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Market Risk Manager Jobs in Houston, TX (NOW HIRING)

Expand Energy

Market Risk Manager

Spring, TX · On-site

Job Summary We are seeking a Quantitative Risk Manager to develop, enhance, and govern quantitative ... Support mark-to-market, fair value, forward curve construction, volatility surfaces, scenario ...

Expand Energy

Market Risk Manager

Spring, TX

Job Summary We are seeking a Quantitative Risk Manager to develop, enhance, and govern quantitative ... Support mark-to-market, fair value, forward curve construction, volatility surfaces, scenario ...

Aramco

Head of Market Risk

Houston, TX · On-site

Risk Management Strategy and Oversight * Lead the development and execution of the risk management ... Monitor and analyze market and credit risks, including stress testing, exposure limits, and value ...

Phillips 66

Market Risk Analyst

Houston, TX · On-site

$125K - $152K/yr

Phillips 66 & YOU - Together we can fuel the future As a Product Control Advisor III , you will provide specialist market risk analysis to help Phillips 66 manage its commodity exposures and trading ...

NRG Energy

Senior Director, Market Risk

Houston, TX · On-site

The Senior Director, Market Risk is responsible for leading a market risk organization that ... Partner with portfolio managers, traders, research analysts, and other commercial stakeholders to ...

Pilot Flying J

Sr Analyst, Market Risk

Houston, TX

... Manager any breach of risk limits. * Review, analyze, interpret, and provide daily risk exposure reporting; identify and resolve issues related to market risk * Monitor Trading activity and report ...

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All JobsMarket Risk JobsMarket Risk Manager JobsMarket Risk Manager Jobs in Houston, TX

Market Risk Manager information

See Houston, TX salary details

$49.2K

$106.5K

$162.3K

How much do market risk manager jobs pay per year?

As of Jul 15, 2026, the average yearly pay for market risk manager in Houston, TX is $106,533.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,900.00 and $123,200.00 per year, depending on experience, location, and employer.

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 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 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 popular job titles related to Market Risk Manager jobs in Houston, TX? For Market Risk Manager jobs in Houston, TX, the most frequently searched job titles are:
What job categories do people searching Market Risk Manager jobs in Houston, TX look for? The top searched job categories for Market Risk Manager jobs in Houston, TX are:
What cities near Houston, TX are hiring for Market Risk Manager jobs? Cities near Houston, TX with the most Market Risk Manager job openings:
Market Risk Manager jobs near you
Infographic showing various Market Risk Manager job openings in Houston, TX as of July 2026, with employment types broken down into 73% Full Time, and 27% Contract. Highlights an 46% In-person, 28% Hybrid, and 26% Remote job distribution, with an average salary of $106,533 per year, or $51.2 per hour.
Market Risk Manager

Market Risk Manager

Expand Energy

Spring, TX • On-site

Full-time

Posted 27 days ago

Job description

Our core values - Stewardship, Character, Collaborate, Learn, Disrupt - are the lens through which we evaluate every business decision. As a dynamic, growing company that offers extremely competitive compensation and benefits, our employees are our most valued assets and the foundation of Expand's performance among our E&P competitors.
We seek applicants from all backgrounds to ensure we get the best, most creative talent on our team. We realize that, historically, underrepresented groups feel the need to be 100% qualified in order to apply. If you meet any combination of our requirements, we encourage you to apply. We strive to hire people from a wide variety of backgrounds, not just because it's the right thing to do, but because it makes our company stronger.
Job Summary
We are seeking a Quantitative Risk Manager to develop, enhance, and govern quantitative models used to value, risk assess, and explain exposures across natural gas, LNG, power, and related structured/optional physical and financial transactions in a commodity trading business. The role will partner closely with trading, structuring, origination, middle office, risk, technology, and finance to deliver decision-quality analytics, robust model governance, and scalable reporting.
This role is designed for a candidate who combines cross-commodity quantitative rigor in their quantitative risk leadership with practical energy trading valuation and risk-control orientation.
Job Duties & Responsibilities
1) Quantitative Modeling, Valuation, and Analytics
  • Develop and maintain quantitative models for valuation, exposure measurement, and risk assessment across physical and financial natural gas, LNG, and power portfolios
  • Build and enhance models for optional and structured transactions, including storage, transport, tolling, heat-rate optionality, basis/spread structures, swing optionality, and other asset-backed or logistics-driven exposures
  • Support mark-to-market, fair value, forward curve construction, volatility surfaces, scenario analysis, and P&L attribution for complex positions and portfolios
  • Design and improve analytical frameworks for VaR, Expected Shortfall, stress testing, backtesting, component risk, sensitivity analysis, and scenario analysis

2) Trading and Commercial Support
  • Partner directly with traders, originators, and structurers to evaluate transactions, challenge assumptions, explain model outputs, and support hedging and optimization decisions
  • Translate market views, deal structures, and operational realities into actionable analytics that support commercial decisions across gas, LNG, and power
  • Provide analysis of risk drivers, spread movements, optionality value, and changes in valuation or risk metrics to risk committees and senior leadership

3) Risk Framework, Controls, and Governance
  • Strengthen the quantitative underpinnings of the firm's market risk framework, including model documentation, assumptions governance, testing standards, and auditability
  • Lead or support model review, model validation readiness, model governance, and remediation of model limitations and control gaps
  • Ensure analytics and reporting align with board-approved risk tolerances, internal policies, and evolving control requirements

4) Systems, Data, and Automation
  • Build or enhance scalable analytics in Python and related tools to automate recurring calculations, improve transparency, and reduce manual risk processes
  • Work with ETRM/CTRM systems and market data infrastructure to ensure robust integration of curves, positions, valuation logic, and risk outputs. Experience with systems such as Endur, Allegro, ZEMA, or comparable platforms is valuable
  • Create reports, dashboards, and visualizations that communicate complex quantitative results clearly to both technical and non-technical stakeholders

Job Specific Skills
  • Advanced Python skills for quantitative analytics, risk engines, data pipelines, and automated reporting; familiarity with pandas, NumPy, SciPy, and production-quality coding practices is expected
  • Additional programming capability in one or more of SQL, C#, C++, VBA, or similar languages
  • Strong understanding of probability, statistics, stochastic modeling, option pricing, numerical methods, Monte Carlo simulation, and time-series analysis
  • Experience with data visualization and reporting tools and the ability to present quantitative insights clearly to senior stakeholders
  • Practical use of AI-enabled tools to accelerate coding, research, workflow automation, data exploration, or insight generation, with appropriate controls for model risk, reproducibility, and governance
  • Familiarity with Git/GitHub/GitLab, software lifecycle controls, and documentation standards is highly desirable
  • Strong commercial judgment with the ability to connect quantitative outputs to real trading decisions
  • Clear communicator who can explain complex model behavior, assumptions, and limitations to traders, risk managers, finance, and executives
  • High standards for accuracy, transparency, governance, and documentation
  • Comfortable operating in a fast-moving, front-office-adjacent trading environment where priorities evolve and analytics must be both rigorous and timely

Education
Minimum: Bachelor's degree in Mathematics, Statistics, Physics, Engineering, Computer Science, Econometrics, Finance, or Applied Economics or another quantitative discipline
Preferred: Advanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, Econometrics, Finance, or Applied Economics or another quantitative discipline
Preferred: PhD in Mathematics, Statistics, Physics, Engineering, Computer Science, Econometrics, Finance, or Applied Economics or another quantitative discipline
Experience
  • Strong experience in quantitative risk, quantitative analytics, structuring, valuation, or model development in a commodity trading, energy trading, merchant energy, utility trading, hedge fund, or investment banking environment.
  • Demonstrated hands-on experience modeling, valuing, and risk assessing instruments and portfolios in natural gas, LNG, and power.
  • Strong understanding of both physical and financial commodity markets, including forwards, swaps, options, structured transactions, and asset-backed exposures.
  • Experience with market risk metrics, including VaR/GMaR/EaR/stress/scenario frameworks, and the ability to explain risk in a trading context rather than only from a theoretical perspective.
  • Experience in asset-backed trading, including storage, transport, generation, renewables, batteries, or tolling structures in North America gas markets.
  • Proven success working cross-functionally with front office, risk, operations, finance, and technology teams.

Additional Qualifications
  • Experience spanning both financial trading and physical energy trading, especially where the role bridged derivatives pricing with logistics, dispatch, storage, or LNG optionality
  • Model validation, model governance, or formal model review experience
  • Exposure to LNG portfolio modeling, shipping/scheduling optionality, or international gas/LNG valuation frameworks
  • Experience supporting power market analytics such as nodal pricing, CRRs/FTRs, heat-rate modeling, dispatch logic, congestion analysis, or ISO/RTO market behavior
  • Ability to mentor junior analysts and influence standards for quantitative methods across the organization

Expand Energy takes necessary action to ensure that all applicants are treated without regard to their race, color, religion, sex, sexual orientation, age, gender identity, national origin, genetic information, disability, pregnancy, military or veteran status or any other protected characteristic as established by law.
Expand Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.

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