Quantitative Analyst

ComEd • Oakbrook Terrace, IL

16h • Onsite

About The Position

The Quantitative Analyst for the Utility of the Future will design and develop proprietary simulation models to support portfolio valuation, pricing, risk management, and overall strategic planning for innovative utility platform initiatives. As a member of the Advanced Analytics team, the successful candidate will collaborate directly with economists, financial engineers, risk analysts, and policy experts. He or she will apply quantitative techniques to measure and analyze model risks and form opinions on the strengths and limitations of the respective models. A solid understanding of traditional financial valuation and modeling techniques along with a strong foundation in programing, statistical methods, and data analysis is essential.

Requirements

• Bachelor's degree in quantitative field
• 2 to 4 years of relevant experience
• Thorough understanding of applied and financial mathematics concepts and techniques (including advanced statistical techniques)
• Ability to use a broad range of development languages (e.g. C/C++, Python, Perl, Matlab, etc.), and databases query languages
• Ability to quickly master industry fundamental concepts including energy commodity markets, portfolio valuation, and system dynamics
• Should be self-driven and able to work in (and lead) team sizes ranging from individual contribution to several members.

Nice To Haves

• Energy industry experience
• Prior experience in an operation research role
• In-depth experience in one or more programing language
• Background in applied system dynamics theory
• Ideal candidate with have experience performing advanced quantitative analysis and developing and/or validating risk models to support senior managers in running their quantitative strategies.
• Advanced Excel, including Power Query, PivotTables, and complex formulas
• Power BI, including dashboard development, data modeling
• SQL for querying, validating, and analyzing data
• Power Automate or similar workflow automation tools
• Python or another analytical programming language
• Experience with data quality controls, KPI development, reporting governance, and process improvement
• Familiarity with AI tools and responsible AI practices

Responsibilities

• Leverage in-depth technical knowledge of predictive analytics, statistics, modelling techniques and simulation approaches to develop valuation, risk management, and pricing models. (50%)
• Conduct research and produce proof-of-concept demonstration systems to test new quantitative modeling approaches and solutions to complex problems (25%)
• Translate quantitative and business concepts into efficient, robust, supportable system design and architecture. (15%)
• Partner with stakeholder analytics teams across ComEd and the Enterprise to expand the use and gather feedback on the models and systems (10%)

Benefits

• Annual Bonus for eligible positions: 10%
• 401(k) match and annual company contribution
• Medical, dental and vision insurance
• Life and disability insurance
• Generous paid time off options, including vacation, sick time, floating and fixed holidays, maternity leave and bonding/primary caregiver leave or parental leave
• Employee Assistance Program and resources for mental and emotional support
• Wellbeing programs such as tuition reimbursement, adoption and surrogacy assistance and fitness reimbursement
• Referral bonus program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level