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Energy Risk Analyst Jobs in California (NOW HIRING)

Calpine

Risk Analyst

San Diego, CA · On-site

$75K - $88K/yr

With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately ... be assigned) The Risk Analyst plays a critical role within Calpine Energy Solutions' risk ...

Calpine

Risk Analyst

San Diego, CA

$75K - $88K/yr

With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately ... be assigned) The Risk Analyst plays a critical role within Calpine Energy Solutions' risk ...

Calpine

Credit Risk Analyst

San Diego, CA

$70K - $88K/yr

With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately ... Key activities: * Perform credit risk analysis * Develop risk mitigating products Job ...

Calpine

Credit Risk Analyst

San Diego, CA · On-site

$70K - $88K/yr

With 79 energy facilities in operation, Calpine's fleet has the capacity to generate approximately ... Key activities: * Perform credit risk analysis * Develop risk mitigating products Job ...

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All JobsEnergy Risk Analyst JobsEnergy Risk Analyst Jobs in California

Energy Risk Analyst information

See California salary details

$15

$39

$65

How much do energy risk analyst jobs pay per hour?

As of Jun 10, 2026, the average hourly pay for energy risk analyst in California is $39.96, according to ZipRecruiter salary data. Most workers in this role earn between $29.42 and $48.65 per hour, depending on experience, location, and employer.

What is the difference between Energy Risk Analyst vs Energy Trader?

AspectEnergy Risk AnalystEnergy Trader
CredentialsBachelor's degree in finance, economics, or energy; certifications like FRM or CFA beneficialBachelor's degree in finance, economics, or energy; certifications like CFA advantageous
Work EnvironmentAnalytical, risk management teams, corporate officesFast-paced trading floors, financial institutions, energy companies
Industry UsageUsed across energy companies, utilities, and financial firms for risk assessmentPrimarily in trading firms, energy companies, and hedge funds for buying and selling energy commodities

While both roles involve understanding energy markets, the Energy Risk Analyst focuses on assessing and managing risks associated with energy investments, whereas the Energy Trader actively buys and sells energy commodities to maximize profits. The roles often overlap in skills and industry settings but differ in daily responsibilities and objectives.

What does an Energy Risk Analyst do?

An Energy Risk Analyst identifies, evaluates, and manages risks associated with the buying, selling, and trading of energy commodities such as oil, gas, and electricity. They analyze market trends, assess financial risk exposures, and develop strategies to minimize losses due to price fluctuations or regulatory changes. Their work helps energy companies make informed decisions and ensure stable operations in volatile markets. Energy Risk Analysts often use quantitative models, risk management tools, and collaborate closely with traders and management teams.

What are some common challenges faced by Energy Risk Analysts in their day-to-day work?

Energy Risk Analysts often encounter challenges such as rapidly changing market conditions, regulatory shifts, and the complexity of modeling price volatility for commodities like oil, gas, and electricity. They must stay current with global events that impact energy markets and be adept at analyzing large data sets to assess potential risks. Additionally, collaboration with traders, portfolio managers, and compliance teams is essential to ensure effective risk mitigation strategies, making strong communication skills and adaptability crucial in this dynamic environment.

What are the key skills and qualifications needed to thrive as an Energy Risk Analyst, and why are they important?

An Energy Risk Analyst requires strong analytical skills, a background in finance or economics, and familiarity with energy markets, often supported by a relevant degree. Proficiency in risk management software, financial modeling tools like Excel, and sometimes certifications such as FRM or CFA is common. Exceptional attention to detail, problem-solving abilities, and effective communication set top performers apart. These skills are vital for accurately assessing market risks, making informed recommendations, and supporting strategic decision-making in the complex energy sector.
What are popular job titles related to Energy Risk Analyst jobs in California? For Energy Risk Analyst jobs in California, the most frequently searched job titles are:
What job categories do people searching Energy Risk Analyst jobs in California look for? The top searched job categories for Energy Risk Analyst jobs in California are:
Energy Risk Analyst jobs near you
Senior Resource Specialist - Energy Risk Management

Senior Resource Specialist - Energy Risk Management

SuperbTech, Inc

Los Angeles, CA • Hybrid

$76 - $84/hr

Contractor

Posted 21 days ago

Job description

Senior Resource Specialist, Energy Risk Management

Location: Los Angeles, CA (Hybrid).
Schedule: Monday through Friday, 8:00 AM to 5:30 PM, with alternating Fridays off.
Employment Type: Contract, up to 6 months.
Pay Rate: $76.15 to $84.71/hr DOE.
We are seeking a Senior Resource Specialist with deep Energy Risk Management expertise to support a high-performing team in a fast-paced, analytical environment. This role is ideal for a seasoned energy risk professional who understands wholesale power markets, commodity pricing, quantitative modeling, and enterprise risk oversight.
This is a highly visible opportunity where you will play a critical role in helping manage financial and operational risk across a complex energy portfolio, while influencing strategic decision-making through advanced analytics, risk reporting, and market intelligence.
Key Responsibilities:
  • Lead development and implementation of Energy Trading & Risk Management (ETRM) workflows and systems.
  • Build and maintain risk management policies, controls, and exposure limits.
  • Conduct Value at Risk (VaR), Mark-to-Market (MtM), Monte Carlo simulations, and stress testing.
  • Monitor and analyze portfolio exposures across power, natural gas, and renewable energy markets.
  • Validate forward curves and pricing methodologies.
  • Develop executive-level risk dashboards and reporting tools.
  • Support middle office governance, trading compliance, settlements, reconciliation, and risk oversight.
  • Analyze basis risk, shape risk, pricing volatility, and hedging effectiveness.
  • Lead or participate in Risk Oversight Committee meetings.
  • Identify opportunities to improve efficiency through automation, analytics, and emerging technologies.

Required Qualifications:
  • 10+ years of energy industry experience in Energy Risk Management.
  • Strong knowledge of wholesale energy markets, including power, natural gas, and renewables.
  • Experience with ETRM systems, trade lifecycle management, settlements, and pricing curves.
  • Advanced experience with quantitative risk modeling, VaR, MtM, and stress testing.
  • Experience supporting risk governance and trading compliance frameworks.
  • Strong analytical, reporting, and executive presentation skills.

Education:
  • Bachelor’s degree in a related field required.
  • Master’s or Ph.D. strongly preferred in a quantitative discipline such as:
    • Mathematics
    • Quantitative Finance
    • Economics
    • Statistics
    • Data Science

Ideal Background:
We are looking for someone who is:
  • Highly analytical and detail-oriented.
  • Comfortable operating in a fast-moving, high-pressure environment.
  • A collaborative team player with executive presence.
  • Experienced in energy commodities, pricing models, and risk frameworks.
  • Able to bridge technical analysis with strategic business decision-making.

Additional Requirements:
  • Southern California local candidates preferred.
  • Must be authorized to work in the U.S.
  • No sponsorship available.

If you have a strong background in energy markets, quantitative modeling, and risk oversight, this is a unique opportunity to step into a strategic role where your expertise will directly impact portfolio performance and enterprise risk management.