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Hedge Fund Counterparty Credit Risk Manager Jobs

Talen Energy

Credit Risk Manager

Houston, TX · On-site

Own counterparty credit risk management across power and gas trading portfolios, including daily ... Conduct stress testing of hedge portfolios to evaluate incremental liquidity requirements under ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

... markets and hedging opportunities to commodity producers and users. Now, DV group affiliates ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

... markets and hedging opportunities to commodity producers and users. Now, DV group affiliates ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

DV Trading

Credit Risk Manager

Chicago, IL · On-site

$150K - $200K/yr

... markets and hedging opportunities to commodity producers and users. Now, DV group affiliates ... DV is looking for a Credit Risk Manager to lead its counterparty and credit risk management ...

Northern Trust Corp

Hedge Fund Risk Manager

Chicago, IL · On-site

$100 - $125/hr

We are seeking an experienced Risk Manager to join our investment team and oversee risk across a diversified portfolio of external hedge fund managers. This role focuses on portfolio-level risk ...

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$86.5K

$158.3K

$239.5K

How much do hedge fund counterparty credit risk manager jobs pay per year?

As of Sep 9, 2026, the average yearly pay for hedge fund counterparty credit risk manager in the United States is $158,312.00, according to ZipRecruiter salary data. Most workers in this role earn between $133,500.00 and $177,500.00 per year, depending on experience, location, and employer.

What does a hedge fund counterparty credit risk manager do?

A Hedge Fund Counterparty Credit Risk Manager is responsible for assessing and managing the risk that arises from the fund's exposure to its trading counterparties, such as banks, brokers, and other financial institutions. They analyze the creditworthiness of these counterparties, set exposure limits, monitor ongoing transactions, and implement risk mitigation strategies like collateral agreements. Their goal is to protect the hedge fund from financial losses in case a counterparty defaults on its obligations. This role involves close collaboration with trading, legal, and compliance teams to ensure robust risk management practices are in place.

What are the key skills and qualifications needed to thrive as a hedge fund counterparty credit risk manager?

To thrive as a Hedge Fund Counterparty Credit Risk Manager, you need a strong background in finance, quantitative analysis, and risk management, often supported by advanced degrees and relevant certifications such as CFA or FRM. Proficiency with risk assessment tools, financial modeling software, and systems like Bloomberg or RiskMetrics is essential. Strong analytical thinking, attention to detail, and effective communication skills are critical for collaborating with stakeholders and presenting risk assessments. These skills ensure accurate evaluation of counterparty exposures, informed decision-making, and protection of the fund’s financial interests.

What are some common challenges faced by a hedge fund counterparty credit risk manager, and how can they be addressed?

A Hedge Fund Counterparty Credit Risk Manager often faces challenges such as assessing the rapidly changing creditworthiness of counterparties, managing complex derivatives exposures, and ensuring compliance with dynamic regulatory requirements. Staying ahead requires strong analytical skills, up-to-date market knowledge, and close collaboration with trading, legal, and compliance teams. Proactive monitoring systems, regular stress testing, and clear communication with stakeholders help mitigate these challenges and maintain a robust risk management framework.

What are popular job titles related to Hedge Fund Counterparty Credit Risk Manager jobs?

For Hedge Fund Counterparty Credit Risk Manager jobs, the most frequently searched job titles are:

Infographic showing various Hedge Fund Counterparty Credit Risk Manager job openings in the United States as of September 2026, with employment types broken down into 87% Full Time, 12% Part Time, and 1% Contract. Highlights an 86% Physical, 2% Hybrid, and 12% Remote job distribution, with an average salary of $158,312 per year, or $76.1 per hour.

Credit Risk Manager

Houston, TX • On-site

Talen Energy
1 - 5K employees
Learn more about Talen Energyexternal

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 13 days ago

Talen Energy rating

8.3

Company rating: 8.3 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

Job description

Credit Risk Manager
Houston TX | Credit
At Talen Energy
This is a senior-level energy credit risk role combining credit analysis, trading exposure management, collateral and liquidity management, contract negotiation, quantitative risk modeling, and process improvement.
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:
  • Own counterparty credit risk management across power and gas trading portfolios, including daily exposure monitoring and preparation of clear, decision ready risk reporting for senior management and key stakeholders.
  • Perform ongoing creditworthiness assessments through proactive monitoring of counterparty financial condition, market developments, and industry trends; recommend appropriate credit limits and collateral requirements.
  • Manage collateral for bilateral and cleared transactions, coordinating with various internal stakeholders.
  • Develop and maintain credit risk models and metrics, including Potential Future Exposure (PFE), to support portfolio level and counterparty specific risk analysis and decision making.
  • Lead initiatives to improve automation and operational efficiency within the credit function through cross functional collaboration.
  • Maintain and govern credit terms, limits, and related data within the company's ETRM system, ensuring data integrity and auditability.
  • Independently negotiate credit terms in enabling agreements and credit support documentation across multiple business lines (ISDA, NAESB, PPAs, etc.); experience with lien-based structures preferred.
  • Conduct stress testing of hedge portfolios to evaluate incremental liquidity requirements under adverse market conditions.
  • Analyze valuation changes across trading products and clearly communicate key drivers, risk implications, and portfolio impacts to commercial stakeholders.
  • Evaluate and explain changes in Initial Margin (IM), Variation Margin (VM), and Net Option Value (NOV) resulting from market movements, volatility, and portfolio composition.

What You Have
Minimum Requirements
  • Bachelor's degree in Finance, Accounting, Economics, Mathematics, Engineering, or a related discipline; advanced degree or professional certification such as CFA or FRM preferred.
  • Deep understanding of ISO/RTO market operations and associated credit requirements, including collateral, settlement, and default frameworks.
  • Proven ability to analyze financial statements, assess counterparty creditworthiness, and set risk appropriate credit limits across a diverse portfolio.
  • Exceptional communication and stakeholder management skills, with the ability to confidently engage, influence, and constructively challenge traders, marketers, and senior leadership on risk decisions.
  • Highly organized and self-directed, with a demonstrated ability to prioritize competing deadlines, exercise sound judgment, and operate effectively in a fast-paced trading environment.
  • Able to meet requirements for nuclear plant background clearance, where applicable.

Preferred Qualifications
  • 8+ years of progressive credit risk management experience within the power and gas trading sector, including advanced knowledge on derivatives and complex hedging structures.
  • Hands on experience managing exchange traded and cleared exposures, with a strong grasp of margin drivers (initial margin, variation margin, net option value) and their impact on liquidity and capital usage.
  • Advanced proficiency in Excel, VBA, and SQL preferred.

Why Talen Energy?
Power the Future
Talen Energy is one of the largest competitive energy and power generation companies in North America. We operate power plants that use diverse fuel sources in the most attractive wholesale power markets and sell energy
to wholesale and retail customers in selected competitive markets. Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace, and a strong commitment to innovation, teamwork, and integrity. We generate energy for a brighter tomorrow.
Collaboration
Our passion for excellence grows value through safe and efficient operations. We have an inclusive, diverse, respectful, and collaborative workplace.
Talen Energy offers an exceptional benefits program to its employees. Benefits include comprehensive health, dental, vision, prescription plans, life insurance, and disability insurance. In addition, employees are eligible to participate in Talen Energy's 401(k) plan. Talen Energy also provides competitive vacation and sick time to its employees.
We are committed to providing a safe, drug and alcohol-free workplace. Consistent with applicable law and any collective bargaining agreements, positions may be subject to pre-employment, random, post-accident, and reasonable suspicion drug and alcohol testing.
Talen Energy is an equal opportunity, affirmative action employer dedicated to diversity and the strength it brings to the workplace. All qualified applicants will receive consideration for employment without regard to race, color, age, sex, religion, national origin, veteran status, sexual orientation, genetic information, gender identity, disability, perceived disability or any other protected characteristic as may be defined by applicable law.
If you need assistance with the application process, please email us at Careers@talenenergy.com
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Note to Search Firms and Recruitment Agencies
Talen Energy is committed to fostering direct engagement with prospective candidates and managing our recruitment activities internally. From time to time, Talen Energy and its companies partner with select executive search firms and recruitment agencies under formal, written agreements aligned to specific business needs.
Talen Energy does not accept unsolicited resumes or candidate submissions from search firms or agencies without a current fully executed agreement authorized by an appropriate company representative. Any candidate information submitted in the absence of such an agreement will be considered the property of Talen Energy, and neither Talen Energy nor its subsidiaries will be obligated to pay any fees or compensation related to those submissions.
Note: You will have an opportunity to add attachments to your application. Please use this opportunity to upload your resume, cover letter, and any relevant documents .

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