Manager, Quantitative Risk

Sol Systems is seeking a Manager, Quantitative Risk who will 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.

Sol Systems is a solar energy project development and financial services company with a national footprint and a diverse customer, investor, and partner base. The company has financed or developed over $2 billion of solar energy assets to date. As a leading renewable energy developer, financier, trader and operator, Sol Systems empowers entrepreneurs to have a meaningful impact on the world with a focus on catalyzing the development and operation of sustainable infrastructure.

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 automated tools to measure portfolio and transactional VAR, mark to market, credit, collateral, market liquidity, RAROC and P&L projections and 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 and support development on an updated portfolio structure to allow for improved tracking of products by market and customer type
• Support the VP of Risk and Operations with communication to the CEO, Executive Team and Investment Committee around portfolio risk and trading projections
• 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
• Comfortable working with large and complex datasets
• Prior experience in working with API’s
• Knowledge of best practices in developing risk models
• Strong interest in Solar, Trading and Business Operations
• 3-5 years related experience in energy and risk management
• Proficient in SQL and Python preferred

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.