Qureos Mentor

Sacramento Municipal Utility District

<div></div><div><div><div><div><div>Department: Commodity Risk Management
</div></div></div></div><div><div><div><div>Location:
Sacramento, CA, US, 95817-1899
</div></div></div></div><div><div><div><div>Category: Miscellaneous
</div></div></div></div><div><div><div><div><p><b>Minimum Pay Rate:</b> $110,260.80</p>
<p><b>
Maximum Pay Rate:</b> $146,099.20</p>
<p><b>
Apply by Date:</b> 04/29/2026</p>
<p><b>
Posting Type:</b> Open</p><br>
<p></p>
<p>
This position will be filled at either the Journey, Senior or Principal level. To be considered at the Senior or Principal level, please apply to requisitions #2838 or #2836.</p><br>
<p></p>
<p>
We are seeking a Market Risk Analyst to lead initiatives aimed at enhancing technology and analytical capabilities related to market risk management. The ideal candidate will possess strong quantitative and data modeling skills, deep experience in energy markets, and a passion for leveraging innovative technologies to improve risk assessment and mitigation processes. This role involves driving the development and implementation of advanced tools and platforms that support strategic decision-making, enhance data-driven insights, and strengthen the organization&rsquo;s ability to respond to market volatility and evolving regulatory environments.</p><div><div><div><h2 class="jobSectionHeader"><b>
Purpose</b></h2>
</div><div><p>
Supports the assessment, analysis and monitoring of market risk exposures across SMUD&rsquo;s energy trading, procurement and hedging activities by identifying sources of price volatility and regulatory risk, developing analytical risk models under guidance from senior staff, and delivering data-driven insights to inform risk-aware strategies. This position ensures that exposure to price volatility and market uncertainty is managed effectively and in compliance with corporate risk policies and regulatory expectations.</p></div></div><div><div><h2 class="jobSectionHeader"><b>
Nature and Scope</b></h2>
</div><div><p>
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:</p>
<p><b>
Flex classifications (that permit progression from lower-level classes to higher level classes without examination based upon assessment of an individual&rsquo;s experience and performance) within the series:</b></p>
<ul>
<li><b>Entry</b>: Incumbent acquires knowledge, skills and abilities to perform the tasks associated within the series but are not yet demonstrating these at the Journey level.</li>
<li><b>Journey</b>: Incumbent is demonstrating the required skills and knowledge to independently perform the full scope of the job.</li>
</ul>
<p><b>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:</b></p>
<ul>
<li><b>Senior</b>: 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.</li>
<li><b>Principal</b>: Subject matter expert/lead/supervisory level and is responsible for leading the most advanced work, as dictated by the work needing to be performed.</li>
<li><b>Supervisor</b>: Working supervisor directing the work of a functional team.</li>
<li><b>Entry to Journey</b>: Incumbents at the entry level are required to successfully &ldquo;progress&rdquo; to the journey level within 60 months of appointment to remain within the job series.</li>
</ul>
<p>Seniors, Principals, and/or Supervisors must be hired through a promotional process and do not automatically progress from lower levels in the series.</p></div></div><div><div><h2 class="jobSectionHeader"><b>
Duties and Responsibilities</b></h2>
</div><div><ul><li>Monitor day-to-day market risk exposures across electric power, natural gas, and environmental products.</li>
<li>Calculate and evaluate risk metrics such as Value-at-Risk (VaR), stress tests, and position limits.</li>
<li>Produce recurring and ad hoc market risk reports for internal stakeholders, including trading, finance, and executive teams.</li>
<li>Support the evaluation and optimization of hedging strategies and portfolio risk.</li>
<li>Assist with enhancements to risk models, data analytics tools, and system processes.</li>
<li>Investigate significant market events and explain impacts on portfolio performance or risk metrics.</li>
<li>Contribute to the enforcement of risk limits and escalation of breaches when necessary.</li>
<li>Help ensure compliance with risk management policies, internal controls, and regulatory frameworks (e.g., FERC, NERC, ISO/RTO rules).</li>
<li>Collaborate with front office, operations, regulatory, and finance teams to provide risk insights.</li>
<li>Support the creation and forecasting of the commodity budget to support strategic planning and rate setting.</li>
<li>Support the monitoring and reporting of weekly and monthly budget performance, assessing market conditions and risks.</li>
<li>Perform other related duties as needed; schedules, hours and locations may fluctuate based on business needs.</li>
</ul></div></div><div><div><h2 class="jobSectionHeader"><b>Required Education</b></h2>
</div><div><ul><li>Bachelor&rsquo;s degree in finance, economics, engineering, mathematics, statistics, or a related field from an accredited college or university, or equivalent experience. If no degree, seven (7+) or more years of experience are required.</li>
</ul></div></div><div><div><h2 class="jobSectionHeader"><b>Required Experience Qualifications</b></h2>
</div><div><ul><li>At least three (3+) years of work experience in energy market risk, utility analytics, or commodity trading support. Master&rsquo;s degree may be substituted for one year of applicable experience.</li>
</ul></div></div><div><div><h2 class="jobSectionHeader"><b>Knowledge Of</b></h2>
</div><div><p>
Applied mathematics and statistics: Utilize mathematical and statistical methods to evaluate data and support decision-making. Business evaluation methods and procedures: Apply business evaluation techniques to evaluate processes and improve efficiency. Safety policies, practices, and procedures: Adhere to safety protocols to ensure a safe working environment. Problem-solving techniques: Employ effective problem-solving methods to address and resolve issues. Teamwork techniques and concepts: Understand and apply practical techniques for working effectively in a team environment. Organizational unit characteristics and needs: Recognize the characteristics and operational needs of various organizational units. Standard operating procedures for office equipment: Follow standard procedures for using modern office equipment, including computers and applicable software. English grammar, punctuation, and vocabulary standards: Use English grammar, punctuation, and vocabulary in various methods of communication. Planning and organizing work activities: Implement methods and techniques for planning and organizing work tasks efficiently. Working knowledge of North American wholesale energy markets and ISO/RTO operations (e.g., PJM, CAISO, ERCOT).</p></div></div><div><div><h2 class="jobSectionHeader"><b>
Skills To</b></h2>
</div><div><p>
Assist in creating analytical applications using personal computer-based spreadsheets and databases. Communicate findings to internal audiences; prepare and present basic reports and summaries. Interpret and apply SMUD policies, procedures, and applicable MOU under guidance; understand and follow established guidelines and agreements. Learn and apply energy risk management and portfolio optimization theories; support the application of these theories in practical scenarios. Assist in providing practical and feasible energy trading solutions; support the development of risk-neutral and cost-effective solutions. Contribute to developing and presenting energy risk management and financial recommendations; balance analytical results with market realities under supervision. Solve problems of low to medium complexity creatively and pragmatically; apply basic problem-solving techniques to address issues. Handle stress effectively under time pressure; manage time efficiently and maintain composure during tight deadlines. Collaborate and achieve positive outcomes with cross-departmental team members; work effectively as part of a team to reach common goals. Utilize a personal computer and relevant software systems; demonstrate proficiency in using software tools necessary for the job. Communicate effectively orally and in writing internally; develop clear and concise communication skills. Build and maintain positive working relationships with team members and colleagues. Proficiency in Excel and experience with analytical or programming tools such as Python, SQL, R, or Power BI.</p></div></div><div><div><h2 class="jobSectionHeader"><b>
Desirable Qualifications</b></h2>
</div><div><p><b>
Knowledge of:</b></p>
<ul>
<li><b>Energy markets:</b> Knowledge of energy modeling and simulation of electric and gas portfolios.</li>
<li><b>Renewable energy sources:</b> Familiarity with renewable energy markets, capacity trading, or environmental compliance products (e.g., RECs, carbon credits).</li>
</ul>
<p><b>Education:</b></p>
<ul>
<li><b>Master&rsquo;s degree in a quantitative discipline:</b> Master&rsquo;s degree in economics, engineering, mathematics, statistics, or similar quantitative discipline.</li>
<li><b>Relevant certifications</b><i>:</i> Hold relevant certifications in energy risk management or related fields.</li>
</ul>
<p><b>Experience:</b></p>
<ul>
<li><b>Energy industry background:</b> Experience with risk and trading systems (e.g., Endur, Allegro, PCI, PowerSettlements)</li>
</ul></div></div><div><div><h2 class="jobSectionHeader"><b>Physical Requirements</b></h2>
</div><div><div>Applicants must be able to perform the essential job functions with or without a reasonable accommodation.</div></div></div></div><p><b>
Sacramento Municipal Utility District (SMUD) - Who We Are</b></p>
<p>
As the nation's sixth-largest community-owned electric service provider, we're proud of our reputation as one of the best places to work in Sacramento. Our employees tell us in our engagement surveys they're &quot;Happy, satisfied and engaged&quot; which helps create a workplace that best serves our customers. Sacramento was named as the 2nd happiest place to work in America by Forbes Magazine. Lake Tahoe, San Francisco and the world-renowned Napa Valley are within easy driving distance of our locations.</p><br>
<p></p>
<p><b>
Our Commitment to Diversity &amp; Inclusion</b></p>
<p>
SMUD celebrates diversity, and inspires an inclusive culture based on trust and respect to create belonging and connection among our employees, customers, and communities. By working together, we are powering positive, equitable opportunities for all. We aspire to be a workplace where you can be yourself, achieve your best, and thrive together.</p>
<p>
An example of our commitment to Diversity, Equity, Inclusion, and Belonging is when SMUD signed the California Equal Pay Pledge in 2020. This requires equal pay for employees who perform &ldquo;substantially similar work,&rdquo; when viewed as a composite of skill, effort, and responsibility at the time those employees started within that classification. As such, initial hiring salary range is not subject to negotiation and salaries will vary over time based on performance.</p>
<p>
SMUD is proud to be an equal opportunity employer. We do not discriminate in employment decisions on the basis of race, color, religion, gender (including pregnancy), national origin, political affiliation, sexual orientation, gender identity or expression, marital status, disability, genetic information, age, veteran status, or any other applicable legally protected characteristic. All employment decisions are made on the basis of individual qualifications, merit, and business needs and interests.</p><br>
<p></p>
<p><b>
Why Sacramento, California?</b></p>
<p>
The capitol of California, Sacramento is the state's sixth-largest city, and the 35th largest in the U.S. Local universities include California State University, University of the Pacific's McGeorge School of Law, and the University of California, Davis and several competitive community colleges. The UC Davis Medical Center, a world-renowned research hospital, is one of more than a dozen hospitals and shared services centers in the Sacramento region. Part of the agriculturally-rich Central Valley, Sacramento is at the forefront of the farm-to-fork food movement. Northern California is home to some of the country's top technology companies, including Google and LinkedIn, and a multitude of startups in many industries. Sacramento is home to the NBA Kings, the River Cats (AAA baseball), the Republic FC (soccer) and the San Francisco Giants, NBA Warriors and NFL 49er's aren't far away. Sacramento offers an affluent liberal arts community with Broadway, Mondavi Center, Crocker Museum and summer musical theater to name a few.</p><br>
<p></p>
<p><b>
Hybrid Work</b></p>
<p>
This position will be required to work onsite one or more days a week on a regular basis; sometimes more or less, depending on the work and, at any of our SMUD locations. SMUD takes pride in powering the Sacramento region community where we live and work. We value the strong working relationships we develop with our colleagues. Our approach to remote work will continue to evolve. Please be aware that should SMUD&rsquo;s business needs change, emergencies occur, or various other reasons arise, you may be required to report onsite on a part-time or full-time basis.</p><br>
<p></p>
<p><b>
CalPERS</b></p>
<p><b>
SMUD is a CalPERS agency</b>. As a member of the California Public Employees&rsquo; Retirement System (CalPERS), SMUD offers eligible employees access to a defined benefit pension plan along with other valuable retirement and health benefits. This program helps provide financial security both during your career and after retirement. To learn more about CalPERS and the benefits it offers, please visit www.calpers.ca.gov.</p>
</div></div></div></div><div><div><p>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.</p>
<p>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.</p>
</div></div><div><div><div><div>Req ID: 2839</div></div></div></div></div><p></p>

Market Risk Specialist (Analyst) Journey Level

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Sacramento Municipal Utility District

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Market Risk Specialist (Analyst) Journey Level