PJM Interconnection

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

Audubon, PA

full_time

About This Job

Flexible Work Arrangement: Hybrid

PJM Interconnection seeks a highly analytical and detail-oriented Quantitative Analyst

to join the Model Validation team. This role supports the integrity of PJM's 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 PJM’s 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.

Required Characteristics & Qualifications:

•

Master's 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

•

PhD. in Statistics, Engineering, Economics, Mathematics or equivalent work experience

•

Experience with PJM operations, markets, and planning functions

•

Experience using PSS/e (power system analysis program)

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

About This Job

Flexible Work Arrangement: Hybrid

Required Characteristics & Qualifications:

Preferred

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