Quantitative Analyst, Energy Risk

Who We Are

Clean Power Alliance (CPA) is Southern California’s locally operated not-for-profit default electricity provider for 38 communities within Los Angeles and Ventura counties and the 4th largest electricity provider in the State of California. We provide clean renewable energy at competitive rates to over three million residents and businesses through approximately one million customer accounts.

What You’ll Do

CPA is seeking a motivated, detail-oriented team member to build and implement financial risk models, expand scenario analysis and position modeling capabilities, and support enhancements to its Energy Trading and Risk Management (ETRM) system . The ideal candidate will have strong technical skills (Python, SQL), experience with energy and financial risk modeling, and the ability to design tools for transaction modeling and risk reporting. This role will be instrumental in enhancing CPA’s risk management functionality and driving key initiatives.

Who You’ll Work With

The Quantitative Analyst, Energy Risk will report to the Director, Energy Risk Management and will work closely with the internal teams including but not limited to Power Supply, Data and Systems , and other members of the Finance team. This position will work with CPA’s scheduling coordinator and other consultants as assigned.

Commitment to Diversity

At CPA, we value diversity and are committed to creating an inclusive environment for all employees. We represent a diverse customer base and intend to hire employees that reflect our communities. Clean Power Alliance provides equal employment opportunities to all applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

Culture

CPA fosters a culture of open communication, responsibility, intellectual curiosity, and exceptional judgment. As a small team that has quickly built the largest Community Choice Aggregation program in the country, high levels of trust, collaboration, and mission alignment are key factors in success. We value fact-based creativity in our work, accountability with our stakeholders, and promote ethical engagement and diversity with our brand.

Requirements

• Excellent verbal and written communication skills. Experience and comfort presenting information to colleagues and external consultants.  
• Ability to work independently on projects with minimum supervision.   
• Ability to act with integrity, professionalism, and confidentiality.   
• Ability to fully own tasks and processes with minimal oversight.   
• Ability to handle multiple priorities to meet deadlines and escalate key issues 
• Works well with diverse teams and consultants and is highly collaborative 
• Highly proficient with Microsoft Office Suite (particularly Excel and PowerPoint) and data visualization tools (i.e., Tableau, Power BI). 

Desired Skills and Experience:

• Experience with commodities trading, power markets, energy middle office, and risk management systems.
• Familiarity with California’s energy markets including the [(Resource Adequacy Program (RA), Renewable Portfolio Standard (RPS) and, the California Independent Systems Operator)(CAISO).
• Experience with Tableau or similar business intelligence and visualization tools.
• Knowledge of financial market mechanics and the valuation of physical/financial contracts.
• Advanced Excel skills for ad hoc modeling and prototyping.

Duties and Responsibilities:

• Financial and Risk Analysis and Modeling: Responsible for developing, validating, enhancing, and documenting processes and tools to enable position modeling and scenario analysis across alternative portfolios to improve procurement and hedge decision-making. Responsible for designing, validating, enhancing, and documenting quantitative risk models, including Margin-at-Risk, stress tests, and stochastic simulations.
• Strategic Analysis: Responsible for performing strategic analysis to identify trends and anomalies that impact power markets, risk management, operations, and strategy and communicating results and relevant information to senior leadership. Responsible for analyzing large datasets using innovative models and methodologies to derive actionable insights and deliver strategic recommendations to senior leadership. Build analytical and operational capabilities by modeling best practices and collaborative problem solving. Work in close collaboration with internal and external stakeholders to analyze data. 
• ETRM System Development: In collaboration with supervisor and other stakeholders, responsible for developing, enhancing, and documenting reports and models that leverage CPA’s in-house ETRM to support risk and position management, transaction modeling, and scenario analysis.
• Metrics and Data: