NYISO
Market Design Specialist (Capacity and New Resource Integration)
NYISO, Troy, New York, United States
Overview
The Market Design Specialist (Capacity and New Resource Integration) at NYISO acts as a technical expert in the design, modification, and implementation of market rules for NYISO’s market products. The role involves collaborating with internal and external stakeholders to support research and design of new market rules and products, developing enhancements to existing market rules and tariff changes, and leading the development of business requirements to implement new market designs. The Specialist presents proposals to NYISO stakeholders and serves as the primary point of contact between market participants and internal NYISO teams, supporting project teams with market design implementation. The NYISO’s Market Structures department invites applications for a full-time Market Design Specialist to contribute to the reliability and efficiency of New York’s electricity markets. Successful candidates are self-motivated professionals who demonstrate leadership in a team-based environment, manage multiple priorities and vendor relationships, and understand NYISO’s decision-making processes. Strong judgment, communication, problem-solving, and decision-making skills are essential. Essential Duties and Responsibilities
Analyze NYISO markets to identify market design flaws and opportunities to improve effectiveness and efficiency, focusing on market outcomes under varying system conditions, participant behavior, reliability needs, and public policies. Gather, organize, summarize, distribute, and act upon expert feedback from internal subject matter experts, NYISO consultants, and external stakeholders. Analyze market evolution recommendations for feasibility and potential effectiveness in achieving desired outcomes. Lead the development of product-based solutions to identified problems or needs for increased functionality or effectiveness. Prepare presentations and collect information from discussions with market stakeholders. Prepare market design concept reports including conclusions and recommendations for solutions. Assess and compile results of impacts to New York consumers from new market solutions. Facilitate negotiations of complex rule changes with stakeholders who may have differing interests. 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. Interact with and support business analysts who document detailed business and software requirements for market design implementation. Ensure market vision, market design documents, annual master plan, and product plans stay current and reflect future opportunities. 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, tariffs, agreements, and manuals. Understand processes used to evolve NYISO’s market designs and how evolutions align with NYISO Mission and Goals. Review, assess, and develop summary reports of market design features in 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 wholesale market design and operation in New York. Support system design and functionality to ensure software and business processes align with market rule changes. Qualifications
Bachelor’s Degree in Engineering, Operations Research, Finance, Economics or other related technical field. Knowledge of Power Systems Engineering and/or Economics is preferred. Master’s Degree strongly preferred. Minimum of two years NYISO experience or three years of energy industry or professional experience, including ISO-specific experience. 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. Additional Requirements
Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents. Ability to respond to 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, statistics, and fundamentals of geometry/trigonometry. Ability to apply 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 logical or scientific thinking to a wide range of problems. Ability to work with nonverbal symbolism (formulas, graphs, etc.) in difficult phases and with a variety of abstract and concrete variables. Intermediate competency in Windows and MS Office; proficiency in common statistical analysis software; ability to summarize and visualize complex data using graphs, maps, charts, tables, and figures. Physical Demands
While performing the duties of this job, the employee is regularly required to talk or hear, stand, walk, sit, and use hands to perform routine office tasks. Occasional lifting up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Work Environment
The work environment is usually moderate in noise. Travel may be required for meetings, conferences, and training. This position may require work on nights, weekends, or holidays. The NYISO supports a balance of onsite and remote work; this role requires onsite presence at our Rensselaer, NY location several days per week with the option to work remotely on remaining days. The NYISO is an Equal Opportunity Employer. All offers of employment are contingent upon successful completion of a drug screen and background check. Salary Range: $78,500 - $131,100 USD
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The Market Design Specialist (Capacity and New Resource Integration) at NYISO acts as a technical expert in the design, modification, and implementation of market rules for NYISO’s market products. The role involves collaborating with internal and external stakeholders to support research and design of new market rules and products, developing enhancements to existing market rules and tariff changes, and leading the development of business requirements to implement new market designs. The Specialist presents proposals to NYISO stakeholders and serves as the primary point of contact between market participants and internal NYISO teams, supporting project teams with market design implementation. The NYISO’s Market Structures department invites applications for a full-time Market Design Specialist to contribute to the reliability and efficiency of New York’s electricity markets. Successful candidates are self-motivated professionals who demonstrate leadership in a team-based environment, manage multiple priorities and vendor relationships, and understand NYISO’s decision-making processes. Strong judgment, communication, problem-solving, and decision-making skills are essential. Essential Duties and Responsibilities
Analyze NYISO markets to identify market design flaws and opportunities to improve effectiveness and efficiency, focusing on market outcomes under varying system conditions, participant behavior, reliability needs, and public policies. Gather, organize, summarize, distribute, and act upon expert feedback from internal subject matter experts, NYISO consultants, and external stakeholders. Analyze market evolution recommendations for feasibility and potential effectiveness in achieving desired outcomes. Lead the development of product-based solutions to identified problems or needs for increased functionality or effectiveness. Prepare presentations and collect information from discussions with market stakeholders. Prepare market design concept reports including conclusions and recommendations for solutions. Assess and compile results of impacts to New York consumers from new market solutions. Facilitate negotiations of complex rule changes with stakeholders who may have differing interests. 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. Interact with and support business analysts who document detailed business and software requirements for market design implementation. Ensure market vision, market design documents, annual master plan, and product plans stay current and reflect future opportunities. 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, tariffs, agreements, and manuals. Understand processes used to evolve NYISO’s market designs and how evolutions align with NYISO Mission and Goals. Review, assess, and develop summary reports of market design features in 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 wholesale market design and operation in New York. Support system design and functionality to ensure software and business processes align with market rule changes. Qualifications
Bachelor’s Degree in Engineering, Operations Research, Finance, Economics or other related technical field. Knowledge of Power Systems Engineering and/or Economics is preferred. Master’s Degree strongly preferred. Minimum of two years NYISO experience or three years of energy industry or professional experience, including ISO-specific experience. 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. Additional Requirements
Ability to read, analyze and interpret common scientific and technical journals, financial reports and legal documents. Ability to respond to 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, statistics, and fundamentals of geometry/trigonometry. Ability to apply 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 logical or scientific thinking to a wide range of problems. Ability to work with nonverbal symbolism (formulas, graphs, etc.) in difficult phases and with a variety of abstract and concrete variables. Intermediate competency in Windows and MS Office; proficiency in common statistical analysis software; ability to summarize and visualize complex data using graphs, maps, charts, tables, and figures. Physical Demands
While performing the duties of this job, the employee is regularly required to talk or hear, stand, walk, sit, and use hands to perform routine office tasks. Occasional lifting up to 15 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Work Environment
The work environment is usually moderate in noise. Travel may be required for meetings, conferences, and training. This position may require work on nights, weekends, or holidays. The NYISO supports a balance of onsite and remote work; this role requires onsite presence at our Rensselaer, NY location several days per week with the option to work remotely on remaining days. The NYISO is an Equal Opportunity Employer. All offers of employment are contingent upon successful completion of a drug screen and background check. Salary Range: $78,500 - $131,100 USD
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