Director, Quantitative Risk

Sol Systems is seeking a Director, Quantitative Risk to help facilitate the management of risk within the trading organization and assist with the operations of the Trading team. The role will support the growth and oversight of Sol’s Trading Business. The primary focus will be on developing Risk Management processes that track, report and measure risk factors that impact the Sol Trading team portfolio. The Director is a senior level role in the risk organization that will continue to help build out the risk management function at Sol.

Sol Systems is a leading solar energy firm based in Washington, DC, dedicated to building a more sustainable future. Founded in 2008, the company deploys renewable energy infrastructure across the United States, with a specific focus on ensuring that these projects have a positive economic impact on the communities in which they operate. The company has financed or developed over $2 billion of solar energy assets to date. We work with some of the largest corporations in the world to achieve a carbon-free and sustainable future. Sol has been founder-lead throughout its 15 years of operations, and is backed by KKR, one of the largest private equity firms in the world.

Key Responsibilities:

• Identify, assess and quantify risk at the portfolio and individual trade level, and work with traders to develop risk mitigation strategies prior to and after trade execution
• Develop and enhance automated tools to measure position, P&L, VAR, mark to market, RAROC, credit, collateral and liquidity as well as automated tools to improve risk management by collaborating with key stakeholders. Project work will entail identification and collection of data, building data pipelines and creating an optimized user-friendly reporting system
• Lead the development of visualization tools to help the Trading team and Executive Team understand and identify risks within the portfolio
• Participate in the development of an ETRM platform that includes analytical tools the team can utilize to manage positions, risks and portfolio performance
• Develop tools to measure counterparty risk including the management of Sol’s internal risk rating system
• Support development on an updated portfolio structure to allow for improved tracking of products by market and customer type and support the VP of Risk and Operations with communication to the CEO, Executive Team and Investment Committee around portfolio risk and trading projections
• Develop, update, modify and administer risk governance and controls
• Support the Risk and Trading Team with other urgent matters as they arise

A successful candidate will possess the following skills and attributes: 

• Bachelor’s degree in Engineering, Statistics, Information Technology, Science, Finance or Economics
• Strong background in model development process and comfortable working with large and complex datasets
• Prior experience in working with API’s
• Experience in best practices in developing risk models
• Prior experience in Solar, Trading and Business Operations
• 5-7 years related experience in energy and risk management
• Proficient in SQL and Python
• Ability to review and analyze complex data sets and communicate conclusions to senior management
• Experience in business forecasting, financial modeling and energy modeling

Location & Hours: This is a full-time role and will be based in our Washington, DC office. We offer a hybrid work schedule with the flexibility to work remotely three days a week.

Commitment & Compensation: Compensation will be commensurate with experience. In addition, Sol Systems provides health insurance, retirement benefits, partial gym reimbursement, education benefits, parental leave, paid vacation, sick and federal holidays, and the opportunity to work in a unique and dynamic environment.

To Apply: Please submit a resume, cover letter and salary requirements.

Deadline: We hope to hire for these positions immediately and will review applicants on a rolling basis.

Sol Systems is an equal-opportunity employer, and does not discriminate based on gender, race, ethnicity, orientation, creed, or other traits. Sol Systems supports and encourages candidates of all backgrounds to apply.