Trader Junior_TRPT1H

ENGIE • Houston, TX

57d • Hybrid

About The Position

As a Power Congestion Junior Trader, you will report to Director Congestion Trading and you will be responsible for congestion trading in ERCOT (Electric Reliability Council of Texas) ISO (Independent System Operator).

The goal of the section is to explain every day activities of someone who works in this role. Convey the day-to-day impact and responsibilities of this position within the business unit they will join.

Trade Congestion Revenue Rights (CRR) in ERCOT ISO across various periods
Systematic approach to fundamental analytics and trade execution
Act as the central resource on the firm regarding regional ISO information, working with various groups in the organization
Communicate drivers of Day Ahead and Real Time congestion market outcomes based on macro-fundamentals (supply, demand, renewables) and mirco-fundamentals (specific transmission and generation outage impacts, bids, facility limits)
Comply with the ISO and company protocols
Develop opportunities to generate new revenue streams such as deal flows and virtual markets
Support asset managers with ISO fundamental views/ analyses
Participate in ISO meetings as appropriate, assess and communicate commercial impacts
Develop, track and communicate performance benchmarks

Requirements

• A four-year degree in which you completed courses in Engineering/Business/Finance or other relevant disciplines
• Two years of trading experience in Financial Transmission Rights (FTR) markets
• Strong analytical skills with congestion trading experience
• Strong understanding of the powerflow fundaments such as shift factors, line-outage distribution factors and contingency analysis concepts
• Strong working knowledge of fundamentals of ERCOT transmission grid
• Clear and effective communicator
• Willingness to engage in dialogue and debate with colleagues
• Proficient in SQL and VB or Python
• Knowledge of statistical techniques
• Ability to handle multiple assignments on a timely basis with a high degree of accuracy

Responsibilities

• Trade Congestion Revenue Rights (CRR) in ERCOT ISO across various periods
• Systematic approach to fundamental analytics and trade execution
• Act as the central resource on the firm regarding regional ISO information, working with various groups in the organization
• Communicate drivers of Day Ahead and Real Time congestion market outcomes based on macro-fundamentals (supply, demand, renewables) and mirco-fundamentals (specific transmission and generation outage impacts, bids, facility limits)
• Comply with the ISO and company protocols
• Develop opportunities to generate new revenue streams such as deal flows and virtual markets
• Support asset managers with ISO fundamental views/ analyses
• Participate in ISO meetings as appropriate, assess and communicate commercial impacts
• Develop, track and communicate performance benchmarks

Benefits

• medical
• dental
• vision
• life insurance
• employer-paid short-term and long-term disability insurance
• ESPP
• generous paid time off including wellness days, holidays and leave programs
• 401(k) Retirement Savings Plan with a company match
• supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Merchant Wholesalers, Nondurable Goods
• Number of Employees: 5,001-10,000 employees