Lead Market Monitor

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
• Hybrid working environment for positions that are eligible where employees have the flexibility to work from home 50% of the time
• 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 Monitor is responsible for performing analysis of the SPP energy and transmission services markets in support of monitoring for and prevention of market power abuse and market manipulation. The Monitor is also responsible for evaluating market rules and market performance to ensure markets are efficient and effective. Interaction with real-time operations requires rotating on-call responsibilities with other Monitors within the department. The multi-disciplinary structure of the group requires effective teamwork to achieve desired results. The position also interacts with SPP internal departments, senior management, regulatory staff and market participants while maintaining independence.   

Lead Market Monitors are expected to manage and prioritize individual work effort and support team efforts in the development of metrics, analysis, reports and responses to inquiries with minimal supervision, and initiate new and unique analysis and reports depending on the experience of the monitor.

The position will share responsibility, within the Market Monitoring Unit, for the market monitoring functions and obligations related to the Integrated Marketplace (IM) and the Western Energy Imbalance Service (WEIS) Market.  This will require supporting committees and working groups for both markets.

Essential Functions 

• Analyze and review market data for indications of market power abuse and market manipulation through the development of ad hoc analysis and routine reports
• Analyze and review market data and operational decisions for indications of market design concerns
• Analyze and review market data and operational decisions for compliance with market rules
• Document investigations and studies in written reports
• Coordinate and communicate with SPP market participants, member companies, and the FERC about market issues while maintaining independence
• Constructively engage SPP RTO staff in development of reports and procedures to identify and prevent problems and concerns while maintaining independence
• Design, develop, and implement new metrics and reports
• Monitor data and reports as part of the Market Monitoring on-call rotation
• Provide technical support to a supervisor or manager in the constructive engagement with SPP committees and working groups
• Lead and/or participate in discussions and give presentations representing the opinion of the MMU at SPP committees and working groups while maintaining independence
• Lead the development of comments representing the opinion of the MMU for revision requests and FERC filings.
• Facilitate MMU interaction with SPP internal and external team/group meetings
• Adhere to and enforce all SPP policies and procedures
• Maintain flexibility and ability to function with constantly changing and multiple priorities
• Practice good organizational skills
• Promote training and development activities for other staff members
• Independently initiate projects, analysis, new reports

The statements contained herein describe the scope of the responsibility and essential functions of this position, but should not be considered to be an all-inclusive listing of work duties and responsibilities. Individuals may perform other duties as assigned including work in other areas to cover absences, or relief to equalize peak work periods or otherwise balance the workload. 

Qualifications 

Education Requirements:

• Bachelor’s degree in economics, math or other related field; three (3) years of job-related experience