# Power Trading Lead

**Company:** [OpenAI](https://hotfix.jobs/companies/openai)
**Location:** Remote
**Role:** Finance & Accounting
**Salary:** $181k – $285k/yr
**Experience:** 10+ years
**Skills:** Power Trading, Energy Procurement, Commodity Risk Management, Wholesale Power Markets, Natural Gas Markets, Hedging, Forwards, Swaps, Options, Utility Tariffs, Congestion Risk, Basis Risk, Capacity Markets, Isda Agreements, Risk Analytics
**Posted:** 2026-08-09

> Leads commodity hedging strategy and execution for a large data center power portfolio, covering electricity, natural gas, procurement structures, and market risks. Requires 10+ years in power trading, energy procurement, commodity risk management, or related energy markets.

## Job Description

## Responsibilities
- Develop and maintain commodity hedging strategy across electricity, natural gas, and related energy exposures for data center operations and growth.
- Quantify portfolio exposure by market, site, load shape, tenor, tariff, and supply structure, and translate exposure into hedging recommendations.
- Evaluate and execute hedging structures including fixed-price supply, forwards, swaps, options, retail supply products, congestion and basis risk mitigation, and related instruments.
- Partner with utilities, suppliers, traders, banks, consultants, and market counterparties to source competitive products and improve risk-adjusted energy economics.
- Build decision frameworks for when to hedge, how much to hedge, and which risks to retain across site development, construction, and operations.
- Coordinate with finance, treasury, legal, procurement, energy regulatory, sustainability, and site-readiness teams.
- Monitor wholesale power markets, gas markets, congestion, basis, capacity, ancillary services, tariff developments, and regulatory changes affecting portfolio cost or reliability.
- Produce executive-ready analyses on commodity risk, hedge performance, downside scenarios, and recommended actions.
- Build repeatable governance, controls, reporting, and playbooks for commodity risk management.

## Requirements
- 10+ years of experience in power trading, energy procurement, commodity risk management, utility strategy, energy markets, or related roles.
- Deep understanding of U.S. wholesale power markets, retail supply structures, utility tariffs, congestion and basis risk, capacity, and natural gas market linkages.
- Experience designing or executing hedging strategies for large energy consumers, generators, utilities, data centers, or other power-intensive infrastructure.
- Strong analytical ability to translate complex market exposure into clear commercial, financial, and executive recommendations.
- Strong cross-functional communication skills and comfort operating in a fast-moving, ambiguous environment.
- Excellent judgment, documentation, and executive-summary skills.

## Nice to Have
- Experience working with ISDAs, supply contracts, risk limits, approvals, and internal controls.

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