Principal Risk & Compliance Quantitative and Modeling Analyst - Hybrid

Principal Risk & Compliance Quantitative and Modeling Analyst - Hybrid

Job Category

• Compliance / Risk / Quality Assurance
• Accounting / Finance
• Business Operations / Strategy

Job Level: Manager/Principal

Business Unit: Strategy & Growth

Work Type: Hybrid

Department Overview

The Electric Risk & Compliance team ensures alignment with company policies and both external and internal regulations. Their work involves governance, oversight, and strategic management of risk and compliance within Electric Operations.

Collaborating across functions, they handle compliance requirements, reinforce controls, and support risk-based oversight through efficient monitoring, data collection, and reporting. The Compliance Insights team offers in-depth data analysis, reporting, and insights to back up Electric compliance, investigations, and risk management.

Candidates should reside within the company's service area and are expected to work on-site 2-3 days a week.

A compensation range has been provided which reflects what the organization believes it may offer for this role at the time it’s posted. The salary for this position will vary, influenced by various factors such as skills, education, certifications, experience, market rates, location, and internal fairness.

Though it’s expected that the successful candidate might find themselves near the middle or start of the range, individual considerations will guide the final decision.

Reasonable Salary Range

• Minimum Base Salary (Bay Area): $140,000.00
• Mid Base Salary (Bay Area): $189,000.00
• Maximum Base Salary (Bay Area): $238,000.00
• Minimum Base Salary (California): $133,000.00
• Mid Base Salary (California): $180,000.00
• Maximum Base Salary (California): $226,000.00

Responsibilities

• Develop risk metrics and stress scenarios.
• Analyze risks tied to commodity prices, derivatives, and transactions.
• Implement tools and processes for quality and timely risk reports.
• Create analytical and diagnostic tools for risk metrics accuracy.
• Assess hedging strategies and program effectiveness.
• Enhance quantitative models for forecasting and valuation.
• Deliver quantitative risk assessments for informed decisions.
• Align analytical insights with regulatory requirements.
• Conduct horizon scanning for emerging risks and market changes.
• Formulate data-driven business cases regarding risk mitigation.
• Conduct annual gap analysis to identify compliance requirement gaps.
• Monitor, analyze, and report on business KPIs impacting company goals.

Qualifications

Minimum

• Bachelor’s Degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics, or equivalent experience
• 8 years in risk analytics development and modeling
• 2 years of project management experience

Desired

• Master’s degree or equivalent experience
• Experience as an electrical engineer in the utility industry
• Proven skills in risk control and system design
• Strong project management capabilities
• Ability to synthesize different ideas and identify relationships
• Clear and direct communication with diverse groups
• Navigate complex organizational settings effectively
• Understand company goals and strategies
• Analyze complex problems and make decisions with limited data
• Advanced analytical and communication skills
• Ability to manipulate data and draw meaningful conclusions