Principal Risk & Compliance Quantitative and Modeling Analyst - Location Flexible

Requisition ID #172735 | Job Category: Compliance / Risk / Quality Assurance; Accounting / Finance; Business Operations / Strategy | Job Level: Manager/Principal | Business Unit: Strategy & Growth | Work Type: Hybrid

Job locations: Oakland; Alameda; Alta; American Canyon; Angels Camp; Antioch; Auberry; Auburn; Avenal; Avila Beach; Bakersfield; Balch Camp; Bay Point; Bear Valley; Belden; Bellota; Belmont; Benicia; Berkeley; Brentwood; Brisbane; Buellton; Burney; Buttonwillow; Calistoga; Campbell; Canyon Dam; Canyondam; Capitola; Caruthers; Chico; Clearlake; Clovis; Coalinga; Colusa; Concord; Concord; Corcoran; Cottonwood; Cupertino; Daly City; Danville; Davis; Dinuba; Downieville; Dublin; Emeryville; Eureka; Fairfield; Folsom; Fort Bragg; Fortuna; Fremont; French Camp; Fresno; Fresno; Fulton; Garberville; Geyserville; Gilroy; Goodyear; Grass Valley; Guerneville; Half Moon Bay; Hayward; Hinkley; Hollister; Holt; Huron; Jackson; Kerman; King City; Lakeport; Lemoore; Lincoln; Linden; Livermore; Lodi; Loomis; Los Banos; Lower Lake; Madera; Magalia; Manteca; Manton; Mariposa; Martell; Marysville; Maxwell; Menlo Park; Merced; Meridian; Millbrae; Milpitas; Modesto; Monterey; Montgomery Creek; Morgan Hill; Morro Bay; Moss Landing; Mountain View; Napa; Needles; Newark; Newman; Novato; Oakdale; Oakhurst; Oakley; Olema; Orinda; Orland; Oroville; Palo Alto; Palo Cedro; Paradise; Parkwood; Paso Robles; Petaluma; Pioneer; Pismo Beach; Pittsburg; Placerville; Pleasant Hill; Pleasanton; Point Arena; Potter Valley; Quincy; Rancho Cordova; Red Bluff; Redding; Richmond; Ridgecrest; Rio Vista; Rocklin; Roseville; Round Mountain; Sacramenti; Sacramento; Salida; Salinas; San Bruno; San Carlos; San Francisco; San Francisco; San Jose; San Luis Obispo; San Mateo; San Rafael; San Ramon; San Ramon; Sanger; Santa Cruz; Santa Maria; Santa Nella; Santa Rosa; Selma; Shaver Lake; Sonoma; Sonora; South San Francisco; Springville; Stockton; Storrie; Taft; Tracy; Turlock; Twain; Ukiah; Vacaville; Vallejo; Walnut Creek; Wasco; Watsonville; West Sacramento; Wheatland; Whitmore; Willits; Willow Creek; Willows; Windsor; Winters; Woodland; Yuba City

About the role

The Electric Risk & Compliance organization provides governance, oversight, and strategic direction on risk and compliance matters across Electric Operations, ensuring alignment with enterprise policies and external/internal regulatory requirements. It partners cross-functionally to manage compliance requirements, strengthen controls, and enable risk-based oversight through effective monitoring, data, and reporting. The Compliance Insights team provides strategic, comprehensive data analysis, reporting, and data-driven insights that support Electric compliance, investigations, and risk management. The selected candidate must live within PG&E’s service territory, and will be expected to work in the office 2-3 times a week.

Responsibilities

• Lead development of risk metrics and stress scenarios
• Lead development of commodity prices, derivatives and transactions as needed to analyze and quantify risks.
• Lead development of framework for implementing tools and processes to improve quality and timeliness of risk reports.
• Lead design of analytical and diagnostic tools to ensure accuracy and timely computation of risk metrics and facilitate analyses of portfolios.
• Lead assessment of the effectiveness of hedging strategies and programs.
• Lead development and enhancement of quantitative models to support forecasting, valuation, and portfolio risk assessment.
• Provide analytical support and quantitative risk assessments to inform business decisions and address emerging issues.
• Lead development of risk-informed compliance frameworks to align analytical insights with regulatory requirements and support effective governance and oversight.
• Lead horizon scanning activities to identify emerging risks, market developments, and regulatory changes that may affect portfolio strategy and risk exposure.
• Develops and leads compelling data-driven business cases for or against specific courses of action and potential risk mitigation alternatives as appropriate; provides strategic direction regarding areas of NERC compliance in common with CPUC, OEIS, and CAISO.
• Leads annual gap analysis; identifies gaps between compliance requirements and guidance documentation.
• Develops, monitors, analyzes, and reports on business KPIs and indicators, that may affect the Company’s ability to meet its goals.

Qualifications

Minimum: Bachelor’s Degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, or Mathematics or equivalent experience; 8 years of experience in risk analytics development and modeling; 2 years managing projects.

Desired: Master’s degree or equivalent experience; Electrical engineer with experience in the utility industry to support technical interpretations and implementation of new compliance requirements; Proven risk control and system design skills; Proven project management skills; Demonstrated ability to abstract or synthesize from one set of ideas or facts to another, identify causal relationships, and anticipate obstacles; Communicates with peers, subordinates, leadership, and stakeholders, using a variety of media and conveying information or conclusions in a clear, direct manner; Ability to maneuver through complex organizational situations effectively and without disruption; Understands and can communicate the company's overall goals and strategies; Ability to analyze complex problems and make decisions despite incomplete information and limited time; Highly advanced analytical, program management, and communications skills; Ability to manipulate data and draw conclusions / make recommendations.

Pay

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.

Schedule

Expected to work in the office 2-3 times a week.