Market Operations Sr Associate

EDP Renewables•Houston, TX

1d•Hybrid

About The Position

EDP Renewables is a global leader in the renewable energy sector and currently operates in more than 25 markets. With eight offices and several sites, at EDP Renewables North America, we are experienced developers and operators of renewable energy. Our portfolio includes wind farms, solar parks, energy storage projects, and green hydrogen solutions throughout the continent. We are ranked among the top 5 in the U.S. in operational renewable energy capacity. Our company is part of EDP, a global energy group present in around 30 markets with a particular emphasis on renewable energies. With more than 45 years of experience, we have been consolidating a relevant presence on the world energy scene based on the commitment to be all-green by 2030, leading the energy transition. With more than 13,000 employees around the world, we are committed to using our energy and heart to drive a better tomorrow. What you will do Role Overview: The Market Operations Sr Associate will support EDPR’s asset backed and prop trading activities in North America environmental commodities markets. You will support all activities related to the company’s portfolio of environmental commodities, including business development, analysis, reporting, the negotiation of contracts, creation of hedge positions, and delivery of products to customers. The work will directly aid executives by providing long-term revenue visibility and will focus on consistent execution of commitments to counterparties as well as on the creation of value-adding strategies for the company’s portfolio of environmental commodities. You will also analyze market and regulatory trends to aid decision-makers in identifying the most value-adding revenue strategy for the company’s REC portfolio. In addition, you will support the deployment and implementation of internal and external technology solutions for position management (inventory, obligations, exposure). As a secondary focus, this role will also assist with Energy Management deal structuring and short-term Power Purchase Agreement (PPA) negotiations for existing assets.

Requirements

Candidate should possess a BS/BA degree.
3-5 years of relevant energy experience; specifically, previous experience with environmental commodities and a working knowledge of standards applicable to both compliance and voluntary customers is preferable, but not required
Extensive knowledge of Microsoft Excel and ad-hoc data manipulation. Good candidates will have a level of knowledge that allows them to explain the difference between vlookup()-style and index(match())-style referential lookups, and also probably has an opinion about which way is better
Ability to build business relationships with current and potential clients
Excellent customer service skills and the ability to collaborate with others
Ability to synthesize information and data from numerous sources into their decision-making
General familiarity with the Microsoft Office suite
Extremely strong attention to detail
Execution-oriented mindset: the candidate should be able to demonstrate a consistent track record of meeting deadlines in prior roles
Considers the ‘ripple effect’ of decisions
Strong analytical, quantitative, and interpersonal skills
Ability to multitask in a fast-paced, collaborative working environment
Self-starter
Oral and written communication and presentation skills
Ability to frequently perform physical tasks including standing, sitting, walking, kneeling, bending, twisting, squatting, and reaching while on project sites; ability to stand and sit for 8 or more hours when in an office environment
Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule form
Ability to lift items weighing up to 20 pounds
Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form

Nice To Haves

Experience with data visualization software (e.g. tableau, PowerBI) is not required, but a plus
General familiarity with fundamental database design and a modern statistics-friendly programming language (e.g. python, R, etc.) is not required, but is a plus

Responsibilities

Originate, negotiate and close futures contracts for REC positions consistent with EDPR RECs sales/trading strategy.
Manage inventory and fulfillment of REC delivery obligations to compliance and voluntary customers
Create reports to communicate position metrics to EDPR executive management and Global Energy Management (GEM) recurrent committees.
Gather market intelligence and analyze how changes in US regulatory environment or the electricity market may positively and/or negatively impact EDPR’s portfolio
Develop appropriate data, market intelligence, and analysis to advise GEM team on long-term REC pricing trends.
Support the deployment and implementation of technology solutions for efficient management of the company’s RECs position.
Support the definition and execution of trading strategies for RECs and/or power, for GEM proprietary book.
Work closely with risk and compliance teams to ensure proper monitoring of exposure, compliance with internal risk policies, and adherence to regulatory and legal requirements in the environmental commodities markets.
Support the structuring and contracting of for short-term power purchase (PPAs)
Interface with other Departments requiring transactional support such as Origination, Finance, Investments and M&A.
Work as part of a team, participating in special projects/duties as assigned by team leader.
Additional duties as required

Benefits

Empower our employees through a positive and innovative work environment that promotes collaboration and agile decision-making
Respect and value each person, providing a flexible, healthy, and inclusive workplace with a range of attractive benefits
Provide a meaningful work experience and prepare our people for future challenges through different opportunities for development and internal mobility

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