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Head of Risk at ElectronX | Chicago

ElectronXChicago
On-site Full-time

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Experience Level

Senior Level Manager

Qualifications

QualificationsWe seek candidates who are not only resourceful and adaptable but also possess a deep curiosity and desire to innovate in a fast-paced, competitive environment. Your experience in risk management at established institutions will be invaluable, allowing you to discern effective practices from traditional models and adapt them to the modern landscape of energy markets.

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.

About ElectronX

ElectronX is a groundbreaking startup revolutionizing the electricity derivatives market in the U. S., providing essential risk management solutions to support the evolving energy sector. Backed by prominent venture capital firms, we are poised for significant growth and innovation.

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