Risk Manager

David Energy • $140K — $170K *

New York, NY 10025In-Person

Energy & Utilities

5 - 7 years of experience

2 months ago

Job Overview by Ladders

Qualifications

5+ years of experience in retail energy, energy trading, and energy risk management
Strong working knowledge of energy markets such as NYISO, ERCOT, PJM, ISO-NE
Exceptional communication skills
Strong data analytics abilities
Detail-oriented with a mindset for automation
Ability to thrive in a fast-paced startup environment.

Responsibilities

Lead the risk management function at David Energy
Create a risk management framework utilizing controllable capacity
Develop a risk reporting structure for daily tracking of energy positions
Build a high-performing risk team as the company expands
Conduct stress case analysis on forward energy positions
Establish risk adders and maintain forward cost curves

Benefits

Group medical and dental insurance
Flexible vacation/PTO policy
401(k) plan
Hybrid office culture with remote options

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Full Job Description

We are looking for a Risk Manager to lead our risk management function as David Energy enters its next phase of growth. The ideal candidate will use their extensive experience in retail and wholesale power markets to lead establishing a risk management function for a first-of-its-kind business that is redefining the power sector. You will be responsible for executing our risk policy while maximizing value from our controllable capacity (e.g., fleet of distributed batteries).

In this role, you will

Lead David Energy's risk management
Create a framework for using controllable capacity for risk management
Develop a risk reporting framework for daily position tracking (e.g., energy, capacity, RECs, ancillaries)
Build a world-class risk team as David Energy expands into new markets
Perform stress case analysis on forward positions and evaluate seasonal hedge strategies
Establish risk adders for pricing components (e.g., variable load risk, shaping, balancing costs) and maintain forward cost curves

We invite you to apply for this role if you have

Exceptional ability to communicate clearly and precisely
5+ years of work experience in retail energy, energy trading, and energy risk management
Strong working knowledge of energy markets (e.g., NYISO, ERCOT, PJM, ISO-NE)
Strong data analytics skills
Mindset for automation and attention to detail
Ability to deliver in a fast-paced, early-stage startup environment

You could be an especially great fit if you have

Bachelor's degree in a quantitative field (e.g., physics, mathematics, economics)
Proficiency in SQL

Compensation and Benefits:

Base salary range of $140,000 - $170,000 plus equity, depending on experience
Group medical and dental insurance
Flexible vacation/PTO policy
401(k) plan
Hybrid office culture, with team members remote and working from our office in New York City

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About David Energy

David Energy is a technology company that provides renewable energy solutions to commercial and industrial customers. The company's platform uses artificial intelligence and machine learning to optimize energy usage and reduce costs. David Energy offers a range of services, including energy procurement, demand response, and energy storage. The company was founded in 2017 and is headquartered in New York, NY.

Learn more about David Energy

Size

10 employees

Industry

Energy & Utilities

* Ladders Estimates

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