Energy Risk Management- Resource Specialist
Location: Local to Los Angeles
No Cal PERS membership -This is a must!! Include a note about any CalPERS experience - Y/N
The work schedule is hybrid. Two days a week in office.
Schedule: 8:00 am – 5:30 pm Monday through Friday with alternating Fridays off.
* Please note this position requires the successful completion of a background check, drug screen, employment, and education verification prior to starting work.
The Senior Resource Specialist doing Quantitative Risk Modeling will work in a very busy team-oriented environment. In this role the Senior Resource Specialist with Energy Risk Management experience will be responsible for identifying, measuring, and mitigating financial and operational risks within our wholesale energy portfolio. The Senior Resource Specialist will ensure that market volatility is managed within the organization's risk framework. The ideal candidate will possess a deep understanding of energy commodity markets (Power, Natural Gas, Renewables) and the mathematical models used to price risk in a volatile environment
*The hiring manager is asking for someone who has a minimum of 10 years of energy industry experience in energy risk management
These tasks include but are not limited to:
•Develop and implement the entire ETRM workflow, including the selection and implementation of an ETRM system.
•Maintain and update Energy Risk Management Policy including all risk limits.
•Lead and manage Risk Oversight Committee meetings.
•Establish Risk, Net Cost, and exposure management (positions, valuation curves, mark-to-market) processes, settlements and close (pricing, statement reconciliation) interfaces and integrations and market and pricing data management.
•Quantitative Risk Modeling: (a) Calculate and report daily Value at Risk (VaR) and Mark-to-Market (MtM) valuation for the energy portfolio, including both physical and financial products. (b) Perform Monte Carlo simulations and stress tests to evaluate portfolio performance under extreme market conditions (e.g., weather events, infrastructure failure).
•Validate forward price curves.
•Develop and automate risk reporting dashboards for executive leadership and the Risk Oversight Committee, highlighting breaches and portfolio exposures.
•Middle Office & Governance: (a) Monitor trading activity to ensure compliance with the Risk Management Policy and authorized trading limits. (b) Analyze Basis Risk (locational price differences) and Shape Risk (timing of delivery) to ensure hedging strategies are effective. Collaborate with the back office to resolve trade discrepancies and ensure data integrity within the ETRM (Energy Trading and Risk Management) system.
•Demonstrate willingness and capability to leverage emerging technology, automation, and Al tools to improve efficiency, quality, and speed.
•Exercise sound judgment, creative thinking, and accountability for outcomes.
•Performs other related Accountant job duties as required.
To be successful in this role, you’ll need 6+ years of energy industry experience in an energy risk management role M.S. or Ph.D. degree in quantitative discipline (mathematics, quantitative finance, economics, statistics data science).
*The hiring manager is asking for someone who has a minimum of 10+years of energy industry experience in energy risk management.
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