MARKET RISK ANALYST

3Degrees, Inc.; San Francisco (CA); Hybrid; USD 100,000 - 115,000; Full time

Job summary

Join a forward-thinking B Corp dedicated to climate action as a Market Risk Analyst. In this dynamic role, you'll leverage your analytical skills to enhance risk management for environmental commodities. Collaborate with trading and operations teams to develop and maintain quantitative tools, ensuring accurate risk exposure and modeling. This position offers a flexible hybrid work environment, allowing you to thrive while contributing to sustainable solutions. If you're passionate about financial modeling and eager to tackle challenges in emerging markets, this opportunity is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k

Flexible Paid Time Off

Qualifications

• 2+ years of experience or a graduate degree in a quantitative field.
• Strong foundation in market risk and financial modeling.
• Experience with data visualization tools preferred.

Responsibilities

• Enhance and build quantitative tools for risk measurement.
• Collaborate with trading teams to ensure accurate risk metrics.
• Maintain risk models for environmental commodities.

Skills

Quantitative Analysis

Risk Management

Financial Modeling

Data Analysis

Communication Skills

Education

Master's degree in Finance

Graduate degree in Economics

Graduate degree in Mathematics

Tools

R

Python

SQL

Excel VBA

Tableau

Job description

Every day, we work together for what matters – bold, swift, and equitable climate action.

ABOUT THE ROLE

At 3Degrees, a leading B Corp in the environmental commodities market, were on a mission to empower organizations to achieve a sustainable future. To support our growth, we are seeking a Market Risk Analyst who is looking to bring their analytical and quantitative skills to help our company implement a world-class risk management infrastructure. If you are passionate about assessing and identifying risks that could impede the reputation, financial success and security of an organization, then this is an opportunity for you to join a developing risk management team, within a growing B Corp.

This is a full time, exempt role reporting to the Head of Risk. We value camaraderie and the benefits of in-person connection. We prefer candidates to join us in a voluntary flexible hybrid work style at one of our office hubs in San Francisco, CA; Portland, OR; Portland, ME; or New York, NY. This voluntary model provides flexibility while fostering team collaboration. Exceptional remote candidates within the US will also be considered. Periodic travel may be required for training or team collaboration and to conferences and customers as required. Frequency and cadence is team dependent, but on average is 1-6 times annually.

Please Note : 3Degrees does not provide sponsorship and / or relocation assistance; therefore, pre-existing right-to-work status is a prerequisite to be considered for this position.

WHAT YOU’LL DO

As a Market Risk Analyst, youll enhance and build quantitative tools that help measure and monitor risk across our global environmental commodities portfolios. Youll work closely with trading and operations teams to ensure risk exposure is accurately captured and modeled, while also helping to expand our capabilities as we enter new and complex markets. This is a hands-on, technical role ideal for someone who thrives in dynamic, data-driven environments.

Key responsibilities include the following :

Support market & liquidity risk oversight of environmental commodities across North America (RECs), Europe (GOs), APAC (IRECs), transportation markets (e.g., LCFS, CCAs) and others (e.g. RNGs, RTCs)

Maintain and enhance risk models and tools to measure market exposure and price risk, including building curve marking and PnL reporting processes

Provide independent validation of trader marks and contribute to robust model governance

Adapt existing models and develop new ones to reflect the unique characteristics of illiquid and emerging environmental markets

Collaborate closely with trading and trade operations teams to ensure risk metrics accurately reflect portfolio positions

Use R, Python, or Excel VBA to build and maintain models; R is preferred but not required on day one

Leverage SQL and Tableau (or similar tools) to build a data infrastructure that supports company-wide risk visibility

Contribute to cash flow forecasting and working capital modeling

Serve as a key partner to the trading desk, participating in daily discussions and evolving portfolio strategies

Assist in other risk department initiatives

ABOUT YOU

You’re a highly analytical professional with a strong foundation in market risk, financial modeling, and coding, eager to apply your skills in a mission-driven organization. You enjoy working both independently and collaboratively, and you’re excited to tackle the modeling challenges that come with emerging and illiquid markets. You bring intellectual curiosity, adaptability, and a commitment to building high-quality tools that support strategic decision-making. For this role, we believe an individual with the following qualifications will have a great opportunity to be successful :

2 + years of professional experience or graduate degree

Masters degree in Finance, Economics, Mathematics, or a related quantitative field is required

Possess strong quantitative, technical and data analysis skills

Has strong knowledge of finance and risk management fundamentals

Coding experience in R or Python, SQL and Excel VBA

Excellent verbal and written communication skills

Must be self-motivated with excellent time management and prioritization skills

Strong computer and spreadsheet modeling skills

Experience with data visualization tools like Tableau is preferred

Familiarity in renewable energy trading markets is preferred

Professional certifications like FRM, PRM, CFA is a plus

HOW WE DEFINE SUCCESS

Within 30 days,

Gain foundational knowledge of 3Degrees’ environmental commodities portfolio and the unique characteristics of our traded markets

Learn and begin operating existing risk models and curve marking processes with supervision

Establish working relationships with key stakeholders across risk, trading, and trade operations

Within 90 days,

Independently manage daily risk reports, including exposure and PnL tracking, with minimal oversight

Modify and improve existing risk models and tools based on market conditions and feedback

Understand key data pipelines and reporting structures to ensure accuracy and alignment across systems

Within 6 months,

Lead development of new risk models or tools, collaborating with the Head of Risk and other stakeholders

Present clear, data-driven insights on risk drivers and portfolio trends to trading and finance teams

Expand reporting to include new environmental markets or products as the portfolio evolves

Within 1 year,

Operate as a trusted, independent contributor on the risk team and a strategic partner to the trading desk

Continuously improve and maintain risk infrastructure, ensuring it scales with the company’s market expansion

Contribute to cross-functional initiatives and help define best practices in risk modeling, valuation, and exposure reporting

COMPENSATION & BENEFITS

Compensation : The minimum and maximum salary for this position is $100,000 to $115,000 in the US. Base pay is dependent upon many factors such as location, transferable or job-related skills, work experience, relevant training, business needs, and market demands

Benefits : This position is eligible for a benefits package that includes medical, dental, vision, 401k, flexible paid time off, and more. Additional information regarding the benefits available for this position can be found here

Supplemental Pay : This position may be eligible to participate in discretionary bonus programs based on personal, department and company goals

• This compensation and benefits information is based on 3Degrees good faith estimate as of the date of publication and may be modified in the future

OUR COMMITMENT TO DIVERSITY, INCLUSION AND EQUITY

3Degrees is an equal opportunity employer. We promote, value, and thrive with a diverse and inclusive team. Different perspectives contribute to better solutions and this makes us stronger every day. We are proud to welcome all people of race, color, religion, national origin, gender identity, age, sex, marital status, ancestry, disability, veteran status, sexual orientation or any other category protected by law.

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Market Risk Analyst • San Francisco, CA, United States