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Portland General Electric Senior/Principal Risk Analyst in Tualatin, Oregon

At PGE, our work involves dreaming about, planning for, and realizing a smarter, cleaner, more enduring Oregon neighborhood. Its core to our DNA and we haven’t stopped since we started in 1888. We energize lives, strengthen communities and drive advancements in energy that promote social, economic and environmental progress. We’re always on the lookout for people passionate about leading and being a part of teams that are advancing innovative clean energy solutions that are also affordable and accessible to all.

POSITION PURPOSE

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.

ESSENTIAL JOB RESPONSIBILITIES (functions with percent of time spent performing function)

The energy sector is undergoing rapid and complex transformation, shaped by regulatory, policy, economic, technology, social and climate forces. In this role, you will help senior leadership and key business partners to understand, quantify and act upon uncertainty in an increasingly complex and data driven business landscape.

Responsibilities include but are not limited to:

  • Leading Power Operations Risk Management running and analyzing operational report. Work with Power Operation on assessing trading risk limits and assessments. development of new quantitative models, validating and/or enhancing existing models, and assisting internal partners and staff in understanding and using the models for effective risk analysis and decision making.

  • Providing analytical for trading, portfolio management, origination, energy market risk, credit risk and finance; interpreting and sharing qualitative insights and feedback from commercial teams into quantifiable terms to help improve performance.

  • Independently initiating and analyzing surrounding optimization in competitive markets, stochastic simulations, and the interplay between zero- or low-marginal cost resources and traditional energy generators.

  • Identifying and implementing effective approaches to quantitatively evaluate energy infrastructure benefits and costs, as well as risks and risk mitigation.

  • Design complex valuation and price models for structured products including tolling agreements, PPA agreements, full requirements/load-following deals, shaped products, revenue puts, exotic options (swaptions, basket options, look-back options, heat rate options, etc.), weather derivatives, unit contingency, etc.

  • Understand risk metrics models such as Value at Risk (VaR), Mark to Market, Gross Margin at Risk (GMaR).

  • Proposing and implementing portfolio and asset optimization frameworks. Will build bespoke frameworks for exploring, designing, and deploying systematic portfolio strategies, including generation asset optimization, natural gas storage and transportation optimization, cross-commodity hedge optimization (optimal hedge ratio) and FTR hedging/bidding optimization.

  • Leading quantitative research and modeling tasks related to macro industry trends, energy markets, ancillary services, capacity markets and commercial activities using tools such as artificial intelligence, machine learning, game theory, supply and demand and price simulation models, probabilistic models, option valuation tools, and portfolio characteristic desk tools.

  • Provide statistical analysis and quantitative tools for trading and hedging purposes, including model commodity data for specific markets and produce ad hoc analysis based on short-term market developments.

  • Communicating effectively and influentially to diverse audiences about modeling methodologies, analyses and results in business practical terms that include a focus on the “why.”

  • When needed, providing expert witness testimony for market and regulatory proceedings.

  • Make decision using the existing Risk Management Policy and Procedure framework.

Candidate Attributes

To achieve success, the person in this role must bring a combination of expert technical skills and market awareness, strong competence in communication and influence and the ability to quickly establish trust and credibility by understanding the firm’s current risk posture and providing compelling intelligence to drive critical decisions. Measures of success in this position include achievement of strategic business outcomes, development of creative and sustainable analytical models, identification of risks and risk mitigation plans, demonstration of sound decision making, and effective communication of actionable analyses to key stakeholders.

Strong candidates will:

  • Have a broad background in energy and quantitative risk analysis in North America with a focus on power, natural gas, and renewables.

  • BS or MS in Quantitative discipline (engineering, statistics, science discipline, economics, quantitative finance).

  • Bring five or more years of experience in a quantitative role within the energy industry or directly related academic setting with application in the energy industry. Experience with wholesale power and/or commodities markets and quantitative energy trading experience is preferred.

  • Have developed expertise in at least one of the following techniques: time series analysis and Monte Carlo simulation, advanced regression and econometric techniques, advanced optimization techniques leveraging commercial solvers.

  • Have a demonstrated track record of success building quantitative models in R or Python. Bring advanced proficiency in one or more of the following programing languages and experience with object-oriented programming and cloud-based computing services (Python, R or other scripting languages).

  • Experience with Production Cost Modeling

  • Advanced Microsoft Office Suite skills (Word, PowerPoint, Excel).

  • Experience with Endur ETRM is a plus.

General Competencies

  • Intermediate business acumen

  • Intermediate problem-solving skills

  • Advanced written and oral communication skills

  • Intermediate analytical thinking skills

  • Intermediate organization and prioritization skills

Physical and Cognitive Demands

Cognitive Level

Intermediate: Consistent use of relevant principles to solve practical problems and to deal with a variety of concrete variables in situations where only limited standardization exists.

Cognitive

  • Ability to adhere to set response times, deadlines and time-sensitive tasks

  • Ability to follow accuracy standards

  • Ability to follow through on decision-making tasks

  • Ability to interact effectively and collaboratively within a team environment

  • Ability to communicate and problem solve when under stress

  • Ability to respond and adapt to frequent change

  • Ability to accept and demonstrate self-awareness when provided constructive feedback

  • Ability to discern feedback and acknowledge ownership of areas of improvement

  • Ability to avoid future mistakes by applying reasonable skills to new but similar work situations or tasks

  • Ability to successfully collaborate with peers, managers and others within the organization Demonstrates sound memory

  • Ability to process new information to be applied consistently to work tasks

Schedule/Attendance

  • Ability to adhere to pre-established schedule, including start/stop time and break/lunch schedule

  • Ability to work long hours

  • Ability to work a variable schedule

  • Ability to report to work and perform work during periods of severe inclement weather

  • Ability to consistently meet attendance standards for regular, reliable, predictable, full-time attendance

  • Ability to work shift schedule

  • Ability to work on-call schedule

Physical Capabilities

  • Driving/travel/commute: Daily within service territory - Frequently (at least once a week or more)

  • Computer use (use computer regularly for entire work shift)

Environment - Indoor

  • Office

Compensation Range:

$87,225.00 - $173,875.00

In addition, this position is eligible for a performance-based incentive bonus. Actual total compensation is commensurate with experience, skills, and education

PGE believes in rewarding dedicated performance. We provide a total rewards package that is designed to reward your contributions to the company, and, at the same time, support your well-being and professional development, both now and into the future. To find out more, click here (https://portlandgeneral.com/hrcs5511) .

Join us today and power your potential!

Assisting with storms or other Company emergencies is a part of all positions at Portland General Electric.

PGE is committed to diversity and inclusion in the workplace and is an equal opportunity employer. PGE will not discriminate against any employee or applicant for employment based on race, color, national origin, gender, gender identity, sexual orientation, age, religion, disability, protected veteran status, or other characteristics protected by law.

PGE does not discriminate on the basis of disability. We recognize individuals have a variety of abilities to offer and we believe there is much to value and celebrate by incorporating different abilities into the work we do. One very important way we live this out is in our application and interview process. We work hard to support individuals who may need an accommodation to fully participate in these processes. If you feel you may need an accommodation, or would like to request one, please notify the Talent Acquisition Specialist (Recruiter) associated with the job posting. You may also make this request by contacting talentacquisition@pgn.com or by calling 503-464-7250. The Recruiter will provide information and next steps for the accommodation process. Our Diversity, Equity & Inclusion (DEI) team is also available for support. You can contact them at dei@pgn.com .

To be considered for this position, please complete the following employment application by the posting close date. Posting closes at midnight (Pacific Time) on the closing date below. If no date is listed, job is open until filled.

At Portland General Electric, we’re innovators, builders, and achievers. We’re committed to powering our customers’ potential and making a difference for our community and the planet. Today, that commitment includes developing an intelligent and resilient electric grid, electrifying transportation and de-carbonizing the energy sector.

We’re proud to deliver an exceptional experience to help our customers thrive. Our mission is to make clean, reliable and affordable energy services available to all. We obsess over serving customers and are committed to growing employee career paths with purpose. Equity and inclusion are core business values; we celebrate our differences and are committed to developing teams that reflect the communities we serve.

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