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Sr. (Lead Quantitative Analyst ; II
Job in
Audubon, Montgomery County, Pennsylvania, 19407, USA
Listed on 2026-03-03
Listing for:
PJM
Full Time
position Listed on 2026-03-03
Job specializations:
-
Finance & Banking
Data Scientist, Mathematics -
Engineering
Mathematics
Job Description & How to Apply Below
Location: Audubon
* 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.
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
- 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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