What You’ll Do

• Accountable for accurate and complete management of all short and long-term wholesale risks.
• Continually observe and make improvement recommendations on the appropriate risk approach as the business grows and the market evolves. Present clear recommendations to key stakeholders (both within Octopus Energy US and the wider Octopus Energy group) for approval.
• Ensure that approved amendments are clearly captured in the risk policy.
• Calculate and execute trades to ensure compliance with risk policy.
• Continuously monitor short-term markets and trade execution to ensure that positions are sufficiently covered.
• Report on VaR under a range of outlooks (winter storms/summer heatwaves / etc).
• Work with Data Science team to develop demand forecasts and monitor accuracy.
• Make proposals on generation, flexibility, or DSR initiatives that will support risk management and innovative ways to deliver genuine renewable supply.
• Continuously challenge processes and deliver improvement/automation, or spec improvements/automation for delivery by the Tech team.
• Develop REC hedging strategy 

What You’ll Need

• Experience working in several Electricity supply markets (NYISO, PJM, MISO, ISO-NE, ERCOT)
• Very bright, highly numerate, ability to handle multidimensional concepts
• Experience with Python and SQL
• Experience managing and reporting on financial risk
• Strong analytical skills coupled with an ability to think strategically
• Excellent verbal and written communication skills
• Flexibility to grow and adapt as the business grows
• Able to challenge with empathy and support  as required at times as we develop the business
• Comfortable with some ambiguity (our world is changing fast)

Why Else You’ll Love It Here

• Great medical, dental, and vision insurance options including FSAs.
• paid time off — we know working hard means also being able to recharge as needed, we trust our employees to get the work done and take the time they need.
• 401(k) plan with employer match.
• Parental leave. Biological, adoptive and foster parents are all eligible.
• Pre-tax commuter benefits.
• Flexible working environment: you need to shift around your schedule? You do you, we genuinely believe in work/life balance.
• Equity Options: every Octopus employee owns part of the business. We’re a team, working together towards huge goals. Every person is crucial to our success, you should be rewarded as such.
• Modern office or co-working spaces depending on location.