Friday, March 27, 2015

Puget Sound Energy - Consulting Risk Control and Credit Analyst (Bellevue, Washington)

Consulting Risk Control and Credit Analyst or Below #22526
Location : Bellevue
Job # : 22526

At Puget Sound Energy (PSE) we have a long tradition of service, and an exciting and innovative future ahead! Consider PSE for the next step in your career.
Job Summary & Responsibilities

Puget Sound Energy’s Energy Risk Control Department is looking for a Consulting Risk Control and Credit Analyst or below, depending on experience, to join our team. This role is responsible for implementing, reviewing, and improving risk control and credit management policies and processes for consistency with the organization's governance structure. They will also be taking a leadership role in managing departmental projects.

This is an excellent opportunity to play an integral role within PSE to help us better serve the environment, our customers and the communities in which they live. PSE provides an environment where all employees are valued, respected and provided with the opportunity to achieve maximum performance. We offer a comprehensive pay package that includes competitive compensation, annual goals-based incentive bonuses, comprehensive cafeteria-style benefits, 401(K), a company paid retirement pension plan and an employee assistance and wellness program. Gain the energy to do great things through a career with Puget Sound Energy!

Job Responsibilities
• Reviews, validates and maintains valuation models used to forecast generation asset output, load needs, option valuation, and credit exposure. Assets include hydroelectric plants, thermal plants, wind units, gas storage, and derivative commodity contracts.
• Works with front office, external vendors, and IT application support to develop improved reporting across the department.
Takes a leadership role in resolving anomalies associated with the energy risk and trading platforms.
• Works with Energy Trading, Power Costs, Energy and Derivative Accounting, and other groups to develop new reports aligned with the Risk Policy and Integrated Strategic Plan.
• Analyzes available data related to existing risk performance metrics. Recommends new performance metrics and works with other members of mid-office, back-office, front-office, IT applications, and other stakeholder groups to move from design board to production.
• Reviews and develops recommendations to ensure commodity risk governance is implemented successfully within the organization. Works with legal, front-office, mid-office, and senior management to develop recommendations that lead to adoption of formal company policies that drive governance decisions.
• Takes a leadership role in managing departmental projects such as integration of new energy risk trading platforms, development of policies and procedures in response to new regulatory requirements, validation of valuation models, evaluation of new credit management tools, development of new reporting processes, and validation of price curves. Identifies project scope, determines deliverable requirements, internal and external resource requirements, and expected timeframe in order to achieve intermediate and final milestones. Develops an understanding of PSE's businesses and how daily operational tasks conducted in Risk Control and Credit contribute to the businesses. Functions as a communication bridge between front and back office.
• Provides ad hoc reporting as required.
• Performs other duties as assigned.

• Bachelor’s degree in mathematics, science, finance, or technically/commercially related field, or equivalent combination of education and relevant work experience.
• 7 years relevant experience for the consulting level (such as risk management, analytics, reporting, modelling, and wholesale credit portfolio experience).
• Strong knowledge and proficiency in applying portfolio risk measures and probability distribution concepts.
• Strong database, spreadsheet and reporting skills including the ability to write queries and macros, build pivot tables and develop OLAP reports.
• Self-motivated and high attention to detail with a bias for delivering a flawless product.
• Demonstrated problem solving, planning, analytical and/or consulting skills.
• Strong oral and written communication skills and ability to use MS PowerPoint effectively.
• Prior project management experience.

• 7 years of relevant experience (such as risk control governance, portfolio analytics, or credit management experience).
• Strong database, spreadsheet, and reporting skills.
• Proficiency in applying quantitative methods to solve problems.
• Strong written, oral, and presentation skills (proficient with MS Powerpoint).
• Proven project management experience.
• Strong understanding of commodity trading instruments.
• Master’s degree in engineering, math, science or finance.
• Stong understanding of, energy markets, portfolio risk management concepts and commodity trading insturments including financial derivatives.
• Detailed knowledge of portfolio risk caculations, including Value at Risk, marginal risk analysis, stochastic modelling concepts, and applied probabiilty distribution methods.
• Proficiency in applying quantitiative methods (regression analysis, time-series analysis, Monte Carlo simulation, linear and non-linear optimization).
• Knowledge of process design, re-engineering, and requirements documentation methodologies.
• Able to read and interpret financial statements (i.e. balance sheet, income statement, statement of cash flows).
• Familiarity with quality management principles.

This position will be filled as a Consulting Risk Control and Credit Analyst, Senior Risk Control and Credit Analyst or Risk Control and Credit Analyst depending on the qualifications of the selected candidate.

PSE is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, sex, religion, national origin, age, protected veteran status, disability status, or any other characteristic protected by law. We encourage persons of diverse backgrounds to apply.
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 or 425-462-3017. Please apply online at