- Assist in conducting monitoring activities, such as compliance audits as well as investigations of potential non-compliance with the Market Rules and Reliability Standards.
- Assist in conducting major investigations of possible breaches of the General Conduct Rule, encompassing major market manipulation, exploitation, and deceptive and anti-competitive market conduct.
- Assist in the preparation of formal Notices to Market Participants and the IESO, as applicable, ensuring that all MACD's Market Rules-based requirements and obligations are met.
- Conduct evidence gathering, analysis and develop queries, to support these activities and write reports as required..
- Assist in implementing processes affording investigation and audit targets the opportunity to present views and representations to the VP of MACD.
- Work as part of a multi-disciplinary team, including economists, lawyers, and engineers, to support drafting investigation and audit reports making recommendations regarding possible violations of the Market Rules and Reliability Standards.
- Support in assessing the impact of investigated conduct on market outcomes and grid reliability. Support the investigation team in making recommendations regarding applicable sanctions in respect of possible breaches of the Market Rules and Reliability Standards.
- Assist in presenting findings and recommendations to support the VP of MACD's consideration of enforcement rulings, determinations and orders.
- Conduct analysis and daily monitoring to assess the performance of the IESO-administered markets and grid, and the conduct of market participants; prepare reports, as required.
- Assist in the creation of data models using structured and unstructured datasets and apply analytics and visualization techniques for the purpose of deriving key insights and "telling a story" with data.
- Coordinate with other MACD line units, staff and contractors in respect of mandated market monitoring, complaint intake, whistleblower referrals and other detection methods, for the purpose of identifying possible breaches of the Market Rules and Reliability Standards.
- Support the IESO's dispute resolution process, as it pertains to disputes arising specifically from MACD enforcement determinations and orders.
- Academic background in engineering, economics, finance or business at a level to understand the technical/economic/legislative parameters governing the energy industry, the IESO-administered markets and the IESO-controlled grid.
- Good written and oral communication skills, in order to prepare reports, develop process documents, and communicate effectively with all contacts at various levels of authority involved in accomplishing the work objectives.
- Some experience in conducting compliance audits, investigation of strategic behaviour in emerging competitive markets, which involves having good analytical and reasoning skills.
- Exposure to system and market operation practices and procedures, including legislation, resource utilization and system control techniques.
- Experience conducting statistical and/or analytical assessments and evaluations, particularly.
- Knowledge of the legislative and regulatory parameters governing the Ontario electricity marketplace.
- Some experience in electrical transmission, power system modeling and operations would be an asset. Some experience with statistical and database software, and using desktop software applications and various PC-based data query and calculation tools.
- Some experience with data collection, transformation, aggregation and analysis.
- Some understanding and experience with one or more programming languages and computer system interfaces.
- Some experience with power system planning and operation and/or experience in a compliance monitoring environment ideally in the electricity sectors.
- 4-year university degree in electrical engineering preferred
- A comprehensive total rewards program, including best-in-class benefits and a flexible workplace
- A challenging, fast-paced and collaborative team environment, where your perspectives and experiences matter
- Leaders who support your growth and success through regular feedback and coaching
- The opportunity to work with some of the brightest minds in the industry
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Title Assistant Analyst, Reliability Standards Compliance - Oakville, Canada - Independent Electricity System Operator
Description
INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)
Requisition ID: 19710 Location: Oakville - Hybrid Status: Regular Business Unit: Market Assessment & Compliance Why join us?
You've got great skills. And you want to use them in an organization where you know what you do every day matters. We get that.
We also know that ensuring Ontarians have access to affordable and reliable power doesn't happen by accident. So we give you the tools, flexibility and support you need to achieve your goals, and development opportunities to help you grow. You'll thrive in a collaborative, team-based environment that values your unique skills and experiences – and recognizes that when you do better, we become even better too.
Who we are
The Independent Electricity System Operator (IESO) works at the centre of the province's power system, ensuring Ontarians have access to reliable and cost-effective electricity when and where they need it. We operate the province's electricity grid 24/7, design, run and oversee the wholesale electricity markets, and plan and prepare to meet Ontario's electricity needs – now and into the future.
The opportunity
The Assistant Analyst, Reliability Standards Compliance plays a key role in maintaining the integrity and reliability of the IESO-administered electricity market. The Assistant Analyst will assist with monitoring Market Participants compliance with the Ontario Market Rules and North American Reliability Standards. In this role you will conduct assessments of events that may have jeopardized the reliability of the power system, participate in compliance audits and develop business processes and procedures to effectively monitor Market Participants behavior and compliance with reliability standards. The focus of this role is assisting in monitoring compliance with operations and planning reliability requirements and obligations by Ontario market participants and the IESO. This position is an excellent fit for a candidate with a background in engineering and a sound knowledge of the technical, economic and legislative parameters governing the energy industry.
Occasional travel may be required.
What you'll do
What you need to succeed
Required
This knowledge is considered to be normally acquired either through the successful completion of 4 years of university education in Engineering, or by demonstrating an equivalent level of knowledge through work or related experience.
A period of over 4 years, up to and including 6 years is typically considered necessary to gain this experience.
Assets
What's in it for you
Deadline: June 11, 2024
For future reference, please ensure to save a copy of the job description as it will no longer be available once the posting closes.
At the IESO, we know that achieving great results depends on embracing diversity by attracting, developing and retaining people from a wide variety of backgrounds. We do this by ensuring our recruitment and advancement policies are fair and equitable, and by creating an accessible and inclusive environment – one that values every team member's unique skills and experiences and ensures they have the support they need to achieve their potential. If you require accommodation during the recruitment process, please let us know.
We thank you for your interest in a career at the IESO, but we will only contact those candidates selected for an interview.
Note: The successful candidate must be eligible to work in Canada and will be subject to a background check.
The IESO offers a hybrid work model program to most of our employees, based on business needs. Individuals participating in the program can work an average of three days per week remotely within Ontario. It also offers three flex weeks when individuals can work remotely within Ontario . When working in the office, you will be located at our Oakville location.
Join our talent community
Sign up for talent community; stay in touch, find out about new opportunities – and discover how you can make a difference. Discover how we use our expertise and commitment to deliver reliable and affordable electricity to Ontario's businesses and communities, and how we're innovating to secure a stronger energy future for all Ontarians. Visit and be sure to follow us on .
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