Quantitative Risk Associate

Sol Systems is seeking a Quantitative Risk Associate 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 management 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 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 automated tools to measure portfolio and transactional VAR, mark to market, liquidity, RAROC and P&L projections 
• Contribute to the development of visualization tools to help the Trading team and Executive Team understand and identify risks within the portfolio 
• Support 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 rating system 
• 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 or Economics. Master’s degree in a related field preferred 
• Strong background in model development process 
• 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 VBA, SQL and a programming language(s) (Python preferred) 
• Flexibility and ability to work in an office, open floor plan environment 

Location & Hours: This is a full-time role and will be based in our Washington, DC office.  

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.