Quantitative Risk Manager (Hybrid Schedule)

Job Description

SDG&E is not just an energy company, we are the architects of a brighter, cleaner future. Our employees power everyday life for 3.7 million people - bringing the energy to support their passions, ambitions, and the heartbeat of our community.

We call Southern California our home. It's where we chase our dreams and raise our families. That's why the people who live here deserve an energy company unlike any other, and that's why every day, SDG&E employees strive to be at the forefront of innovations to reduce emissions, modernize the electric grid, and enable our customers to make the transition to clean technologies. We're redefining sustainability, advancing zero-emissions solutions, and driving the electric vehicle revolution.

It takes the best to build the best - join us!

Primary Purpose:

Leads and manages the quantitative risk team. In the role of quantitative risk, provides strategic leadership and regulatory support for several key Enterprise functions, including the Risk Assessment Mitigation Phase (RAMP) and Safety Model Assessment Proceeding (SMAP). The strategy and analysis created by this position allows business units to utilize consistent methods to incorporate risk management concepts into project and capital prioritization. Works with leadership to ensure that company priorities and values are considered in risk-informed decision making. Provides risk assessment to various business units to assist decision making for new contracts and projects. Works with Asset Management and other business units to ensure proper usage and analysis of data.

Duties and Responsibilities:

  • Leads Quantitative Risk and Credit Analysis personnel. Regularly meets with teams, plans budgets, develops employees, ensures training and compliance goals are met, creates strategic roadmaps for each group's success, etc.
  • Presents recommendations to the department director and others in senior management. Supports various quantitative risk management and assessment initiatives, ranging from specific analytical work to strategic optimizations. Includes targeted work regarding Wildfire, Engineering, and Operations. Provides guidance to internal stakeholders on analysis and risk-related data requests.
  • Provides strategic leadership to quantitative and analytical projects across enterprise. Works with Regulatory, Asset Management, and various leaders to continuously improve analytics related to project prioritization and general rate case concerns. Core team member on RAMP and SMAP regulatory proceedings. Creates and utilizes risk-informed analysis what impacts majority of company's capital expenditures.
  • Applies company-approved risk management tools and methodologies to provide customer and shareholder risk analysis, cash flow analysis and other key financial reporting data. Provides analysis and independent reporting of daily electric and gas procurement risk exposure in accordance with company policy.
  • Assists Energy Risk team with overall governance of Energy Risk controls, consistent with established market and credit policy (MACP), review proposals that improve Value at Risk analysis, provide backup support for their risk functions.
  • Assists in annual Enterprise Risk Registry update, by providing expertise and guidance on metrics. Provides analytical support to risk scoring efforts, help scope and shape risk definitions. Supports discussion of risk metrics and various risk-based data updates.
  • Performs other duties as assigned (no more than 5% of duties).

Hybrid Schedule:

  • Although the schedule may vary, typically this will allow the employee to work onsite three days per week and remotely on the remaining workdays.
  • Must reside in Southern California or be willing to relocate upon hire.

Required Qualifications:

  • Bachelor's Degree Finance, economics, mathematics, or related field.
  • Master's Degree in Business or economics.
  • 8+ years Business/finance/risk management experience within the energy field applying financial and quantitative assessment of portfolios.
  • 8+ years experience in evaluation and preparation of complex financial analyses.
  • 8+ years experience and deep knowledge in the quantification of risk and associated methodologies such as Cash flow mapping of transactions/positions, Monte Carlo, Diversified VaR, component VaR, Stress testing, and risk slides.
  • Strong management, communication, and interpersonal skills required to provide leadership and educate stakeholders in technical and quantitative risk/control.
  • Strong leadership, teambuilding, change management, negotiation, judgment, and motivational skills.
  • Strong decision-making skills required to facilitate timely and effective management decisions required.
  • Requires a solid understanding of current business issues, regulatory requirements and company policies and standards.
  • Proficiency in business practices and project management applications, normally acquired through practical experience and education.
  • Travel within San Diego and Los Angeles service territory required. Travel to CPUC offices in San Francisco.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.


HYBRID: Work a combination of onsite and remote days each week, typically 3 days per week onsite.
Other
Full-time
Oct 17, 2024
$143,100.00
$178,900.00
$214,700.00

Note: SDG&E strives to ensure that employees are paid equitably and competitively. Starting salaries may vary based on factors such as relevant experience, qualifications, and education.

SDG&E offers a competitive total rewards package that goes beyond base salary. This position is eligible for an annual performance-based incentive (bonus) as well as other merit-based recognition. Our Incentive Compensation Plan (ICP) is one way we recognize employee's' work to help us execute and deliver on our strategic priorities. The target for this position is an award of of base salary and is based on individual and company performance for the plan year.

Additional company benefits include health and welfare (medical, dental, vision), employer contributions to retirement benefits, life insurance, paid time off, as well as other company offerings such as tuition reimbursement, paid parental leave, and employee assistance programs.


SDG&E is an Affirmative Action and Equal Employment Opportunity employer and considers all applicants for employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, disability or protected veteran status.

 

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