Director, Market Risk
United States / Canada
Risk – Risk /
Full-time, remote /
Remote
Company Overview
Intersect Power is a team of friends driven to preserve our planet for future generations through low-carbon energy and infrastructure solutions. Founded in 2016, the privately held clean energy company develops and owns some of the world’s largest clean energy resources serving customers in retail and wholesale energy markets across North America. The company is redefining the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy to enable the deep decarbonization of our economy. We are on an aggressive growth trajectory and are staffing key positions.
About This Position
Our Finance team is hiring a Director, Market Risk to oversee the operations of the Risk Team and directly contribute to the risk management processes and tools of the Team. The Director, Market Risk will assist in the back-end and front-end development, maintenance and monitoring of critical risk management infrastructure, including: 1) the VaR / CVaR reporting methodology and dashboard, 2) risk policies, monitoring, and associated reporting and 3) in-house / proprietary power forward curves development.
The role will work closely with Origination & Trading/Operations and will report to the VP of Risk.
Responsibilities & Duties
- Ongoing development of the VaR & risk management platform
- Develop & maintain proprietary power and gas curves using machine learning/regression
- Monitor risk limits against risk management policies
- Report VaR and risk limit status to Executive Team and/or investors
- Monitor MTM of assets and report values
- Work with Structured Origination on pricing of derivative (Options, swaps) & hourly shaping
Qualifications & Skills
- Superior front-end and back-end Python programming skills
- Fluency in Pandas, NumPy, SK-Learn, Statsmodels, Scipy, Dash / Plotly
- Advanced knowledge of time-series modeling and stochastic processes
- Practical understanding of VaR, MVaR and Expected Shortfall / CVaR
- Working knowledge of machine learning models
- Experience working on / with trading teams
- Commercially-minded, understanding the nature of business/revenue generation
- Solid understanding U.S. power and gas markets
- Excellent oral and written communication skills
- 10+ years of experience in a quantitative role
- 3-5 years experience managing a risk team
- Experience building and monitoring a Monte Carlo VaR platform preferred
- Masters Degree in quantitative discipline preferred
*A note on qualifications: Studies have shown that women and people of color are less likely to apply for jobs unless they believe they are able to perform every task in the job description. We are most interested in finding the best candidate for the job and will consider any equivalent combination of knowledge, skills, education and experience to meet minimum qualifications. If you are interested in applying, we encourage you to think broadly about your background and skill set for the role.
Physical & Sensory Requirements
- Mostly sedentary work; using standard office equipment including: a computer, keyboard, and telephone
- Position requires some travel for company-wide meetups: ~5 weeks total through a calendar year
Reasonable Accommodations are available, including, but not limited to, for disabled veterans, individuals with disabilities, and individuals with sincerely held religious beliefs, in all phases of the application and employment process. To request an accommodation please email hr@intersectpower.com.
Salary & Benefits
- Salary: USD$160,000 - $170,000 or CAD$216,704 - $230,248 base salary with 30% - 40% annual target bonus
- Exceptional Healthcare: Access comprehensive medical, dental, and vision plans with 100% premium coverage for both you and your dependents.
- Financial Security: Benefit from a 3% non-elective employer contribution to your 401k or RRSP, ensuring your financial future is on the right track.
- Time Off: Unlimited Paid Time Off (PTO) + two company-wide vacation weeks (Fourth of July & End of year). We believe in the importance of rest and relaxation.
- Family-Friendly Policies: Experience up to 12 weeks of fully paid parental leave, with an additional 6 weeks for birth parents. We support you through the exciting journey of parenthood.
- Mental Health and Well-being: Access mental health and behavioral coaching services through Ginger, providing you with the support you need to thrive both personally and professionally.
- Family Planning Support: Navigate family planning with ease through our partnership with Carrot, ensuring a seamless experience for new parents.
- Perks: Enjoy a variety of perks, including a $150 USD monthly food stipend on UberEats and a pet insurance allowance. We care about the little things that make a big difference.
- Tech-Ready: Gear up with our new hire tech package, including a laptop, monitor, docking station, webcam, headphones, and more. Set up your home office with provided furniture, including a desk and chair.
At Intersect Power we believe in fostering a supportive and enriching environment for our team members. Join us and experience a workplace that truly values you, inside and outside the office!
Note: We welcome applicants who do not have current enforceable non-compete restrictions that would hinder their employment with us. If you are currently under a non-compete agreement with a previous employer, we kindly request that you carefully review the terms of that agreement and ensure that your potential employment with us does not violate those terms.
Unsolicited resumes or referrals from third-party recruiting firms or agencies are not accepted by Intersect Power.
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