We are looking for a Commercial Risk Analyst to join our Risk team in Madrid, working closely with the Head of Risk to ensure Sonnedix captures full market value from our renewable asset portfolio. This role sits at the heart of how the business understands and manages its exposure to energy markets, combining asset-level forecasting with our contract book to identify where the portfolio is long or short, and building the risk metrics that support hedging, commercial and investment decisions.
We are looking for a Commercial Risk Analyst to join our Risk team in Madrid, working closely with the Head of Risk to ensure Sonnedix captures full market value from our renewable asset portfolio. This role sits at the heart of how the business understands and manages its exposure to energy markets, combining asset-level forecasting with our contract book to identify where the portfolio is long or short, and building the risk metrics that support hedging, commercial and investment decisions.
You will play a key role in analysing merchant market dynamics, short- and medium‑term price movements, intraday risk, baseload profiles and pay‑as‑produced arrangements, and translating that analysis into quantitative models that stress‑test portfolio performance under different scenarios. The role also acts as an important link between Development, Energy Management, Finance and Investment teams, helping ensure commercial decisions are grounded in clear, well‑communicated risk analysis.
This is a hands‑on analytical role with real influence, adecuado for someone who enjoys working close to the data, building quantitative tools from scratch,



and applying commercial judgement in a fast‑moving, international business.
Strong understanding of electricity markets, with experience in a utility, independent power producer or energy trading company, and familiarity with merchant energy, short- and medium‑term markets, and market volatility
Demonstrable hands‑on experience using Python for quantitative analysis, with the ability to build and apply models that assess asset availability, volume uncertainty and stressed portfolio performance
Experience developing risk metrics such as cash‑flow‑at‑risk (CFaR) and value‑at‑risk (VaR), and assessing how contracts and new investments affect portfolio hedging positions and overall exposure
Proven ability to work collaboratively with Development, Energy Management, Finance and Investment teams, balancing quantitative analysis with commercial judgement and clear communication
Drives AI and digital tool adoption by sharing knowledge and identifying integration opportunities within the team (AI & Digital Literacy)
In line with EU pay transparency requirements, salary ranges will be shared with candidates in the EU before progressing to the next stage of the recruitment process, and always before interview.



Sonnedix is a global renewable energy company delivering 100% clean electricity through a diversified portfolio of solar, wind, and storage assets.
With almost two decades of sustainable growth, we are committed to Powering a Bright Future, as we continue acquiring, developing, building, and operating renewable energy projects for the long-term, delivering innovative, tailored, and fully renewable energy solutions to our customers.
A people‑first company, committed to offer flexibility, a family‑first approach, wellbeing and training support, and – above all – team connection and community!
We deploy AI across the business and future‑proof your career by investing in our people’s digital fluency.
A commitment to flexibility – hybrid working, generous annual leave allocation with an additional four weeks of discretionary unpaid leave
Summer working hours
Financial, Social, Mental & Physical wellbeing support
The Sonnedix Academy – a range of training and development opportunities including professional development, management and leadership programs, technical training, essential skills, DEI, mentorship and much more
Dedicated learning paths, tools, and resources to help every colleague confidently use AI and digital tools in their work
Fantastic office environments
Social events, team building opportunities and One Team Network groups, which are employee‑led groups, based on shared identities, interests, backgrounds and life experiences
and many more local benefits!
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📌 RISK & FINANCIAL ANALYST (Madrid)
🏢 Sonnedix Group
📍 Madrid