Senior Principal Risk Analyst

BizTek People; Tualatin (OR); Remote; USD 90,000 - 130,000; Full time

Job summary

A leading company seeks a Senior/Principal Risk Analyst to drive energy market analysis and risk management strategies. This role emphasizes quantitative modeling, supporting trading decisions, and guiding company decisions on energy investments. Ideal candidates will have expertise in risk assessment, and communication skills and be well-versed in energy analytics.

Qualifications

• 3-4+ years of experience in the energy industry required.
• Expertise in time series analysis, econometrics, and optimization preferred.

Responsibilities

• Lead operational reports and develop new quantitative models.
• Analyze risk and provide support for trading and portfolio management.
• Design valuation and pricing models for structured products.

Skills

Quantitative analysis

Energy analytics

Risk Management Systems

Communication skills

Stochastic simulations

Education

Bachelor's or Master's degree in engineering, statistics, science, economics, or finance

Tools

Microsoft Office Suite

Production Cost Modeling

Job description

Title: Senior/Principal Risk Analyst

Duration: 12 Months

Location: Tualatin, OR – Local Preferred

Open to Remote candidates from PST or MST time zones.

Description

PGE seeks a Senior or Principal Risk Analyst with energy analytics, quantitative analysis, and fundamentals experience to analyze risk and develop actionable business intelligence for effectively navigating dynamic energy markets. This highly visible position will be at the forefront of modeling and analyzing the evolving future of the power sector and guiding the company’s approach to risks and opportunities related to energy infrastructure and market investments, with strong growth possibilities within the organization.

Responsibilities include but are not limited to:

1. Leading Power Operations Risk Management by running and analyzing operational reports. Collaborating with Power Operations to assess trading risk limits and assessments. Developing new quantitative models, validating or enhancing existing models, and assisting internal partners and staff in understanding and utilizing these models for effective risk analysis and decision-making.
2. Providing analytical support for trading, portfolio management, origination, energy market risk, credit risk, and finance; interpreting and sharing qualitative insights and feedback from commercial teams into quantifiable terms to help improve performance.
3. Independently initiating and analyzing optimization in competitive markets, stochastic simulations, and the interactions between low-marginal cost resources and traditional energy generators.
4. Identifying and implementing effective approaches to evaluate energy infrastructure benefits, costs, risks, and risk mitigation quantitatively.
5. Designing complex valuation and pricing models for structured products, including tolling agreements, PPA agreements, load-following deals, shaped products, revenue puts, exotic options (swaptions, basket options, look-back options, heat rate options, etc.), weather derivatives, and unit contingency.
6. Understanding risk metrics such as Value at Risk (VaR), Mark to Market, and Gross Margin at Risk (GMaR).
7. Proposing and implementing portfolio and asset optimization frameworks, including generation asset optimization, natural gas storage and transportation, cross-commodity hedge optimization, and FTR hedging/bidding optimization.
8. Leading quantitative research on macro industry trends, energy markets, ancillary services, capacity markets, and commercial activities using AI, machine learning, game theory, supply and demand models, probabilistic models, and option valuation tools.
9. Providing statistical analysis and quantitative tools for trading and hedging, including market data modeling and ad hoc analysis of short-term market developments.
10. Communicating modeling methodologies, analyses, and results effectively to diverse audiences, emphasizing the 'why'.
11. Providing expert witness testimony for market and regulatory proceedings when needed.
12. Making decisions within the framework of existing Risk Management Policies and Procedures.

Requirements

• Bachelor's or Master's degree in engineering, statistics, science, economics, or finance.
• 3-4+ years of experience in a similar role within the energy industry.
• Broad background in energy and quantitative risk analysis in North America, focusing on power, natural gas, and renewables.
• Experience with wholesale power and/or gas markets and quantitative energy trading is preferred.
• Expertise in techniques such as time series analysis, advanced regression, econometrics, and optimization with commercial solvers.
• Strong communication skills.
• Experience with Production Cost Modeling.
• Proficiency in Microsoft Office Suite (Word, PowerPoint, Excel).
• Ability to collaborate across different organizational units.
• Experience with Endur ETRM is a plus.

Top 3 Must-Have Skills:

1. Experience with Production Cost Modeling
2. Experience with wholesale power and/or gas markets
3. Experience with Risk Management Systems

Top 3 Nice-to-Have Skills:

1. Experience with Endur ETRM
2. Advanced Microsoft Office skills (Word, PowerPoint, Excel)
3. Ability to translate numbers into actionable plans for colleagues