About the job
ElectronX™ builds the first U. S.-regulated, direct access market for electricity derivatives. The company focuses on financial solutions that help manage the risks of volatile short-term electricity prices. With offices in Chicago and New York City, ElectronX aims to provide the financial infrastructure and risk management tools needed for the future of U. S. energy production and grid development. The company is backed by venture capital from Innovation Endeavors, Systemiq Capital, Equinor Ventures, Shell Ventures LLC, DCVC, Amplo, BoxGroup, and Lightning Capital.
Role overview
The Head of Risk will design and lead the enterprise risk framework as ElectronX expands across all U. S. Independent System Operators (ISOs) and moves toward margin-based trading. This position works closely with the Chief Risk Officer and shapes the company’s approach to market, credit, counterparty, operational, and liquidity risks. The role focuses on building a quantitative risk function tailored to the unique challenges of energy markets, rather than maintaining existing systems.
Key responsibilities
- Develop and oversee the risk management framework for the exchange and Derivatives Clearing Organization (DCO).
- Define the organization’s risk appetite and tolerance levels.
- Establish risk governance structures, including policies, procedures, and escalation protocols.
- Implement monitoring and surveillance frameworks that go beyond regulatory compliance standards.
Location
This role is based in Chicago.
