Day-Ahead Trader
RWE · Chicago, IL · Yesterday
SalesFull-time
Responsibilities
- Responsible for ISO trades at the HB and Nodal level (PTPs, Inc/Decs, Energy Only Offers, Three-Part Offers, etc)
- Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Day-ahead market
- Apply our fundamental market models to test and derive your trading strategy
- Determine offer and bid prices for the Day-Ahead markets, and occasionally negotiate the sale or purchase of power to enhance profitability and resource utilization
- Maximize the value of generation resources through strategic purchases and sales of energy while adhering to the company’s overall strategies and established parameters
- Maintain and optimize the dispatch of generating assets and provide necessary assistance
- Build and maintain collaborative relationships with our fundamental market experts and various other experts across the group
- Build up performance dashboards and automate workflows to streamline our daily trading routine
- Possibility of weekend and holiday coverage
Requirements
- University degree in Mathematics, Economics, (Electrical) Engineering or related field
- Experience in energy/gas trading environment with experience in PJM, ERCOT, MISO, CAISO, ISO-NE, or SPP nodal markets
- Experience with Yes Energy, Dayzer, EMS, ETRM, and bid-to-bill software is required
- Understanding of commercial optimization of wind and solar energy facilities, electric transmission, thermal generation, gas transportation, along with forecasting methods
Skills
- Demonstrate a self-confident natural behavior and be comfortable to handle uncertain (market) situations
- Excellent analytical mindset, striving for optimization and performance
- Strong team player & excellent communicator with a high degree of personal commitment, motivation and the ability to work independently
- Proven capability to handle multiple tasks effectively in high-pressure situations
- Reliability and accountability in meeting deadlines
- Proficiency in SQL and Python is highly desirable
Benefits
Join an international leading energy trading house which is in a period of growth
Find yourself in a motivating workplace that is built on mutual trust, values and a feedback culture with a positive and inspiring working atmosphere
Discretionary bonus based on execution performance
Team work, support and openness, visibility and recognition of own work
Salary: $125,000 - $175,000
Relocation package available