Sr. (Lead) Engineer I (II)

PJM Interconnection•Audubon, PA

22h•Hybrid

About The Position

The Sr. (Lead) Engineer is responsible for overseeing PJM's quantitative analytical efforts to support trade and credit risk functions. PJM employees work collaboratively to maintain the reliability of North America’s largest centrally dispatched electric grid and to operate one of the world’s largest competitive wholesale electricity markets. We seek talented candidates who thrive in a diverse, challenging and creative environment where they have opportunities to grow, learn new skills and build a career. Learn more about PJM by visiting the Learning Center. Discover your potential at PJM Interconnection, an energy industry leader dedicated to diversity and inclusion. We appreciate the unique contributions of individuals from all walks of life and strive to create an inclusive and nurturing environment where everyone can excel. Diversity includes everyone at PJM! If you're seeking a dynamic and supportive workplace that values innovation and creativity, we invite you to explore opportunities with our team.

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.

Benefits

Medical, vision and dental insurance
401(k) plan with 100% employer match up to 5% of salary
Non-elective 401(k) employer contribution
Vacation and paid holidays
Tuition reimbursement
Life insurance
Accidental death and dismemberment insurance
Short-term and long-term disability coverage
Business travel and accident insurance
Child day care referral program
Employee assistance program
Adoption benefits recognized by the Dave Thomas Foundation for Adoption, which has named PJM one of the best adoption-friendly energy and utility companies in America.