Principal - Market Design Analysis

JOB SUMMARY

Creates and communicates visionary studies to guide ERCOT into the future. Creates and communicates a vision which anticipates, identifies and explains challenges and opportunities that the company will encounter on its path to success. Develops approaches, processes and solutions that allow the company to maximize its effectiveness and progressively achieve higher levels of achievement. Expands the company’s capabilities and innovation in engineering or information technology. Exerts technical influence across the enterprise to increase productivity and effectiveness.

JOB DUTIES

• Recognized as a subject matter expert, possessing specialized advanced technical skills and competencies. Frequently contributes to the development of new theories and methods using knowledge gained through wide-reaching experiences.
• Employs highly-developed problem resolution skills and expertise as a generalist or specialist using professional concepts and ERCOT objectives to resolve complex issues in creative and effective ways. Exerts significant latitude in determining objectives of assignment. Exercises judgment in selecting methods, techniques and evaluation criteria for obtaining results.
• Wide latitude for decisions within area of expertise; impact generally extends beyond the department. Often advises and leads the work of lower level employees.
• Could perform in a program/project leadership role requiring the ability to develop and lead matrixed teams. Interacts with management and senior customers on matters requiring coordination across organizational lines.

ADDITIONAL JOB DUTIES

• Responsible for leading strategic projects
• Representing ERCOT on panels, committees and advisory boards
• Develops and maintains both formal and informal human networks to gather information, coordinate action and build cooperation with both internal and external groups
• Represents the company at outside gatherings like conferences, seminars and public hearings
• Delivers presentations and addresses at industry and marketplace events
• Plans, directs and coordinates all activities pertaining to the projects required to implement a nodal market as outlined in the approved protocols by the PUCT 
• Determines what risks and issues need to be brought to upper management attention for action and provide them background information and options for addressing those risks and issues
• Leads complex risk analyses and prepare reviews and reports to support Enterprise Risk Management (ERM) programs and initiatives, including reporting to various leaders and senior executives
• Collaborates with ERM team members and business units on a variety of projects with a focus on risk identification and quantification. Conduct and lead economic, market and industry research and analysis to support ERM programs and initiatives
• Works with business groups on development and implementation of risk mitigation strategies, improvement of risk management processes and analyses, and implementation of ERM requirements
• Drives the identification of emerging and future risks and development of possible mitigations
• Contributes to and develops Enterprise Architecture Strategy
• Mentors the Enterprise Architects to ensure ERCOT maintains a strong core of technology awareness in the EA team
• Lays out the framework for architectural strategies for IT infrastructure and business applications
• Maintains the corporate project roadmap
• Works with project sponsors and business owners validate requirements, costs, and benefits of projects ensuring consistency in prioritization across business units
• Educates IT and business groups on ERCOT’s enterprise-wide approach to IT solutions and integration opportunities
• Applies in-depth knowledge of business and IT to validate the cost-benefit analysis of IT initiatives
• Provides critical analysis of current and future architectural and business direction
• Advises, recommends and justifies critical architecture decisions to management and senior staff
• Performs other duties as assigned

EXPERIENCE

• Requires minimum 10 years job related work experience in excess of degree requirements
• 8-10 years of relevant experience in a quantitative field (Preferred)
• Requires minimum of 10 years in wholesale electric or bulk power markets
• Requires minimum of 10 years in directing large technology projects
• Excellent understanding of basic financial concepts and metrics, including financial statement analysis
• Excellent quantitative analysis and modeling skills are preferred, in addition to significant experience in an analytical capacity
• Very strong understanding of the electricity industry and associated risk

EDUCATION

• Bachelor's Degree : Engineering, Computer Science, or related discipline (Required)
• Master's Degree : Engineering, Computer Science, or related discipline (Preferred)
• or a combination of education and experience that provides equivalent knowledge to a major in such fields is required

The foregoing description reflects the minimum qualifications and the essential functions of the position that must be performed proficiently with or without reasonable accommodation for individuals with disabilities. It is not an exhaustive list of the duties expected to be performed, and management may, at its discretion, revise or require that other or different tasks be performed as assigned. This job description is not intended to create a contract of employment with ERCOT. Both ERCOT and the employee may exercise their employment-at-will rights at any time.
 

ERCOT is firmly committed to equal employment for all qualified persons without regard to race, sex, medical condition, religion, age, creed, national origin, citizenship status, marital status, sexual orientation, physical or mental disability, ancestry, veteran status, genetic information or any other protected category under federal, state or local law.

Expected Salary Range:

$165,791 - $281,818