Manager, Market Risk

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Location: BALTIMORE, MD, United States
Organization: Exelon Generation Co. LLC
Job ID: 232973
Date Posted: Nov 19, 2021

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Job Description


At Exelon, we've got a place for you!

Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.

Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.

Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!

The Market Risk team supports Exelon's trading and marketing business by assessing and tracking key risks in a large, integrated energy commodity portfolio. This position will:
•    Assess market risks of the Hedge book by identifying, analyzing and quantifying risk levels and changes to ensure that the business operates within predefined limits
•    Monitor compliance with risk limits, identify and communicate potential risk concentrations, limit exceedances and large exposures to Commercial and Risk management
•    Contribute to the development of the Risk policies, limits, and risk metrics relevant to the regions and main exposures in the portfolio: stresses, scenario analysis, heat maps, etc.
•    Assess risks and rewards of portfolios and strategies and work with the Commercial teams to optimize the ratio
•    Develop deep understanding of the energy industry, including generation assets, customer load/deals and key structured transactions in the respective regions and their impact on the overall portfolio as well as types of strategies used by commercial in managing market risk exposure
•    Build effective relationship with Wholesale Trading while maintaining an un-biased perspective

2.    Calculate risk metrics, streamline and automate calculations wherever possible. Maintain high standards of quality
3.    Provide daily update of risks and positions for specified region(s) including significant changes
4.    Prepare analysis and presentations for Commercial and Risk management meetings
5.    Use quantitative methods to develop new frameworks and perform ad-hoc analyses for risk limits and guidelines as required by business activity, market events, or changes in risk appetite
6.    Raise potential issues to Market Risk Management
7.    Establish an active dialogue with portfolio managers to understand and quantify emerging market risks and hedge strategies
8.    Information gathering, research, best-practices benchmarking
9.    Training/mentoring/other staffing-related




  • Bachelors degree with related major and excellent academic background.
  • Strong knowledge of statistics, financial modeling, and options theory.
  • 8 years related experience including at least 3 years of experience in energy or financial product risk management
  • Strong knowledge of the energy markets
  • Strong analytical problem solving and data analysis skills, with attention to detail
  • Strong organization and time-management skills with the ability to prioritize, multi-task and adapt to the changing needs of the business and deliver results in a timely fashion
  • Experienced in Excel and PowerPoint
  • Strong oral and written communication skills and ability to work with and add value to the business and to present findings to senior management
  • Highly motivated, self-starter with ability to lead, work independently and/or participate as a team member on multi-part projects with little oversight
  • Demonstrated agility with confidence to constructively challenge different points of view


  • MBA or graduate degree in finance, economics or other related quantitative discipline
  • Ability to link company strategy to the risk management implications
  • Strong interpersonal skills, ability to work collaboratively with employees at all levels of the organization, and initiative to develop and maintain effective relationships with internal and external partners
  • Excellent professional written and verbal communication skills
  • Project Management experience
  • Experience with VBA modeling, Matlab, R, SQL
  • Knowledge of relevant systems processes and practices. Good understanding of price and volumetric risk as they relate to hedging load and generation positions
  • Understanding energy related contract

Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

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