Quantitative Analyst

PEPCO•Carneys Point Township, NJ

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

Python, SQL Scripting, Machine Learning modeling, Power Automate, experience with Microsoft suite of applications
Energy industry experience
In-depth experience in one or more programing language
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.

Responsibilities

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

Benefits

Annual salary will vary based on a candidate’s skills, qualifications, experience, and other factors: $75,200.00/Yr. – $103,400.00/Yr.
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
And much more
Note: Exelon-sponsored compensation and benefit programs may vary or not apply based on length of service, job grade, job classification or represented status. Eligibility will be determined by the written plan or program documents.