Director, Market Risk Control

About the role

esVolta, 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.

We 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.

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.

Skills & Qualifications

• 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.

Compensation, Location & Benefits

• | $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

This position is classified as remote within the continental United States (international work is not permitted); however, periodic travel to company offices, project sites or other meeting locations may be required on an as-needed basis.