Principal Quantitative & Modeling Analyst

Requisition ID # 166100 

Job Category: Compliance / Risk / Quality Assurance; Accounting / Finance; Engineering / Science; Information Technology; Maintenance / Construction / Operations; Project / Program Management 

Job Level: Manager/Principal

Business Unit: Electric Engineering

Work Type: Hybrid

Job Location: Oakland

Summary: The Analysis & Modeling Risk group is responsible for developing methods for risk analyses, forecasting and transaction valuation, to include building tools to measure risk and forecast positions, perform ad hoc analyses to assess one-off risks or analytical issues, and provide support to other groups within M&CRM. Further, the group scopes stress testing and scenario; analyses; designs forward curve methodologies; and validates models used for forecasting and valuation

PG&E is providing the salary range that the company in good faith believes it might pay for this position at the time of the job posting. This compensation range is specific to the locality of the job.  The actual salary paid to an individual will be based on multiple factors, including, but not limited to, specific skills, education, licenses or certifications, experience, market value, geographic location, and internal equity.  Although we estimate the successful candidate hired into this role will be placed towards the middle or entry point of the range, the decision will be made on a case-by-case basis related to these factors.

A reasonable salary range is:

• Minimum Base Salary (Bay Area)            $132,000.00
• Mid Base Salary (Bay Area)        $179,000.00
• Maximum Base Salary (Bay Area)           $226,000.00

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.

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:

• Masters in Information Systems, Business, Engineering, Financial Engineering, Economics, Statistics or Mathematics, or equivalent experience.
• Proven Excel expertise and VBA or Matlab.
• 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, and nonthreatening manner.
• Ability to maneuver through complex organizational situations effectively and without disruption.
• Understands and can communicate the company's overall goals and strategies.