Every day, we work together for what matters – bold, swift, and equitable climate action.
ABOUT THE ROLE
If you are passionate about assessing and identifying risks that could impede the reputation, financial success and security of an organization, then this is an opportunity for you to join a developing risk management team, within a growing B Corp. 3Degrees is focused on helping organizations around the world rise to the challenge of taking urgent action on climate change, and to support our growth, we are seeking an experienced market risk analyst who is looking to bring their analytical and quantitative skills to help our company grow while taking prudent risk.
This is a full-time position preferably located in San Francisco, CA or Portland, OR, and will report to the Director of Risk Management. A remote office, located in other parts of the United States, with agreement to travel for training and collaboration, will be considered for highly qualified candidates.
WHAT YOU’LL DO
This role is responsible for measuring, analyzing and reporting market risk exposure of the organization’s environmental products portfolio. Key responsibilities include the following:
- Build and maintain risk exposure reports for environmental products related to Energy (EACs like RECs, GOs, IRECs), Carbon Allowances & Offsets (like CCAs, VERs) and Transportation (like LCFS)
- Work closely with trading and trade operations teams to ensure risk reports adequately reflect the risk in the portfolio
- Analyze and comment on changes in the portfolio and highlight risk concentration
- Enhance current risk evaluation systems and processes to encompass all products in
- environmental markets
- Build an automated daily curve marking process and provide independent validation of trade marks
- Build new quantitative risk models like VaR, PFE, Sensitivities and Scenario/Stress Testing
- Leverage data analysis skills to build organization wide data repository on risk exposures
- Work with Finance to develop models on working capital, cash flow projection and other forecasting activities
- Recommend portfolio limits and ensure all risk exposures are within risk policy guidelines
- Assist in other risk department initiatives
ABOUT YOU
This is a role for someone who wants to influence their own development. You are looking for an opportunity to springboard your career forward while following your passion. For this role, we believe an individual with the following qualifications will have a great opportunity to be successful in the role:
- Undergraduate degree in Finance, Economics, Mathematics, or a related degree
- 5 + years of market risk experience
- Possess strong quantitative, technical and data analysis skills
- Have strong knowledge of commodity trading markets and risk management fundamentals
- Experience in SQL and data visualization tools like Tableau
- Excellent verbal and written communication skills
- Must be self-motivated with excellent time management and prioritization skills
- Strong computer and spreadsheet modeling skills
- Experienced in renewable energy trading markets preferred
- Preferred Coding experience in R, Python, Excel VBA
- Professional certifications like FRM, PRM, CFA would be preferred
HOW WE DEFINE SUCCESS
As a member of the team you will be focused on enabling all 3Degrees team members to achieve company and professional goals in a way that is consistent with our values:
Within 30 days
- Developed an understanding of the company structure, products, and risk policies and an appreciation for the unique risk profile of the company
- Successfully establish relationships with key stakeholders across risk management, finance, trading and commercial teams
Within 90 days
- Take ownership of risk exposure and PnL reporting across the portfolio
- Actively participate and contribute towards various risk initiatives
Within 6 months
- Be the point of contact for market risk related items within the organization
- Be a champion of best practices in risk measurement processes, tools and systems
- Design, implement and maintain quantitative risk models that accurately measure risk in the portfolio
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COMPENSATION & BENEFITS**
- Compensation: The minimum and maximum salary for this position is $89.000 to $135,000 in the US. The level of pay within the range will depend on a variety of job-related factors that may include location, role requirements, relevant prior experience and/or education, or particular skills and expertise
- Supplemental Cash Compensation Pay: this position is eligible for discretionary bonus programs including the company’s profit sharing program and an annual performance bonus based on personal, department and company goals
- Benefits: this position is eligible for a benefits package that includes medical, dental, vision, 401k, flexible paid time off and more. Additional information regarding the benefits available for this position can be found at: https://jobs.jobvite.com/3degrees/jobs/jointheteam
- This compensation and benefits information is based on 3Degrees’ good faith estimate as of the date of publication and may be modified in the future
OUR COMMITMENT TO DIVERSITY, INCLUSION AND EQUITY
3Degrees is an equal opportunity employer. We promote, value, and thrive with a diverse and inclusive team. Different perspectives contribute to better solutions and this makes us stronger every day. We are proud to welcome all people of race, color, religion, national origin, gender identity, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation or any other category protected by law.
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