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Principal Risk Analyst

Portland General Electric — Power Operations Risk Management

The western energy sector is undergoing rapid transformation driven by regulatory policy, data-center growth, technological change, and climate forces. Portland General Electric is seeking a Principal Risk Analyst to join its Power Operations Risk Management team and help senior leadership understand, quantify, and act on uncertainty in an increasingly complex and data-driven environment.

This role blends operational reporting with quantitative analysis. Day-to-day, you will run production-based risk reporting, present findings to front office stakeholders at a daily 8am PT standup, analyze complex contracts, and translate contract terms into Endur deal-level detail. The team is split between operational analysts and quant data analysts, and you will work closely with both groups.

•        Run and analyze operational risk reports; manage the End of Day production reporting process to ensure smooth, efficient daily closeout.

•        Present daily price risk and volumetric risk position reports to front office and key stakeholders at the 8am PT standup.

•        Troubleshoot production reporting systems; identify, communicate, and track issues as they arise.

•        Collaborate with Power Operations to assess trading risk limits, evaluate exposures, develop new quantitative models, and validate or enhance existing models.

•        Analyze complex structured products including tolling agreements, PPAs, full-requirements/load-following deals, shaped products, revenue puts, exotic options, weather derivatives, and unit contingency products.

•        Translate contract terms into ION Endur deal-level detail; bridge qualitative commercial insights into quantitative terms.

•        Apply and interpret risk-metric models including Value at Risk (VaR), Mark-to-Market, and Gross Margin at Risk (GMaR).

•        Support statistical analysis and quantitative tools for trading and hedging, including commodity data modeling and ad-hoc analysis.

•        Communicate modeling methodologies and results clearly to diverse audiences, emphasizing practical business implications.

•        Support the migration of Tableau-based reporting to Power BI.

•        8+ years of experience in an analytical role within the energy industry, wholesale power/gas markets, or quantitative trading. Equivalent academic experience with direct energy market application considered.

•        Hands-on experience with ION Endur ETRM.

•        Strong knowledge of energy risk management concepts: VaR, Mark-to-Market, GMaR, position reporting, and exposure analysis.

•        Utilities / power sector industry experience required.

•        BS or MS in engineering, statistics, a scientific discipline, economics, finance, or a related field — or 8+ years in a financial risk role at a utility in lieu of a degree.

•        Expertise in at least one of: time-series analysis, advanced regression/econometrics, or advanced optimization techniques using commercial solvers.

•        Experience with Production Cost Modeling.

•        Advanced proficiency in Microsoft Excel.

•        Professional maturity and sound judgment — able to navigate ambiguity, recognize when to seek guidance, and deliver clear communications to senior and executive audiences.

•        Advanced financial modeling skills using Python and/or VBA.

•        Experience with Power BI, Tableau, or Snowflake.

•        Broad experience across North American energy markets including power, natural gas, and renewables.

•        Expert written and oral communication skills.

•        Strong enterprise and business acumen.

ION Endur ETRM • Excel • VBA • Python • Power BI • Tableau • Snowflake

Interested candidates should submit a current resume highlighting Endur experience and energy risk background. Resumes must not contain personal contact information or company logos.