US Procurement Risk Manager
Posted on 11/22/2022
Octopus Energy

501-1,000 employees

Cloud-based renewable energy service
Company Overview
Octopus Energy is on a mission to transform energy globally, faster and cheaper than anyone imagined. They are are relentless in driving the smart grid technologies that'll deliver cheaper green electricity to fuel our homes, businesses, cars and heating.
London, UK
Experience Level
Desired Skills
Data Science
Data & Analytics
  • Experience working in energy markets (particularly US markets) very advantageous
  • 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)
  • Accountable for accurate and complete management of all short and long-term wholesale risks
  • Work with Group Risk team to spec and build our internal ETRM software for clear and accurate trade capture and position and risk reporting
  • 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
  • Develop REC hedging strategy