Market Monitor II, Senior, Senior II, or Lead - Remote Eligible
About The Position
The SPP Market Monitoring Unit (MMU) plays a crucial role in maintaining the integrity and reliability of SPP's wholesale electricity market across 14 states in the central and western U.S. As part of our team, you’ll be integral in ensuring that market activities are fair, transparent, and compliant with regulatory requirements. The MMU operates independently from SPP and its stakeholders to help ensure a high degree of objectivity in its evaluation of and reporting on market operations and potential issues. The MMU has a unique role where it provides both an independent and objective opinion on market design, operation, and related issues, as well as recommendations to improve market efficiency and equity across all participants. These opinions extend to existing and proposed rule changes and/or new policies that impact SPP’s market design or reliability. The surveillance team investigates potential issues that may arise in the day-to-day activities of the market and its operation. The analytics team analyses existing and proposed market design elements and represents the MMU at stakeholder meetings. We are seeking a Market Monitor who will actively contribute to the oversight and analysis of the market, ensuring its efficiency and effectiveness while safeguarding against market power abuse, manipulation, and gaming of market rules. This role offers the opportunity to make an impact through independent evaluation, objective reporting, and strategic recommendations to improve market efficiency and equity across participants.
Requirements
- Bachelor’s degree in economics, math, computer science, information technology, engineering or other related field; three (3) years of job-related experience in the industry, and experience at a lead level, may be considered in lieu of education requirement.
- Lead Market Monitor: Ten (10) Years of Experience in market monitoring, power marketing, RTO operations, economic analysis, data analysis, or a directly related field; this is in addition to experience in lieu of education; or an advanced degree in a related field may be considered toward relevant years of experience.
- Senior Market Monitor II: Eight (8) Years of experience in market monitoring, power marketing, RTO operations, economic analysis, data analysis, data science, or a directly related field; or an advanced degree in a related field may be considered toward relevant years of experience.
- Senior Market Monitor: Five (5) Years of experience in market monitoring, power marketing, RTO operations, economic analysis, data analysis, data science, or a directly related field; or an advanced degree in a related field may be considered toward relevant years of experience.
- Market Monitor II: Three (3) years of experience in market monitoring, power marketing, RTO operations, economic analysis, data analysis, data science, information technology, or a directly related field; or an advanced degree in a related field may be considered toward relevant years of experience.
Responsibilities
- Perform in-depth analysis on existing and/or new market products, specific market activity, or specific market events.
- Review proposed rule changes, conduct analysis, and provide opinions on their potential impact.
- Prepare and present MMU analysis and resulting opinions at stakeholder meetings.
- Write formal comments on proposed rule changes, MMU recommendations, and FERC filings.
- Analyze and review market data, identifying potential market power abuse, manipulation, and gaming. Provide support for ad hoc analysis and routine reports.
- Lead and contribute to special projects of varying scope and length.
- Work effectively within a multi-disciplinary team, supporting the development of metrics, analysis, reports, and responses to inquiries.
- Participate in rotating on-call duties with other team members for real-time operations monitoring.
- Engage with SPP internal departments, senior management, regulatory staff, and market participants while maintaining MMU’s independence.
- Support committees, working groups, and external members as part of the MMU’s market monitoring obligations.
- Manage your individual work effort, supporting team efforts and contributing to new and unique analysis as you progress in your role.
Benefits
- Competitive and transparent pay with bonus opportunities
- Excellent insurance package including three great medical plans to choose from, employer-paid short-term disability, long-term disability, and life insurance
- Relocation bonus (if applicable)
- Hybrid working environment for positions that are eligible
- Fantastic contributions to your retirement through a 401(k) savings plan with employer-match benefits and a pension (defined benefit plan) fully funded by SPP
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
