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Sr. (Lead Quantitative Analyst ; II
Job in
Audubon, Camden County, New Jersey, 08106, USA
Listed on 2026-02-17
Listing for:
PJM Search
Full Time
position Listed on 2026-02-17
Job specializations:
-
Finance & Banking
Data Scientist -
Engineering
Job Description & How to Apply Below
* Flexible Work Arrangement:
Hybrid or Remote
* 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.
Characteristics &
Qualifications:
Required:
* 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)
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