(Sr./Lead) Quantitative Analyst I (II)

PJM Search•Audubon, NJ

67d•Hybrid

About The Position

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.

Requirements

Bachelor's Degree in Engineering, Mathematics, or Economics
At least 5 years of 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
Production cost simulation software skills, statistical software skills

Nice To Haves

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

Responsibilities

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
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