Director, Market Risk Control

This is a fully remote position, open to applicants in California.

📋 Description

• Develop and oversee esVolta’s market risk control framework, processes, and tools to support trading and market-related operations.

• Analyze and report on real-time trading desk risk exposures, including instances of limit breaches, while proposing and executing mitigation strategies.

• Create and maintain comprehensive risk management policies and procedures that align with company objectives and regulatory standards.

• Set systematic trading limits, monitor compliance, and adjust limits as necessary to reflect changing strategies and market dynamics.

• Conduct in-depth profit and loss attribution analysis with insights on key drivers, ensuring precision and actionable recommendations for senior management.

• Design and implement sophisticated quantitative tools and controls specifically tailored to esVolta’s trading strategies, utilizing Python and SQL for automation where applicable.

• Manage risks associated with counterparties, operations, and business continuity planning to protect trading activities and financial assets.

• Prepare comprehensive trading performance and risk analysis reports for senior leadership to support informed decision-making.

• Collaborate with trading, finance, and compliance teams to synchronize risk management practices with organizational objectives and ensure adherence to regulations.

• Ensure timely compliance reporting, including ongoing updates to the esVolta Market Risk Committee.

⛳️ Requirements

• Over 7 years of relevant experience in market risk management, product control, or similar roles within energy companies, trading firms, investment banks, or hedge funds.

• Bachelor’s degree in finance, economics, engineering, or a related discipline; professional certifications (e.g., CPA, CFA, FRM) are advantageous.

• Strong proficiency in Python and SQL is highly preferred, with experience in developing automated risk controls and reporting dashboards.

• Solid understanding of power markets and financial instruments, with a keen interest in power and the renewable energy sector.

• Outstanding analytical and problem-solving skills, accompanied by a meticulous attention to detail.

• Proven track record of leading cross-functional projects, building frameworks from scratch, and successfully driving initiatives to completion.

• Demonstrated capability to utilize AI tools (e.g., ChatGPT, Claude, Harvey) to enhance efficiency, quality, and responsiveness of work, while exercising sound judgment and appropriate oversight.

🏝️ Benefits

• 401(k) program with a 6% match

• Monthly cell phone stipend

• Medical, dental, and vision care benefits

• 20 vacation days, 5 sick days, and 9 observed holidays