New York, New York, United States · Hybrid
$140k–$170k/yr
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 ren…
Skills: Risk management, Retail energy, Energy trading, Data analytics, SQL
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The Risk Manager will lead the risk management function and develop frameworks for utilizing controllable capacity to manage market risks. They are responsible for daily position tracking, stress testing forward positions, and establishing risk adders for pricing components.
Candidates must have 5+ years of experience in retail energy, energy trading, and risk management with strong knowledge of energy markets like NYISO, ERCOT, or PJM. Proficiency in SQL and a background in a quantitative field such as mathematics or economics are highly preferred.
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).
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
Exceptional ability to communicate clearly and precisely
5+ 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
Bachelor’s degree in a quantitative field (e.g., physics, mathematics, economics)
Proficiency in SQL
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
Lower electric bills. Guaranteed.
David Energy is the only energy provider helping New York City businesses beat their utility bill every month with free, plug-in batteries. Our batteries charge when energy is cheap and discharge when it’s expensive. The batteries lower our cost to supply electricity and each month we show our customers the savings we pass on to them. David Energy has installed batteries across hundreds of locations working silently in the background with no operational disruption. We're building a new kind of energy company with a mission to power the grid on clean energy and put you in control.
Offices: New York, New York, US
Lower electric bills. Guaranteed.
David Energy is the only energy provider helping New York City businesses beat their utility bill every month with free, plug-in batteries. Our batteries charge when energy is cheap and discharge when it’s expensive. The batteries lower our cost to supply electricity and each month we show our customers the savings we pass on to them. David Energy has installed batteries across hundreds of locations working silently in the background with no operational disruption. We're building a new kind of energy company with a mission to power the grid on clean energy and put you in control.
Offices: New York, New York, US
