Market Associate - Power Trading Analytics at Wood Mackenzie in Boston, US

Job description

• We are looking for a full-time Market Associate, to join Wood Mackenzie’s Power Trading Analytics (PTA) team. The team’s research spans North American power market fundamentals and price forecasting to asset valuation and strategy that comprises some of the most highly utilized data, reports, and insights across Wood Mackenzie.
• Our broad industry knowledge and deep understanding of the North American power market are unparalleled and help our clients succeed during the energy transition. The Market Associate will have a strong background in analytics and growing expertise within the power industry.
• About you and how you can excel in this role Wood Mackenzie’s PTA team comprises industry experts who are detail-oriented, intellectually curious, commercially savvy, and comfortable presenting to clients.
• Your interest in fundamental power market research proves you hold these characteristics and are comfortable taking complex, disparate ideas and distilling them into simple, actionable analytics.
• The Market Associate will serve as the driving force in the delivery of industry-leading short-term power outlooks based on a blend of proprietary and public data.

Responsibilities

• Participate in and lead the daily operational tasks with the Market Associate/Analyst group
• Ensure high-quality forecasts and analytics are provided to customers from the entire team
• Operate models and support tools daily that include spatial, data visualization, and power flow applications to identify and solve problems in the power industry-specific to an ISO market.
• Responsible for understanding and communicating Current-day/Next-day operational and financial risk to Asset owners, traders, retailers, etc. transacting in the markets daily, to assist them in making asset optimization decisions.
• Facilitate daily customer calls, talking asset owners, traders, retailers, etc. through their market questions and expectations. Lead customer trainings and demos on WoodMac Power Trading Analytics products
• Provide insights and risks associated with longer-term congestion patterns, transmission upgrades, and outages through quarterly seasonal outlooks.
• Ownership of initiatives related to efficiencies and products outside of routine daily operational tasks
• Run regional support workbooks daily and continuously improve the level of granularity provided to the team and customer.
• Manipulate large datasets and determine correlations and relationships between potential market drivers, prices, and events.
• Improve current processes by automating critical tasks using macros (visual basic/Python)
• Present the team’s ISO desk, lead, managers, and other decision-makers with research projects/presentations, memos, or reports on market-relevant topics as requested and advise on the effects of various courses of action relevant to specific problems.

Requirements

• Bachelor’s degree in economics, finance, math, stats, or energy-related discipline
• Previous experience in a power or trading vertical
• 2+ years of business or professional work experience
• Ability to lead and train entry-level associates and analysts
• You are committed to contributing to a welcoming and inclusive environment, are sensitive to diverse perspectives, and are passionate about equity in the workplace.
• Preferably to have experience in using programming languages such as Python, Visual Basic, or comparable languages
• Relevant ERCOT, MISO, or SPP experience

Skills

Required

• Strong background in analytics
• Detail-oriented
• Intellectually curious
• Commercially savvy
• Comfortable presenting to clients
• Sensitive to diverse perspectives
• Passionate about equity in the workplace

Preferred

• Relevant ERCOT, MISO, or SPP experience

Benefits

• The salary range for this position is $70,000- $90,000, which represents base pay only and does not include short-term incentive compensation or commission. When determining base pay, as part of a final compensation package, we consider several factors such as location, experience, qualifications, and training. This base salary maps to the Boston Location.