Pg&E Utility Worker Jobs (NOW HIRING)

Requisition ID # 171354 

Job Category: Accounting / Finance 

Job Level: Manager/Principal

Business Unit: Gen Counsel, Ethics, Risk & Compliance

Work Type: Hybrid

Job Location: Oakland

Department Overview

The Office of the Chief Risk Officer is responsible for enabling the business to effectively manage risk in key areas of the enterprise. The Enterprise Risk and Operational Risk Management (EORM) department is charged with overseeing all risk management related to PG&E’s operations and public safety including evaluating risks associated with wildfires, nuclear, dams, natural gas, cyberattacks and natural disasters. Functions include development and oversight of governance procedures, risk modeling and analytics, regulatory strategy, and the integration of risk into operational strategy, forecasting and work prioritization. EORM has responsibility for consistent implementation and continuous improvement of its risk management program across ass aspects of the business.

Position Summary

The Principal, Risk Policy and Regulatory Strategy is a key member of the team tasked with formulating and executing risk policy, strategy, and implementation. This position requires close collaboration with quantitative analysis, internal governance, legal and regulatory teams, and external partners to develop, promote and implement, pragmatic, practical and effective risk management policies and methodologies. The Principal, Risk Policy and Regulatory Strategy, plays a key role in representing PG&E in various regulatory proceedings at the California Public Utilities Commission (CPUC) related to risk assessment and management.

This position is hybrid, working from your remote office and your assigned work location based on business needs or company requirements. The assigned work location will be within the PG&E Service Territory and will be agreed upon by the successful candidate and hiring leader.

PG&E is providing the full salary/pay range for this position. The actual amount paid to an individual will be based on multiple factors, including, but not limited to, internal equity, specific skills, education, licenses or certifications, experience, market value, and geographic location. The range to reasonably expect will be around the minimum and the midpoint. The final decision will be made on a case-by-case basis related to the factors above. This job is also eligible to participate in PG&E’s discretionary incentive compensation programs.

Bay Area Min: $140,000

Bay Area Mid: $189,000

Bay Area Max: $238,000

Job Responsibilities

• Policy and Strategy Development: Work with quantitative, legal and regulatory teams to develop robust, practical and effective risk management policies and approaches by effectively distilling complex, technical risk management topics and approaches (e.g. risk tolerance) into clear and comprehensible policies, proposals and practices. Formulate strategies that accomplish organizational objectives.

• Regulatory Engagement: Advocate for pragmatic and effective risk policies and proposals at the CPUC and other regulatory agencies. This includes support participating in CPUC proceedings by drafting formal proposals, comments and other documents and materials that effectively communicate PG&E’s positions. Lead/Co-lead PG&E’s participation in CPUC workshops related to risk management as well as joint regulatory efforts with other IOUs.

• Policy Implementation: Work with PG&E’s EORM, legal, regulatory, Functional Area and other teams to analyze, interpret and implement risk-based requirements arising from CPUC Decisions into PG&E’s investment planning and decision-making processes.

• Key Contributor to Major Regulatory Filings: The position plays a critical role in PG&E’s major regulatory filings at the CPUC, like its Risk Assessment and Mitigation Phase (RAMP) and General Rate Case (GRC) Applications. The position is a key member of the team responsible for developing and drafting risk-related testimony, presentations and other material that articulate PG&E’s risk management assessment methodologies and Internal practices, and supports PG&E’s EORM quantitative analysis team in preparing risk-related analytics like monetized risk-reduction benefits and associated benefit-cost ratios.

• Outreach and Collaboration: Partner with other California Investor-Owned Utilities (IOUs) and interested parties to develop joint positions and proposals in CPUC proceedings and initiatives. 

Qualifications

Minimum Qualifications 

• Bachelor’s degree in engineering, quantitative finance, mathematics, computer science, economics, public policy and/or related fields, or equivalent experience.

• 8 years of experience in risk analytics development and modeling,

• 2 years managing projects. 

Desired Qualifications

• Strong writing skills and ability to communicate highly technical information in an accessible manner.

• Strong presentation skills.

• Proven ability to lead cross-functional teams and manage complex regulatory processes.

• Demonstrated familiarity and experience working on CPUC or other regulatory proceedings and filings like General Rate Cases, Applications, etc.

• Excellent communication and stakeholder management skills. Desired Qualifications • Advanced knowledge of quantitative risk analysis

• Master’s or Ph.D. in a relevant quantitative field 

• Familiarity with CPUC Risk-Informed Decision-Making Framework (RDF) and associated proceedings like the Order Instituting Rulemaking to Further Develop a Risk-Based Decision-Making Framework for Electric and Gas Utilities (R.20-07-013).

• Familiarity with risk management topics like risk tolerance methodologies, catastrophic risk modeling, portfolio optimization, risk quantification and reporting, etc., coupled with the ability to develop pragmatic and comprehensive solutions and approaches.

• Ability to partner with Quantitative Analysis teams to mature the application of quantitative methods and analysis in risk-informed decision making at PG&E. • Driving thought leadership activities on regulatory strategy and risk management