(Sr./Lead) Quantitative Analyst I

1 week ago

Lower Providence Twp, PA, United States PJM Inc Full time
*Flexible Work Arrangement: Hybrid*

The (Sr./Lead) Quantitative Analyst I (II) is responsible for overseeing PJM's quantitative analytical efforts to support trade surveillance. Working under the direction of the Manager, Trade Surveillance, the responsibilities include leading the analytical team to develop behavioral modeling to capture the impact of PJM's strategic decisions that market participants could make to influence prices and increase their profits, developing potential cross product manipulations scenarios and identifying gaps in the current PJM markets where bad actors can take an unfair advantage of market rules. The results of these tasks are then used to take the appropriate steps to make changes in PJM's governing documents to close those perceived loopholes and ensure efficient markets.

Essential Functions:
  • Lead quantitative analytical team for the identification of trade manipulation activity:
  • Provide quantitative analytical support to identify trade manipulation associated with existing market rules
  • Provide quantitative analytical support to identify trade manipulation possibilities associated with new market rules
  • Create scenarios around trading activity and develop indicators of potential trade manipulation activity
  • Potential Future Exposure (PFE) and Potential Future Collateral (PFC):
  • Forecast forward price projections using advanced analytical techniques such as power flow simulations and historical price analysis to assess future exposure and collateral needs
  • Develop models to capture future shocks in fundamental energy market price drivers
  • Interface with stakeholders, management, peers and others and provide expertise in the area of trading risk
  • Analyze PJM's governing documents and design new PJM market rules and make changes to existing rules
  • Develop dashboard reporting and extract, transform, load (ETL) procedures
  • Interact regularly with leadership and cross functional teams to understand strategic changes
  • Demonstrated ability to work independently and to train, guide, or assist others to perform complex assignments
  • Demonstrate the behaviors and competencies that create a risk management mindset in the organization
  • Technical Skills: Production cost simulation software skills, statistical software skills
Characteristics & Qualifications:

Required:
  • Bachelor's Degree in Engineering, Mathematics, or Economics
  • At least 5 years of experience experience in qualitative and quantitative analysis
  • Ability to produce high-quality work products with attention to detail
  • Experience in quantitative and qualitative analysis
  • Ability to use mathematical and electrical theory
  • Ability to troubleshoot and provide technical support


Preferred:
  • Master's Degree in Engineering or PhD. in Economics, Mathematics, or Engineering
  • At least 5 years of experience in the Energy industry
  • Experience using statistical tools such as SAS, MATLAB
  • Experience using production cost tools such as PROMOD, PLEXOS, PROBE
  • Experience using PSS/e (power system analysis program)
  • Adept in strategic/forward thinking
  • Experience with PJM operations, markets, and planning functions

  • (Sr.) Analyst/Engineer I

    7 days ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    *Flexible Work Arrangement: Hybrid* The (Sr.) Analyst/Engineer will work to address PJM's current and future challenges by partnering with internal and external stakeholders to research, build, and integrate actionable solutions. The Analyst/Engineer position supports the Applied Innovation Department's responsibility for sourcing, evaluating, leveraging,...

  • (Sr.) Analyst/Engineer I

    2 weeks ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    *Flexible Work Arrangement: Hybrid* The (Sr.) Analyst/Engineer will work to address PJM's current and future challenges by partnering with internal and external stakeholders to research, build, and integrate actionable solutions. The Analyst/Engineer position supports the Applied Innovation Department's responsibility for sourcing, evaluating, leveraging,...

  • (Sr.) Analyst/Engineer I

    1 day ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    *Flexible Work Arrangement: Hybrid* The (Sr.) Analyst/Engineer will work to address PJM's current and future challenges by partnering with internal and external stakeholders to research, build, and integrate actionable solutions. The Analyst/Engineer position supports the Applied Innovation Department's responsibility for sourcing, evaluating, leveraging,...

  • (Sr.) Analyst/Engineer I

    1 week ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    *Flexible Work Arrangement: Hybrid* The (Sr.) Analyst/Engineer will work to address PJM's current and future challenges by partnering with internal and external stakeholders to research, build, and integrate actionable solutions. The Analyst/Engineer position supports the Applied Innovation Department's responsibility for sourcing, evaluating, leveraging,...

  • (Sr./Lead) Trainer I

    1 week ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    Flexible Work Arrangement: Hybrid The (Sr./Lead) Trainer is responsible for supporting the overall goals of the State & Member Training Department. This includes the design, development and delivery of a variety of training programs for members and other stakeholders. Topics cover the full scope of PJM activity and provide focused knowledge on specific...

  • (Sr./Lead) Construction Engineer I

    1 day ago

    Lower Providence Twp, PA, United States PJM Inc Full time

    *Flexible Work Arrangement: Hybrid* The Interconnection Construction Management department coordinates and facilitates the interconnection of new generation, the installation of network upgrades, and construction of merchant transmission projects to the PJM system to ensure the long-term reliability and resource adequacy of the PJM system. The department...

  • Sr. Financial Analyst, FP&A

    1 week ago

    Cranberry Twp, PA, United States True Commerce Full time

    Are you ready to unlock your true potential? Join a growing and global company where you can be part of a team that fuels supply chain solutions. Discover how you can make a big impact. TrueCommerce is seeking a highly motivated, energetic, and experienced Sr. Financial Analyst to help drive strategic decision-making across the org. This role will help...

  • Sr. Financial Analyst, FP&A

    2 weeks ago

    Cranberry Twp, PA, United States True Commerce Full time

    Are you ready to unlock your true potential? Join a growing and global company where you can be part of a team that fuels supply chain solutions. Discover how you can make a big impact. TrueCommerce is seeking a highly motivated, energetic, and experienced Sr. Financial Analyst to help drive strategic decision-making across the org. This role will help...

  • Sr. Financial Analyst, FP&A

    1 week ago

    Cranberry Twp, PA, United States True Commerce Full time

    Are you ready to unlock your true potential? Join a growing and global company where you can be part of a team that fuels supply chain solutions. Discover how you can make a big impact. TrueCommerce is seeking a highly motivated, energetic, and experienced Sr. Financial Analyst to help drive strategic decision-making across the org. This role will help...

  • Sr. Financial Analyst, FP&A

    7 days ago

    Cranberry Twp, PA, United States True Commerce Full time

    Are you ready to unlock your true potential? Join a growing and global company where you can be part of a team that fuels supply chain solutions. Discover how you can make a big impact. TrueCommerce is seeking a highly motivated, energetic, and experienced Sr. Financial Analyst to help drive strategic decision-making across the org. This role will help...