Overview
The Power Trading Lead will own commodity hedging strategy and execution across OpenAI’s data center power portfolio, translating electricity and fuel exposures into hedging, procurement, and risk-management strategies.
What you'll do
- Develop and maintain commodity hedging strategy across electricity and natural gas exposures for data center operations and growth.
- Quantify portfolio exposure by market, site, load shape, tenor, tariff, and supply structure and recommend hedging actions.
- Evaluate and execute hedging structures including fixed-price supply, forwards, swaps, options, and retail supply products.
- Coordinate with utilities, suppliers, traders, banks, consultants, and counterparties to source 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 stages.
- Monitor wholesale power and gas markets, congestion/basis/capacity/ancillary services, and regulatory changes affecting cost or reliability.
- Produce executive-ready analyses on commodity risk, hedge performance, downside scenarios, and recommended actions.
What you'll need
- 10+ years in power trading, energy procurement, commodity risk management, utility strategy, energy markets, or related roles.
- Deep understanding of U.S. wholesale power markets and retail supply structures.
- Experience designing or executing hedging strategies for large energy consumers/generators/utilities/data centers or similar.
- Strong analytical ability to convert complex exposure into commercial/financial/executive recommendations.
- Experience working with ISDAs, supply contracts, risk limits, approvals, and internal controls (plus).
- Strong cross-functional communication skills for 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.
Details
- Individual contributor lead role and does not have direct reports initially.
Read the full description and apply on the company’s own careers page.
