Risk Manager - Energy

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are currently seeking a Risk Manager. This position will report to the Head of Commodities Risk and be responsible for performing daily risk monitoring of our trading portfolios and assisting in the ongoing development and enhancement of our risk management framework and tools, with a focus on our Energy business.

Core Responsibilities:  

• Partner with trading business to analyze and parameterize their specific risks
• Define, establish and maintain risk frameworks for various trading strategies
• Monitor daily trading activity according to established risk limit frameworks and assess risk exposures
• Communicate risk-related information to Traders/Portfolio Managers
• Provide risk-related reporting to senior management
• Help advance robust approaches to risk management, including defining, building and using the necessary tools and reporting
• Actively research and stay current on market dynamics, risk factors and real-world drivers of portfolio performance and risk

 Required Experience and Skills:   

• Bachelor's degree required in a technical or quantitative field; advanced degree desirable
• Previous risk management experience required; previous trading experience preferred
• Power ISO/RTO location market and product familiarity
• Natural Gas market and product familiarity
• Experience in risk managing FTR portfolios
• Must have strong quantitative background and substantial data analysis experience
• Previous experience using tools such as SQL, VBA, Python or R for data analysis and modeling; programming background helpful
• Experience using power analytics platforms preferred
• Must be proactive and able to work independently
• Must have excellent written and verbal communications skills
• Sound judgment and strong analytical skills essential

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