Trader - East Power

bp•New York, NY

1d•Hybrid

About The Position

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, motivated by best-in-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company! The successful candidate will be responsible for trading around portfolio positions, customer transactions and load positions in the PJM and MISO markets both short and long term. The candidate will be responsible for generating incremental P&L to forecast through effective optimization of a large book consisting of both long and short exposures

Requirements

Bachelor's degree in finance, economics, energy management, engineering, computer science or a related field.
Strong experience and a deep knowledge of fundamentals of physical and financial US East power markets.
PJM FTR and ARR extensive experience managing a portfolio of assets.
Strong analytical and quantitative skills for financial modeling and risk assessment.
Proficiency in data analysis tools.
Strong culture of compliance and understanding of all market rules and regulations.
Ability to work effectively in a high-pressure, fast-paced trading environment.
Adaptability and the ability to make quick and informed decisions.
Strong attention to detail and a commitment to accuracy in trading activities.

Responsibilities

Balance short and long positions contracts to optimize the value of a Synthetic Utility book consisting of long generation and short load deals.
Continuously assess and optimize the East portfolio to achieve financial goals and maintain a competitive insight.
Manage and optimize flexible load obligations through volatile power season
Optimize HRCO dispatch.
Monitor the physical/financial markets and maintain an acute understanding of market/price trends to add value through short term trading around volatility.
Assist the Power Trading team to develop and execute analytical tools, market models and trading and optimization strategies.
Develop and execute short and long term FTR and ARR strategies to optimize the value of the load book in PJM.
Work directly with mid and back office to develop and monitor reporting on the Synthetic Utility book focusing on position and PNL.
Participate in various ad hoc analysis and reports requested by Management.
Maintain up to date understanding of market rules in PJM and MISO.
Research, implement and refine trading strategies from idea to testing and deployment in the markets.
Work closely with supporting Functions (Fundamentals, Operations, Credit, Compliance, Finance, Market Risk).