Senior Analyst, Structured Trading

AES•Houston, TX

7d•Onsite

About The Position

The AES Corporation, a global power company with 8,300 employees across 12 countries, is seeking a Senior Analyst, Structured Trading. AES is a leader in renewable energy sales and has been recognized for its strong workplace culture and ethical business practices. This role involves analyzing energy markets, developing trading strategies, and supporting commercial decisions to drive business growth and a sustainable future.

Requirements

Bachelor’s degree or foreign equivalent degree in Engineering, Economics, Finance or related quantitative field
5 years of experience with commercial analysis for the energy industry
5 years of experience with power markets
1 year of experience with revenue streams associated with renewable assets
1 year of experience with operating aspects of power assets
3 years of experience supporting power trading, optimization, and/or asset management
5 years of experience using quantitative and analytical skills with market and risk modeling
Experience setting up a power trading desk across trading, risk, operations and credit.
Demonstrated knowledge of renewable asset revenue streams and operational drivers; and analytical tools and trading systems.

Responsibilities

Analyze ERCOT real time and cash markets for weather risk, price risk, and trading opportunities.
Design and develop stack models to simulate generator dispatch behavior and merit order in ERCOT.
Develop and execute trading strategies in ERCOT to achieve defined PnL targets.
Support term trading strategies to manage asset energy exposure in ERCOT.
Build and maintain fundamental natural gas models to identify correlations and impacts on power markets.
Evaluate capacity and resource adequacy markets across U.S. ISOs, working closely with trading, regulatory, and fundamentals teams.
Analyze basis and congestion markets and design risk-mitigating strategies to manage portfolio exposure.
Develop and execute strategies to participate in Congestion Revenue Rights (CRR) auctions for both hedging and proprietary trading purposes.
Register AES legal entities to be market participants in de-regulated power and congestion markets.
Monitor and manage collateral exposure for trading activity.
Develop commercial risk modeling including historic and parametric Value at Risk (VaR) models to benchmark risk valuations.
Mark forward curves for valuation of energy, basis, and capacity positions.
Work with Pricing to value merchant exposures on M&A and development assets in ERCOT and MISO territories.
Deliver model improvements and automation to shorten turnaround times necessary to meet aggressive business growth targets.
Contribute towards contract negotiation for complex deal structures.
Work with ETRM team to ensure adequate booking and representation of signed contracts.
Work with Risk Management team to follow internal processes and guidelines for model validation and risk quantification.
Develop an understanding of commercial impacts affecting AES CE business, grow their own skills and progress along the career path.
Own analyses and recommendations used in trading, hedging, and investment decisions, including during periods of market stress.
Train and develop junior members of the team.