Principal Risk & Compliance Quantitative and Modeling Analyst - Location Flexible
About The Position
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.
Requirements
- 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
Nice To Haves
- 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
Responsibilities
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
