Junior Energy Trader - Hybrid (Houston, TX)

Enel North America is a proven renewables leader delivering clean, flexible and sustainable energy solutions. As part of the Enel Group, we develop, build, own and operate renewable power plants and demand response solutions, with over 11 gigawatts (GW) of installed wind and solar capacity, over 1 GW of energy storage and nearly 5 GW of demand response in the US and Canada. For nearly 25 years, we've reliably powered modern life and driven climate action with our people, partners and communities by putting sustainability at the center of everything we do.

About the role

The Junior Energy Trader is part of the Term trading team and will be responsible for management and trading of ERCOT, PJM and SPP portfolios. This role will actively participate in the power trading market, optimize the Enel portfolio (including asset positions), and contribute to the growth of the trading desk. The main focus will be on trading short-term and prompt, with less emphasis on long-term trading. This employee will work alongside the term trading team in Houston.

Responsibilities

• Optimize Enel generation portfolio and market positions in ERCOT/PJM/SPP up to day-ahead utilizing financial trading products (such as ICE futures) and Virtuals.
• Maintain, own, and manage short-term position files and all applicable IT systems/applications.
• Define and implement successful trading ideas contributing to the team P&L.
• Understand the structure of our P&L and financial reporting systems.
• Conduct in-depth analysis of short-term market fundamentals, including but not limited to supply/demand, regulatory, and pricing trends.
• Work with the C&T team to manage positions and develop effective risk management strategies to protect the trading portfolio from adverse market conditions.
• Continuously monitor market conditions, news, and events that may impact power prices in relevant markets.
• Generate daily, weekly, and monthly trading and positions reports for review by management.
• Analyze trading P&L and contribute to monitoring performance of strategies and their adjustments.

Requirements

• Strong knowledge of the ERCOT market preferred.
• Thorough Excel skills required.
• Experience with SQL, Python, R, or Matlab and strong quantitative skills preferred.
• 1+ years in an energy trading role (in front office), ideally experienced with future products and options.
• Bachelor’s degree in a quantitative field; master’s preferred.

Benefits

• Affordable, quality healthcare for you and your family, life insurance, and disability benefits.
• Retirement benefits including a 401k with a 100% match on the first 4% contributed (fully vested as of day one).
• Flexible spending accounts, tuition reimbursement, and professional development allowance.
• Generous PTO: 4 weeks annually of vacation, personal days, volunteer days, your birthday off, paid holidays, and sick time (proration may apply during first year of employment).
• Paid leave programs.
• Opportunity to grow and develop your career with the support and mentorship of senior leaders.