Market Analyst

2 weeks ago


Singapore IOTALENTS PTE. LTD. Full time
**Job Description: The Market Analyst reports to the Assistant Manager, Market Operations. The Market Analyst is responsible for fulfilling the market operation obligations of the company in accordance with the market rules. The scope of responsibilities includes performing analysis of market outcomes, supporting settlement operation duties and risk management, provision of market performance reporting and routine data requests, administration of standing data, managing data subscription, and improving business operation processes.

Responsibilities:

  • Perform daily price sanity checks, detailed investigation of abnormal cases, and perform reruns of these cases where applicable, including weekends and public holidays.
  • Perform market settlement operation duties which include daily settlements, issuing of invoices, handling of notice of disagreements (NOD), market queries, and bank reconciliation in an efficient, accurate and timely manner.
  • Monitor market participants' trading exposures vigilantly and accurately and take actions accordingly and timely in accordance with the market rules.
  • Ensure that publication of market schedules in both realtime and look ahead regime, and settlement results are done accurately and on a timely basis.
  • Prepare data, analyze and report on market performance on a periodic basis by providing informative statistical charts and analytical market commentaries advising on pricing trends, pricing incidents, and market outlook.
  • Ensure all standing data maintained in the Market Clearing Engine (MCE) for modeling the physical power system with respect to its generation, transmission, and load facilities are accurate and on a timely basis.
  • Fulfill market registration for settlements in an accurate and timely manner.
  • Establish, review and maintain business procedures in the derivation and update of the standing data used by the MCE and Settlements.
  • Involve in the preparation of Performance Indicator Measurement System (PIMS) monitoring, Incident, and Rule Breach Reporting
  • Assist in fulfilling routine and adhoc data requirements, by working closely with the IT department, and actively seeking ways to automate manual processes.
  • Preparation of daily price checks and 24x7 oncall standby schedule.
  • Assist in the preparation of necessary rule breach reports to Legal for submission to Market Assessment.
  • Review and update of MPs' contact list and preparation of procurement documents.
  • Required to be rostered 24x7 oncall standby service to ensure that the market clearing engine inputs reflect any change in system security requirements, investigate price anomalies, address queries or clarifications, etc.
  • Involvement in the Business Continuity Plan Exercise, and Disaster Recovery Plan exercise.
  • Review, content manage and maintain the MO section of the corporate and private website.
  • Review and update the business process manuals on a periodic basis

Requirements:

  • Prior working experience in power systems/settlements is preferred.
  • Knowledge of market, settlements, and pricing analysis is advantageous.
  • Highly proficient in MS Office and VBA.
  • Strong analytical skills and meticulous work
  • Good communications skills (spoken and written)
  • Good degree in Engineering /Computer Science/ Economics / Business related Degree. Fresh graduates are welcome.


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