Market Risk Manager

Talen Energy is seeking a Market Risk Manager who will be responsible for daily market risk and P&L reporting, risk limit monitoring, portfolio analytics, and cross-functional communication to ensure transparent performance and risk management. This role delivers timely executive-ready insights, maintains key reporting processes and controls, and partners with Commercial, Operations, Finance/FP&A, and Investor Relations to support decision-making.

How You’ll Power the Future

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:

P&L and Market Risk Reporting

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Produce a morning preview of daily P&L and communicate key drivers.

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Perform P&L attribution and explain results versus expectations.

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Prepare P&L explained narratives suitable for executive and stakeholder consumption.

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Monitor risk limits and deliver risk limit and executive reporting.

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Maintain portfolio scorecards, dashboards, and recurring presentations.

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Document P&L assumptions and maintain a controlled assumptions library.

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Deliver ad hoc analysis to support trading, hedging, and management decisions.

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Develop and maintain PTC price buildup and related supporting analytics.

Projects and Process Improvements

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Translate and load P&L assumptions into databases to improve traceability and reporting automation.

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Rebuild and enhance P&L reports to improve accuracy, usability, and delivery timelines.

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Drive continuous improvement in data management, controls, and portfolio analytics views.

FP&A and Finance Partnership

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Support Finance/FP&A with mark-to-market (MtM) valuation analysis (e.g., AWS MtM) and related reconciliations.

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Build forward margin and portfolio value roll-forwards to support forecasting and planning.

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Maintain and update modeling inputs (e.g., PTC inputs) and related documentation.

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Prepare and maintain scorecards used for management reporting and planning processes.

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Deliver planning outputs in required formats (e.g., Planful extracts) to internal stakeholders.

Fuel Impacts and Generation Summary

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Run fuel impact analysis on power plants for Operations and Finance stakeholders and summarize implications for current-quarter performance.

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Distribute results at the beginning of each month and respond to inbound questions with clear, supportable explanations.

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Maintain repeatable processes, inputs, and controls to ensure consistent monthly delivery.

Unit Characteristics (UC) and Outage Updates

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Send UCO requests and develop/maintain a schedule of expected unit characteristic updates for generation assets

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Partner with Operations, Commercial, and Finance to gather updates and validate assumptions.

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Stage UCO updates and run current-quarter (cQ) impact analysis; finalize impacts through to P&L.

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Communicate impact analysis, document rationale, and seek required approvals.

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Manage ad hoc UCO requests and maintain a tracker of changes and impacts, including source references.

Backup Reporting and Cross-Coverage

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Provide backup support for presentation deck reviews, REC & EFEC reporting, and new portfolio views/analysis.

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Provide cross-coverage for UC staging and approvals as needed.

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Back up daily morning commercial reporting, including pricing, dashboard, position, position limit, cash month position, and position dashboard maintenance.

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Support coal impairment processes by running cQuant with provided WACI, refreshing downstream analysis, and providing results to Finance with documented controls.

What You Have

Minimum Qualifications

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Bachelor’s degree in Finance, Economics, Engineering, Mathematics, Statistics, or a related field (or equivalent practical experience).

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10+ years experience in market risk management, portfolio analytics, trading support, FP&A, or a related role with strong preference in PJM power markets, plus if experience with market risk reporting for generation assets

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Strong understanding of P&L drivers, risk metrics/limits, and valuation concepts (including mark-to-market where applicable).

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Advanced Excel skills and ability to work with large datasets; comfort working with dashboards and recurring reporting routines.

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Ability to synthesize complex results into clear written and verbal explanations for both technical and non-technical audiences.

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Strong process discipline, documentation mindset, and attention to controls and data quality.

Preferred Qualifications

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Experience in commodities/power/gas markets and hedge performance reporting.

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Proficiency with SQL and/or Python for automation, analytics, and data validation.

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Experience with planning and reporting tools (e.g., Planful) and BI platforms (e.g., Power BI/Tableau).

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Familiarity with risk systems, ETRM/CTRM platforms, and/or valuation models, experience with Endure Openlink a plus

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Demonstrated experience improving reporting processes, controls, and data pipeli