A leading developer, owner and operator of utility scale energy storage projects in North America.
Director, Market Risk Control
Location
California
Posted
11 days ago
Salary
$175K / year
Seniority
Lead
Job Description
Director, Market Risk Control
esVolta, LP
• Establish and lead esVolta’s market risk control framework, processes and tools to support trading and market-facing operations. • Analyze and report real-time trading desk risk exposures, including breaches of trading limits, while recommending and implementing mitigation strategies. • Draft and maintain comprehensive risk management policies and procedures aligned with company objectives and regulatory requirements. • Establish systematic trading limits, monitor adherence, and update limits as needed to reflect evolving strategies and market conditions. • Conduct detailed profit and loss attribution analysis with commentary on key drivers, ensuring accuracy and actionable insights for senior management. • Design and implement advanced quantitative tools and controls tailored to esVolta’s trading strategies, leveraging Python and SQL for automation where applicable. • Manage counterparty risks, operational risks, and business continuity planning to safeguard trading operations and financial assets. • Prepare detailed trading performance and risk analysis reports for senior leadership to inform decision-making. • Partner with trading, finance, and compliance teams to align risk management practices with organizational goals and ensure regulatory compliance. • Ensure timely compliance reporting, including ongoing reporting to esVolta Market Risk Committee.
Job Requirements
- 7+ years of relevant experience in market risk management, product control, or related roles at energy companies, trading firms, investment banks, or hedge funds.
- Bachelor’s degree in finance, economics, engineering, or a related field; professional certifications (e.g., CPA, CFA, FRM) are a plus.
- Proficiency in Python and SQL is highly desirable, with experience developing automated risk controls and reporting dashboards.
- Strong understanding of power markets and financial products, with a passion for power and the renewable energy sector.
- Exceptional analytical and problem-solving abilities, with a high level of attention to detail.
- Proven ability to lead cross-functional initiatives, establish frameworks from the ground up, and drive projects to completion.
- Demonstrated ability to use AI tools (e.g., ChatGPT, Claude, Harvey) to improve efficiency, quality, and responsiveness of work, while applying sound judgment and appropriate oversight.
Benefits
- 401(k) program with 6% match
- Monthly cell phone stipend
- Medical, dental and vision care benefits
- 20 vacation days, 5 sick days and 9 observed holidays
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