Director of Market Risk Control
Remote
Full Time
Manager/Supervisor
Company Overview
esVolta, LP is a leading developer, owner and operator of utility-scale energy storage projects across North America. We are at the forefront of the fast-growing battery energy storage market, and our projects are helping to transition the nation’s electric grid to a cleaner and more reliable future. Our storage projects provide major utilities with a multitude of important services including reliable fast-ramping capacity, energy and ancillary grid services including renewable energy integration support.
esVolta is independently owned, and we are among the largest players in the US energy storage sector with about 1.5 GWh of projects in operation or construction under contract with utilities and other power buyers, and a 20+ GWh development pipeline of upcoming project opportunities.
We are headquartered in Newport Beach, California, with employees in multiple regions across the U.S. Our diverse management team has many decades of experience in the renewable energy, utility, and independent power sectors.
Culture
At esVolta, every employee makes an impact to the company’s growth and profitability, every day. We have a fast-paced, high-performance and team-oriented culture. We value quality of life and flexibility for our employees and strive to help our team members achieve their career goals.
Apply today to start an extraordinary career.
Job Description
We are seeking an experienced 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 role will report directly to the CFO.
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.
Key Responsibilities
Skills & Qualifications
Compensation and Location
The anticipated annual salary plus bonus range for this position is listed below. The actual salary and bonus offered will depend on the specific skills and experience of the selected candidate.
esVolta, LP is a leading developer, owner and operator of utility-scale energy storage projects across North America. We are at the forefront of the fast-growing battery energy storage market, and our projects are helping to transition the nation’s electric grid to a cleaner and more reliable future. Our storage projects provide major utilities with a multitude of important services including reliable fast-ramping capacity, energy and ancillary grid services including renewable energy integration support.
esVolta is independently owned, and we are among the largest players in the US energy storage sector with about 1.5 GWh of projects in operation or construction under contract with utilities and other power buyers, and a 20+ GWh development pipeline of upcoming project opportunities.
We are headquartered in Newport Beach, California, with employees in multiple regions across the U.S. Our diverse management team has many decades of experience in the renewable energy, utility, and independent power sectors.
Culture
At esVolta, every employee makes an impact to the company’s growth and profitability, every day. We have a fast-paced, high-performance and team-oriented culture. We value quality of life and flexibility for our employees and strive to help our team members achieve their career goals.
Apply today to start an extraordinary career.
Job Description
We are seeking an experienced 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 role will report directly to the CFO.
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.
Key Responsibilities
- Build the Risk Control Function: Establish and lead esVolta’s market risk control framework, processes, and tools to support trading and market-facing operations.
- Monitor Risk Exposures: Analyze and report real-time trading desk risk exposures, including breaches of trading limits, while recommending and implementing mitigation strategies.
- Develop Risk Policies: Draft and maintain comprehensive risk management policies and procedures aligned with company objectives and regulatory requirements.
- Set Trading Limits: Establish systematic trading limits, monitor adherence, and update limits as needed to reflect evolving strategies and market conditions.
- Oversee P&L Reporting: Conduct detailed profit and loss attribution analysis with commentary on key drivers, ensuring accuracy and actionable insights for senior management.
- Enhance Risk Analytics: Design and implement advanced quantitative tools and controls tailored to esVolta’s trading strategies, leveraging Python and SQL for automation where applicable.
- Counterparty & Operational Risk: Manage counterparty risks, operational risks, and business continuity planning to safeguard trading operations and financial assets.
- Reporting: Prepare detailed trading performance and risk analysis reports for senior leadership to inform decision-making.
- Oversee compliance with associated risk policies and procedures and limits. Ensure timely compliance reporting, including ongoing reporting to esVolta Market Risk Committee.
- Collaborate Across Teams: Partner with trading, finance, and compliance teams to align risk management practices with organizational goals and ensure regulatory compliance.
Skills & Qualifications
- Education: Bachelor’s degree in finance, economics, engineering, or a related field; professional certifications (e.g., CPA, CFA, FRM) are a plus.
- Experience: At least 5 years of relevant experience in market risk management, product control, or related roles at energy companies, trading firms, investment banks, or hedge funds.
- Technical Skills: Proficiency in Python and SQL is highly desirable, with experience developing automated risk controls and reporting dashboards.
- Industry Knowledge: Strong understanding of power markets and financial products, with a passion for power and the renewable energy sector.
- Analytical Skills: Exceptional analytical and problem-solving abilities, with a high level of attention to detail.
- Leadership: Proven ability to lead cross-functional initiatives, establish frameworks from the ground up, and drive projects to completion.
Compensation and Location
The anticipated annual salary plus bonus range for this position is listed below. The actual salary and bonus offered will depend on the specific skills and experience of the selected candidate.
| Title: Director of Market Risk Control | Salary: $185,000 | Bonus: 30% |
- Flexible, option to work-from-home with periodic office visits for in-person engagement or to work from company offices in Newport Beach. For work-from-home option, must have a dedicated workspace and strong internet connectivity.
- Requires ability to travel to company offices, project sites and business meetings as needed.
esVolta is an Equal Opportunity Employer.
We celebrate all forms of diversity and are committed to creating an inclusive environment for all employees. However you identify or whatever your path here, we encourage you to apply. 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.
We celebrate all forms of diversity and are committed to creating an inclusive environment for all employees. However you identify or whatever your path here, we encourage you to apply. 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.
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