Note: The job is a remote job and is open to candidates in USA. Nscale is building the infrastructure for the AI revolution, developing cutting-edge generative AI solutions. The Gas Risk Analyst will support natural gas market analysis, price risk quantification, and hedging strategy for the Monarch Compute Campus, partnering closely with various teams to manage commodity risk effectively.
Responsibilities
- Track Henry Hub, Appalachian basis points (Dominion South, TETCO M2, TGP Z4), and regional supply/demand fundamentals
- Produce weekly and monthly market commentary for internal stakeholders
- Maintain forward curves, basis differentials, and seasonality views supporting hedging decisions
- Build and maintain exposure reporting across physical, financial, and basis positions for Monarch
- Run VaR, stress testing, and scenario analysis on the gas book
- Model PnL impact of supply disruptions, weather events, and basis blowouts
- Support development and execution of the Monarch hedging strategy (fixed-price, basis, swaps, options) in coordination with Supply, Trading, and Finance
- Model hedge effectiveness and provide pre-trade analytics
- Track hedge accounting documentation requirements and partner with Finance on reporting
- Monitor counterparty credit exposure across physical and financial trading
- Produce daily, weekly, and monthly risk reports for senior leadership
- Support audits, control reviews, and regulatory reporting (Dodd-Frank, EMIR-equivalent)
- Maintain and improve risk reporting in ETRM and analytical systems
- Build Python / SQL / Power BI tooling to automate routine reporting and enable deeper analytics
- Continuously refine risk methodologies and assumptions
Skills
- 4+ years of experience in commodities risk, market analysis, or trading support — ideally natural gas
- Strong quantitative and analytical skills; proficient in Python, SQL, and Excel; R or Power BI a plus
- Working knowledge of ETRM systems (Allegro, Endur, ZE) and US gas market structure
- Familiarity with VaR, stress testing, and standard hedging instruments (swaps, futures, options)
- Excellent attention to detail and ability to communicate complex analyses clearly to non-technical stakeholders
- Bachelor's degree in finance, economics, engineering, mathematics, or related quantitative field
- Relevant certifications (CFA, FRM, ERP)
Benefits
- Competitive base salary with annual reviews
- Performance bonus and long-term incentive eligibility
- Comprehensive medical, dental, and vision coverage
- 401(k) retirement plan with company match
- Generous PTO plus US federal holidays
- A career-defining opportunity to be an early member of one of the fastest growing AI infrastructure companies in the world
- A human-first approach: We treat you as humans first. Our flexible workplace trusts Nscalers to deliver, giving you the autonomy needed to get the job done.
- The chance to push boundaries on cutting-edge AI infrastructure — these data centers aren't just storage for your spam emails, they're changing the industry, and the world, as we've known it.
- In addition to base salary, this role may be eligible for bonus, equity, and/or commission programs.
- Nscale may offer a competitive benefits package including medical, dental, vision, flexible paid time off, parental leave, and retirement plan participation.
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