Power Risk Analyst
Join Chelan PUD as a Power Risk Analyst
Chelan County PUD is seeking a Power Risk Analyst to support our mission of delivering reliable, sustainable energy to the communities of North Central Washington. Based in Wenatchee, this role is part of a collaborative team responsible for monitoring market activity, validating transactions, and analyzing energy-related risks. Whether you're starting your career or bringing seasoned expertise, we offer opportunities at the Analyst I, II, or Senior level based on your experience. This is a great opportunity to contribute to risk management efforts in a public utility setting while gaining valuable insight into energy markets and trading operations.
Power Risk Analyst I Overview
The Power Risk Analyst I provides essential support to the risk management team by assisting with reporting, data validation, compliance checks, and data analysis functions. This role is ideal for individuals interested in energy markets, power trading, and risk management, offering an opportunity to develop analytical skills and gain industry experience.
Responsibilities
- Reporting and Data Management: Assist in creating and distributing routine reports on risk metrics, power trading activities, power contracts and energy market trends.
- Transaction Validation: Support trade data verification, ensuring accuracy and adherence to established protocols related to current bilateral markets and/or future organized markets.
- Compliance Support: Aid in regulatory compliance checks, reporting, ensuring transactional data aligns with policies, procedures and is properly documented.
- Data Analysis: Analyze data for accuracy and alignment with procedures and contract terms. Develop basic reports and models as assigned.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Education
Equivalent experience (year for year) may substitute for required education.
- Bachelor's Degree in Finance, Business, Economics, or related field is required.
Experience
- 0 years' experience required.
- 2+ years' experience in finance, data analysis, or an entry-level role in energy or commodities markets is preferred.
Skills and Abilities
A fully skilled incumbent will have the following knowledge skills & abilities:
- Basic Knowledge of Financial Markets: An introductory understanding of financial and commodity markets.
- Technical Skills: Proficiency in Microsoft Excel, Word, PowerPoint and familiarity with data analysis tools.
- Attention to Detail: Strong focus on accuracy, including data oversight and basic reporting.
- Communication Skills: Ability to follow instructions and communicate findings to team members effectively.
- Adaptability: Willingness to learn and adapt to new tools, processes, and environments.
- Organizational Skills: Strong organizational and records management skills.
- Must be proficient in reading, writing and speaking English.
Power Risk Analyst II Overview
The Power Risk Analyst II plays a crucial role in identifying, assessing, and managing risks associated with power trading, energy markets, and regulatory compliance. This position is responsible for providing analytical support, developing risk reports, and ensuring data accuracy in risk management processes. The analyst collaborates with cross-functional teams to monitor trading activities, enforce compliance, and enhance risk mitigation strategies.
Responsibilities
- Market Risk Monitoring: Develop and maintain regular and ad-hoc reports for the risk management team, which provide insights into power trading activities and risk exposure. Compile and submit compliance related reports, as assigned.
- Transaction Monitoring: Review trade capture activity, ensuring transactions meet internal standards and risk tolerance limits related to current bilateral markets and/or future organized markets.
- Data Analysis and Validation: Analyze transactional data for accuracy and compliance with policies, procedures and contracts. Identify and resolve errors, ensuring data integrity and compliance with established policy limits.
- Cross-functional Collaboration: Work closely with trading, compliance, finance, and operations teams to resolve data discrepancies, improve reporting accuracy, and address risk-related challenges.
- Process Improvement: Contribute to the enhancement of risk monitoring procedures, reporting tools, and overall risk management processes to improve efficiency and decision-making.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Education
Equivalent experience (year for year) may substitute for required education.
- Bachelor's Degree in Finance, Business, Economics, or related field is required.
Experience
- 3+ years of experience in finance, data analysis, risk management, or energy markets is required.
- 1 year experience in power risk analysis is preferred.
Skills and Abilities
A fully skilled incumbent will have the following knowledge skills & abilities:
- Knowledge of Financial Markets: Solid understanding of financial, commodity, and energy markets, with basic risk management principles.
- Advanced Data Skills: Proficiency in Microsoft Excel, including advanced formulas and data manipulation, Word and PowerPoint. Familiarity with data reporting tools such as Power BI.
- Attention to Detail: Strong focus on accuracy, including data validation and reporting.
- Problem-Solving Abilities: Ability to analyze complex data sets and resolve data inconsistencies.
- Organizational Skills: Excellent organizational skills to manage multiple projects and meet deadlines.
- Records Management: Ability to maintain accurate, records and documentation in compliance with internal policies and regulatory requirements.
- Interpersonal Skills: Strong communication and collaboration skills, enabling effective work with cross-functional teams.
- Must be proficient in reading, writing and speaking English.
Power Risk Analyst Senior Overview
The Senior Power Risk Analyst is responsible for performing advanced risk analysis, analyzing complex energy trading transactions, and generating in-depth reporting in support of strategic energy risk management initiatives. This role includes independent responsibility for power risk reporting and verifying and interpreting compliance with regulatory agency requirements, and complex contract terms, and making recommendations to management to mitigate risks. Provides technical guidance to junior analysts.
Responsibilities
- Market Risk Management: Lead the development of detailed risk exposure reports, analyzing hedging activities and market conditions for management and executive decision-making. Makes recommendations to mitigate risk.
- Advanced Transactional Analysis: Conduct in-depth audits of trade capture and reporting systems, validating transactions and ensuring compliance with risk policies. Establish and perform analysis and activities related to current bilateral markets and/or future organized markets.
- Compliance Oversight: Monitor regulatory compliance and independently verify transactions, trade data, and other elements to align with organizational policies, procedures and federal requirements. Compile and submit compliance reports.
- Technical Guidance: Provide expertise and guidance to team members, sharing best practices and training on advanced risk analysis and reporting, upon request.
- Process Optimization: Drive process improvements in data reporting, compliance workflows, and risk management procedures.
- Maintain regular and predictable attendance: Perform related duties and responsibilities as required. Comply with District policies. Complete all required training. Maintain a working knowledge and comply with District safety procedures and specific safety requirements of this position, and those in accordance with applicable provisions of the Revised Code of Washington (RCW) and Washington Administrative Code (WAC).
Education
Equivalent experience (year for year) may substitute for required education.
- Bachelor's Degree in Finance, Business, Economics, or related field is required.
Experience
- 5+ years of experience in finance, data analysis, risk management, or energy markets is required.
- 3+ years power risk analyst experience strongly preferred.
Skills and Abilities
A fully skilled incumbent will have the following knowledge skills & abilities:
- In depth knowledge of Energy and Financial Markets: Expertise in financial/commodity markets, energy trading, risk management, and hedging principles.
- Analytical and Technical Proficiency: High proficiency with Microsoft Excel, including complex formulae and data modeling, Word, PowerPoint, and experience with energy management software.
- Attention to Detail: Strong focus on accuracy in data compilation and review.
- Project Leadership Abilities: Ability to lead projects independently with minimal oversight.
- Communication and Presentation Skills: Excellent skills to present complex information clearly and concisely to cross-functional teams, management and executive teams.
- Adaptability and Initiative: Ability to work independently, adapt to evolving market conditions, and develop innovative approaches to risk analysis.
- Organizational Skills: Strong ability to manage tasks and priorities effectively in a fast-paced environment, ensuring accuracy and timely completion of responsibilities.
- Records Management: Ability to maintain accurate records and documentation in compliance with internal policies and regulatory requirements.
- Must be proficient in reading, writing and speaking English.