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'sEnergy Supply Merchantteam is looking for qualified candidates to fill anopen 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

This position will work cross-functionally to represent PSE in various market and policy forums. Analyze the impact of proposed market design initiatives, regulatory rule making, and market alternatives on PSE's organized market position.

Draft policy and contract language that effectively communicates PSE's position for vendors, stakeholders, and management.

Responsible for the development, maintenance, and operation of Market design elements for organized markets. Understands, communicates, and defends analytical results.

Provides data driven insights to support asset optimization, risk management strategies, and energy procurement decisions.

Analyzes PSE's resource portfolio, commodity transactions, and market and financial data to provide input to the energy procurement and hedging strategy.

Performs market risk analytics and exposure measurement and develops and communicates risk reports to Management.

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

Work cross-functionally to represent PSE in various market and policy forums. Analyze the impact of proposed market design initiatives, regulatory rule making, and market alternatives on PSE's organized market position.

Draft policy and contract language that effectively communicates PSE's position for vendors, stakeholders, and management.

• Partner with trading, operations, and policy staff to utilize business intelligence and analysis to inform market strategy and management decision-making.
• Maintain knowledge of energy market dynamics, including renewable resource and energy usage trends, and perform fundamental market analysis.
• Support WUTC rate case filings by preparing testimony and responding to (and initiating) data requests from external stakeholders.
• Perform ad hoc analysis and other duties as assigned.
• Partner with trading, operations, and policy staff to utilize business intelligence and analysis to inform market strategy and management decision-making.
• Lead intermittent high-impact, high-dollar projects and efforts related to organized wholesale electric power market participation.
• Inform the refinement of third-party and in-house software configuration to reflect changes as needed.
• Duties will include researching and summarizing various stakeholder processes and regulatory proceedings, attending and leading meetings, drafting and distributing meeting summaries and presentations, reviewing and summarizing parties' comments, and working with PSE staff to draft and submit PSE comments where appropriate.
• Track and support PSE efforts to engage in clean energy policies, resource adequacy, transmission, and market development in the Western Interconnection.
• Self-starter and thrives in ambiguity.

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

Additional Information

Please note : this job posting is one of three that will be used to advertise and fill only one vacancy at the Consulting Quantitative Risk Analyst, Senior Quantitative Risk Analyst, and Quantitative Risk Analyst level depending on the most qualified applicant across the three job openings posted.

Only apply to one of the three job openings based on which level best matches your work experience. Job postings involved with this opening are 4916, 4917, and 4918.

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is$101,000.00-$168,200.00, and this position is eligible for annual goals based incentive bonuses.

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance.

There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP).

For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan. Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year.

Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com) .

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873.

Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy.

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and / or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at [email protected] or 425-462-3017.