Analyst, Reliability Standards Compliance
1 week ago
**Analyst, Reliability Standards Compliance**:
**Date**:May 28, 2024
**Location**: CA
**Company**:Independent Electricity System Operator
**INDEPENDENT ELECTRICITY SYSTEM OPERATOR (IESO)**
**Requisition ID**:
- 19738**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 Analyst, Reliability Standards Compliance plays an essential part in maintaining the integrity of the IESO-administered electricity markets and the reliability of the IESO-administered electricity market of the IESO-controlled grid. In collaboration with senior analysts, this role will monitor and enforce Market Participants’ compliance with Ontario Market Rules and North American Reliability Standards,
Additionally, in this role you will leverage your experience and expertise in electrical transmission, power system modeling and operations to conduct compliance monitoring activities, including audits and assessments of events that may have jeopardized the reliability of the power system, and develop business processes, systems, and procedures to effectively monitor Market Participants behavior and compliance with reliability standards. The focus of this role is monitoring compliance with operations and planning reliability requirements and obligations by Ontario market participants and the IESO.
Occasional travel may be required.
**What you’ll do**
- Maintain a current knowledge of assessment and compliance activities relating to market rules, market participant activities, and IESO policies and procedures, for the purposes of identifying inappropriate or anomalous conduct by market participants or other activities having an adverse impact on the reliability of the power grid.
- Undertake investigations and analysis to assess and report on the performance of the IESO administered markets and the conduct of participants within those markets. In accordance with IESO’s obligations, policies and guiding principles, report to appropriate individuals and/or units any possible breaches in the Market Rules and Reliability Standards committed by market participants, inappropriate or anomalous market behaviours, or market inefficiencies. Conduct major investigations of possible breaches of the General Conduct Rule, encompassing major market manipulation, exploitation, and deceptive and anti-competitive market conduct.
- Conduct compliance audits and assessments of Market Participants’ compliance behavior.
- Prepare formal Notices to Market Participants and the IESO, as applicable, ensuring that all Market Rules and reliability standards
- obligations are met.
- Conduct evidence gathering, analysis, develop queries to support these activities, and write reports, as required.
- Assist in the identification and preparation of witnesses for potential litigation purposes.
- Work as part of a multi-disciplinary team, including economists, lawyers, and engineers, to draft investigation and audit reports making recommendations regarding possible violations of the Market Rules and Reliability Standards. Assist in assessing the impact of investigated conduct on market outcomes and grid reliability.
- Assist in assessing the impact of investigated conduct on market outcomes and grid reliability. Present findings and recommendations to support the VP of MACD's consideration of enforcement rulings, determinations and orders.
- Develop business processes, systems/tools, and procedures to carry out effective monitoring activities for assessing Market Participants’ compliance with Market Rules and reliability standards. On an on-going basis, assist in reviewing the effectiveness of existing monitoring and assessment processes, systems and procedures.
- Maintain indices, as required, to support the monitoring of compliance of participants. Undertake studies, as assigned, and provide necessary support data, reports, and information.
- Communicate with market participants and other internal groups, as neces
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