ZipRecruiter

Log In

1

Market Risk Manager Jobs in Virginia (NOW HIRING)

ODEC

Enterprise Risk Manager

Glen Allen, VA · On-site

Track natural gas hedging activity and evaluate key market drivers impacting margin settlements ... Participate in risk management activities associated with the services provided by a trading and ...

Deloitte

Financial Risk Manager

Mclean, VA

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

Capital One

Strategic Risk Manager

Richmond, VA

The Strategic Risk Oversight Manager ensures strategic risks are proactively identified ... from market trends, changes in the competitive environment, and the company's own strategic ...

Capital One

Strategic Risk Manager

Mclean, VA · On-site

The Strategic Risk Oversight Manager ensures strategic risks are proactively identified ... from market trends, changes in the competitive environment, and the company's own strategic ...

Capital One

Strategic Risk Manager

Mclean, VA

The Strategic Risk Oversight Manager ensures strategic risks are proactively identified ... from market trends, changes in the competitive environment, and the company's own strategic ...

Freddie Mac

Seller Credit Risk Manager

Mclean, VA

$128K - $192K/yr

Quickly adapt to evolving market conditions and emerging risks while maintaining sound risk management principles. We consider all applicants for all positions without regard to gender, race, color ...

Deloitte

Financial Risk Senior Consultant

Mclean, VA · On-site

$117.80K/yr

Credit Risk, Liquidity Risk, Market Risk, Capital Management/Stress Testing * Knowledge of financial services business models, products, and services * Experience in banking, digital assets, or ...

next page

Showing results 1-20

People also search for

All JobsMarket Risk Manager JobsMarket Risk Manager Jobs in Virginia

Market Risk Manager information

See Virginia salary details

$51.1K

$110.6K

$168.5K

How much do market risk manager jobs pay per year?

As of May 29, 2026, the average yearly pay for market risk manager in Virginia is $110,599.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,200.00 and $127,900.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Market Risk Manager, and why are they important?

To thrive as a Market Risk Manager, you need strong quantitative analysis skills, a background in finance or economics, and often an advanced degree such as an MBA or CFA. Familiarity with risk management software (like Value-at-Risk models), statistical tools, and financial systems such as Bloomberg Terminal is typically required. Excellent problem-solving, communication, and decision-making skills set standout candidates apart in this highly analytical role. These capabilities are crucial for accurately assessing market risks, supporting sound investment decisions, and ensuring regulatory compliance in dynamic financial environments.

How does a Market Risk Manager typically collaborate with other departments within a financial institution?

A Market Risk Manager works closely with various departments such as trading, treasury, and compliance to monitor and mitigate potential risks in the institution’s portfolio. They often consult with traders to understand new products and exposures, coordinate with IT teams to enhance risk management systems, and report findings to senior management and regulatory bodies. Regular communication and collaboration are essential to ensure all teams are aligned in managing risk effectively and responding promptly to market developments.

What does a Market Risk Manager do?

A Market Risk Manager is responsible for identifying, assessing, and mitigating risks that arise from fluctuations in market variables such as interest rates, foreign exchange rates, and equity prices. They analyze trading portfolios, conduct stress tests, and develop risk management strategies to protect their organization from potential losses. Additionally, Market Risk Managers work closely with traders, analysts, and senior management to ensure that market risks are understood and maintained within acceptable levels.

What is the difference between Market Risk Manager vs Credit Risk Analyst?

AspectMarket Risk ManagerCredit Risk Analyst
Required CredentialsBachelor's degree, often CFA or FRMBachelor's degree, often CFA or FRM
Work EnvironmentFinancial institutions, trading floors, risk departmentsBanks, lending institutions, credit departments
Employer & Industry UsageUsed in investment banks, asset managers, hedge fundsUsed in commercial banks, credit agencies, lending firms
Common Search & ComparisonOften compared for risk management roles in financeCompared for credit analysis roles

The Market Risk Manager focuses on identifying and managing risks related to market fluctuations, such as interest rates and stock prices. In contrast, the Credit Risk Analyst assesses the creditworthiness of borrowers to mitigate default risk. Both roles require similar credentials and are vital in financial institutions, but they specialize in different risk areas.

What are the most commonly searched types of Market Risk jobs in Virginia? The most popular types of Market Risk jobs in Virginia are:
What are popular job titles related to Market Risk Manager jobs in Virginia? For Market Risk Manager jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Market Risk Manager jobs in Virginia look for? The top searched job categories for Market Risk Manager jobs in Virginia are:
What cities in Virginia are hiring for Market Risk Manager jobs? Cities in Virginia with the most Market Risk Manager job openings:
Market Risk Manager jobs near you
Infographic showing various Market Risk Manager job openings in Virginia as of May 2026, with employment types broken down into 2% As Needed, 76% Full Time, 17% Part Time, 2% Temporary, and 3% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $110,599 per year, or $53.2 per hour.

Enterprise Risk Manager

ODEC

Glen Allen, VA • On-site

Full-time

Posted 7 days ago

Job description

Purpose of Job
The Enterprise Risk Manager is responsible for identifying, evaluating, and mitigating operational and financial risks across the organization, with a primary focus on energy trading and market risk activities. This role oversees trading agreement risk, counterparty credit risk, and trading control risk through the use and oversight of services provided by a trading and risk management company.
This position ensures compliance with ODEC's Energy Risk Management Policy (ERMP) and Energy Risk Management Standards and Procedures (ERMS&P), while supporting broader enterprise risk initiatives across the Finance function. This role assists in organizing and facilitating the Risk Management Committee (RMC) and provides risk insights, analysis, and recommendations to support informed decision-making and organizational risk mitigation.
Essential Responsibilities
Risk Management Operations Functions
  • Monitor and manage risk exposures related to power and natural gas operations, including PJM/RTO activities, collateral adequacy, and market activity.
  • Track natural gas hedging activity and evaluate key market drivers impacting margin settlements.
  • Review collateral thresholds and respond to potential margin calls in coordination with the services provided by a trading and risk management company.
  • Evaluate and monitor counterparty credit risk, including financial health, credit exposure, and compliance with established credit controls.
  • Support credit risk mitigation strategies, including guarantees, prepayments, and letters of credit.
  • Ensure compliance with trading controls, transaction authority limits, and proper trade capture and reporting.
  • Evaluate and escalate or recommend actions on trading activities, credit exposures, and risk limit exceptions.
  • Participate in risk management activities associated with the services provided by a trading and risk management company and PJM.
  • Prepare, review, and present risk management reports and analyses to leadership and the RMC.
  • Monitor compliance with regulatory requirements, including CFTC Dodd-Frank rules.
  • Support and administer enterprise risk assessments.
  • Performs other duties as assigned.

Risk Compliance
  • Maintain and update SOX-related risk processes and documentation.
  • Review SOC 1 Type II reports for services provided by a trading and risk management company and other key partners.
  • Ensure appropriate internal controls are documented and functioning.
  • Communicate with counterparties concerning "Know Your Customer" and other risk-related questions and initiatives.

Insurance Program Support
  • Develop working knowledge of ODEC's property and liability insurance programs.
  • Assist with maintaining insurance programs.

Additional Responsibilities
  • Collaborate with Treasury on credit exposure and financial risk considerations.
  • Provide general support to the Finance Department initiatives.
  • Participate in company committees and cross-functional initiatives.
  • Lead or contribute to cross-functional efforts.

Work Experience
  • Minimum of 10 years of risk management, finance, power supply, investment, or derivative trading and/or accounting, relevant experience.
  • Utility or energy sector experience preferred.
  • Experience with external service providers supporting energy trading, market operations, or risk management preferred.

Critical Knowledge, Skills, and Abilities
  • Energy trading agreements (ISDA, NAESB, EEI).
  • Energy risk management practices.
  • Energy trading products.
  • Financial and commodities markets.
  • Advanced Excel and Microsoft 365 proficiency.
  • Strong analytical and problem-solving skills.
  • Effective communication and collaboration skills.
  • Ability to interpret complex data.
  • Self-starter with a continuous improvement mindset.
  • Ability to influence without authority.

Preferred Knowledge, Skills, and Abilities
  • PJM market familiarity.
  • SOX and Dodd-Frank knowledge.
  • Risk governance experience.
  • ETRM systems experience.

Education
  • Bachelor's degree in Accounting, Finance, Economics, Business, Risk Management, or a relevant degree.
  • Equivalent experience may be considered.

Travel Details
Occasional travel required (less than 10%).
Working Conditions and Physical Demands
This position operates in a professional office environment and involves routine use of standard office equipment, including computers, phones, and other technology. This role requires the ability to perform general office activities such as sitting for extended periods, working at a computer, and communicating effectively with internal and external stakeholders. Travel for this position is minimal and expected to be less than 10%, consisting of occasional meetings or visits to company facilities. Requires focus on analytical tasks.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Apply