Principal Market Risk Specialist leading the assessment and mitigation of market risk in diverse energy portfolios. Collaborating with executive leadership and leveraging analytical expertise.
Responsibilities
Lead the assessment and mitigation of market risk exposures across SMUD's diverse energy portfolios, including power, gas, and renewables.
Oversee the assessment and monitoring of market risk exposures across power, gas, renewables, and other commodity portfolios.
Design and implement quantitative risk models and tools (e.g., Value-at-Risk, stress testing, scenario evaluation, gross margin).
Partner with front-office trading, finance, treasury, and operations teams to provide actionable risk insights and ensure compliance with risk limits.
Present complex risk findings to executive management, including the Risk Oversight Committee and Board of Directors.
Requirements
Bachelor’s degree in finance, economics, engineering, mathematics, statistics, or a related field from an accredited college or university, or equivalent experience.
At least seven (7+) years of experience in market risk, energy trading, quantitative risk management within the utility or energy sector.
Deep knowledge of North American energy markets (e.g., ISO/RTO structures such as PJM, CAISO, ERCOT).
Working knowledge with energy trading and risk management systems (e.g., Endur, Allegro, PowerBI, ETRM platforms).
Skills to demonstrate strong analytical and quantitative modeling skills with proficiency in risk tools and programming languages (e.g., Energy Market Simulation Software, Python, R, MATLAB, SQL).
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