Senior Trader, ERCOT
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Description
Responsibilities:
• Develop and implement term trading strategies that support the direction provided by the Portfolio Director and Regional Vice President.
• Execute delivery and risk mitigation strategies that will enhance term asset value.
• Analyze and react to current term market conditions through bidding, trading, and use of hedging strategies to maximize term profits in accordance with company risk management guidelines.
• Interact regularly with other commercial operations traders to identify term opportunities and strategies.
• Partner with other business units and/or departments to identify and facilitate business process improvements.
• Work with other NRG staff to effectively maximize the Organization’s position and strategy in the Ercot market, including participation in market regulatory and policy directions.
• Interact with market participants and electricity brokers to develop, negotiate, and execute opportunistic term business transactions.
• Identify surpluses and needs for capacity and energy within the term trading window.
• Monitor variables that influence pricing, availability, and reliability of power sources.
• Maintain understanding of marketplace rules and procedures, and their affect in asset value and trading strategies.
• Maintain compliance with all related corporate and industry trading policies, codes of conduct and Sarbanes-Oxley reporting requirements.
• Support ongoing and special initiatives within Commercial Operations and business development.
Requirements
Qualifications:
• Bachelor’s degree in economics, business, finance, or other relevant degree with five or more years of power trading experience. MBA is preferred.
• Solid understanding of the bulk power market strategies, pricing, hedging and power flow strategies on the transmission grid.
• Extensive knowledge of trading tools and indices, marginal and average pricing, and generation commitment techniques.
• Strong analytical and problem solving skills; sound conceptual thinking.
• Must have ability to make profitable business decisions quickly, to identify and communicate market opportunities to co-workers, and to understand all financial reports.
• Demonstrated self-starter.
Interested persons who meet the requirements described in the posting may apply. Send cover letter and resume to: [Click Here to Email Your Resumé] or mail to HR, 211 Carnegie Center, Princeton, NJ 08540.
Description
Responsibilities:
• Develop and implement term trading strategies that support the direction provided by the Portfolio Director and Regional Vice President.
• Execute delivery and risk mitigation strategies that will enhance term asset value.
• Analyze and react to current term market conditions through bidding, trading, and use of hedging strategies to maximize term profits in accordance with company risk management guidelines.
• Interact regularly with other commercial operations traders to identify term opportunities and strategies.
• Partner with other business units and/or departments to identify and facilitate business process improvements.
• Work with other NRG staff to effectively maximize the Organization’s position and strategy in the Ercot market, including participation in market regulatory and policy directions.
• Interact with market participants and electricity brokers to develop, negotiate, and execute opportunistic term business transactions.
• Identify surpluses and needs for capacity and energy within the term trading window.
• Monitor variables that influence pricing, availability, and reliability of power sources.
• Maintain understanding of marketplace rules and procedures, and their affect in asset value and trading strategies.
• Maintain compliance with all related corporate and industry trading policies, codes of conduct and Sarbanes-Oxley reporting requirements.
• Support ongoing and special initiatives within Commercial Operations and business development.
Requirements
Qualifications:
• Bachelor’s degree in economics, business, finance, or other relevant degree with five or more years of power trading experience. MBA is preferred.
• Solid understanding of the bulk power market strategies, pricing, hedging and power flow strategies on the transmission grid.
• Extensive knowledge of trading tools and indices, marginal and average pricing, and generation commitment techniques.
• Strong analytical and problem solving skills; sound conceptual thinking.
• Must have ability to make profitable business decisions quickly, to identify and communicate market opportunities to co-workers, and to understand all financial reports.
• Demonstrated self-starter.
Interested persons who meet the requirements described in the posting may apply. Send cover letter and resume to: [Click Here to Email Your Resumé] or mail to HR, 211 Carnegie Center, Princeton, NJ 08540.
Labels: Senior Trader
posted by Declan Fallon at
3:19 AM
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