Job Description

Job Title: Principal Risk Analyst
Location (On-site, Remote, or Hybrid?): Tualatin, OR (Onsite)
Contract Duration: Contract until 12/31/2026

Job Description:
ESSENTIAL JOB RESPONSIBILITIES
The western energy sector is undergoing rapid and complex transformation, driven by regulatory policy, data center growth, technological change, and social and climate forces. In this role, you will help senior leadership and key business partners understand, quantify, and act on uncertainty in an increasingly complex and data driven environment.

Key responsibilities include:
Support Power Operations Risk Management teams, including running and analyzing operational reports. Collaborate with Power Operations to assess trading risk limits, evaluate exposures, develop new quantitative models, validate or enhance existing models, and support internal partners in applying these models for effective risk analysis and decision making.
Run production reporting processes to ensure smooth and efficient flow of End of Day.
Troubleshoot production reporting systems and learn to identify communicate and track the status of issues when they come up.
Suggest improvement to existing operational systems based on knowledge of energy market risk systems and End of Day functions.
Provide analytical support for trading, portfolio management, origination, energy market risk, credit risk, and finance. Translate qualitative insights from commercial teams into quantitative terms to improve performance.
Learn and support quantitative approaches to evaluate the benefits, costs, risks, and risk mitigation strategies associated with energy infrastructure.
Support new and review existing complex valuation and pricing models for structured products such as tolling agreements, PPAs, full requirements/load following deals, shaped products, revenue puts, exotic options (swaptions, basket options, look back options, heat rate options), weather derivatives, and unit contingency products.
Learn, apply and interpret risk metric models, including Value at Risk (VaR), Mark to Market, and Gross Margin at Risk (GMaR).
Support statistical analysis and quantitative tools for trading and hedging, including commodity data modeling and ad hoc analysis based on short term market developments.
Communicate modeling methodologies and results clearly and persuasively to diverse audiences, emphasizing practical business implications and the "why" behind the analysis.
Make suggestions in alignment with the existing Risk Management Policy and Procedure framework.

CANDIDATE ATTRIBUTES
Success in this role requires a blend of technical expertise, market awareness, strong communication skills, and the ability to quickly build trust by understanding the firm's risk posture and delivering actionable insights. Performance will be measured by strategic impact, quality of analytical reports, identification and explaining of risks and mitigation strategies, sound decision making, and clear communication of information to stakeholders.
Strong candidates will:
Demonstrate seasoned professional maturity and sound judgment, including the ability to navigate ambiguous requests, recognize when to seek guidance, leverage subject matter experts across the organization, and prepare and deliver clear, well-structured communications for senior and executive audiences.
Have broad experience in North American energy markets and quantitative risk analysis, with a focus on power, natural gas, and renewables.
Hold a BS or MS in engineering, statistics, a scientific discipline, economics, finance, or a related field.
Bring 8+ years of experience in a analytical role within the energy industry or in an academic setting with direct application to energy markets. Experience in wholesale power and/or gas markets or quantitative trading is preferred.
Have expertise in at least one of the following: time series analysis, advanced regression/econometrics, or advanced optimization techniques using commercial solvers.
Have experience with Production Cost Modeling.
Demonstrate advanced proficiency in Microsoft Office (Word, PowerPoint, Excel).
Be able to communicate and collaborate effectively with teams outside of risk management.
Experience with Endur ETRM is a plus.

Is utilities experience required? (Y/N) Yes

Education Requirements (Experience in Lieu of Degree):
Bachelor degree in related field or 8 or more years in a financial risk role, preferably at a utility

Can you give a high-level overview of your team size, roles, its initiatives/deliverables, and any tool/technologies specific to your team/department/project they will be supporting:

Team is split between operational analysts and quant data analysts. Two operational FTEs along with two quant FTEs that we work closely with. We work with ION Endur, and use Excel, VBA, python, Power BI, Tableau, Snowflake. We produce price risk and volumetric risk-based position reports utilizing a standardized production reporting process with the tool listed above.

These reports are in Tableau and we are migrating to Power BI and will need support. We then present these reports daily at 8am Pacific Time to front office and other stakeholders.

What would "a day in the life" of this role look like?:
Running production-based reporting, understanding the process knowing when to ask for support. Analyzing complex contracts, translating contract terms in to Endur deal level detail.

Top 3 Must-Haves (Hard and/or Soft Skills):
1.Navigating ambiguity
2. Endur experience
3. Advanced knowledge of risk management concepts

Top 3 Nice-To-Haves (Hard and/or Soft Skills)
1. Advanced financial modeling skills and experience using Microsoft Excel, or Python
2. Expert knowledge of enterprise/business acumen
3. Expert written and oral communication skills

How many years of experience are you looking for?: Preferably 8 or more years experience

What is your preference when interviewing candidates? (Phone, In Person, Teams): In person or MS Teams

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