Sr. Risk Analyst

Senior Risk Analyst, Credit & Settlements

Seattle City Light, a department of the City of Seattle, is one of the nation's largest municipally owned utilities in terms of the number of customers served. Over the years we have worked very hard to keep Seattle's electricity affordable, reliable, and environmentally sound. Today, City Light is a recognized national leader in energy efficiency and environmental stewardship.

As a Senior Risk Analyst, Credit & Settlements, you will play a critical role across several core areas of our risk management function. Responsibilities include evaluating and validating transactions for accuracy, analyzing settlement data, and maintaining robust processes to ensure timely and accurate settlements with counterparties. You will also support credit risk oversight by monitoring counterparty exposure, validating credit limits, and contributing to the review of creditworthiness and contractual terms.

In addition to your core responsibilities in settlements and credit, you may also be expected to support other areas of risk, such as risk control and reporting, by building familiarity with broader risk exposures and contributing analytical insights as needed. You will collaborate cross-functionally with Trading, Legal, and Finance to ensure that risk policies are adhered to and that exposures remain within approved thresholds.

You will also assist with system upgrades to our Energy Trading and Risk Management (ETRM) and Stancil Recording platforms, including user-acceptance testing and data validation to ensure the system continues to support accurate settlement, risk assessment and reporting.

This role offers a varied set of responsibilities and requires flexibility, strong analytical thinking, and effective communication skills. It presents an excellent opportunity to apply your existing skills and experience while contributing to the organization's broader risk management and credit oversight objectives.

This position reports to the Manager, Credit & Settlements.

Job Responsibilities

Overall, this position has responsibility for bilateral settlements, credit risk, deal confirms, broker invoice review & settlements as per the specific details shown below.

Responsibilities include :

• Maintain a robust settlements process encompassing related analytics, data validation, and profit & loss reporting.
• Support credit risk management by monitoring counterparty exposure, validating credit limits, assisting with collateral management and contractual credit terms, and coordinating the onboarding of new counterparties.
• Provide thorough transactions analysis, including validation and reconciliation of settlements, invoices, and relevant details.
• Ensure the timely and accurate communication of pertinent information and reports to counterparties, trading, risk, accounting, market operations, and other relevant workgroups as necessary.
• Proactively engage with various internal business units to verify transaction details related to power, transmissions, and ancillaries.
• Lead data collection and reporting during internal and external audits, and regulatory filings.
• Update and revise risk policies, procedures, and desk manuals pertaining to settlements and credit risk.

Perform other assigned responsibilities, duties, and projects as needed.

Qualifications

Required Qualifications :

In addition to the skills and experience mentioned below, a successful applicant will have experience that reflects a commitment to creating fair and equitable outcomes and has :

Education : A bachelor's degree in finance, economics, statistics, risk management, applied mathematics, data science, computer science, or other quantitative / scientific fields is required.

Experience : Three years in an analytical leadership role or experience in an organized market or comparative experience. Combinations of education, training and experience in comparable industries will be evaluated on an individual basis for comparability and competency.

Desired Qualifications :

Please note this job advertisement is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

Additional Information

The full salary range for this position is $63.93 to $74.37 per hour.

Application Process :

Please submit the following with your online application :

Who May Apply : This position is open to all candidates that meet the qualifications. Seattle City Light values diverse perspectives and life experiences. Applicants will be considered regardless of race, color, creed, national origin, ancestry, sex, marital status, disability, religious or political affiliation, age, sexual orientation, or gender identity. Seattle City Light encourages people of all backgrounds to apply, including people of color, immigrants, refugees, women, LGBTQIA+, people with disabilities, veterans, and those with diverse life experiences.

Job offers are contingent on the verification of credentials and other information required by the employment process, including the completion of a background check. The background check will involve a criminal history check, which includes conviction and arrest records in compliance with the Seattle's Fair Chance Employment Ordinance, SMC 14.17 and the City of Seattle Personnel Rule 10.3. A driving history review may be conducted in compliance with SMC 4.79.020.

The City of Seattle offers a comprehensive benefits package including vacation, holiday, and sick leave as well as medical, dental, vision, life and long-term disability insurance for employees and their dependents. More information about employee benefits is available on the City's website.