Director, Market Risk Control

esVolta•Newport Beach, CA

3d•Remote

About The Position

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. esVolta is independently owned, and we are among the largest players in the US energy storage sector with about 2.0 GWh of projects in operation or construction, and 25+ GWh in the development pipeline. We are headquartered in Newport Beach, California, with employees in multiple regions across the U.S. Our diverse management team has many decades of experience in the renewable energy, utility, and independent power sectors. esVolta is an innovative industry leader in development, design, construction, financing, and management of utility scale energy storage projects. At esVolta, every employee makes an impact on the company’s growth and profitability, every day. We have a fast-paced, high-performance and team-oriented culture. We value quality of life and flexibility for our employees and strive to help our team members achieve their career goals. 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. The ideal candidate will bring a strong understanding of power markets, risk management principles, and regulatory requirements. They will proactively identify, monitor and mitigate market, credit and operational risks, ensuring that esVolta’s trading activities align with the company’s financial and strategic objectives. This position involves working closely with trading, finance and compliance teams to implement robust controls, enhance risk reporting and ensure regulatory compliance.

Requirements

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.

Nice To Haves

professional certifications (e.g., CPA, CFA, FRM) are a plus.

Responsibilities

Establish and lead esVolta’s market risk control framework, processes and tools to support trading and market-facing operations.
Analyze and report real-time trading desk risk exposures, including breaches of trading limits, while recommending and implementing mitigation strategies.
Draft and maintain comprehensive risk management policies and procedures aligned with company objectives and regulatory requirements.
Establish systematic trading limits, monitor adherence, and update limits as needed to reflect evolving strategies and market conditions.
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.
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.