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OpenAI's Power & Land team is seeking a Power Trading Lead to own commodity hedging strategy and execution across the company's global data center power portfolio. This senior individual contributor role (no direct reports initially) will translate 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 include developing and maintaining OpenAI's commodity hedging strategy across electricity, natural gas, and related energy exposures; quantifying portfolio exposure by market, site, load shape, tenor, tariff, and supply structure; evaluating and executing hedging structures including fixed-price supply, forwards, swaps, options, and retail supply products; and partnering with utilities, suppliers, traders, banks, and market counterparties to source competitive products.
You will 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. The role coordinates with finance, treasury, legal, procurement, energy regulatory, sustainability, and site-readiness teams to ensure hedging strategy aligns with broader infrastructure objectives.
Responsibilities also include monitoring wholesale power markets, gas markets, congestion, basis, capacity, ancillary services, tariff developments, and regulatory changes; producing executive-ready analyses on commodity risk, hedge performance, and downside scenarios; and helping build repeatable governance, controls, reporting, and playbooks for commodity risk management.
Required 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 power-intensive infrastructure. Strong analytical ability, cross-functional communication skills, and comfort operating in fast-moving, ambiguous environments. Experience with ISDAs, supply contracts, risk limits, and internal controls is a plus.
