Nodal Trader

This is a fully remote position, open to applicants in United States.

📋 Description

• Engage actively in the development of trading strategies and models within the energy and commodities sectors.

• Execute trades across various Independent System Operator (ISO) markets and exchanges.

• Manage virtual transactions while taking part in auctions and energy trading activities.

• Work collaboratively with a team dedicated to identifying energy trading opportunities.

• Ensure compliance with risk management protocols throughout the execution of trades.

⛳️ Requirements

• Enhance the performance of the existing Point-to-Point Obligation Bid (PTP) and daily spread trading programs in terms of profitability and volume, ensuring alignment with the Company’s risk metrics.

• Foster the advancement of virtual trading for supply (INCs) and demand (DECs) by analyzing fundamentals like weather conditions, load, unit outages, and transmission interruptions.

• Create profitable FTR/CRR portfolios, both on a monthly basis and for longer durations.

• Design and implement power flow simulator-based analysis programs for trading PTPs, VTs, and FTRs / CRRs.

• Supplement nodal trading with transactions in natural gas and electric power futures, as well as other exchange-traded derivatives on commodity exchanges.

• Ensure that all trading activities remain within established risk limits.

• Contribute to the enhancement of current risk metrics to accurately reflect the risks associated with nodal and futures/options trading.

• Evaluate and report on the effectiveness of our existing risk measurement and management processes.

• Be capable of independently managing a profitable trading book, net of all pertinent expenses (commonly referred to as seat costs).

• **Your Skills include a number of the following:**

• Ability to collaborate effectively within a team as well as independently handle multiple projects under tight deadlines.

• Strong written and verbal communication abilities.

• Direct experience with nodal markets and/or futures markets.

• Familiarity with ISO transmission systems.

• Understanding of the ISO supply stacks.

• Experience with power flow simulation tools such as PowerWorld or similar software.

• Proficiency in analyzing supply and demand dynamics in the ISO and futures markets.

• Capability to generate or utilize short-term and long-term price forecasts for natural gas and electricity at various settlement points to facilitate profitable trading.

• **You also may have:**

• Programming experience in VBA, C#, Matlab, Mathematica, SQL, R, or Python.

• An advanced degree in Electrical Engineering, Statistics, Financial Engineering, Finance, Mathematical and Computational Finance, Economics, or a related quantitative field.

🏝️ Benefits

• Competitive salary and performance-based incentives.

• Comprehensive health and wellness programs.

• Opportunities for professional development and career advancement.

• Flexible work arrangements to support work-life balance.