Director, Market Risk Control
esVoltaNewport Beach, California
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Overview
Schedule
Full-time
Education
CPA
Career level
Executive
Remote
Remote
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Job Description
OverviewesVolta, 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 2.0 GWh of projects in operation or construction, and 25+ GWh in the development pipeline.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. esVolta is an innovative industry leader in development, design, construction, financing, and management of utility scale energy storage projects.At esVolta, every employee makes an impact on 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.About The RoleWe 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.Core 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.
- 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.
- 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; 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.
| $175,000 | 25% |
- 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
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.
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FAQs About Director, Market Risk Control Jobs at esVolta
What is the work location for this position at esVolta?
This job at esVolta is located in Newport Beach, California, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at esVolta?
Employer has not shared pay details for this role.
What employment applies to this position at esVolta?
esVolta lists this role as a Full-time position.
What experience level is required for this role at esVolta?
esVolta is looking for a candidate with "Executive" experience level.
Does esVolta allow remote work for this role?
Yes, this position at esVolta supports remote work, giving candidates the flexibility to work outside the primary office location.
What education level is required for this job?
The education requirement for this position is CPA. Candidates with relevant qualifications or equivalent experience may also be considered.
What benefits are offered by esVolta for this role?
esVolta offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Paid Holidays, Paid Vacation, Paid Sick Leave, 401k Matching/Retirement Savings, Home Office Reimbursement/Stipend, and Health & Wellness Programs for this position. Actual benefits may vary depending on the employer's policies and employment terms.
What is the process to apply for this position at esVolta?
You can apply for this role at esVolta either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.