Director of Trading, East
REV Renewables · Houston, TX · 2 mo ago
FinanceFull-time
Duties/Responsibilities
- Commercial and P&L responsibility for the PJM trading book, including generation and energy storage assets, congestion hedges, capacity positions, and structured transactions.
- Develop, evaluate, and execute trading and asset optimization strategies across all PJM revenue streams, including Energy, Capacity, Ancillary Services, and congestion.
- Oversee nodal bidding strategies in Day‑Ahead and Real‑Time markets to optimize asset dispatch and portfolio value.
- Execute bilateral and exchange-cleared trades to hedge commodity, basis, and congestion exposure, from prompt through multi-year forwards.
- Lead strategy and execution for PJM Capacity Market participation, including RPM auctions and bilateral capacity transactions.
- Develop and implement proprietary trading and hedging strategies, including use of FTRs, virtuals, and structured products.
- Manage and develop Power Analysts and Traders responsible for daily market execution, analytics, and asset offers.
- Represent REV in PJM stakeholder committees, working groups, and industry forums.
- Ensure full compliance with Risk Policy, PJM Tariff, FERC, and NERC requirements.
- Collaborate cross-functionally with Asset Management, Risk, Finance, M&A, Development, and Technology to support operational and strategic initiatives.
- Build, enhance, and maintain analytical, valuation, fundamental, and statistical models to support trading, hedging, and investment decisions.
Required Education/Skills/Knowledge
- Bachelor’s Degree in a numerate discipline (e.g., Economics, Mathematics, Engineering, Computer Science).
- 8–10+ years of hands-on power trading and/or asset optimization experience, with deep PJM market expertise (or other major US ISO experience with demonstrated PJM exposure).
- Strong understanding of PJM market design, including LMP formation, congestion, FTRs, capacity markets, and ancillary services.
- Demonstrated experience leading trading teams and coordinating across multiple internal stakeholders.
- Advanced analytical skills (e.g. Python, SQL, Excel/VBA); experience writing or modifying code preferred but not required.
- Experience with energy storage, renewable generation, congestion management, and structured power products strongly preferred.
- Ability to manage competing priorities in a fast-paced, market-driven environment, including extended hours during critical market events.
- Strategic, analytical thinker with excellent communication skills and strong commercial judgment.
Physical Requirements/Working Conditions
- Must be able to sit/stand at a desk, using a computer workstation.
- The employee is occasionally required to climb, balance, stoop, kneel, crouch, reach with hands and arms, walk; lift push or pull objects up to 20 pounds.
- Must be able to handle long periods of screen time and typing.
- Must be able to have effective time management skills, with the ability to concentrate for long periods of time.
Why Join REV Renewables?
- Integrity First – We uphold the highest ethical standards in everything we do.
- Teamwork – We foster a collaborative, inclusive, and fun work culture.
- Ownership Mindset – We take accountability and act in the long-term interest of our stakeholders.
- Thought Leadership – We are creative, purposeful, and diligent in our decision-making.
- Making a Difference – We strive to positively impact our communities, employees, and society at large.
What We Offer
- Employer-sponsored Medical, Dental, and Vision coverage for employees and their eligible dependents.
- Health Reimbursement Arrangement (HRA) and Flexible Spending Accounts (FSA).
- Company-paid Life, AD&D, and Long-Term Disability Insurance.
- 401(k) with employer contributions.
- Generous Time Away policies.
- Educational Reimbursement for professional development.