Job DescriptionTitle: Senior/Principal Risk Analyst
Duration: 12 Months
Location: Tualatin, OR - Local Preffered
Open to Remote caniddate 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 modelling 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:
- Leading Power Operations RiskManagement running and analyzing operational report. Work with PowerOperation on assessing trading risk limits and assessments. development ofnew quantitative models, validating and/or enhancing existing models, andassisting internal partners and staff in understanding and using themodels for effective risk analysis and decision making.
- Providing analytical fortrading, portfolio management, origination, energy market risk, creditrisk and finance; interpreting and sharing qualitative insights andfeedback from commercial teams into quantifiable terms to help improveperformance.
- Independently initiating andanalyzing surrounding optimization in competitive markets, stochasticsimulations, and the interplay between zero- or low-marginal costresources and traditional energy generators.
- Identifying and implementingeffective approaches to quantitatively evaluate energy infrastructurebenefits and costs, as well as risks and risk mitigation.
- Design complex valuation andprice models for structured products including tolling agreements, PPAagreements, full requirements/load-following deals, shaped products,revenue puts, exotic options (swaptions, basket options, look-backoptions, heat rate options, etc.), weather derivatives, unit contingency,etc.
- Understand risk metricsmodels such as Value at Risk (VaR), Mark to Market, Gross Margin at Risk(GMaR).
- Proposing and implementingportfolio and asset optimization frameworks. Will build bespoke frameworksfor exploring, designing, and deploying systematic portfolio strategies,including generation asset optimization, natural gas storage andtransportation optimization, cross-commodity hedge optimization (optimalhedge ratio) and FTR hedging/bidding optimization.
- Leading quantitative researchand modeling tasks related to macro industry trends, energy markets,ancillary services, capacity markets and commercial activities using toolssuch as artificial intelligence, machine learning, game theory, supply anddemand and price simulation models, probabilistic models, option valuationtools, and portfolio characteristic desk tools.
- Provide statistical analysisand quantitative tools for trading and hedging purposes, including modelcommodity data for specific markets and produce ad hoc analysis based onshort-term market developments.
- Communicating effectively andinfluentially to diverse audiences about modeling methodologies, analysesand results in business practical terms that include a focus on the "why."
- When needed, providing expertwitness testimony for market and regulatory proceedings.
- Make decision using theexisting Risk Management Policy and Procedure framework.
RequirementsRequirements
- BS or MS discipline(engineering, statistics, science discipline, economics).
- How many years of experienceare you looking for?: 3 - 4 + years in a similar role within the energyindustry
- Have a broad background inenergy and quantitative risk analysis in North America with a focus onpower, natural gas, and renewables.
- BS or MS - discipline(engineering, statistics, science discipline, economics, and finance).
- Bring 3 - 4 or more years ofexperience in a quantitative role within the energy industry or directlyrelated academic setting with application in the energy industry.Experience with wholesale power and/or gas markets and quantitative energytrading experience is preferred.
- Have developed expertise inat least one of the following techniques: time series analysis, advancedregression and econometric techniques, advanced optimization techniquesleveraging commercial solvers.
- Strong competence incommunication
- Experience with ProductionCost Modeling
- Advanced Microsoft OfficeSuite skills (Word, PowerPoint, Excel).
- Ability to communicate andwork with different organizations outside of risk management.
- Experience with Endur ETRM isa plus.
Top 3 Must-Haves (Hard and/or Soft Skills):
1. Experience with Production Cost Modeling
2. Experience with wholesale power and/or gas markets
3. Experience with Risk Management System
Top 3 Nice-To-Haves (Hard and/or Soft Skills)
1. Experience with Endur ETRM
2. Advanced Microsoft Office Suite skills (Word, PowerPoint, Excel
3. Experience to translate numbers to actionable plan for coworkers