Market Associate - Power Trading Analytics

woodmac; Boston (MA); On-site; USD 75,000 - 85,000; Full time

Job summary

Wood Mackenzie seeks a full-time Market Associate to join the Power Trading Analytics team. The role focuses on North American power market fundamentals, price forecasting, asset valuation and strategy.

You will deliver industry-leading short-term outlooks, operate models, and present findings to clients, while mentoring junior staff and improving processes with automation.

Qualifications

• Bachelor's degree in economics, finance, math, stats, or energy-related discipline.
• 2+ years of business or professional work experience.
• Experience in a power or trading vertical.
• Ability to lead and train entry-level associates and analysts.
• Commitment to contributing to an inclusive environment.
• Nice to have Python or Visual Basic experience.

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 including data visualization and power flow applications.
• Communicate current-day/next-day operational and financial risk to asset owners and traders.
• Lead customer trainings and demos on WoodMac Power Trading Analytics products.
• Provide insights on congestion patterns, transmission upgrades, and outages through outlooks.
• Run regional support workbooks daily and improve granularity for team and customers.
• Manipulate large datasets to determine correlations between market drivers and prices.
• Automate critical tasks using macros (VBA/Python) to improve processes.
• Present research projects to ISO desk, managers, and other decision-makers.

Skills

Analytics

Data visualization

Forecasting

Leadership

Education

Bachelor's degree in economics, finance, math, stats, or energy-related discipline

Tools

Python

Visual Basic

Job description

Wood Mackenzie is the global leader in analytics, insights and proprietary data across the entire energy and natural resources landscape.

For over 50 years our work has guided the decisions of the world's most influential energy producers, utilities companies, financial institutions and governments.

Now, with the world's energy system more complex and interconnected than ever before, sector-specific views are no longer enough. That's why we've redefined what's possible with Intelligence Connected.

By fusing our unparalleled proprietary data with the sharpest analytical minds, all supercharged by Synoptic AI, we deliver a clear, interconnected view of the entire value chain. Our trusted team of 2,700 experts across 30 countries breaks siloes and connects industries, markets and regions across the globe.

This empowers our customers to identify risk sooner, spot opportunities faster and recalibrate strategy with confidence - whether planning days, weeks, months or decades ahead.

Wood Mackenzie

Intelligence Connected

WoodMac.com

Wood Mackenzie Brand Video

Wood Mackenzie Values

• Inclusive - we succeed together
• Trusting - we choose to trust each other
• Customer committed - we put customers at the heart of our decisions
• Future Focused - we accelerate change
• Curious - we turn knowledge into action

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.

Nice To Haves

• Preferably to have experience in using programming languages such as Python, Visual Basic, or comparable languages
• Relevant ERCOT, MISO, or SPP experience

The salary range for this position is $75,000- $85,000, 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,