Principal Risk & Compliance Quantitative and Modeling Analyst - Location Flexible in Alameda
Energy Jobline ZR
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Job summary
PG&E is seeking a Manager/Principal to lead the Electric Risk & Compliance analytics team within the Strategy & Growth unit. This hybrid role requires residence within PG&E’s service territory with 2–3 days in the office.
The position focuses on risk metrics, hedging frameworks, and reporting, aligning with CPUC, NERC, and CAISO requirements while driving data-driven decisions across cross-functional teams.
Qualifications
- Bachelor’s Degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics or equivalent experience.
- 8 years of experience in risk analytics development and modeling.
- 2 years managing projects.
Responsibilities
- Lead development of risk metrics and stress scenarios.
- Lead development of framework for implementing tools and processes to improve quality and timeliness of risk reports.
- Lead design of analytical and diagnostic tools to ensure accuracy and timely computation of risk metrics and facilitate analyses of portfolios.
- Lead assessment of the effectiveness of hedging strategies and programs.
- Develops and leads data-driven business cases for risk mitigation and compliance considerations.
Education
Job description
Job Description
Requisition ID# 172735
The Electric Risk & Compliance organization provides governance, oversight, and strategic direction on risk and compliance matters across Electric Operations, ensuring alignment with enterprise policies and external/internal regulatory requirements. It partners cross-functionally to manage compliance requirements, strengthen controls, and enable risk-based oversight through effective monitoring, data, and reporting. The Compliance Insights team provides strategic, comprehensive data analysis, reporting, and data-driven insights that support Electric compliance, investigations, and risk management.
The selected candidate must live within PG&E’s service territory, and will be expected to work in the office 2-3 times a week.
PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job. The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity. Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.
Minimum Base Salary (Bay Area) $140,000.00
Mid Base Salary (Bay Area) $189,000.00
Maximum Base Salary (Bay Area) $238,000.00
Minimum Base Salary (California) $133,000.00
Mid Base Salary (California) $180,000.00
Maximum Base Salary (California) $226,000.00
- Lead development of risk metrics and stress scenarios
- Lead development of commodity prices, derivatives and transactions as needed to analyze and quantify risks.
- Lead development of framework for implementing tools and processes to improve quality and timeliness of risk reports.
- Lead design of analytical and diagnostic tools to ensure accuracy and timely computation of risk metrics and facilitate analyses of portfolios.
- Lead assessment of the effectiveness of hedging strategies and programs.
- Lead development and enhancement of quantitative models to support forecasting, valuation, and portfolio risk assessment.
- Provide analytical support and quantitative risk assessments to inform business decisions and address emerging issues.
- Lead development of risk-informed compliance frameworks to align analytical insights with regulatory requirements and support effective governance and oversight.
- Lead horizon scanning activities to identify emerging risks, market developments, and regulatory changes that may affect portfolio strategy and risk exposure.
- Develops and leads compelling data-driven business cases for or against specific courses of action and potential risk mitigation alternatives as appropriate; provides strategic direction regarding areas of NERC compliance in common with CPUC, OEIS, and CAISO.
- Leads annual gap analysis; identifies gaps between compliance requirements and guidance documentation.
- Develops, monitors, analyzes, and reports on business KPIs and indicators, that may affect the Company’s ability to meet its goals.
- Bachelor’s Degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics or equivalent experience
- 8 years of experience in risk analytics development and modeling
- 2 years managing projects
- Master’s degree or equivalent experience
- Electrical engineer with experience in the utility industry to support technical interpretations and implementation of new compliance requirements.
- Proven risk control and system design skills
- Proven project management skills.
- Demonstrated ability to abstract or synthesize from one set of ideas or facts to another, identify causal relationships, and anticipate obstacles.
- Communicates with peers, subordinates, leadership, and stakeholders, using a variety of media and conveying information or conclusions in a clear, direct manner.
- Ability to maneuver through complex organizational situations effectively and without disruption.
- Understands and can communicate the company's overall goals and strategies.
- Ability to analyze complex problems and make decisions despite incomplete information and limited time.
- Highly advanced analytical, program management, and communications skills
- Ability to manipulate data and draw conclusions / make recommendations
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