Consulting Quantitative Risk Analyst

Puget Sound Energy is looking to grow our community with top talented individuals like you!  With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Energy Supply Merchant team is looking for qualified candidates to fill an open Consulting Quantitative Risk Analyst position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

Work directly with the PSE Merchant traders to lead the technical administration, maintenance, and operation of the unified PCI ETRM platform.  Work with traders and business analysts to design technical solutions to improve the performance of trading, compliance, auditing, and all related operations for the Merchant organization.  Coordinate with PSE’s primary ETRM vendor to coordinate design, development, and deployment of system upgrades and improvements. Works with PSE’s data group to design and deploy a unified data architecture for trading and related data.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct.  Ensures duties are performed in accordance with all regulatory compliance obligations.

Job Responsibilities

• Provide technical leadership on administration of the power and gas PCI ETRM platform.
• Work closely with power and gas traders to design optimization and trading solutions inside of the PCI ETRM platform.
• Create and improve quantitative models for forecasting and optimization of natural gas and electric resources, portfolio management, and energy trading activities.
• Own and be accountable for accuracy of model results inside the PCI platform and justification of methodologies.
• Coordinate resolution of technical issues inside the PCI ETRM with the vendor.
• Design and coordinate implementation of data management solutions supporting trading operations inside or outside of the PCI ETRM platform.
• Perform ad hoc analysis and other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in a relevant field. (Finance, Economics, Statistics, Engineering, or similar)
• Minimum 8 years work experience, with at least 4 as a quantitative analyst in the energy industry
• Proficiency with quantitative methods and concepts including regression analysis, Monte Carlo simulations, stress testing, and scenario analysis
• Familiarity with production cost modeling and software such as Plexos, Aurora, GenTrader, PROMOD, etc.
• Programming experience in Python, R, SQL, MATLAB, or similar
• Experience with financial analysis and risk measurement techniques
• Advanced skills in MS Office, especially Excel, including proficiency in writing macros  and queries
• Excellent communication, writing, and presentation skills
• Ability to work effectively without direct supervision in a fast paced, stressful, and multitasking environment

Desired Qualifications

• 3+ years of direct experience using or supporting PCI ETRM software
• 10+ years of energy industry experience, preferably in technical role
• Advanced degree in a quantitative field
• Familiarity with electricity and natural gas trading and risk management operations software
• Knowledge of western natural gas and power markets

Additional Information

At PSE we value and respect our employees and provide them opportunities to excel. We offer a competitive compensation and rewards package.

The pay range for this position is $116,300.00 - $193,600.00, and this position is eligible for annual goals based incentive bonuses. 

PSE offers a suite of benefits to our employees. Employees are eligible for medical, dental, vision, basic life, and short- and long-term disability insurance.  There are additional voluntary options of supplemental life insurance, accidental death and dismemberment insurance, flexible spending accounts for health care and dependent daycare, and an Employee assistance program (EAP).  For long term savings, PSE offers a 401(k) investment option and a cash balance retirement plan.  Employees will also receive Paid Time Off (PTO) and Paid Holidays throughout the calendar year. Detailed benefit overviews can be found on our Career page - Why Work For Us (pse.com). 

Families and businesses depend on PSE to provide the energy they need to pursue their dreams. Our steadfast commitment to serving Washington communities with safe, dependable and efficient energy started in 1873. Today we're building the Northwest's energy future through efforts like our award winning energy efficiency programs and our leadership in renewable energy. 

Puget Sound Energy is committed to providing equal employment opportunity to all qualified applicants. We do not discriminate on the basis of race, color, religion, sex, national origin, age, sexual orientation, gender identity, marital status, veteran status or presence of a disability that with or without reasonable accommodation does not prevent performance of the essential functions of the job, or any other category prohibited by local, state or federal law.

Should you have a disability that requires assistance and/or reasonable accommodation with the job application process, please contact the Human Resources Staffing department at jobs@pse.com or 425-462-3017.