Portfolio Risk and Treasury Manager

Overview

This role reports directly to the CFO and sits within the Finance team. It is a solo, individual-contributor position responsible for building independent risk oversight and treasury capabilities from scratch, including liquidity and second-line risk functions.

The work is cross-functional and “load-bearing,” influencing pricing and trading through liquidity and risk decisions, as well as FP&A, cash management, and coordination with commercial and people teams. As the business grows and becomes more capital-intensive, the role ensures liquidity needs, costs, and risk maturity are visible to investors, the board, and funding partners.

Responsibilities

Second-line risk oversight

• Establish and run independent oversight and challenge of first-line risk processes across trading and portfolio activity.
• Contribute to risk appetite and the setting of notional and VaR limits.
• Monitor adherence to risk limits and act on exceptions.

Liquidity modelling

• Build and maintain short-term and long-term liquidity models, including:
  • working capital
  • collateral
  • margin calls
  • cash runway
  • credit facilities and letters of credit
• Cover generator collateral and hedging counterparty collateral.
• Model variation margin.

Working capital ownership

• Own working capital efficiency as a measured, targeted discipline.
• Work closely with Finance’s cash management team.

Cost of capital and pricing

• Develop a cost of capital framework and make it usable in pricing decisions.
• Provide pricing and commercial teams with the cost of capital impact of their decisions.
• Challenge decisions that consume liquidity without adequate return.

Liquidity risk and stress testing

• Model liquidity risk from volume and price variance on energy volumes.
• Run stress scenarios.
• Report liquidity headroom against scenarios.

Liquidity supply and funding

• Partner with the CFO to engage lenders, credit facility providers, and collateral/letter of credit providers.
• Keep liquidity provision ahead of business needs with early visibility of when new capacity is required.
• Prepare liquidity and risk materials for funding partners, investors, and the board.

Operational risk and automation

• Build an operational risk framework from the ground up, including incident reporting and management.
• Drive automation of portfolio data reconciliation, from hedge contracts and confirmations through to hedge settlement and cash reconciliation with Finance.

Reporting and stakeholder communication

• Build automated, async-first risk reporting (dashboards and written updates by default; live sync only when real-time discussion is required).
• Represent the organization with hedging and generator counterparties and with funding partners.
• Communicate risk and liquidity positions clearly to leadership.

Requirements

Must-Haves

• Risk management or treasury experience from a fintech, quant trading, or other digital-native environment; modern, tech-first risk practices rather than legacy spreadsheet-driven approaches.
• Knowledge of energy markets, energy trading, or energy risk management and portfolio balancing.
• Liquidity modelling experience, including working capital, collateral, margin dynamics, and cash forecasting across short and long horizons.
• Risk modelling experience, including VaR and stress testing, plus understanding of cost of capital and how to translate it into commercial decisions.
• Data literacy: comfortable working with portfolio and risk data and drawing conclusions from it.
• Intellectual curiosity and strong communication skills with senior stakeholders, external counterparties, and funding partners.

Preferred Qualifications

• Experience raising or managing credit facilities, letters of credit, or other trade finance.
• Experience of US electricity markets.
• Operational risk experience, or familiarity with the Ofgem regulatory environment.
• Comfort using AI tools as part of day-to-day work (no coding or SQL required).

Compensation & Benefits

• Stock options.
• 25 days holiday plus public holidays (swap public holidays for the ones that matter most to you; birthday off).
• Remote-first and flexible working, with clear core hours and no internal meetings on Friday afternoons.
• Remote setup budget: up to GBP1,200 or EUR1,400 per year.
• Wellbeing budget: up to GBP150 or EUR170 per month.

Location

Remote first (with clear core hours). The role is in the UK market context, including familiarity with Ofgem (if applicable).

Interview Process

• First call with the Talent Team.
• Behaviour interview with the Hiring Manager.
• Technical interview with the Team (90 minutes): discuss how you would model and stress liquidity, where you would set and monitor risk limits, and how you would make cost of capital usable in pricing decisions, including a practical exercise.
• Bar Raiser interview with stakeholders.

Equal Opportunity

Applications are welcome from people of all backgrounds, experiences, and identities, including those traditionally underrepresented in the tech and energy sectors. If you’re excited about the role but don’t meet every requirement, you are encouraged to apply.