Market Analyst

The electrical grid is the largest and most complicated machine ever built, on top of which exists a complex marketplace of buyers and sellers of electricity and related products. The Internal Market Monitor (IMM) uses large amounts of New England energy market and electrical grid data to identify anomalous behavior, investigate unexpected events, and guard against uncompetitive market outcomes – simply put, to solve real-world problems and make a difference.

How You Will Make an Impact
As a Market Analyst, you will apply your research, analytical, writing, inter-personal, and coding skills to implement market power mitigation rules, identify anomalies, understand and report on market events. You will get unique insight into how the grid is evolving to incorporate emerging, clean technologies (such as battery storage, wind and solar) and how ISO New England is rising to meet the challenges of this transition. You will learn how power plants operate from engineering and business strategy perspectives, and to use the lens of a “bad actor” to identify exploitable gaps in market rules. As a jack-of-all-trades, you will interact with market participants, conduct financial analysis, develop tools and data visualizations to screen for irregular and non-compliant behavior, and communicate your findings in writing and presentations.

Don’t worry, you will not be alone! In fulfilling this role, you will be supported by a hard-working and collaborative team with expertise in economics, financial analysis, engineering, data science and law.

• Paid participation in the on-call rotation, which includes some weekend on-call duties
• Hybrid work schedule with up to 2 days remote

Primary Responsibilities

• Analyze large datasets of market information
• Build tools and visualizations to identify tariff violations, market manipulation, and provide real-time situational awareness of markets
• Develop and use financial and engineering models to evaluate generator offers
• Perform due diligence of financial statements and models used by generators seeking to enter or exit the capacity market

What we are looking for (some combination of the following)

• Bachelor’s degree in Economics, Finance, Engineering, Business Administration or related field. Masters level is a plus.
• Experience or interest in wholesale electricity markets or in the electric utility industry
• Experience with Excel, SAS, R, SQL or other software to analyze large data (desirable)
• Knowledge of costs across the power plant asset life cycle (desirable)
• Experience with asset optimization, power and/or natural gas trading, financial transmission rights
• Financial analysis skills: understanding discounted cash flow models and techniques
• Demonstrated ability to work efficiently and collaboratively under tight deadlines
• Strong communication skills; ability to convey technical concepts to a broad audience

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, and
• 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 the organization.

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.