Senior Manager, Energy Trading

Southern California Edison • Rosemead, CA

397d • $187,200 - $280,800 • Hybrid

About The Position

As a Senior Manager, Energy Trading at Southern California Edison (SCE), you will lead a team responsible for developing and executing energy hedging strategies, including physical and financial transactions related to power and natural gas, as well as procuring emissions compliance products. This leadership role is crucial in managing SCE's large generation portfolio, which encompasses renewable energy, energy storage resources, and conventional energy, all aimed at reducing carbon emissions and promoting cleaner air.

Requirements

• Five or more years of experience supervising a team of direct reports and/or project management.
• Experience in utility, commodity, or energy power trading.

Nice To Haves

• Bachelor's degree or higher in Business, Finance, Science, Economics, Math, Engineering, or related field.
• Five years of experience in utility, commodity, or energy power trading.
• Experience in natural gas trading and scheduling.
• Experience in emissions allowance/offsets procurement.
• Experience developing and implementing hedging strategies.

Responsibilities

• Oversees trading strategies that comply with the company's risk management guidelines to maximize profit margins.
• Confirms and approves optimal purchase timings, prices, quantities, and delivery modes, creating optimal daily nomination strategies.
• Owns the analysis and review of short-term electricity market conditions, developing trading thesis and proposing strategies for the energy trading head.
• Integrates and champions innovative service offerings and product development roadmap, identifying new market opportunities and collaborating internally to set specifications and carry out service development.
• Defines strategic direction and directs the execution of utilities financial transactions such as swaps and options, managing the overall risk profile.
• Steers contributions to the development of portfolio and bidding strategies.
• Shapes and influences collaboration with cross-functional business units to translate objectives and requirements to support corporate initiatives.
• Leads large scale E/CTRM products implementation across commodities throughout the trading value chain, including deal capture, risk, scheduling, nominations, settlements, and accounting.
• Decides on the validation of key market assumptions with market data and tracks asset performance, researching and quantifying deviations between forecast, budget, and actual results.
• Confirms generation schedules considering market information and transmission-related constraints.

Benefits

• Hybrid work mode with the option to work remotely on certain days.
• Relocation assistance may apply.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Utilities
• Education Level: Bachelor's degree