Senior Engineer Markets Research and Development

Midcontinent Independent System Operator (MISO); Carmel (IN); On-site; USD 131,000 - 156,000; Full time

Benefits offered by this job

401k

Vacation time

Sick time

Safe time

Job summary

Midcontinent Independent System Operator (MISO) seeks a Markets Research and Development Senior Engineer to shape the future of electricity markets and grid operations. You will collaborate with engineers, analysts, and operators to apply engineering and operations research techniques, building prototypes and models that drive informed decisions across the organization.

You will gather data from multiple sources, develop algorithms, and present insights to internal stakeholders and external

Qualifications

• Bachelor’s degree in electrical, computer, or related engineering. Master’s/PhD preferred.
• Experience in electricity market design, operations, or research and development; market analysis or system planning in energy.
• Understanding of electricity market principles, tariffs, and NERC/FERC compliance.

Responsibilities

• Apply engineering and operations research techniques to analyze electricity markets and grid operations.
• Develop and maintain computer models, run simulations, and analyze results to support decision-making.
• Preprocess and analyze energy market and infrastructure data from multiple sources.
• Develop algorithms using optimization, control theory, and analytics to create innovative solutions.
• Document findings through reports, charts, and presentations for stakeholders.
• Collaborate with market design, operations, and external partners to mature concepts into production-ready solutions.

Skills

Power engineering

Operations research

Optimization algorithms

Mathematical modeling

Data analysis

Education

Bachelor’s degree in electrical/computer engineering

Master’s degree or PhD preferred

Tools

Power system modeling tools

Simulation software

Optimization software

Job description

Shape the Future of Energy as a Markets Research and Development Senior Engineer!

Are you passionate about tackling complex challenges in electricity markets, operations, and infrastructure systems? As MISO’s Markets Research and Development Senior Engineer, you will work closely with engineers, analysts, and operators across the organization, applying engineering and operations research techniques to develop prototypes and drive data-informed decisions that support how electricity markets and grid operations function. You’ll use analytical and engineering techniques to evaluate electricity market changes and impacts, support data-driven decisions, and share findings with partners across the business. Join the MISO Markets Research and Development team and be at the forefront of transformative solutions for the electricity industry!

As MISO’s Markets Research and Development Senior Engineer, you will:

• Apply power engineering or operations research techniques to analyze complex data, evaluate multiple solutions, and recommend actions.
• Develop and maintain computer modeling tools, execute simulations, and analyze results to support decision-making.
• Gather, preprocess, and examine energy market or infrastructure data from multiple sources to drive accurate analysis and reporting.
• Utilize advanced optimization, power engineering, control theory, and analytical techniques to develop algorithms and innovative solutions.
• Clearly document findings through reports, charts, and presentations to communicate insights effectively and accurately.
• Collaborate with MISO business teams, university researchers, and national lab partners to develop innovative solutions using simulations and analysis.
• Partner with market design, operations, internal stakeholders, and external research organizations to advance solutions from concept to further development and production, delivering strategic and measurable value to MISO processes and members.

To be successful as our Markets Research and Development Senior Engineer you should have:

• At least 4 years of relevant work experience, with a Bachelor’s degree in electrical engineering, computer engineering, electrical engineering technology, electrical and computer engineering, electrical and electronic engineering, or electronics and computer engineering technology (or a related degree and an additional 2+ years of internal experience).
• Master’s or PhD preferred.
• Specific experience within any of the following: electricity market design, operations, or research and development; electricity market analysis; or system planning and development in the energy industry (required).
• Previous design and development of software systems for electricity markets experience (preferred)
• Understanding of electricity market principles , including electricity market tariffs, industry regulations, and NERC/FERC compliance requirements, with the ability to apply this knowledge to real-world market and operational challenges.
• Experience in quantitative analysis, optimization algorithms, and mathematical modeling to represent complex engineering and economic systems and support data-driven decision-making.
• Hands-on experience with power system modeling, simulation, and advanced analytics , integrating complex datasets from multiple sources to evaluate scenarios and outcomes.

Appropriate level will be determined based upon experience and knowledge.

Transformative innovation is happening in the electric industry, from digitalizing homes and distributed resources to renewable energy and an ever-changing grid. MISO manages the electricity superhighway in the Central U.S. and through use of groundbreaking research and advanced technology, our highly skilled employees ensure power flows reliably to 45 million Americans. Operating the electricity grid, running a robust energy market, planning for a bright future – it’s what our immensely hardworking and dedicated team does every day.

The base salary compensation range being offered for this role is $131,000 - $156,000 USD annually. Base salary range for this position is included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, and qualifications/experience.

Position is also eligible for an annual bonus if individual performance and company objectives are met. At MISO we offer a comprehensive benefits package, including 401k, vacation, sick and safe time, available on your first day of employment.