Head of Market Risk Management

We are seeking individuals to join as Director of Market Risk Control to establish and lead the market risk control function at esVolta. This role will design, implement and oversee risk management frameworks to safeguard the company’s trading activities and financial stability while enabling growth in the renewable energy market.

The ideal candidate will bring a strong understanding of power markets, risk management principles, and regulatory requirements. They will proactively identify, monitor and mitigate market, credit and operational risks, ensuring that esVolta’s trading activities align with the company’s financial and strategic objectives. This position involves working closely with trading, finance and compliance teams to implement robust controls, enhance risk reporting and ensure regulatory compliance.

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.
• 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.
• Oversee compliance with associated risk policies and procedures and limits.
• Ensure timely compliance reporting, including ongoing reporting to esVolta Market Risk Committee.

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; 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.
• Proven ability to lead cross-functional initiatives, establish frameworks from the ground up, and drive projects to completion.
• ChatGPT, Claude, Harvey) to improve efficiency, quality, and responsiveness of work, while applying sound judgment and appropriate oversight.

The actual salary and bonus offered will depend on the specific skills and experience of the selected candidate.

• $25% bonus
• Monthly cell phone stipend
• Medical, dental and vision care benefits
• 20 vacation days, 5 sick days and 9 observed holidays
• This position is classified as remote within the continental United States; however, periodic travel to company offices, project sites or other meeting locations may be required on an as-needed basis.

We celebrate all forms of diversity and are committed to creating an inclusive environment for all employees.

~We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the hiring process, perform essential job functions, and receive other benefits and privileges of employment.