Senior Principal Risk Management Analyst
About The Position
Under broad direction, the Senior Principal Risk Management Analyst works with stakeholders across multiple functions to establish a risk-based modeling approach for enterprise top risks using Xcel Energy’s risk framework and criteria. The role collects internal and external risk and contextual information, conducts probabilistic modeling of hazard-based risks and uncertainties in operations, planning, modeling, and decision-making, and engages stakeholders to align on scope, inputs, assumptions, results, and recommendations. The analyst develops models, metrics, and methodologies to quantify risk and incorporate risk metrics into strategic and operational decisions. The role conducts quantitative studies of business assumptions, analyzes hazard-based risks and uncertainty, uses historical trends to estimate future risk, coordinates data requirements for benchmarking and enterprise risk assessment, and communicates findings to guide decisions, resource allocation, mitigation effectiveness assessments, and risk monitoring.
Requirements
- Bachelor's degree in computer science, statistics, finance, mathematics, energy economics, or equivalent.
- At least 7 years of work experience in risk modeling or a related field, such as actuarial science, risk management, economics, or energy systems.
- Knowledge of utility business operations, maintenance, engineering, and systems.
- Ability to develop and analyze predictive models, forecasts, and simulations.
- Advanced knowledge of statistics, econometrics, and risk modeling.
- Demonstrated analytical and financial analysis capabilities.
- Advanced proficiency in current programming and statistical software for data analysis, statistical modeling, and simulation.
- Experience with large data repository systems for large-scale data processing, data pipelines, and analytics.
- Advanced use of AI tools and techniques, including generative AI, to accelerate data collection, analysis, modeling, and reporting.
Nice To Haves
- Advanced degree.
Responsibilities
- Develop models and metrics to quantify risk using economic, probability, and engineering principles, and evaluate strategic options for managing risk and uncertainty.
- Develop methodologies for incorporating risk metrics into strategic and operational decisions.
- Design and perform quantitative studies of business assumptions; use tools, existing studies, business-area systems, and data to analyze hazard-based risks, uncertainties in assumptions, and uncertainties in achieving business objectives.
- Use trends and analysis to extrapolate historical data to current and future levels of uncertainty and risk.
- Define and coordinate existing and future data requirements for industry risk benchmarking and enterprise risk assessment and management.
- Communicate risk management processes, results, and recommendations to support decision-making, resource allocation, evaluation of mitigation program effectiveness, and monitoring of risk trends.
- Engage stakeholders to align on analysis scope, inputs, assumptions, results, and recommendations.
Benefits
- Annual Incentive Program
- Medical/Pharmacy Plan
- Dental
- Vision
- Life Insurance
- Dependent Care Flexible Spending Account
- Health Care Flexible Spending Account
- Health Savings Account (if enrolled in an eligible health plan)
- Limited-Purpose FSA (if enrolled in an eligible health plan and HSA)
- Transportation Reimbursement Account
- Short-term disability
- Long-term disability
- Employee Assistance Program
- Fitness Center Reimbursement (if enrolled in an eligible health plan)
- Tuition reimbursement
- Transit programs
- Employee recognition program
- Pension
- 401(k) plan
- Paid time off
- Holidays
- Volunteer Paid Time Off
- Parental Leave
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
