NextEra Energy Market Risk Manager in Juno Beach, Florida
Market Risk Manager
Date: Feb 2, 2024
Location(s): Juno Beach, FL, US, 33408
Company: NextEra Energy
Requisition ID: 77462
is one of the nation’s leading electricity and natural gas marketers. We are responsible for electricity and fuel management for all of NextEra Energy Resources’ generation fleet, which includes the largest renewable energy portfolio in North America. We also provide marketing and trading services to electric and gas utilities, municipalities, cooperatives and other load-serving entities, as well as to owners of electric generation facilities. Are you interested in customizing power and gas solutions to meet each client’s needs? Join our world-class team today!
Position Specific Description
A highly skilled, hands-on market risk manager and product controller to join our market risk management team. This team operates several areas of support that some firms may operate separately: market risk management, product control, and independent price verification. We see these areas as inseparable for a complete understanding of the trading risks. The person we are seeking is a seasoned professional who is excited about energy risk management and can translate that into building a first-class risk function.
This role reports to the Director, Head of Market Risk Management and is based at NextEra Energy’s headquarters in beautiful Juno Beach, FL. NextEra is uniquely positioned in the US power markets, especially in renewables, and continues to grow. While we expect the successful candidate to make a commitment to this role, the company offers extensive career opportunities at this location.
Join a team of 4 to 5 market risk analysts, mentor junior team members
Engage with traders, originators, and other business units to understand the strategies and risks across the trading floor and embed that understanding in risk management operations
Develop and implement market risk models, including VaR, stress testing, and scenario analysis
Monitor, analyze, and report on market risk exposures and assess exposures versus established limits
Daily reconciliation and verification of trading P&L
Explain profit and loss performance to management
Produce and distribute daily P&L and attribution, position, and risk reports
Perform independent price verification of pricing curves, propose valuation reserves as appropriate
Evaluate complex transactions including calculating Day 1 and other reserves
Application of company accounting policies to support external financial reporting
Significant involvement in month-, quarter-, and year-end closing processes
Conform to SOX controls processes and innovate controls improvements
Work closely with other risk functions to ensure a holistic approach to risk management
Support systems upgrades and implementations and Trading Risk Management automation projects
Foster a risk aware culture, model high ethical standards, and be a champion for the company’s values of excellence, doing the right thing, and respect
Proven success on a leading power and gas trading floor as a risk manager and/or product controller or closely related roles, e.g., trader, 8+ years
Strong knowledge of power and gas markets, as well as other energy and traded markets
Strong understanding of physical trading, derivatives, and financial products
Excellent quantitative and analytical skills
Excellent proficiency in Excel, SQL, and quantitative programming languages such as Python
Experience with Energy Trading Risk Management Systems
Degree in a quantitative discipline
Collegiality and truly good interpersonal skills balanced with a disciplined risk management approach
Professional passionate about risk management
This position is responsible for ensuring the energy marketing functions are operating in a controlled environment and within established risk management limits. Employees in this role oversee a team of analysts responsible for reviewing daily trading position exposures, including time and location spreads, cross commodity arbitrage, options and hedging activity against approved limits. This position works with the Front Office and Risk teams to understand new and existing trading strategies for risk review and reporting and ensures correct application of pricing methodologies.
Job Duties & Responsibilities
Oversees and manages a team of Trading Risk analysts in support of energy marketing functions
Reviews daily risk reports prepared by analysts prior to submission and regular review of deal amendments log for exceptions
Reviews reports to support earnings and prepares reports for management on a monthly basis
Manages confirmation processes, independent pricing validations and origination deal processing
Supports systems upgrades and implementations and Risk automation projects
Maintains oversight of Risk Controls including maintenance of Trading and Risk Manuals and supports SOx, FERC and any other internal audit testing processes
Liaises between the front office personnel, accounting (backoffice), credit, and systems (IT) on a daily basis
Prepares executive management reports including associated analysis of asset related and proprietary trading market exposures
Performs other job-related duties as assigned
Experience: 8+ years
Employee Group: Exempt
Employee Type: Full Time
Job Category: Energy Trading
Organization: NextEra Energy Marketing, LLC
Relocation Provided: Yes, if applicable
NextEra Energy is an Equal Opportunity Employer. Qualified applicants are considered for employment without regard to race, color, age, national origin, religion, marital status, sex, sexual orientation, gender identity, gender expression, genetics, disability, protected veteran status or any other basis prohibited by law. We are committed to a diverse and inclusive workplace.
NextEra Energy provides reasonable accommodation in its application and selection process for qualified individuals, including accommodations related to compliance with conditional job offer requirements, consistent with federal, state, and local laws. Supporting medical or religious documentation will be required where applicable and permitted by applicable law. To request a reasonable accommodation, please send an e-mail to, providing your name, telephone number and the best time for us to reach you. Alternatively, you may call 1-844-694-4748. Please do not use this line to inquire about your application status.
NextEra Energy will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.
NextEra Energy does not accept any unsolicited resumes or referrals from any third-party recruiting firms or agencies . Please see ourfor more information.
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