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Market Analyst - Surveillance & Analysis

ISO New England

Location: Holyoke, MA US
Position Type:
Rqd Education:
Rqd Experience: 2 - 5 years
Date Posted: December 11, 2022
Reference Code: 123764478
This role is with the internal market monitoring (IMM) group in ISO New England. Market monitoring is responsible for protecting both consumers and market participants in the wholesale electricity markets by mitigating the impacts of uncompetitive bidding, identifying and reporting market design issues and market manipulation, and evaluating market performance. In fulfilling this role, we rely on a multidisciplinary team with expertise in economics, financial analysis, engineering, data science and law.

How You Will Make an Impact

As a member of the Surveillance and Analysis team, you will develop a detailed understanding of the workings of the wholesale electricity market. You will provide valuable insight to our team by applying economic principles in your daily monitoring of market outcomes and participant behavior. Working with large and complex data, you will perform in-depth empirical analyses on market performance and report on challenging electricity market issues for both internal and external stakeholders.

*Hybrid work schedule with up to 2 days remote

Your responsibilities will include:

Market Surveillance
  • Continually track market outcomes, identify and explain trends and outliers
  • Design, develop and run screening tools to identify market performance issues, non-compliance with market rules and uncompetitive behavior
  • Identify and source relevant data through research and proactive engagement with colleagues
  • Build data queries and analysis in a programming language
Economic Analysis
  • Scope and perform empirical analysis of market performance, market efficiency and behavior
  • Evaluate current and new market rules changes and recommend enhancements
  • Present complex and technical content to a diverse audience through written reports and presentations
  • Write clear and insightful content, collaborate with colleagues to make connections between report sections
  • Identify market outcomes and market participant behavior that warrants further investigation and analysis
  • Conduct investigations and make referrals to the federal energy regulator
What We Are Looking For
  • Master's Degree in Economics, Finance or Business
  • Experience and/or interest in wholesale electricity markets and the electric industry
  • Excellent written and verbal communication skills; Ability to communicate complex findings and ideas in plain language at an executive, board member, or regulator level
  • Strong quantitative skills with emphasis on analysis using SAS or similar programming language
  • Ability to conduct forensic-like investigations of market outcomes and participant behavior
  • Demonstrated ability to work efficiently and collaboratively with others in a team environment
The position is open to qualified candidates at various levels, ranging from Associate to Senior Analyst. The level depends on a number of considerations, including, but not limited to:
  • experience in a similar role
  • technical proficiency
  • academic background
  • ability to manage and lead projects
  • ability to mentor analysts
  • level of communication and interpersonal skills
Clarity of purpose is the starting point for all success. The ISO's mission, vision, and values define our purpose-these values serve as the cultural cornerstones of theorganization.

Mission: Through collaboration and innovation, ISO New England plans the transmission system, administers the region's wholesale markets, and operates the power system to ensure reliable and competitively priced wholesale electricity.

Vision: To harness the power of competition and advanced technologies to reliably plan and operate the grid as the region transitions to clean energy.

Values: Expertise, Respect, Innovation, Dependability and Collaboration

What We Offer: Located in Holyoke, MA amid the picturesque Pioneer Valley of Western Massachusetts, our employees get the best of both rural and urban living, enjoying day-to-day local community culture and conveniences with drivable access to big city amenities. Our competitive base salaries, performance-driven bonus incentive offering, as well as a variety of health, wellness, and professional development benefits underscore the value we place in our employees. Beyond our comprehensive medical, dental, and vision plans, we encourage continuous learning through our training and tuition reimbursement programs and support work-life balance with flex hours, hybrid work models for most roles, and paid vacation and holidays. Our benefits strive to fulfill the needs of our employees across life's stages, with paid parental time off, health and wellness programs, 401k with company match, and a retirement plan. For the convenience of our employees, we offer complimentary access to our onsite fitness center and a cafeteria with free coffee.

COVID-19 Policy: Employee safety and well-being is a priority at ISO New England. To safeguard our teams and the important work they do, ISO New England has a mandatory COVID-19 vaccination policy.

Equal Opportunity : We are proud to be an EEO/AA employer. Applicants for employment are considered without regard to race, creed, color, citizenship, religion, sex, sexual orientation, marital status, national origin, age, disability, status as a veteran, Vietnam Era Veteran, or being a member of the Reserves or National Guard.

Drug Free Environment: We maintain a drug-free workplace and perform pre-employment substance abuse testing.

Social Networking Notice : ISO New England reserves the right to review the candidate's postings on any social networking site accessible in the public domain as part of the candidate assessment process.

Other details
  • Pay Type Salary
  • Telecommute % 40
About this Employer

Keeping the lights on in New England

We are the independent, not-for-profit corporation responsible for keeping electricity flowing across the six New England states and ensuring that the region has reliable, competitively priced wholesale electricity today and into the future.