Non Energy Optimization Specialist

BP•Houston, TX

5d•Hybrid

About The Position

The Non-Energy Optimization Specialist will participate in the portfolio management and profitability analysis of the Commercial & Industrial retail electricity portfolio. This individual’s primary responsibilities will be to manage the retail portfolios positions in RA, MTR & Capacity.

Requirements

Bachelor degree required in a quantitative field such as math, statistics, economics, quantitative finance or engineering
Mid-level experience in an analytical or commercially focused role
Retail supply experience or similar commercial experience required
Working knowledge of CAISO RA & MTR regulatory landscape preferred
Strong working knowledge of ISO markets, the electric power grid and marketplace, specifically in the CAISO, PJM, or NYISO regions
High level of proficiency in Excel VBA and SQL required, python highly preferred
Analytical skills required for risk assessment
Experience with ETRM systems preferred
Strong individual contributor with consultative style and aptitude for collaboration and teamwork
Skilled at working across multi-disciplinary functions and departments
Proficient in collecting, querying, visualizing, organizing and analyzing complex data, evaluating information and drawing logical conclusions
Strong organizational skills, attention to detail and ability to adhere to regulatory mandated timelines

Nice To Haves

Working knowledge of CAISO RA & MTR regulatory landscape
Python highly preferred
Experience with ETRM systems

Responsibilities

Manage retail portfolio of power related products including, but not limited to, RA, MTR, capacity, CRRs and any future traded ancillary products
Transact bilaterally and on exchange in approved products to hedge and optimize retail portfolio
Manage regulatory filings for CAISO RA & MTR
Maintain all traded non-energy curves including congestion, capacity and RA related products
Support Optimization team by maintaining and providing transactable prices for approved tradable products as well as provide market information to the retail pricing functions, salespersons and customers
Build and support models for optimization analysis, managing risk exposure and hedging strategies for retail portfolio
Book non-energy trades consisting of a variety of standard and non-standard products in the ETRM
Support the retail load forecasting process by further developing associated exposure reporting and stress testing to advance the needs of the retail supply traders
Lead variance explanations during actualization process for assigned markets and products
Understand and comply with all internal policies as well as those of CFTC, SEC, FERC, and any other regulatory bodies or exchanges
Work with internal teams to ensure accurate customer invoicing for responsible products
Support sales in customer meetings as subject matter expert on market liquidity, regulatory changes and rest mitigation strategies
Additional tasks as needed based on desk resourcing