Finance and controlling

(Senior) Risk Manager for Renewable portfolio

Imagine a future where you manage market price risk and production risk from a portfolio of renewable assets in increasingly complex and volatile markets

Join us in this role where you’ll work with forecast and price data for our Continental European renewable assets. You’ll share insights with your team and senior management, optimise processes, and develop tools for increased risk insights or reporting. You’ll also take part in the team’s risk reporting, development of risk mandates, and various projects and analyses.

Welcome to Merchant Risk
You’ll be part of Merchant Risk Continental Europe where you, together with your colleagues, have the responsibility of the risk management process. We’re responsible for the market price risk and production risk from our Continental European wind and solar assets, our power plants and gas sourcing contracts, and storages. Our decisions impact our financial accounts for a long period, from when a hedge is made and until the power is sold. We work with designing hedging mandates, risk models and measures (VaR/PL), regulatory compliance, reporting, accounting treatment and delivering the right analysis fast when the world change. As a team, we work in a style inspired by design thinking and agile concepts. We each have an area of primary responsibility, but we like to work together, share knowledge, and learn from each other. A lot is happening in energy markets currently, so we are searching for two new colleagues.

You’ll play an important role in:

  • understanding the specific risks from our assets and contracts, while ensuring correct reporting and thorough mitigation on all their relevant risks
  • back testing and stress testing hedging frameworks for specific assets and contracts
  • engaging with portfolio managers and energy traders on risk topics
  • ensuring that our risk models, e.g., value-at-risk, remain fit for purpose
  • ensuring that we have the desired balance of the different risks we’re exposed to.

To succeed in the role, you:

  • are analytically strong
  • are used to work with and extract insights from large amounts of data
  • are an experienced user of IT tools, like SQL, VBA, Microsoft Excel, Power BI, and Python.

Join a global leader in renewable energy
Ørsted is a growing green energy major and global leader in climate action. With us you’ll play a part in driving change towards a green energy future. You’ll grow your talent in a fast-paced and high-growth industry where you have plenty of opportunities to learn and develop through challenging assignments and industry-leading experts. Here, you can perform in a friendly work environment based on trust, respect, and collaboration.

Shape the future with us
Send your application to us no later than 31 January 2023. We’ll be conducting interviews on a continuous basis and reserve the right to take down the advert when we have found the right candidate.

Please don’t hesitate to contact Brian Qvortrup, Head of Merchant Risk Continental Europe, on (Denmark +45) 99558957 if you’d like to know more about the position. If you need to request any adjustments to working practices, working patterns, or the assessment or interview process we're happy to discuss alternative arrangements.

Please note that for your application to be taken into consideration, you must submit your application via our online career pages and answer the screening questions relevant for your country.