Senior Risk Manager

Imagine a future where your analytical curiosity, quantitative skills, and structured approach help build a best-in-class 2nd line risk function at one of the largest renewable energy companies in the world

Join us in this role where you will design and implement a new risk management framework to steer risk taking, deliver high-quality analytics, ensure accurate and transparent risk representation, and follow through on the execution of agreed deliveries. 

Welcome to the Group Revenue Risk 
You’ll be part of the Oversight & Advisory team within Group Revenue Risk. Together with your colleagues, you will help safeguard Ørsted’s financial exposure to fluctuations in energy prices and production volumes across our operating assets (wind farms, solar PV, and power plants) and trading activities. We are building a best-in-class 2nd line of defense function, setting the standard for a strong risk culture, making sure all material risks are identified, measured, limited and monitored – and you will be a key driver of this journey. 

To effectively support and challenge 1st line risk owners, we need to understand the underlying risks and how each 1st line manages these. This includes understanding trading and hedging strategies, price and volume dynamics, non-linear payoff structures and embedded optionality in our assets and contracts and assessing the impact against Ørsted’s key financial metrics. We quantify risk rigorously and translate analyses into clear, action-oriented recommendations for decision-making. 

You’ll play an important role in: 

• designing and maintaining the 2nd line risk framework with risk appetite statement and risk limit hierarchy across material revenue risks 
• building and validating asset/portfolio risk models and delivering concise, decision-ready reporting. 
• reviewing methodologies for risk measures like Revenue at Risk, Value at Risk, and firm-wide scenario stress testing, including independently deep-diving into model assumptions and sensitivities. 
• providing guidance to 1st line risk owners – spotting potential shortcomings in assumptions, models, data and hedging strategies 
• contributing to a high-performance, supportive, and inclusive team culture. 

To succeed in the role, you: 

• hold an advanced quantitative degree (Master’s or PhD) in economics, mathematics, statistics, physics, or quantitative finance 
• bring experience from energy or financial markets; experience in asset portfolio management is a strong advantage, including an understanding of how portfolio construction and trading/hedging decisions shape the overall risk profile 
• have experience with VaR, ES/CVaR, stress/scenario testing, and portfolio risk decomposition, with demonstrated ability to deep-dive into complex payoff structures and understanding tail risks 
• are familiar with model governance and validation best practices. 
• communicate clearly to diverse stakeholders; translate analytics into actions; constructively influence and guide 1st line decisions 
• thrive in a collaborative, international environment with a strong performance culture, while operating as a self-starter who takes ownership and ensures timely delivery. 

Maybe you’ve read the above and can see you have some transferable skills, even though they don’t quite match all the points. If you think you can bring something to the team, we still encourage you to apply. 

Shape the future with us 
Send your application to us as soon as possible. We’ll be conducting interviews on a continuous basis and reserve the right to take down the advert when we’ve found the right candidate. 

As an applicant or employee, you may request reasonable work and position accommodation or adjustments via accommodation@orsted.com. 

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. We don't take applications or inquiries from external recruiters or agencies into account for this position.