Hybrid Principal Market Risk Specialist

Posted 3 hours ago

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About the role

  • 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).

Benefits

  • Health insurance
  • 401(k) matching
  • Professional development opportunities
  • Paid time off
  • Flexible work arrangements

Job title

Principal Market Risk Specialist

Job type

Experience level

Lead

Salary

$141,128 - $186,929 per year

Degree requirement

Bachelor's Degree

Tech skills

Location requirements

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