Senior Principal Risk Management Analyst
Xcel EnergyDenver, CO
Full Time
Posted October 27, 2026
$98k - $139k
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Application opens on company website
Listing evidence and provenance
- Source
- Workday View original listing
- Freshness
- Open in the current public read path; this is not an employer guarantee.Last observed October 28, 2026
- Classification
- Modern power-system classification not yet published for this listing.Legacy source industry field: Utilities
- Pay provenance
- Employer-provided pay
Job Description
Connected, Committed, Trustworthy, Safe
Key Responsibilities
- Under broad direction, works with stakeholders across multiple functions to establish a risk-based modeling approach for the enterprise top risks, using Xcel Energy’s risk framework and criteria. Collects the required internal and external risk and contextual information. Conducts probabilistic modeling of hazard-based risks and of uncertainties in operations, planning, modeling, and decision-making processes. Engages stakeholders throughout the process to align on scope, inputs, assumptions, results, and recommendations.
- Develops models and metrics, as part of daily responsibilities, to quantify risk based on economic, probability, and engineering principles. Evaluates strategic options for managing risk and uncertainty.
- Develops methodologies for incorporating risk metrics to support strategic and operational decisions.
- Designs and performs quantitative studies of business assumptions. Leverages tools, existing studies, business area systems, and data to identify, develop, and deliver analyses of hazard-based risks, uncertainties in assumptions, and uncertainties in achieving business objectives.
- Uses trends and analysis to extrapolate historical data to current and future levels of uncertainty and risk.
- Continually defines and coordinates existing and future data requirements for the analysis necessary to optimize industry risk benchmarking and enterprise risk assessment and management.
- Communicates risk management processes, results, and recommendations to support decision-making, resource allocation, assessment of mitigation program effectiveness, and monitoring of risk trends.
Requirements
- Bachelor's degree in computer science, statistics, finance, mathematics, energy economics, or equivalent. Advanced degree desired.
- A minimum of 7 years of work experience in risk modeling or a related field is required. Related fields may include actuarial science, risk management, economics, and energy systems.
- Engineering/Utility Industry - Knowledge of utility business operations, maintenance, engineering, and systems.
- Quantitative/Statistical Modeling - Ability to develop and analyze predictive models, forecasts, and simulations.
- Advanced knowledge of statistics, econometrics, and risk modeling. Demonstrated analytical and financial analysis capabilities.
- Programming/Data Platforms - Advanced proficiency in current programming and statistical software for data analysis, statistical modeling, and simulation. Experience with large data repository systems for large-scale data processing, data pipelines, and analytics.
- Artificial Intelligence - Advanced use of AI tools and techniques, including generative AI, to accelerate data collection, analysis, modeling, and reporting.
- Our culture is grounded in shared values and employee commitments that guide how we work, support one another, and grow together.
Ready to Apply?
Apply directly on Xcel Energy's site
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