Sr. (Lead) Engineer I (II)

PJM • Audubon, PA

5d • Hybrid

About The Position

The Sr. (Lead) Engineer is responsible for overseeing PJM's quantitative analytical efforts to support trade and credit risk functions.

Requirements

• Bachelor's degree in Engineering or Electrical Engineering, Master's degree in Engineering, Math, Economics or qt least 10 years of work experience
• 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
• Production Cost Simulation Software
• Statistical Software
• Programming Languages (Python

Nice To Haves

• PhD., Economics, Mathematics, Engineering
• At least 5 years of experience with Energy industry; knowledge in PJM markets would be ideal using statistical tools such as SAS, MATLAB and 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

• Quantitative analytical support for the identification and quantification of risk Exposure
• Provide quantitative analytical support to identify Market Participant trade related risk exposure in relation to PJM manuals and governing Documents.
• Provide quantitative analytical support to identify potential increased risk associated with electric grid, transmission, generation and power flow.
• Forecast Market Participants exposures that impact collateral requirement
• Forecast forwards price utilizing advanced analytical techniques such as Monte Carlo Price Simulations and historical event based scenario analysis to assess potential future exposure and collateral needs.
• Configure and Run commercially available forecasting models, such as PSSE and Dayzer, to capture potential future shocks from fundamental energy market price drivers.
• Conduct in-depth fundamental analysis of the power system, Day-Ahead/Real-Time markets, and Financial Transmission Rights (FTR) markets to generate actionable intelligence, identify emerging vulnerabilities, and support strategic initiatives.
• Oversee the development and maintenance of comprehensive dashboard reporting, drive data mining and processing initiatives.
• Explore and implement opportunities for automation to enhance efficiency and accuracy.
• Collaborate effectively with risk management leadership and cross-functional teams to provide expert guidance on strategic change impacts.
• Communicate complex analytical findings clearly and concisely to both technical and non-technical audiences, including executive leadership.
• Provide technical leadership and mentorship to junior analysts, fostering their development and ensuring the continued advancement of analytical capabilities within the team.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1-10 employees