Principal Market Risk Specialist

Overview

We are seeking a Principal Market Risk Specialist to lead the assessment and mitigation of market risk exposures across SMUD's diverse energy portfolios, including power, gas, and renewables. The ideal candidate will have strong analytical and quantitative modeling skills, extensive experience in energy trading and risk management, and the ability to communicate complex risk insights to executive leadership. This role offers an exciting opportunity to shape risk policies, support strategic decision-making, and contribute to SMUD's commitment to managing price volatility and regulatory challenges in the energy market.

Note:

We are filling this position at either the Principal or Senior level. To be considered at the Senior level, please apply to requisition #2684.

This role is a subject matter expert responsible for identifying, assessing and mitigating market risk exposures across the organization’s energy trading, hedging, and procurement activities. The role provides strategic insights, analytical expertise, and leadership in market risk measurement and policy development to support the company’s risk-adjusted decision-making processes. This position is critical in ensuring that the utility maintains a robust risk management framework to navigate price volatility in energy markets, regulatory impacts, and external shocks.

There are five (5) levels in this job classification series that have similar job content but with progressively more challenging degrees and levels of skill, responsibility, knowledge, experience, and qualification requirements:

Flex classifications (that permit progression from lower-level classes to higher level classes without examination based upon assessment of an individual’s experience and performance) within the series:

Entry:
Incumbent acquires knowledge, skills and abilities to perform the tasks associated within the series but are not yet demonstrating these at the Journey level.

Journey:
Incumbent is demonstrating the required skills and knowledge to independently perform the full scope of the job.

Non-Flex classifications (that promote from lower-level classes to higher level classes and require an examination, such as an interview, based upon individual experience and performance) within the series:

Senior:
Advanced journey level resource who is responsible for advanced assignments, as dictated by the work needing to be performed; may serve in a lead and/or supervisory capacity.

Principal:
Subject matter expert/lead/supervisory level and is responsible for leading the most advanced work, as dictated by the work needing to be performed.

Supervisor:
Working supervisor directing the work of a functional team.

Entry to Journey:
Incumbents at the entry level are required to successfully “progress” to the journey level within 60 months of appointment to remain within the job series.

Seniors, Principals, and/or Supervisors must be hired through a promotional process and do not automatically progress from lower levels in the series.

• Working knowledge with energy trading and risk management systems (e.g., Endur, Allegro, Power
  
  BI, ETRM platforms).
• Demonstrate strong analytical and quantitative modeling skills with proficiency in risk tools and programming languages (e.g. Energy Market Simulation Software, Python, R, MATLAB, SQL).