What are the responsibilities and job description for the Manager, Collateral position at NRG Energy?
As an NRG employee, we encourage you to take charge of your career and development journey. We invite you to explore exciting opportunities across our businesses. You’ll find that our dynamic work environment provides variety and challenge. Your growth is key to our ongoing success—take the lead in shaping your career development, goals and future!
Manager, Collateral
As an NRG employee, we encourage you to think creatively and proactively about your career choices. Our work environment is dynamic and the career opportunities across our businesses offer variety and challenges. Providing career growth for our own employees is critical to our ongoing success--take charge of your career goals and empower your future!
Job Summary
We are seeking a highly analytical and detail-oriented Collateral Risk Manager to join our Risk Management team. Reporting to the Senior Director of Credit and Collateral, this role is critical in ensuring financial assets are properly managed to mitigate counterparty credit risk, ensure compliance with contractual obligations, and support trading and commercial operations. This role involves daily operations, managing a team of analysts, constant collaboration across other groups within Risk, and across the NRG organization.
Essential Duties/Responsibilities
NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.
Official description on file with Talent.
Manager, Collateral
As an NRG employee, we encourage you to think creatively and proactively about your career choices. Our work environment is dynamic and the career opportunities across our businesses offer variety and challenges. Providing career growth for our own employees is critical to our ongoing success--take charge of your career goals and empower your future!
Job Summary
We are seeking a highly analytical and detail-oriented Collateral Risk Manager to join our Risk Management team. Reporting to the Senior Director of Credit and Collateral, this role is critical in ensuring financial assets are properly managed to mitigate counterparty credit risk, ensure compliance with contractual obligations, and support trading and commercial operations. This role involves daily operations, managing a team of analysts, constant collaboration across other groups within Risk, and across the NRG organization.
Essential Duties/Responsibilities
- Lead and manage a team of risk analysts, providing guidance, performance feedback, and professional development
- Provide daily, weekly, monthly and quarterly reports to various stakeholders and senior management
- Ensure compliance with internal credit policies and external regulatory requirements
- Ensure credit system is updated daily and contains robust information
- Oversee daily collateral operations including margin calls, dispute resolution, and settlement processes
- Monitor and manage collateral balances across counterparties and exchange
- Optimize collateral usage to minimize funding costs and maximize liquidity
- Ensure compliance with internal credit policies and external regulatory requirements
- Develop and maintain dashboards and reports on collateral positions, exposure trends, and liquidity metrics
- Provide insights and recommendations to senior management on collateral efficiency and risk exposure
- Work closely with trading, treasury, legal, and operations teams to ensure seamless collateral processes
- Liaise with counterparties to negotiate collateral terms and resolve disputes
- Provide backup documentation and detailed support for internal and external audits, ensuring transparency and accuracy of collateral records.
- Maintain organized records and audit trails to meet regulatory and corporate governance standards
- Hybrid work schedule; a combination of working remotely from home and 4 days a week in the office
- Bachelor’s Degree from a four year college/university with a major in Business Administration, Accounting, Finance, Economics or comparable discipline
- 5-8 years of related experience in collateral, credit risk management, or treasury within the energy industry
- Strong understanding of energy trading markets and related financial instruments
- Excellent communication, negotiation and problem-solving skills
- Ability to work in a fast-paced, high-pressure environment
- Experience with ISDA/CSA agreements and regulatory frameworks (e.g., Dodd-Frank, EMIR)
- Familiarity with exchange-traded and OTC derivatives.
- Knowledge of ISO markets
- Strong writing and verbal communication and interpersonal skills
- Solid attention to details, with the capability to multi-task and meet tight deadlines
- Knowledge of Power BI is a plus
NRG Energy is committed to a drug and alcohol-free workplace. To the extent permitted by law and any applicable collective bargaining agreement, employees are subject to periodic random drug testing, and post-accident and reasonable suspicion drug and alcohol testing. EOE AA M/F/Vet/Disability. Level, Title and/or Salary may be adjusted based on the applicant's experience or skills.
Official description on file with Talent.