(Sr. / Lead) Quantitative Analyst I (II)

Flexible Work Arrangement : Hybrid

The (Sr. / Lead) Quantitative Analyst I (II) is responsible for overseeing PJM's quantitative analytical efforts to support trade surveillance. Working under the direction of the Manager, Trade Surveillance, the responsibilities include leading the analytical team to develop behavioral modeling to capture the impact of PJM's strategic decisions that market participants could make to influence prices and increase their profits, developing potential cross product manipulations scenarios 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 governing documents to close those perceived loopholes and ensure efficient markets.

Essential Functions :

• Lead quantitative analytical team for the identification of trade manipulation activity :
• Provide quantitative analytical support to identify trade manipulation associated with existing market rules
• Provide quantitative analytical support to identify trade manipulation possibilities associated with new market rules
• Create scenarios around trading activity and develop indicators of potential trade manipulation activity
• Potential Future Exposure (PFE) and Potential Future Collateral (PFC) :
• Forecast forward price projections using advanced analytical techniques such as power flow simulations and historical price analysis to assess future exposure and collateral needs
• Develop models to capture future shocks in fundamental energy market price drivers
• Interface with stakeholders, management, peers and others and provide expertise in the area of trading risk
• 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 : Production cost simulation software skills, statistical software skills

Characteristics & Qualifications :

Required :

Preferred :