FTR Power Trader - PJM/MISO Market

Essential Duties & Responsibilities

• Research and model electricity market supply, demand, and grid congestion fundamentals to identify profitable trading opportunities in the PJM/MISO FTR markets.
• Develop sophisticated trading strategies based on thorough analysis of historical congestion patterns, transmission outages, and market conditions.
• Implement strategic power flow analysis for the continual integration of new power generation into the grid.
• Maintain detailed records of all trading activities and provide regular performance reports.
• Execute FTR transactions in Long-term FTR Auctions, Annual FTR Auctions, Monthly FTR Auctions, and the FTR Secondary market via FTR Center.
• Submit strategic bids and offers for FTRs that align with the company's risk tolerance and portfolio strategy.
• Actively manage existing FTR positions through secondary market transactions to maximize value and mitigate risk.
• Coincide with other trading desks to ensure FTR positions complement the overall energy trading strategy.

Requirements

• Bachelor’s degree in finance, Economics, Engineering, Mathematics, or related field; Master's degree preferred.
• Minimum of 2-5 years of power trading experience with specific focus on FTR/CRR markets.
• Demonstrated success in FTR trading strategies and portfolio management.
• Strong understanding of PJM/MISO market structure, rules, and settlement processes.
• In-depth knowledge of Financial Transmission Rights mechanisms, including options and obligations.
• Expertise in congestion analysis and transmission system constraints in the PJM/MISO region.
• Proficiency with FTR Center and other PJM/MISO market interfaces.
• Experience with power flow modeling tools such as Enverus and Panorama.
• Advanced skills in data analysis and financial modeling using Excel, Python, R, or similar tools.
• Understanding of production cost modeling for electricity markets.

Skills & Abilities

• Strong analytical mindset with ability to identify patterns and opportunities in complex data sets.
• Decision-making skills under time pressure and market uncertainty.
• Excellent communication skills to articulate trading strategies and results to management.
• Self-motivated with ability to work independently while contributing to team objectives.
• Detail-oriented approach to transaction execution and risk management.

Education & Experience

To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:

• Bachelor’s degree in finance, Economics, Engineering, Mathematics, or related field; Master's degree preferred.
• Minimum of 2-5 years of power trading experience with specific focus on FTR/CRR markets.
• Demonstrated success in FTR trading strategies and portfolio management.
• Strong understanding of PJM/MISO market structure, rules, and settlement processes.