Core Scientific

Core Scientific

SVP, Risk Management

United States

Closing in 7 days

Who We Are

Bold. Unapologetic. Hardworking. We are building something special. We transform energy into high-value compute with superior efficiency at scale. Today, that means powering and securing the Bitcoin Network. Tomorrow, that could also include powering workloads in AI, HPC and other forms of high-value compute.

Core Scientific is one of the largest bitcoin miners and bitcoin mining hosts in North America. Our mission is to accelerate digital innovation by scaling high-value compute rapidly, efficiently and responsibly. Our proprietary software stack optimizes bitcoin mining, pushes firmware, and monitors all aspects of our operations, ensuring we and our customers generate the highest possible ROI on our hardware investment.

But what makes us different from others in our industry? We own and manage our own infrastructure. That puts us in control of our operations and gives us an advantage that translates into higher productivity and efficiency. It also gives us the ability to deploy rapidly the innovations developed by our deep tech team.

Come join us as we continue our journey and accelerate yours. We seek smart, creative, collaborative minds, who work hard and fast.

Intrigued? Then apply and be a part of something truly special at Core Scientific.

Title SVP, Risk Management

Reports To EVP, Strategy & Corporate Development

The Job

We're seeking a successful Senior Vice President of Risk Management to join our team. They will be responsible for ideating and creating strategies, controls, and measures to monitor and mitigate the risk of asset exposures. They will also oversee the structure and execution of hedge strategies covering digital currencies and power portfolios.

Responsibilities

  • Proven ability to Identify, analyze, and model financial risks of digital currencies and power portfolios.
  • Analyze portfolio positions and quantify potential budget variances and other standard risk metrics.
  • Structure prudent risk reduction measures through hedging strategies and derivative products.
  • Develop hedging recommendations and execute commodity derivative transactions.
  • Develop and implement robust risk management policies and systems.
  • Provide support to Accounting and FP&A on derivatives/settlement accounting.
  • Demonstrate thought leadership in the research and development of emerging issues and solutions impacting commodity risk management.
  • Leverage problem-solving and analytical skills to enhance and automate risk processes.
  • Foster open, respectful, and professional communication directly within the team and with co-workers/teammates and leaders across the organization.
  • Perform other duties as assigned.
  • Qualifications

  • Bachelor's in finance or economics or other related field required; Master's preferred.
  • 10 years of progressively responsible experience in risk management and front/middle (trading, marketing, trading controls) office roles.
  • Experience in structuring/trading or treasury financial risk management role.
  • Exceptional people management skills and proven ability to build a collaborative team culture.
  • Demonstrated ability to conceptualize and drive a team's strategic direction.
  • Strong technical knowledge of market risk methodologies and techniques.
  • Experience in digital asset market.
  • Experience evaluating, summarizing, and communicating complex transactions.
  • Knowledge of energy markets, including electricity, natural gas, and renewables.
  • Ability to prioritize duties, multi-task, and adapt to changing business needs.
  • Ability to work in a fast-paced environment while maintaining attention to detail.
  • Exceptional communication and interpersonal skills with the ability to interact with various stakeholders, including executive leadership.
  • Work Environment

    This job operates in a remote environment. This position frequently uses computers, tablets and smartphones.

    Physical Demands

    This position frequently sits and stands for most of the day.

    Position Type/ Expected Hours of Work

    This is a full-time position. The general hours of work are Monday through Friday, 8 a.m. to 5 p.m.; however, evenings and weekends may be required.

    Travel

    Minimal travel may be required.

    Job details

    Title

    SVP, Risk Management

    Employer

    Core Scientific

    Location

    United States

    Published

    March 31, 2024

    Application deadline

    April 30, 2024

    Job type

    Senior

    Field

    ML, AI, Data Science

    About the employer

    Core Scientific Inc. and its affiliates (“Core Scientific”) are committed to conducting international business by respecting local customs and practices while requiring its employees, agents, service providers, suppliers, and their subcontractors, to abide by applicable laws and industry standards.

    This Supplier Code of Conduct is based upon Core Scientific’s expectation that its suppliers, and subcontractors, comply with all applicable laws and regulations, maintain just and decent working conditions, share Core Scientific’s respect for the environment, and implement sound security measures.

    Suppliers shall permit Core Scientific and its agents (including third parties) to engage in assessment activities to confirm compliance with these standards, including inspections of Suppliers’ facilities, reviews of books and records, and private interviews with employees.

    If Core Scientific determines through a factory audit or otherwise that a Supplier is not meeting the requirements and expectations set forth in these Standards, Core Scientific shall offer guidance with respect to matters requiring correction or that need improvement. Core Scientific reserves the right, however, to cancel outstanding orders, suspend future orders or terminate its relationship with the Supplier, as circumstances demand.

     

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