The California Independent System Operator (ISO) manages the flow of electricity across the high-voltage, long-distance power lines that make up 80 percent of California's power grid. We safeguard the economy and well-being of 30 million Californians by operating the grid reliably 24/7.

As the impartial grid operator, the California ISO opens access to the wholesale power market that is designed to diversify resources and lower prices. It also grants equal access to 25,865 circuit-miles of power lines and reduces barriers to diverse resources competing to bring power to customers.

The California ISO's function is often compared to that of air traffic controllers. It would be grossly unfair for air traffic controllers to represent one airline and profit from allowing that company's planes to go through before others. In the same way, the California ISO operates independently—managing the electron traffic on a power grid we do not own—making sure electricity is safely delivered to utilities and consumers on time and reliably.

The California ISO is committed to the health, safety, and work/life integration of its employees, and is proud to offer flexible work arrangements. This position would be eligible to participate in a remote work capacity, but requires the ability to commute in as needed.

Relocation assistance is available.

Under the general direction of the Manager, the Sr. Market Settlement Specialist performs daily Electricity Market Price Corrections and generates the weekly price correction report.  Using SAS, SQL or other programming languages to design, develop, test and maintain Electricity Market Price Correction Tools, Price Correction monitor and validation tools following new market rules or enhancement. Identify post-correction data anomaly, debug and work with other business units to fix identified data issues. Maintains and updates the Weekly Price Correction Report tool as appropriate. Responds to client questions related to price corrections.          

What's In it for You

Our purpose is to lead the way to tomorrow's energy network. Make a difference and impact millions of people who depend on electricity in their everyday lives.

• You get to work on interesting and challenging assignments that will help grow your skill set.
• You will work in an extremely collaborative environment inside our LEED certified Folsom, California campus.
• You will be challenged, be a part of a winning team, and your contributions will be rewarded and recognized.

What You Will Be Doing

• Supports and performs daily Electricity Market Price Corrections in accordance with ISO Tariff rules and standard business practices and adheres to audit controls. Generates and publishes the weekly Price Correction report per tariff timeline. Coordinates with the corresponding team to ensure the report is accurate. Monitors and validates data consistency between applications, identifies the root cause of data anomaly, works on the resolution of any data anomaly with other business units including IT. Supports the dispute research and resolution of the Price correction related disputes. Responds to any inquiries from internal business units and external market participants regarding Electricity Market Price Corrections. 

• Attends business meetings and collaborates with project teams to provide impact assessment on Electricity Market Price Correction processes and software. Provides Electricity Market Price Correction related business requirement for new projects or enhancements.  Develops and maintains Electricity Market Price Correction tools following new market rules and policy enhancements. Designs and creates Functional Testing or User Acceptance Testing or End to End Testing cases for new price correction tools or updated Price Correction tools. Executes testing cases and logs identified defects, fixes the defects before the Price Correction tools are implemented for Production use. Creates, tests and implements new Price Correction batch tools for Production use as needed. 

• Maintains and develops Electricity Market Price Corrections monitoring and validation tools and weekly Price Correction report tool to reflect latest business changes or meet new business needs. Debugs and trouble shoots Production Price Correction tools, monitoring and validation tools, and weekly price correction tools, fixes identified issues and implements changes to Production. Participates and collaborates with corresponding business units and IT to identify root causes of data anomalies, develops or recommends solutions to prevent future similar errors through new business process or software solutions.

• Adheres to tariff requirement and SOC 1 audit controls. Gathers and provides evidence to support SOC1 control           audit. Researches, analyzes business processes, identifies areas of control weaknesses, develops and implements process controls to pass internal and external audits. Develops and updates documentation related to business processes and algorithms as appropriate.  Assures that clear and adequate documentation is available for other business units and for related market applications. Reports to management any exceptions that might have tariff, business process, or SOC1 control violation. Addresses any possible non-compliance issues immediately and completely including documented analysis, notification and modifications or additions to existing processes and controls to ensure forward and on-going compliance. Documented analysis includes violation instances, root cause, impact analysis as applicable.
   

Level of Education and Discipline

• A Bachelor's degree (BA, BS) or equivalent education or training in Engineering, Economics, Mathematics, Statistics, Computer Science or related technical field is required.
• Master degree is preferred.

Amount of Experience

• Equivalent years of education and training, plus five (5) or more years related experience.

Type of Experience

• Experience in the electricity industry and/or in a similar organization as the CAISO, with market analysis, validation, and monitor or operation background.
• Experience with creation of SAS projects or SQL queries is required. Experience with programming techniques is required.  
• Experience with creation of specific programs to perform data verification and data manipulation on large datasets is required. 
• Knowledge of power system operations, power market optimizations and market designs is desired. 
• Knowledge of the CAISO post market process is helpful.

Additional skills and abilities

• Work effectively in a team environment as a team member and can adapt quickly to a dynamic and changing work environment, willing and be able to work under pressure of tight deadlines and aggressive expectations.
• Self-motivated curious team player with a growth mindset.
• Excellent analytical, verbal and written communication skills.
• Strong problem solving skills.
• Excellent multi-tasking, critial thinking and prioritizing skills. 

**We will also consider applicants for a Market Settlement Analyst position. This position requires a Bachelor's degree (BA, BS) or equivalent education, training or experience in Engineering, Economics, Mathematics, Statistics, Computer Science  or related technical field. This position requires equivalent years of education and training, plus two(2) or more years related experience.**