US Trading Analyst
About The Position
DRW is hiring a Junior Trade Analyst for its North America Energy Commercial Operations team in Houston. The role supports US Power, Environmental and Softs trading and origination teams across the full trade lifecycle, including trade booking, physical scheduling, daily profit and loss (P&L), and settlement support. The analyst works with traders, originators, settlements, operations, accounting and engineering, and helps develop tools to make processes faster and more reliable. This is an in-office role; daily P&L close support may extend into the evening on busy days. The position offers exposure to energy trading end to end, including valuation and risk across OTC, FTR, physical and cross-commodity positions; ISO market operations across North America; and collaboration between trading, operations and technology at a proprietary trading firm. The annual base salary range is $120,000 to $160,000, depending on experience, qualifications and relevant skills, with eligibility for an annual discretionary bonus.
Requirements
- Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting or a related field.
- 0 to 2 years of experience.
- Strong Excel skills and comfort working with large data sets.
- Programming experience, preferably in Python, and an interest in building tools.
- Exceptional accuracy and attention to detail, including with sensitive financial data.
- Ability to work independently and prioritize requests from many stakeholders.
- Clear written and verbal communication and a genuine interest in energy markets.
Nice To Haves
- Coursework or experience in power markets, ISO operations, FTRs or physical power.
- Exposure to an ETRM system (Endur/OpenLink preferred), SQL or APIs.
- Familiarity with mark-to-market, realized vs. unrealized P&L and the trade lifecycle.
Responsibilities
- Produce and review daily and next-day P&L, investigate variances, and explain P&L drivers to traders and management.
- Book and maintain financial and physical power, environmental and structured trades in the trading system.
- Schedule physical power with ISOs and counterparties and confirm schedules.
- Support environmental products, including auctions and registry accounts, and physical softs operations, including deliveries, storage and invoicing.
- Support FTR trading, auctions, transfers, reconciliations and P&L checks.
- Partner with settlements and operations to resolve trade and invoice discrepancies.
- Test system changes before release and work with engineering to resolve production issues.
- Automate manual workflows using Python, SQL, APIs and AI tools.
Benefits
- Annual discretionary bonus eligibility.
- Group medical, pharmacy, dental and vision insurance.
- 401(k) with discretionary employer match.
- Short- and long-term disability insurance.
- Life and AD&D insurance.
- Health savings accounts and flexible spending accounts.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
