Sr. (Lead Quantitative Analyst ; II

Sr. (Lead) Quantitative Analyst I (II) page is loaded## Sr. (Lead) Quantitative Analyst I (II) locations: Audubon, PA (Remote) time type: Full time posted on: Posted 7 Days Agojob requisition : REQ-#

• * Flexible Work Arrangement:

Remote

• * The Sr. (Lead) Quantitative Analyst is responsible for overseeing PJM's models for credit calculations and to support trade surveillance. Working under the direction of the Manager, Surveillance Simulation, the responsibilities include leading the analytical team to develop modeling to capture the risks of market participant activity 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 simulation models, margin market participants appropriately and make changes governing documents to close any perceived loopholes and ensure efficient markets.

• * Essential Functions:
• ** # Lead quantitative analytical team for simulation modeling:* # Provide quantitative analytical support to identify simulation model enhancements.* # Provide quantitative analytical support to backtest simulation models.* # Maintain a working historical simulation model that will calculate margin requirement for FTR products.* # Conduct ad hoc analysis pertaining to margining of FTR products.* # Develop tools to analyze historical simulation model results.
• # Develop risk controls and reporting to management.* # Interface with stakeholders, management, peers and others and provide expertise in the area of risk modeling.* # 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.* # Technical

Skills: SQL, Matlab, SAS, Alteryx, Statistical & Analysis Software.#

• * Characteristics and

Qualifications: Required:

• ** # Bachelor's degree in Engineering, Mathematics, Economics or equivalent work experience* # 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#
• * Preferred:*** # Master's degree in Engineering, PhD., Economics, Mathematics or Engineering* #

Experience with PJM operations, markets, and planning functions* # Experience using PSS/e (power system analysis program)[](blob:)0:00 / 2:41 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 .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.###

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 which has named PJM one of the best adoption-friendly energy and utility companies in America.

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