Description
Compensation
The base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The salary range for this role is $181K - $285K per year, with additional compensation including generous equity, performance-related bonuses, and benefits.
Benefits include:
- Medical, dental, and vision insurance for you and your family, with employer contributions to Health Savings Accounts
- Pre-tax accounts for Health FSA, Dependent Care FSA, and commuter expenses
- 401(k) retirement plan with employer match
- Paid parental leave and paid medical and caregiver leave
- Paid time off and flexible PTO
- Multiple paid company holidays and coordinated office closures
- Mental health and wellness support
- Employer-paid basic life and disability coverage
- Annual learning and development stipend
- Daily meals in offices and meal delivery credits
- Relocation support for eligible employees
About the Team
OpenAI's Power & Land team owns the energy strategy required to secure reliable, scalable, and economically resilient power for OpenAI's global data center portfolio.
About the Role
The Power Trading Lead will own commodity hedging strategy and execution across OpenAI's data center power portfolio. This role involves translating large, dynamic electricity and fuel exposures into practical hedging, procurement, and risk-management strategies that protect infrastructure economics while preserving flexibility for growth.
Key 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, and related instruments.
- 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.
- 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.
- 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.
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.