Market Design Specialist - Energy Market Design

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 New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future. The NYISO’s Market Structures department invites applications for a full-time Market Design Specialist to join our Energy Market Design team.

The Market Design Specialist will act as a technical expert in the design, modification, and implementation of market rules for the NYISO’s market products. They will work collaboratively with internal and external NYISO stakeholders to facilitate and support the research and design of new market rules and products and develop enhancements to existing market rules and products. They will assist in the development of new business processes, market rules, and tariff changes. The Market Design Specialist will lead the development of business requirements to implement new market designs. They will present proposals for new and evolving market designs and rules to NYISO stakeholders, including internal NYISO staff, senior management, market participants, and others. They will act as the primary point of contact between market participants and internal NYISO stakeholders. They will support project teams with the implementation of market designs.

Successful candidates will be self-motivated professionals who display effective leadership in a team-based environment. They will have prior experience managing multiple competing priorities and vendor relationships. They will be expected to develop a clear understanding of the NYISO’s decision-making process and demonstrate the ability to anticipate and address organizational and team needs. They will possess good judgment, communication, problem-solving and decision-making skills.

ESSENTIAL DUTIES and RESPONSIBILITIES

• Analyze NYISO markets to identify potential market design flaws and opportunities for improvements in both market effectiveness and efficiency. Such analysis will focus on market outcomes as they relate to various system conditions, market participant behavior, reliability needs and public policies.
• Gather, organize, summarize, distribute, and act upon expert feedback from internal NYISO subject matter experts, NYISO consultants, and external stakeholders.
• Analyze market evolution recommendations to determine their feasibility and their potential effectiveness to achieve desired outcomes.
• Lead the development of product-based solutions to problems identified or recognized needs for increased functionality or effectiveness.
• Prepare presentations for and collect information and perspectives from discussions with market stakeholders.
• Prepare market design concept reports including conclusions from analysis and recommendations for solutions.
• Perform assessments and compile results of impacts to New York consumers from new market solutions.
• Facilitate the negotiation of complex rule changes, which often have significant system impacts and may require repeated discussions with stakeholders who have differing interests.
• Fully develop campaign strategies to move controversial solutions through stakeholder discussions.
• Write and review draft tariff modifications, memos to the Board of Directors, and tariff filing letters.
• Frequently interact with and support the business analysts who document detailed business and software requirements in support of the market design implementation.
• Ensure that the market vision, market design documents, annual master plan, and product plans remain current and reflects future design opportunities under consideration.
• Present market design proposals, project statuses, and reports to NYISO senior management.
• Support NYISO Strategic and Business Plan objectives.
• Develop understanding of the NYISO regulatory structure including NYISO governance, NYISO tariffs, agreements and manuals.
• Possess an understanding of the processes used to evolve the NYISO’s market designs and how those evolutions work towards the NYISO Mission and Goals.
• Review, assess and develop summary reports of market design features of other ISO/RTO markets.
• Act as the primary point of contact between market participants, market design, and business owners.
• Represent NYISO in industry forums and conferences as an independent, unbiased source of information on the design and operation of the wholesale markets in New York.
• Support system design and functionality for evolving market designs in order to ensure software and business processes are consistent with the intent of market rule changes.

QUALIFICATIONS:

• Bachelor’s Degree in Engineering, Operations Research, Finance, Economics or other related technical field required. Knowledge of Power Systems Engineering and/or Economics is preferred. Master’s Degree strongly preferred or equivalent combination of education and experience.
• Minimum of two years NYISO experience or three years of energy industry or professional experience, including ISO-specific experience; must have demonstrated understanding of power industry and/or commodity markets; business experience in electric power systems or wholesale electric markets desired; or an equivalent combination of education, training and experience.

CERTIFICATES, LICENSES, REGISTRATIONS

None required.

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 members.
• Ability to work with mathematical concepts such as probability and statistical inference and fundamentals of geometry / trigonometry.
• Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.
• Ability to comprehend and apply principles of advanced calculus, modern algebra and advanced statistical theory.
• Ability to work with concepts such as limits, rings, quadratic and differential equations and proofs of theorems.
• Ability to apply principles of logical or scientific thinking to a wide range of intellectual and practical problems.
• Ability to work with nonverbal symbolism (formulas, scientific equations, graphs, etc.,) in its most difficult phases.
• Ability to work 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 common statistical analysis software programs.
• Ability to concisely summarize and visualize complex data using a multitude of data visualization techniques (graphs, maps, charts, tables, figures, etc.).

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.

At the NYISO, we realize the importance of balancing the availability of remote work with the inherent value of bringing people together to attain success in the areas of maximum collaboration, relationship building and growth, teamwork, innovation and problem solving, as well as professional development and mentoring. In this role, you will be required to work onsite from our Rensselaer, NY location several days per workweek, with the option to work remotely on the remaining days. You will also be expected to respond to all business needs that may require any increase to the regular onsite requirements.

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.

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.

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Salary Range

$80,800—$135,000 USD