Market Analyst - Power Trading

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.

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Intelligence Connected

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• Future Focused – we accelerate change
• Curious – we turn knowledge into action

Job Description

We are looking for a full-time Market Analyst, 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 Analyst 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.

About the role

The Market Analyst 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.

Market Analyst Core 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.
• 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.

Qualifications

• Bachelor’s degree in economics, finance, math, stats, or energy related discipline

• Previous experience power or trading vertical

• 2+ years of business or professional work experience

• Ability to lead and train entry-level associates and analysts

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

• You are committed to contributing to a welcoming and inclusive environment, are sensitive to diverse perspectives, and are passionate about equity in the workplace.

The salary range for this position is $90,000- $100,000, 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.

Equal Opportunities

We are an equal opportunities employer. This means we are committed to recruiting the best people regardless of their race, colour, religion, age, sex, national origin, disability or protected veteran status. You can find out more about your rights under the law at www.eeoc.gov 

If you are applying for a role and have a physical or mental disability, we will support you with your application or through the hiring process.