Power Trading Lead: Data Center Energy Hedging

OpenAI; United States; Remote; USD 180,000 - 320,000; Full time

Job summary

OpenAI is seeking a Power Trading Lead to own the commodity hedging strategy across electricity, natural gas, and related energy exposures for its data center portfolio. This individual contributor role will translate large energy exposures into actionable hedging, procurement, and risk-management strategies to protect infrastructure economics while preserving growth flexibility.

The role requires a deep understanding of U.S.

Qualifications

• 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, retail supply structures, utility tariffs, congestion and basis risk, capacity, and natural gas market linkages.
• Experience designing or executing hedging strategies for large energy consumers, generators, utilities, data centers, or other power-intensive infrastructure.
• Strong analytical ability to translate complex market exposure into clear commercial, financial, and executive recommendations.
• Experience working with ISDAs, supply contracts, risk limits, approvals, and internal controls is a plus.
• Strong cross-functional communication skills and comfort operating in a fast-moving, ambiguous environment.
• Excellent judgment, documentation, and executive-summary skills.

Responsibilities

• Develop and maintain OpenAI’s commodity hedging strategy across electricity, natural gas, and related energy exposures for data center operations and growth.
• Quantify portfolio exposure by market, site, load shape, tenor, tariff, and supply structure, and translate that exposure into clear hedging recommendations.
• Evaluate and execute hedging structures including fixed-price supply, forwards, swaps, options, retail supply products, congestion and basis risk mitigation, and related instruments where appropriate.
• Partner with utilities, suppliers, traders, banks, consultants, and market counterparties to source competitive products and improve risk-adjusted energy economics.
• Build decision frameworks for when to hedge, how much to hedge, and which risks to retain across different stages of site development, construction, and operations.
• Coordinate with finance, treasury, legal, procurement, energy regulatory, sustainability, and site-readiness teams to ensure hedging strategy aligns with broader infrastructure objectives.
• Monitor wholesale power markets, gas markets, congestion, basis, capacity, ancillary services, tariff developments, and regulatory changes that could affect portfolio cost or reliability.
• Produce executive-ready analyses on commodity risk, hedge performance, downside scenarios, and recommended actions.
• Help build repeatable governance, controls, reporting, and playbooks for commodity risk management across the infrastructure portfolio.

Skills

Power trading

Energy procurement

Commodity risk management

Hedging strategy

Executive communication

Financial analysis

Job description

OpenAI is seeking a Power Trading Lead to own the commodity hedging strategy across electricity, natural gas, and related energy exposures for its data center portfolio. This individual contributor role will translate large energy exposures into actionable hedging, procurement, and risk-management strategies to protect infrastructure economics while preserving growth flexibility.

The role requires a deep understanding of U.S.