SMUD · 6 hours ago
Principal Market Risk Specialist
Sacramento, CA
Full-time
Hybrid
Senior Level, Lead/Staff
7+ years expSMUD is seeking a Principal Market Risk Specialist to lead the assessment and mitigation of market risk exposures across their diverse energy portfolios. The ideal candidate will be responsible for providing strategic insights, analytical expertise, and leadership in market risk measurement and policy development to support the company’s decision-making processes.
App MarketingAssociationCloud Data ServicesEnergyInformation Technology
Hiring Manager
Arisbeth R.
Responsibilities
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)
Develop, refine and maintain risk policies, procedures and controls in alignment with corporate objectives and regulatory requirements
Partner with front-office trading, finance, treasury, and operations teams to provide actionable risk insights and ensure compliance with risk limits
Conduct regular assessments of market trends, price drivers, and macroeconomic factors impacting the utility’s exposure
Present complex risk findings to executive management, including the Risk Oversight Committee and Board of Directors
Evaluate and recommend enhancements to the company’s energy procurement strategies from a risk-adjusted perspective
Ensure compliance with relevant regulatory bodies (e.g., FERC, NERC, state utility commissions)
Mentor junior risk staff and contribute to a culture of risk awareness across the organization
Create and forecast the commodity budget to support strategic planning and rate setting
Monitor and report weekly and monthly on budget performance, assessing market conditions and risks
Recommend mitigation strategies for variances between actual and expected expenditures
Perform other related duties as needed; schedules, hours and locations may fluctuate based on business needs
Qualification
Required
Bachelor's degree in finance, economics, engineering, mathematics, statistics, or a related field from an accredited college or university, or equivalent experience. If no degree, eleven or more (11+) years of relevant experience are required
At least seven (7+) years of experience in market risk, energy trading, quantitative risk management within the utility or energy sector
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)
Communicate findings to internal audiences; prepare and present reports and summaries
Interpret and apply SMUD policies, procedures, and applicable MOU under guidance; understand and follow established guidelines and agreements
Learn and apply energy risk management and portfolio optimization theories; support the application of these theories in practical scenarios
Provide practical and feasible energy trading solutions; support the development of risk-neutral and cost-effective solutions
Contribute to developing and presenting energy risk management and financial recommendations; balance analytical results with market realities under supervision
Solve problems of low to high complexity creatively and pragmatically; apply basic to complex problem-solving techniques to address issues
Handle stress effectively under time pressure; manage time efficiently and maintain composure during tight deadlines
Collaborate and achieve positive outcomes with cross-departmental team members; work effectively as part of a team to reach common goals
Utilize a personal computer and relevant software systems; demonstrate proficiency in using software tools necessary for the job
Communicate effectively orally and in writing internally; develop clear and concise communication skills
Build and maintain positive working relationships with team members and colleagues
Demonstrate proficiency in Microsoft Excel and data analysis tools (e.g., Energy Market Simulation Software, Python, R, MATLAB, SQL)
Preferred
Working knowledge with energy trading and risk management systems (e.g., Endur, Allegro, PowerBI, ETRM platforms)
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)
Company
SMUD
SMUD provides electricity to Sacramento County, California.
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$10MKey Investors
California Energy Commission
2024-07-23Grant· $10M
Leadership Team
P
Paul Lau
CEO
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