US Trading Analyst
About The Position
DRW's North America Energy Commercial Operations team is hiring a Junior Trade Analyst in Houston to support US Power, Environmental and Softs trading and origination teams across the full trade lifecycle. The role covers trade booking and physical scheduling, daily P&L, and settlement support. The analyst works with traders, originators, settlements, operations, accounting and engineering, and helps build tools to make processes faster and more reliable. This is an in-office role; supporting the daily P&L close 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 the collaboration between trading, operations and technology at a proprietary trading firm.
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 when handling sensitive financial data.
- Ability to work independently and prioritize requests from many stakeholders.
- Clear written and verbal communication.
- 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 experience.
- Familiarity with mark-to-market, realized versus 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
- 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.
- Flexible spending accounts.
- Annual discretionary bonus.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
