Senior Quantitative Risk Analyst

Puget Sound Energy is looking to grow our community with top talented individuals like you!  With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

 

PSE's Energy Supply Merchant team is looking for qualified candidates to fill an open Senior Quantitative Risk Analyst position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Responsible for analyzing energy market structures, rules, and mechanisms while managing the implementation of market design initiatives and related projects. This role combines expertise in energy markets, economics, analytical skills, and project management to support the development, implementation, and optimization of market design solutions. results. Collaborates with internal and external stakeholders to evaluate and continuously improve asset optimization, risk measurement, and resource planning capabilities. Provides theoretical and quantitative guidance for evaluation of structured transactions, new asset acquisitions, and integration of renewable resources. Utilizes knowledge of PSE’s resource portfolio, regional energy supply and demand fundamentals, commodity market dynamics, and modeling best practices to mentor analysts and inform the company’s energy supply and risk management  strategies.

 

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

 

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct.  Ensures duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities

• Maintain and improve quantitative models for forecasting and optimization of natural gas and electric resources, portfolio management, and energy trading activities. 
• Monitor and analyze market trends, pricing patterns, and participant behavior
• Analyze wholesale electricity market designs, pricing mechanisms, and trading rules
• Assess the impact of new technologies and policies on market operations
• Prepare detailed analysis and recommendations for market design modifications
• Collaborate with stakeholders to develop market rules and procedures
• Lead cross-functional teams in implementing market design changes
• Manage stakeholder engagement throughout implementation process
• Maintain up-to-date knowledge of the region’s energy supply resources and operations and understand the impact of external factors on energy availability and commodity prices. 
• Support WUTC rate case filings by preparing testimony and responding to (and initiating) data requests from external stakeholders. 
• Support regulatory filings and market design proposals
• Communicate the impact of new and potential transactions and asset acquisitions on the risk profile of the energy portfolio. 
• Develop and maintain model documentation consistent with policies governing control over model inputs and outputs, data integrity, quality, and security. 
• Perform ad hoc analysis and other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in a relevant field. (Finance, Economics, Statistics, Engineering, or similar)
• Minimum 4 years work experience, preferably as a quantitative analyst in the energy industry
• Proficiency with quantitative methods and concepts including regression analysis, Monte Carlo simulations, scenario analysis,  and stress testing
• Experience with financial analysis and familiarity with accounting principles
• Advanced skills in MS Office, especially Excel, including proficiency in writing macros and queries
• Excellent communication, writing, and presentation skills
• Self-starter with the ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment

Desired Qualifications

• Master's Degree in a quantitative field
• 8+ years of energy industry experience, preferably in an analyst role
• Hands on experience building and operating quantitative models
• Programming experience in Python, R, SQL, MATLAB, or similar
• Experience with production cost modeling software such as Plexos, Aurora, GenTrader, PROMOD
• Knowledge of portfolio risk management principles
• Experience in western gas and power markets
• Familiarity with regulated utility rate cases and state regulatory agencies/public utility commissions
• Project Management experience
• Technical Writing experience

Addit