Risk Manager
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Overview
Job Description
About David Energy
David Energy is creating a new kind of power company. We offer cheaper and cleaner energy than traditional Retail Electricity Providers (REPs) can, and we do so economically because we can tap into renewable supply (e.g. solar) and controllable capacity (e.g. batteries) anywhere it exists, including "behind" customers’ electricity meters. We’re a series A company aiming to run the grid on clean energy 24/7/365.
We’re rapidly scaling our "Beat the Utility" product which guarantees small commercial customers that their total electric spend will be less than their incumbent utility. We can make this guarantee because our technology and risk management unlock value that is not available to the utility. We're currently operating in NYC (NYISO Zone J) and scaling toward hundreds of new customer locations per month, with plans to expand to additional zones and ISOs across the Northeast.
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
8+ 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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