Market Analyst II/Senior Market Analyst - ReqCode MDS201112434

MISO is an essential link in the safe, cost-effective delivery of electric power across much of North America. MISO is committed to reliability, the nondiscriminatory operation of the bulk power transmission system, and to working with all stakeholders to create cost-effective and innovative solutions for our changing industry.
MISO is committed to creating a diverse environment and is proud to be an equal opportunity employer.
For more information please visit our website at: https://www.misoenergy.org/ABOUTUS/CAREERS/Pages/JobSearch.aspx
SUMMARY OF RESPONSIBILITIES
Evaluate overall market performance, efficiency, behaviors, and the impact of market rules. Analyze and provide support for data evaluations of market structures, outcomes, and the periodic reporting of market status and results. Assess the effects that modeling decisions, market algorithms, and software implementation have on market outcomes and the ability of MISO to accurately follow tariff requirements. Develop methods and systems for evaluating effects that existing processes have on market efficiency and prices. Develop improvements to the market processes that are hindering the achievement of market efficiency. Conduct analysis and testing on proposed modifications to existing or new design to correct identified deficiencies.
ESSENTIAL JOB FUNCTIONS
* Perform engineering, statistical and economic analysis on market operations, participant activities, pricing, demand-supply discrepancies, market failure, market anomalies and market design.
* Propose, develop, and evaluate new wholesale electricity market design initiatives.
* Develop economic and operating data assumptions.
* Investigate and make improvements to market models and algorithms.
* Perform market analysis, including power market simulations.
* Provide economic analysis for market designs, develop key market performance indicators, evaluate market conditions, and perform price analysis.
* Assess the compliance of MISO market systems with tariff requirements and propose changes to the systems and tariff to improve compliance.
* Perform statistical and economic studies of the models and algorithms used to clear electricity markets to identify anomalous or inefficient market outcomes with respect to attributes such as price signals, competition and cost causation
* Maintain compliance with market rules and business practices.
* Support and serve on internal and external committees, task forces, and working groups.
* Produce periodic reports on market results, trends and statistics.
* Examine data within area of responsibility in which results are less predictable.
* Evaluate moderately low risk problems and identify solutions or alternatives.
* Use analytical techniques like critical and conceptual thinking to objectively analyze a situation, evaluate the pros, cons, and implications of multiple courses of action.
* Apply analysis of issues or situations to accomplish daily work and recommend courses of action.
* May make decisions on actions under guidance from project leader, supervisor or manager that affects the team.
* Analyze and recommend resource needs for short term assignments.
* Compliance with all processes, procedures, and standards applicable to the position including (but not limited to): SSAE16 (Statement on Standards for Attestation Engagements No. 16), CIP (Critical Infrastructure Protection), Change Management, Tariff (Open Access Transmission, Energy and Operating Reserve Markets Tariff), FERC (Federal Energy Regulatory Commission), NERC (North American Electric Reliability Corporation), ... To view the rest of this job posting or to apply for this position please click the APPLY NOW button