Managing Director, Power Trading & Origination

About the role

The individual will be responsible for managing the operational build-out of a financially settled and physically settled power desk, with an initial geographic focus on US markets (including PJM, ERCOT, MISO, CAISO, NYISO, ISO-NE, and SPP).

As products are launched, the individual will also be responsible for hiring a team for the sales and trading activities of the power desk. The position will require close coordination with Wells Fargo's quant, legal, tech, credit, market risk, and compliance partners to successfully launch products associated with power trading, complementing its existing financial and physical trading desks for energy, metals, and softs.

Responsibilities

• Identify the origination, modeling, portfolio management and all risk management including compliance and operational risk.
• Lead the strategy and resolution of highly complex initiatives that require an in-depth evaluation.
• Complete work in accordance with all risk management, compliance and business process expectations.
• Provide vision, direction and expertise to more experienced leadership on implementing innovative and significant business solutions.
• Make decisions requiring solid understanding of policies, procedures and compliance requirements.
• Conduct due diligence and portfolio administration as necessary and provide research on relevant industry trends.
• Collaborate and consult with peers, colleagues and mid-level to more experienced managers to resolve issues and achieve goals.
• Lead projects, teams or serve as a peer mentor.

Requirements

• 10+ years of power trading, origination, and/or operations experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications

• Knowledge and understanding of business development: business vision, strategies, and goals
• Experience with trading physical commodities within the financial services industry
• A master's degree or higher in accounting, finance, or economics
• Strong, clear and concise written and oral communication skills
• Strong financial background in capital markets
• Experience building partnerships and consulting effectively with leadership
• Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment

Job Expectations

• Ability to travel up to 20% of the time

Posting Locations

• 500 West 33rd St. - New York, New York 10001
• 1000 Louisiana St. - Houston, Texas 77002

Pay Range

New York City-Pay Range: $400,000-$400,000 Pay Range Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities. $290,000.00 - $500,000.00