Portfolio Risk Modeling Intern
Tacoma Power's Rates, Planning and Analysis division is looking for a Portfolio Risk Modeling Intern to join their team for a one year internship!
The Energy Risk Management (ERM) team is seeking an intern to support a variety of risk modeling projects. This role offers a valuable opportunity to apply analytical and technical skills while gaining hands-on experience in model development, standardization, and process improvement. The intern will also have the chance to shadow other ERM functions and contribute to a variety of initiatives. The ERM team collaborates closely with Tacoma Power’s wholesale trading group, providing the intern with broad exposure to wholesale energy trading and risk management practices.
Responsibilities Include:
- Assist in enhancing and refining existing simulation models.
- Support risk modeling efforts through code standardization and documentation.
- Collaborate with the Data Scientist to integrate new data sources for improved reporting.
This internship is full-time (40 hours per week), with flexibility to accommodate reduced hours for current students.
Qualifications
Minimum Education*
High School Diploma or GED
Minimum Experience*
1 year of post-high school training
Licensing, Certifications and Other Requirements
None
*Equivalency: 1 year of experience = 1 year of education
Knowledge & Skills
- Effective at problem solving & research
- Proficiency in Python, R, or C++
- Strong foundation in mathematics and experience with numerical modeling or simulation techniques
- Effective communication and listening skills
Desired Skills:
- Excellent oral, written, & visual communication skills
- College Junior or Senior or recent graduate in the Computer Science, Mathematics, Physics, Economics, or Data Science fields
Selection Process & Supplemental Information
This recruitment is being managed by Kye Merritt, if you would like to be notified of similar opportunities or stay connected with things going on at Tacoma Public Utilities and the City of Tacoma, connect with me on LinkedIn!
Compensation & Benefits
Pay Details:
Hourly Rate: $16.72 - $20.33
Employee Benefits | City of Tacoma
The Department
The Energy Risk Management team is a part of the Rates, Planning, and Analysis Department, which works to sustain Tacoma Power’s financial strength and affordability. Energy Risk Management provides independent oversight of wholesale trading activities and develops decision support tools to help mitigate the financial risks of transacting in the wholesale energy market. These efforts support revenue stability in the face of market volatility.
The Energy Risk Management team has three primary functions:
- Portfolio Risk Modeling develops and maintains advanced predictive models to simulate wholesale market dynamics, optimize hydro resource operations, and quantify financial risks for Tacoma Power.
- Credit Risk Management safeguards Tacoma Power’s financial position by evaluating counterparty creditworthiness and managing exposure to potential losses from wholesale trading activities.
- Risk Controls helps maintain the accuracy, reliability, and procedural compliance of wholesale trading activities through transaction validation, enforcing internal controls, and coordinating external confirmations.
As the Risk Modeling Intern, you will contribute to these efforts by supporting enhancements to decision support tools and assisting with key risk reporting initiatives. This role offers a unique opportunity to gain hands-on experience in energy risk modeling while learning how ERM supports Tacoma Power’s ability to navigate a dynamic and complex energy market.
City of Tacoma’s Commitment to Diversity, Equity, and Inclusion
At the City of Tacoma, we're on a mission to make our workforce as diverse and inclusive as the community we serve. We actively seek out candidates from a wide range of backgrounds and cultures. Join our team at the City of Tacoma and help us build a more vibrant, inclusive, and equitable community for all.
If you have a less traditional background, we want to hear about your transferrable skills and experience. We value a variety of perspectives and are excited to see what you bring to the table.
The Community
Tacoma is centrally located just 32 miles south of the city of Seattle and 31 miles north of the state capital, Olympia. The City of Tacoma is also home to the Port of Tacoma, which is among the largest container ports in the United States. Like most cities in the northwest, Tacoma is surrounded by beautiful nature, offering residents many opportunities for outdoor adventures.
Largely suburban in nature with a small, but dense, urban core, Tacoma is home to numerous institutes of higher learning that attract students from across the country. The University of Washington Tacoma, Pacific Lutheran University, University of Puget Sound, a satellite campus of the Evergreen State College, three community/technical colleges, and several trade and business schools are within Tacoma's geographic area. Downtown's Cultural District is the site of the Washington State History Museum, Museum of Glass, the Tacoma Art Museum, and America's Car Museum.
With its affordable housing and distinctive neighborhoods and business districts, the city has been recognized numerous times as a best city to live in the nation. To see a few of the great things Tacoma has to offer, view this YouTube Video!
View this exciting video to learn more about the City of Tacoma: https://www.youtube.com/watch?v=2n5MWl8KFvI
Application Process
Interested individuals should apply online by completing the application and attaching a resume and cover letter by the closing date and time listed on the job announcement. Applications received without attaching the required materials may not progress in the selection process. Applicants who have the strongest backgrounds related to the responsibilities of this position may be invited to participate in the interview process, which may include a work problem. Appointment is subject to passing a background check.
Get Assistance
For assistance with the application process or questions regarding this job announcement please contact the Human Resources office at (253) 591-5400 by 4:00 p.m. of the closing date of the job announcement.
For technical difficulties using the NEOGOV system, call the applicant support line at 1-855-524-5627 between 6:00a.m. and 5:00 p.m. Pacific Standard Time. This will allow us to assist you before the job announcement closes.
Communication with the City of Tacoma
We primarily communicate via email during the application process. Emails from Tacoma.gov and/or governmentjobs.com should be placed on your safe domain list to ensure that you receive notifications in a timely manner. As a precaution, you may also want to check your junk email folders.
Note: The provisions of this job announcement do not constitute an expressed or implied contract. Any provision contained herein may be modified and/or revoked without notice.