Remote Manager, Economic Withholding & Analysis

The New York Independent System Operator (NYISO) manages the efficient flow of electricity on more than 11,000 circuit-miles of high-voltage transmission lines, dispatching power from hundreds of generating units across the state.

The NYISO’s Market Mitigation and Analysis (“MMA”) department invites applications for a full-time Manager in our Economic Withholding & Analysis department.

The NYISO Market Mitigation and Analysis Department is responsible for the implementation of the ISO Market Power Mitigation Measures and working collaboratively with the Market Monitoring Unit, and internal departments to assist the organization’s efforts to carry out its Tariff responsibilities.  The Manager, Economic Withholding & Analysis (EWA) is responsible for supervising and coordinating operation of staff’s review of market data to determine whether market performance is consistent with a competitive market, including trends, efficiency and design.  The Manager will provide technical support for proposed tariff changes and implementation processes, including project functional requirements; support development and implementation of long-term and short-term department plans and assist manager in identifying and developing risk management and process tools.

A successful candidate will effectively align individual goals with the departmental plan, promote employee growth and development, while establishing and consistently maintaining an environment that fosters opportunities for both team and individual achievement.

ESSENTIAL DUTIES and RESPONSIBILITIES

Coordinate activities of staff engaged in administering energy and capacity market economic withholding related provisions of Attachment H of the Market Services Tariff, including:

• Energy Market mitigation performance (DAM and RTM)
• Capacity Market mitigation performance
• ICAP bidding performance.
• ICAP affiliate modeling
• Automated and manual mitigation
• Daily market analysis/reports
• Mitigation analysis and reporting
• Monitoring of Energy, Ancillary Services, Virtual Trading, Transactions, TCC revenue,

Demand Response, Portfolio Analysis and Tracking

• Tool design and daily processing (e.g. Network Manager)
• Market outcome analysis
• Determination of potential impacts
• Mitigation and market performance reports
• Assessment of penalties
• Technical support
• New mitigation process requirements
• Project requirements review & testing.
• FERC, PSC, and MMU data requests
• Consult with MMU as required under Attachments H & O of the Market Services Tariff, and other regulations, where appropriate. Report discrepancies to management.
• Manage Economic Withholding & Analysis staff, including alignment of individual goals with department plan, performance management/reviews, employee growth and development, overall team performance, and training. Establish and consistently maintain an environment that leads to opportunities for team and individual growth.
• Support development of long term and annual objectives and performance targets for the department and identification of measures, initiatives, and action plans to track progress and fulfill department objectives.
• Determine data and resource needs and software requirements for performing market mitigation and conducting market analysis. Acquire and/or develop and maintain core analysis tools necessary to support departmental activities.
• Support documentation of key operational processes and procedures and ensure compliance with departmental controls.
• Support the monitoring of the 8 am Operations Call and provide a written daily summary of this call to the Market Mitigation and Analysis team.
• Suggest modifications to Attachments H & O of the Market Services Tariff to improve competitiveness of the NYISO markets, working in collaboration with other NYISO departments. Evaluate, comment and report on proposed market design and/or software changes, including project functional requirements as needed.
• Participate on internal and external committees, projects and work groups as required. Prepare and present presentations related to market mitigation as needed.
• Comply with NYISO, FERC, NERC, NPCC, PSC and NYSRC relevant policies, rules, and regulations. Provide technical information to fulfill PSC, FERC and other regulatory requests.

Qualifications include:

• Bachelor’s Degree in Electrical Engineering, Economics, Computer Science, Business or related technical field required; Master’s Degree desirable.
• Ten years’ experience including supervision in a combination of the following: power system market analysis, economic modeling, electrical supply or energy industry; or equivalent combination of education, training and experience.

Preferred qualifications:

• Proficiency in market simulation or statistical software technology strongly preferred.

ADDITIONAL REQUIREMENTS

• Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents. Ability to respond to common inquiries or complaints from market participants, regulatory agencies, or members of the business community. Ability to write speeches and articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups and/or board of directors.
• Ability to apply advanced mathematical concepts such as exponents, logarithms, quadratic equations, and permutations. Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory and factor analysis.
• Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems. Ability to deal with nonverbal symbolism (formulas, scientific equations, graphs, etc.,) in its most difficult phases. Ability to deal with a variety of abstract and concrete variables.
• Intermediate competency in Windows operating environment using MS Office applications, e-mail, and internet programs. Proficiency in Business Objects, market simulation and statistical (e.g., SAS) software technology strongly preferred.

PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to talk or hear. The employee frequently is required to stand, walk, sit and use hands to perform routine office tasks. The employee is occasionally required to reach with hands and arms. The employee must occasionally lift and/or move up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

WORK ENVIRONMENT The noise level in the work environment is usually moderate. Contact with staff and public will occur. Travel may be required to attend and/or conduct meetings, conferences, and training. This position may require work on nights, weekends, or holidays.

The NYISO takes pride in recruiting, developing and retaining highly talented individuals. In addition to competitive salaries, we offer a comprehensive benefits package and innovative reward programs.

The NYISO offers the flexibility to work both in the office and remotely, providing our employees with an enhanced work life balance. While the majority of the responsibilities of this role can be performed remotely, in most cases, employees will have periodic on-site requirements based on business needs.

All offers of employment will be made contingent upon the successful completion of a drug screening and background check.

The NYISO is an Equal Opportunity Employer and as such, does not discriminate in its hiring or employment practices.

Salary Range

$111,200—$192,800 USD