Market Design Engineer Senior, Senior II or Lead- Remote Eligible

Southwest Power Pool (SPP) is about more than power. We’re about the power of relationships. Our employees have the opportunity to work together to ensure electricity is delivered reliably and affordably to the millions of people living in our service territory. We have been voted one of Arkansas’ Best Places to work by Arkansas Business and we are looking for a member of our team who is passionate about our mission to keep the lights on!

We have a core ideology here at SPP that we stand by: Do the right thing, for the right reason, in the right way.

We believe in supporting our employees through a fantastic benefits package:

• Competitive pay with bonus opportunities
• Excellent insurance package including three great medical plans to choose from, employer-paid short term disability, long term disability, and life insurance
• Relocation assistance
• Flexible working environment for positions that are eligible where employees have the flexibility to work from home and come in where collaborative in person work is needed.
• Fantastic contributions to your retirement through a 401(k) savings plan with employer-match benefits and a defined benefit plan fully funded by SPP

Overview

The Market Design Engineer is responsible for understanding the current market design, and analyzing the impact of design modifications.  This position supports the Market Working Group by facilitating market design changes through the SPP stakeholder process, and performing market analysis to resolve market issues.  

This position will interact with multiple working groups in support of market design changes and issues. The Senior Engineer will work closely with SPP Operations, Legal, Regulatory, Settlements, and Congestion Hedging departments to assure that the implemented software and processes are consistent with the market design.   This position will work with market participants, vendors, FERC, and other RTOs/ISOs in setting market policy.

This position will share responsibility, within the Market Design team, for facilitating discussion, design changes and providing market analysis for the Western Energy Imbalance Service (WEIS) Market and other Western Markets efforts. This will require supporting both the Western Market Executive Council (WMEC) and other working groups within the WEIS purview. This position will share responsibility for coordinating market design changes and analysis between the WEIS and the SPP Integrated Marketplace.

The Market Design Engineer is expected to manage individual work effort, initiate market analysis and market changes, develop market metrics, and create market reports.  This position is responsible for facilitating internal and external discussion to resolve market issues, and presenting market design changes to various SPP stakeholder committees and working groups.

Essential Functions

• Understand the Company’s market rules and apply the knowledge to key business functions.
• Coordinate and communicate with SPP market participants and member companies regarding market design.
• Independently recommend market design changes to management and facilitate market design changes through the SPP stakeholder process.
• Provide technical expertise to SPP committees and working groups.
• Support FERC filings through providing data, and assist in drafting testimony and filing letters.
• Analyze and review market data for indications of market weaknesses through the development of adhoc analysis.
• Research and analyze the design of other RTOs/ISOs markets.
• Document analysis and studies in written reports and communicate results to internal and external stakeholders.
• Review and develop education materials related to the market design and support the training and development of junior-level market design staff.

 

Qualifications

Education Requirements:

Bachelor of Science in Engineering, this degree should:

• Be from a university that meets the requirements to sit for the Professional Engineering exam (in Arkansas, that is most typically a degree from an ABET accredited university or a graduate degree from a college that has an ABET accreditation),
• Degree should be in a calculus-based engineering field and preferred degree programs are Electrical Engineering, Computer Engineering, Industrial Engineering, Mechanical Engineering, or Systems Engineering

Experience Requirements:

• Senior Engineer - 5 years of relevant Engineering experience, Professional Engineer License may satisfy one year of experience requirement.
• Senior Engineer II - 9 years of relevant Engineering experience; Professional Engineer License or Advanced deg