Senior Market Risk Specialist

Title

Senior Market Risk Specialist

Commodity Risk Management

Sacramento, CA, US,

Accounting/Financial

Minimum Pay Rate: $
Maximum Pay Rate: $

Civil Service

02/02/2026

Open

We are seeking a Senior 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.

We are filling this position at either the Principal or Senior level. To be considered at the Principal level, please apply to requisition #2682.

• Monitor and assess market risk exposures related to electricity, natural gas, renewable energy credits, and other commodity positions.
• Support the implementation and improvement of risk metrics, including Value-at-Risk (VaR), stress testing, and sensitivity assessment.
• Track market trends, price movements, and economic drivers that affect portfolio exposure and report findings to senior management.
• Assist in the development and maintenance of risk models and tools for portfolio valuation and scenario analysisli>
• Ensure compliance with internal risk policies and external regulatory requirements (e.g., FERC, NERC, ISO/RTO rules).
• Collaborate with Front Office (trading, origination), Treasury, Finance, and Regulatory teams to understand and evaluate the risk impact of commercial decisions.
• Contribute to the design and enforcement of trading and hedging limits; elevate limit breaches as necessary.
• Prepare regular and ad hoc risk reports and presentations for Risk Committees and senior management.
• Participate in the ongoing enhancement of the risk management framework, including system upgrades, policy reviews, and process improvements.
• Participate in the creation and forecasting of the commodity budget to support strategic planning and rate setting.
• Monitor and report weekly and monthly on budget performance, assessing market conditions and risks.
• Participate in the recommendation of mitigation strategies for variances between actual and expected expenditures.
• Perform other related duties as needed; schedules, hours and locations may fluctuate based on business needs.

• Bachelor's degree in finance, economics, engineering, mathematics, statistics, or a related field from an accredited college or university, or equivalent experience. If no degree, nine or more (9+) years of relevant experience are required.

• At least five (5+) years of experience in energy trading, risk management, or quantitative analysis within a utility or commodity environment.

• 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).

Applicants must be able to perform the essential job functions with or without a reasonable accommodation.

2684

SMUD provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. SMUD complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.

This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

SMUD expressly prohibits any form of unlawful employee harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of SMUD employees to perform their expected job duties is absolutely not tolerated.