Market Risk Manager

Date: Feb 13, 2025

Location(s): Juno Beach, FL, US, 33408

Company: NextEra Energy

Requisition ID: 85711

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

We are looking for 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.

Responsibilities

• Join a team of 3 to 4 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.

Qualifications

• 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

Job Overview

Employees will be highly skilled, hands-on market risk managers and product controllers with proven experience in a trading floor environment. Strong technical skills are expected with a deep understanding of traded markets, especially power and other energy commodities. While this role has no direct reports, leadership and mentoring of junior staff is an important part of the role.

Job Duties & Responsibilities

• 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

• Produce and distribute daily PnL and attribution, position, and risk reports

• Perform independent price verification of pricing curves, and propose valuation reserves as appropriate

• Significant involvement in month-, quarter-, and year-end closing processes

• Support systems upgrades and implementations and Trading Risk Management automation projects

• Conform to SOX controls processes and innovate controls improvements

• Mentor junior team members

• 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

• Performs other job-related duties as assigned

Required Qualifications

• Bachelor's Degree

• Experience: 7+ years

Preferred Qualifications

• Master's Degree

NextEra Energy offers a wide range of benefits to support our employees and their eligible family members. Clickto learn more.

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.