Risk Manager
At a glance
Manager-level Risk & Financial Compliance role at David Energy. New York · full-time · $140,000–$170,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Lead risk management and set up a framework for using controllable capacity, including distributed batteries, to manage exposure
- Build daily tracking for positions across energy, capacity, renewable energy credits and ancillary services
- Analyze stress scenarios for forward positions and assess seasonal hedging approaches
- Set risk add-ons for pricing inputs such as variable load, shaping and balancing, and maintain forward cost curves
- Grow the risk team as the business enters additional markets
What you bring
- At least eight years working across retail energy, power trading and energy risk management
- Strong command of energy markets, including NYISO, ERCOT, PJM or ISO-NE
- Strong analytical skills with data and clear, precise communication
Who this fits
This manager role suits someone ready to lead risk work and build a team while handling hands-on analysis. It is based in New York City, with a hybrid setup combining remote work and office time. The stated base salary range is $140,000 to $170,000, plus equity.
From the employer
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 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).
In this role, you will
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
We invite you to apply for this role if you have
Exceptional ability to communicate clearly and precisely
8+ 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
You could be an especially great fit if you have
Bachelor’s degree in a quantitative field (e.g., physics, mathematics, economics)
Proficiency in SQL
Compensation and Benefits:
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