Principal Market Design Analyst
4 weeks ago
At the Electric Reliability Council of Texas (ERCOT), we are committed to fostering a diverse and inclusive work environment that encourages collaboration and innovation. Our team of experts is dedicated to building a sustainable future for the Texas power grid and wholesale market.
Job SummaryWe are seeking a highly skilled Principal Market Design Analysis to join our team. The successful candidate will be responsible for creating and communicating visionary studies to guide ERCOT into the future. This includes developing approaches, processes, and solutions that enable the company to maximize its effectiveness and achieve higher levels of achievement.
Key Responsibilities- Develop and maintain a deep understanding of the electricity industry and associated risks.
- Lead complex risk analyses and prepare reviews and reports to support Enterprise Risk Management (ERM) programs and initiatives.
- Collaborate with ERM team members and business units on various projects, focusing on risk identification and quantification.
- Conduct and lead economic, market, and industry research and analysis to support ERM programs and initiatives.
- Work with business groups to develop and implement risk mitigation strategies, improve risk management processes and analyses, and implement ERM requirements.
- Drive the identification of emerging and future risks and develop possible mitigations.
- Contribute to and develop Enterprise Architecture Strategy.
- Mentor the Enterprise Architects to ensure ERCOT maintains a strong core of technology awareness in the EA team.
- Lay out the framework for architectural strategies for IT infrastructure and business applications.
- Maintain the corporate project roadmap.
- Work with project sponsors and business owners to validate requirements, costs, and benefits of projects, ensuring consistency in prioritization across business units.
- Educate IT and business groups on ERCOT's enterprise-wide approach to IT solutions and integration opportunities.
- Apply in-depth knowledge of business and IT to validate the cost-benefit analysis of IT initiatives.
- Provide critical analysis of current and future architectural and business direction.
- Advise, recommend, and justify critical architecture decisions to management and senior staff.
- Minimum 10 years of job-related work experience in excess of degree requirements.
- 8-10 years of relevant experience in a quantitative field (Preferred).
- Minimum of 10 years in wholesale electric or bulk power markets.
- Minimum of 10 years in directing large technology projects.
- Excellent understanding of basic financial concepts and metrics, including financial statement analysis.
- Excellent quantitative analysis and modeling skills are preferred, in addition to significant experience in an analytical capacity.
- Very strong understanding of the electricity industry and associated risk.
- Bachelor's Degree: Engineering, Computer Science, or related discipline (Required).
- Master's Degree: Engineering, Computer Science, or related discipline (Preferred).
- Or a combination of education and experience that provides equivalent knowledge to a major in such fields is required.
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