Sr. (Lead) Quantitative Analyst I (II)
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Job Location:
Audubon, PA - USA
Monthly Salary:
Not Disclosed
Posted on:
7 days ago
Vacancies:
1 Vacancy
Job Summary
*Flexible Work Arrangement: Hybrid or Remote*
PJM Interconnection seeks a highly analytical and detail-oriented Quantitative Analyst to join the Model Validation team. This role supports the integrity of PJMs market-clearing and reliability models by conducting independent validations performance testing and analytical reviews of models used in the Electricity Energy markets.
Essential Functions:
Validate stochastic and deterministic models related to energy market forecasting price formation reliability assessment capacity planning and risk management.
Develop and implement statistical testing and back-testing frameworks to assess model accuracy stability and robustness.
Collaborate with modeling teams to ensure models adhere to internal governance frameworks regulatory standards (e.g. FERC NERC) and best practices.
Analyze large datasets using Python or R to support validation work identify anomalies and recommend improvements.
Document validation procedures assumptions test results and model limitations in compliance with PJMs Model Risk Management standards.
Assist in stress testing scenario analysis and performance monitoring for models.
Communicate findings to senior management model developers and stakeholders.
Stay abreast of changes in market design statistical methods machine learning techniques and regulatory guidance affecting model use.
Characteristics & Qualifications:
Required:
Masters Degree in Statistics Engineering Economics Mathematics 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:
Statistics Engineering Economics Mathematics or equivalent work experience
Experience with PJM operations markets and planning functions
Experience using PSS/e (power system analysis program)
Required Experience:
Senior IC
Key Skills
- Administrative Skills
- Facilities Management
- Biotechnology
- Creative Production
- Design And Estimation
- Architecture
About Company
PJM works behind the scenes to keep the power flowing for 65 million people in 13 states and the District of Columbia. PJM is a neutral, regulated organization that directs the operation of power lines and generators for many different owners. PJM acts as an agent to provide fair acce ... View more
