy’s utility and non-utility businesses are poised for significant growth. We look forward to working with highly motivated and team-oriented individuals to energize our efforts of growing economically and environmentally.

We care for our employees and prioritize their health and safety first. Recently, DTE Energy has been recognized as an outstanding place to work and has received the following accolades:

· Gallup Great Workplace Award for 5 consecutive years

· 7th on Indeed’s annual “50 Best Places to Work” award

· Metropolitan Detroit’s 101 Best and Brightest Companies to work For

· J.D. Power Customer Satisfaction Award

· Professional Women’s Magazine/Black EOE Journal “Best of the Best”

· Computerworld’s 100 Best Places to Work in IT

· Best Employers for a Healthy Lifestyle Gold Award

· Detroit Free Press Green Leaders Award

DTE Energy is an equal opportunity employer and considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by law.


Job Summary:

Initiates and manages trading risk management policy, strategy and procedures, personnel, processes, reporting, models and methodologies, and systems of the trading activity for market risk, credit risk, confirmations, policy and procedures

adherence, capital liquidity, quantitative risk analysis, and trading risk management systems. Manages the interface with company management and risk control staff to monitor compliance with the enterprise's approved trading policies. Identifies, analyzes and mitigates energy trading risks.

Key Accountabilities:

-Establishes standards for and manages the daily portfolio valuation and risk reporting processes.

-Initiates and manages the risk model and methodology processes to create and operate valuation and analytical tools.

-Identifies and reports policy or procedure violations to Senior Management.

-Generates and presents risk management analyses and reports to the Trading Risk Management Committee.

-Reviews Risk Policy Limits for appropriateness and proposes risk limit changes to the Trading Risk Management Committee.

-Manages staff and external vendors for the efficient operation of the trading risk management system.

-Establishes the tone, implementation and application of continuous improvement methodologies of team to improve quality, delivery and efficiency of assigned work tasks and processes.

-Leads and serves as Sarbanes-Oxley managerial review for SOX Key Controls.

-Provides all managerial support to employees, creates a positive working environment by supporting DTE Energy core values.


-Required: Bachelor’s degree with concentration in a business discipline, mathematics, engineering, science or quantitative discipline.

-Required: 10 years of relevant experience, including 7 years of developing and maintaining risk management policies, procedures, systems, models, and processes in a trading environment or commodity merchant function.

-Required: 7 years in an energy markets organization involved with trading, marketing, generation development, acquisition, and optimization.

Preferred: Master’s degree with concentration in a business discipline, mathematics, engineering, science or quantitative discipline.

-Expert knowledge of the energy markets and various commercial activities including trading, derivatives, marketing, and supply management.

-Adept skills to manage and champion risk management initiates and standards within the trading organization.

-Strong knowledge of statistical risk measures including VaR, Monte Carlo simulations, stress testing and option pricing models. IT skills in VBA, SQL and Access would be a plus.

-Expert knowledge of wholesale energy market credit standards and exposure calculations.

-Strong analytical and writing skills and the ability to communicate effectively with senior management. Ability to present to the DTE Energy Trading Board and the Trading Risk Management Committee.

Incumbents may engage in all or some combination of the activities and accountabilities, and utilize varying combinations of the competencies cited in this description, depending on the organization and role to which they’re assigned. This description is intended to describe the general nature and level of work being performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the right of any supervisory or management representative to assign, direct and control the work of employees under their supervision.

Job: Accounting, Auditing & Tax

Title: Risk Manager - Trading & Marketing

Primary Location: Michigan-Ann Arbor

Requisition ID: 10926