Sr. Dir, Commodity Market Risk
About the position Rhythm Energy's profitability and long-term sustainability rely on smart exposure management and margin discipline in highly volatile deregulated power markets. This role was created to design and lead the company's market risk capability, establishing the frameworks, tools, and team needed to monitor and mitigate commodity risk across ERCOT, PJM, ISONE, and NYISO. You will serve as the strategic and operational lead for Rhythm's commodity risk function, partnering with Finance, Supply & Trading, Technology, and Operations to build a holistic view of risk-adjusted performance. Reporting directly to the CFO, you'll provide clear insights and decision support that drive smarter pricing, better hedging, and stronger capital allocation. Responsibilities • Enhance and lead Rhythm's enterprise commodity market risk function, owning team leadership, long-term strategy, roadmap execution, and scaling systems to match company growth • Design and implement a comprehensive risk framework, including VaR/GMaR, scenario analysis, stress testing, hedge effectiveness, position and exposure management, and risk-adjusted gross margin forecasting • Collaborate cross-functionally with Finance, Supply & Trading, Technology, and Operations to align risk practices with broader business strategy and capital efficiency • Oversee position data integrity, transaction validation, curve management, and mark-to-market valuation, ensuring robust controls in coordination with ETRM systems • Develop and deliver executive-level risk reporting that transforms complex exposure into actionable insights for the CFO and senior leadership • Partner with Technology and Data teams to define and implement scalable tools that enable real-time risk monitoring, scenario modeling, and forecasting accuracy • Serve as Rhythm's external face of risk management, engaging with investors, regulators, and counterparties to communicate the strength of Rhythms oversight and governance Requirements • Proven track record in commodity market risk with a deep track record in deregulated electricity markets (ERCOT, PJM, ISONE, and/or NYISO required) • Experience in building risk teams and systems in growth-stage or complex organizations • Deep knowledge of retail electric provider operations and wholesale-retail integration. • Expertise in VaR/GMaR, structured products, load modeling, P&L attribution, and portfolio valuation • Fluency in ETRM platforms and data tools (e.g., SQL, Python, Tableau, Excel, Databricks) • Executive-level communication and stakeholder management skills, confident interfacing with CFO, investors, and board • Strong understanding of wholesale-retail integration and capital planning for REPs Nice-to-haves • Advanced degree in quantitative field • experience navigating extreme commodity market and weather events • familiarity with renewable integration and credit risk Benefits • Competitive base + bonus + equity • Full health benefits, 401(k), PTO, and more • Flexible work-life balance • Professional development opportunities • Competitive compensation • Health Benefits Apply tot his job