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Market Risk Analyst (Gas & Power)
BKV Corporation(NYSE: BKV) is a forward-thinking, growth-driven energy company building the future of low-carbon energy and reliable baseload power. Headquartered in Denver, Colorado, we are the largest natural gas producer by grossoperatedvolume in the Barnett Shale andwe’rejust getting started.
At BKV, wedon’tjustoperateassets we build integrated solutions. Our end-to-end, closed-loop energy platform spans upstream production, midstream infrastructure, natural gas-fired power generation, and carbon capture,utilization, and storage (CCUS). This differentiated model allows us to solve our customers’ toughest energy challenges while meeting growing power demand and advancing a carbon-neutral future. But what truly sets us apart is our people.
We are a fast-paced, high-performance team of go-getters who thrive onchallengeand think beyond convention. We push the envelopeoninnovation, continuouslyoptimizingand scaling our platform to drive sustainable growth and long-term, risk-adjusted shareholder value. Ifyou’reenergized by big goals, bold ideas, and the opportunity to build something transformational,you’llfeel right at home here.
At BKV, youwon’tjust contribute you’lllead, create, and shape the future of energy.
Learn more at www.bkv.com
Job Summary
The Market Risk Analyst (Gas & Power) plays a critical role in monitoring, analyzing, and reporting market risk exposures across the company’s physical and financial natural gas and power trading portfolios. This role ensures trading activity adheres to approved risk limits, provides independent risk oversight, and deliverstimelyinsights to support trading desks, risk leadership, and executive management. The position interfaces closely with Commercial, Accounting, Credit, Treasury, and Audit. Demonstrates integrity,accountabilityand transparency; upholds BKV standards,valuesand culture.
Responsibilities
Market Risk Measurement
Monitor daily marktomarket (MTM) results, positions, and exposure for natural gas and power portfolios across hubs, zones, ISOs/RTOs, and regional basis markets.
Produce and distribute risk reports that capture exposures by location, product, tenor, and strategy, including physical positions, financial derivatives, hedging instruments, etc.
Validate forward curves (price, volatility, discounting, etc.) for natural gas (e.g., Henry Hub, regional basis) and power (e.g., ERCOT, PJM, MISO, SPP, CAISO).
Analyze P&L drivers including price moves, shape changes, load forecasts, generation outages, and congestion patterns.
Limit Monitoring & Governance
Track adherence to notional, tenor, volumetric, and stress limits.
Identifyand promptly escalate limit breaches or emerging risksin accordance withthe Market Risk Policy and Corporate Hedge Policy
Support updates to market risk limits as portfolio strategies evolve.
Analytics & Modeling
Support continuous improvement initiatives, including automation and process implementation efforts.
Assit with enhancements to risk models for stress tests and scenario analysis.
Review model assumptions and valuation methodologies, conductback-testingand periodic model calibrations.
Partner with team and IT to improve analytical tools, data pipelines, and risk system functionality.
Market Insight & Portfolio Analysis
Monitor market fundamentals, including weather, load forecasts, pipeline constraints, storage dynamics, generation mix, and transmission congestion.
Analyze how fundamentaldriversimpact portfolio exposures, hedge effectiveness, and optionality.
Support evaluation of new trading strategies, structured transactions, assetbacked deals, and retail transactions from a market risk perspective.
Risk Controls & Compliance
Ensure compliance with the Market Risk Policy, Corp Hedge Policy, and other risk frameworks.
Support internal and external audits, model validations, and inquiries.
Collaborate with Credit Risk toprovidea combined view of counterparty exposure and market exposure.
Required Skills
Proficiencyin Excel (advanced), SQL, and Power BI.
Solid understanding of scenario analysis, curve construction, valuation concepts, andVaRmethodologies.
Strong communicationskills with the ability to explain complex topics clearly to traders, risk leaders, and executives.
High attention to detail and the ability tooperateeffectively and independently in a fastpaced environment.
Collaborative mindset with the ability to work crossfunctionally.
Ability to work independently and as part of a team.
Strong Interpersonal, collaboration and communication skills.
Advanced organization and prioritization skills.
Demonstrated cognitive and problem-solving skills.
Growth mindset with a demonstrated ability to innovate, embrace change and have grit.
Education & Experience
Required
Bachelor’s degree in Finance, Economics, Engineering, Statistics, ora relatedtechnical field.
5 to 7 years of market risk, quantitative analysis, trading analytics, or related experience in natural gas and/or power markets.
Strong understanding of physical and financial products.
Preferred
Advanced degree or certification (FRM, ERP, CFA) is a plus.
Experience with ETRM systems (Enduror Allegro)highlybeneficial.
Physical Demands and Working Conditions
Location
This position will be based in the BKV Office in Denver, Colorado or Houston, Texasand may be eligiblefor hybrid workingarrangements.
Some travel (up to 10%) may berequired.
Working Conditions
Primarily office-based with standard business hours; extended hours may be required depending on business needs. May occasionally be exposed to distracting noise while sharing office space with others.
Physical Demands
Ability to sit for extended periods of time.
Ability tooperatea computer, telephone, and other office equipment.
Ability to occasionally lift, carry, push, or pull up to 25 pounds.
Ability to communicate effectively, both verbally and in writing.
Compensation & Benefits
Competitive salary,commensuratewith experience.Pay Range$79,000 - $150,000
Performance-based bonus eligibility.
Comprehensive health, dental, and vision insurance plans.
Retirement savings plan with 6% employer match.
Paid time off and 12 company holidays per year.
Professional development opportunities and tuition reimbursement.
Employee Assistance Program (EAP) and wellness initiatives.
Equal Employment Opportunity & ADA Statement
BKV Corporation is an Equal Opportunity Employer. We do not discriminate because of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, veteran status, or any other legally protected status.
BKV Corporation is committed to providing reasonable accommodations for qualified individuals with disabilitiesin accordance withthe Americans with Disabilities Act (ADA). Applicants requiring accommodation during the hiring process may contact Human Resources.
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