Sr Trading Analyst - NextEra

NextEra Energy

About The Position

NextEra Energy Marketing is one of the nation’s leading electricity and natural gas marketers, and a key player in the energy markets in the United States and Canada. As a part of NextEra Energy Resources, we specialize in innovative energy strategies that maximize market value for our customers and stakeholders. Our team is skilled in market analysis, trading, risk management and delivering tailored customer solutions across North America. If you are a strategic thinker eager to make a significant impact in the fast-paced energy industry, join our team today. Position Specific Description This position has primary responsibility for the hedging of electric price congestion exposure for the NEER asset portfolio. After analyzing exposure and receiving approval of recommendations from generation and load business management, hedging is primarily executed via the Financial Transmission Rights (FTR) auctions in various markets including ERCOT, SPP, MISO, PJM, NYISO and CAISO. Through careful coordination with transmission, business management, and forward trading teams, this role will identify and analyze the fundamental drivers of grid congestion, such as outages and system topography changes. The team will leverage those drivers to develop quantitative tools to inform hedging strategies, including production cost modeling. In addition, the team will seek to maximize value of auction revenue rights (ARR) in various markets through thorough analysis and implementation of optimization strategies. Furthermore, the team will also assist in the identification and quantification of optionality and risk in the NEER asset portfolio, as well as development and execution of innovative hedge strategies. Job OverviewThis position is responsible for supporting structured transactions in the energy marketing group through the development of sophisticated models. Employees in this role lead the development of pricing models, identify arbitrage relationships and develop trading strategies.

Requirements

High School Grad / GED
Bachelor's or Equivalent Experience
Experience: 5+ years

Nice To Haves

Bachelor's or Master’s Degree
Experience: 4+ years
Understanding of power, FTR, and ARR markets
Experience with powerflow studying and production-cost modeling for a power system
Degree in engineering, science, physics, finance, accounting, economics, business other quantitative field
Prior experience with managing congestion and/or transmission
FTR auction and programming experience
None

Responsibilities

Assist in the development and implementation of quantitative tools to identify the fundamental drivers of grid congestion and quantify their potential impact
Leverage production cost modeling tools such as Dayzer to forecast range of outcomes for grid congestion
Analyze, recommend and execute hedge strategies to minimize electricity congestion risk in the NEER asset portfolio
Develop tools to monitor daily Value at Risk, position, and other risk-related measures
Coordinate to ensure sufficient credit to execute hedging via both ISO and bilateral markets
Preparation of presentations for senior management to simplify and communicate important market trends, risks and recommendations to mitigate portfolio risk
Learn and leverage tariff, ISO and other market information to act as a market expert to others in the organization
Assist in the identification and quantification of risk in the NEER asset portfolio, including recommending innovative scheduling and/or hedging plan to optimize
Performs other job-related duties as assigned
Leads the implementation of models into the existing trade floor pricing and risk management infrastructure
Monitors daily Value at Risk, position, and other risk-related measures
Develops sophisticated models in support of structured transactions
Formulates and maintains daily forward curves and/or volatility surfaces
Provides management with daily Profit and Loss and pricing information
Supports the development and execution of the company's trading program
Assists in preparing presentations