Credit Risk Analyst, Principal

Job Posting Date: March 10, 2017
Requisition #: 53802898-E01
Job Category: Compliance / Risk / Quality Assurance
Job Level: Manager/Principal
Employment Type: Management
Business Unit: Finance and Risk
Schedule: Full-time
City: San Francisco

Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States. And wedeliver some of the nation’s cleanest energy to our customers in Northern and Central California. For PG&E, ‘Together, Building a Better California’ is not just a slogan. It’s the very core of our mission and the scale by which we measure our success. We knowthat the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services. They, along with every citizen of the state we call home, also expect PG&E to help improve theirquality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employerthat actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color, national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protectedveteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic information or any other factor that is not related to the job.

Department Overview

The Market and Credit Risk Management (M&CRM)department consists of Market and Transaction Risk, Credit and Emerging Risk, Governance, Analysis and Modeling and Infrastructure and Controls functions. PG&E engages in various standard and nonstandard natural gas and electric procurement activities, and it isthe responsibility of the M&CRM department to facilitate transaction execution and assist in mitigating market, credit and liquidity risks associated with contractual obligations and associated potential liquidity requirements.

The Credit and EmergingRisk (CRM) group within M&CRM is responsible for performing credit and liquidity analyses, developing credit standard and policies, negotiating credit terms and financial securities as needed, assessing portfolio credit risk and ensuring credit risk functionmeets corporate and utility policies and standards. CRM supports many business areas including but not limited to transactional activities associated with natural gas, electricity, nuclear fuels, electric and gas operations. CRM also provides credit assessment andanalysis in support of supply chain contracting activities and other emerging risks. Since the utility must comply with state and federal regulation, CRM supports various regulatory efforts across the company as it relates to credit risk monitoring, reporting andanalyses.

Position Summary

Principal is an individual contributor position within CRM and is expected to contribute in all of the above areas in most cases as a lead and expert in the credit risk area.



* Bachelor’s degree in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics, Mathematics or equivalent work experience
* Minimum of eight years in accounting, finance, procurement, settlement, orcredit risk management and counterparty evaluation, and project management.

Desired Qualifications:

* Excellent written and verbal communication skills.
* Proven Microsoft office expertise.
* Master’s Degree
* Demonstratedability to work with front office in solving problems and assessing corresponding transactional credit risks as necessary.
* Prior credit risk management experience in utility or energy industry preferred.
* Good understanding of energy industry contractsincluding but not limited to EEIs, NAESBs, ISDAs, and Power Purchas/Sale Agreements.
* Prior project management skills.
* Applies knowledge, skills, and techniques to define, control, report, and improve processes.


* Defines processes and metrics for evaluating counterparty credit exposure.
* Reviews credit evaluations for completeness and accuracy.
* Leads evaluation of counterparty’s financial strength based on standard guidelinesand procedures using financial analyses of financial statements and other relevant market intelligence.
* Leads negotiations of credit terms and limit threshold levels for various agreements.
* Leads evaluation of current and potential exposures for alltransactions associated with counterparties.
* Liaises with treasury, front office, and settlement group to quantify the amount of collateral to be posted or collected and track the levels of interest expenses or income associated with collateral activities.
* Leads development of complete procedures and processes to maintain and manage credit information in system of record.
* Evaluates emerging risks that impact the management of counterparty credit and liquidity risks such as financial, FERC and CAISOreforms.
* Assures new legislation or regulations are appropriately addressed in contracts and controls.
* Serves as a professional witness in regulatory proceedings as needed.


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