Job Description
Risk Management Specialist at Tucker Parker Smith Group (TPS Group) Risk Management Specialist at Tucker Parker Smith Group (TPS Group) in Los Angeles, California Posted in 3 days ago.
Type:
full-time Job Description:
Senior Resource Specialist•Energy Risk Management Power Operating & Planning Section Location:
Los Angeles, CA (Union Station) Duration:
6-month assignment with potential to extend/convert to FTE Schedule:
Monday-Friday, 8:00 AM•5:30 PM with alternating Fridays off Pay Rate:
$76•$84/hour Position Summary:
The Senior Resource Specialist provides advanced technical and analytical expertise in support of Energy Risk Management activities within Metropolitan's Power Operating & Planning Section. This role is responsible for identifying, measuring, monitoring, and mitigating financial and operational risks associated with Metropolitan's wholesale energy portfolio, including Power, Natural Gas, and Renewable energy markets. The ideal candidate will have extensive experience in energy risk management, strong quantitative modeling capabilities, and deep knowledge of wholesale energy markets and ETRM systems. This position works in a fast-paced, collaborative environment supporting strategic energy operations and compliance with organizational risk policies. Key Responsibilities:
Develop and manage the full Energy Trading & Risk Management (ETRM) workflow, including system implementation and administration. Maintain Energy Risk Management policies, risk limits, and governance procedures. Lead Risk Oversight Committee meetings and provide executive-level risk reporting. Calculate and report daily Value at Risk (VaR) and Mark-to-Market (MtM) valuations. Perform stress testing, scenario analysis, and Monte Carlo simulations to evaluate portfolio risk exposure. Validate forward pricing curves and support valuation processes. Monitor trading activity to ensure compliance with approved risk limits and policies. Analyze basis risk, shape risk, and portfolio exposure to support effective hedging strategies. Develop and automate dashboards and reporting tools for leadership and operational teams. Coordinate with middle office and back-office teams to resolve trade discrepancies and maintain ETRM data integrity. Support strategic planning, operational analysis, and process improvement initiatives. Leverage automation, emerging technologies, and AI tools to improve efficiency and reporting capabilities. Prepare presentations, reports, and technical recommendations for leadership and stakeholders. Perform related duties and special projects as assigned. Minimum Qualifications Education:
Bachelor's degree from an accredited college or university in Finance, Economics, Mathematics, Statistics, Engineering, Data Science, Quantitative Finance, or a related field. Preferred:
Master's degree or Ph.D. in a quantitative discipline. Experience Minimum of 8 years of relevant experience in energy risk management, wholesale energy markets, or energy trading operations. Strong preference for candidates with 10+ years of energy industry experience in an Energy Risk Management role. Experience with ETRM systems, quantitative risk modeling, and wholesale power markets required. Required Knowledge & Skills:
Energy commodity markets, trading operations, and risk management practices VaR, MtM valuation, stress testing, and quantitative modeling methodologies ETRM systems and market data management Strong analytical, problem-solving, and organizational skills Excellent written and verbal communication skills Ability to manage multiple priorities in a high-pressure environment Strong collaboration and stakeholder management abilities Proficiency with Microsoft Office and analytical/reporting tools Preferred Qualifications:
Experience with CAISO markets Experience with Python, SQL, Power BI, or related analytical tools Experience implementing or supporting ETRM platforms Professional certifications related to energy trading, finance, or risk management Additional Requirements:
Local Southern California candidates only No CalPERS membership No H1B candidates Strong attention to detail, adaptability, and team-oriented mindset required
