Senior Analyst, Structured Trading

About the role

The Senior Analyst, Structured Trading position is with AES Clean Energy Services, LLC, located at 1201 Fannin Street, Suite 500, Houston, TX 77002. AES is the largest US‑based global power company, employing 8,300 people across 12 countries, and has been recognized for renewable energy sales, workplace culture, ethical practices, and industry innovation.

Responsibilities

• Analyze ERCOT real‑time and cash markets for weather risk, price risk, and trading opportunities.
• Design and develop stack models to simulate generator dispatch behavior and merit order in ERCOT.
• Develop and execute trading strategies in ERCOT to achieve defined PnL targets.
• Support term trading strategies to manage asset energy exposure in ERCOT.
• Build and maintain fundamental natural‑gas models to identify correlations and impacts on power markets.
• Evaluate capacity and resource adequacy markets across U.S. ISOs, collaborating with trading, regulatory, and fundamentals teams.
• Analyze basis and congestion markets and design risk‑mitigating strategies to manage portfolio exposure.
• Develop and execute strategies to participate in Congestion Revenue Rights (CRR) auctions for hedging and proprietary trading.
• Register AES legal entities as market participants in deregulated power and congestion markets.
• Monitor and manage collateral exposure for trading activity.
• Develop commercial risk modeling, including historic and parametric Value at Risk (VaR) models, to benchmark risk valuations.
• Mark forward curves for valuation of energy, basis, and capacity positions.
• Work with Pricing to value merchant exposures on M&A and development assets in ERCOT and MISO territories.
• Deliver model improvements and automation to shorten turnaround times and meet aggressive growth targets.
• Contribute to contract negotiation for complex deal structures.
• Collaborate with the ETRM team to ensure adequate booking and representation of signed contracts.
• Work with Risk Management to follow internal processes and guidelines for model validation and risk quantification.
• Develop an understanding of commercial impacts affecting AES CE business, grow personal skills, and progress along the career path.
• Own analyses and recommendations used in trading, hedging, and investment decisions, including during periods of market stress.
• Train and develop junior team members.

Requirements

• Bachelor’s degree or foreign equivalent in Engineering, Economics, Finance, or a related quantitative field.
• Minimum 5 years of experience with commercial analysis for the energy industry.
• 5 years of experience with power markets.
• 1 year of experience with revenue streams associated with renewable assets.
• 1 year of experience with operating aspects of power assets.
• 3 years of experience supporting power trading, optimization, and/or asset management.
• 5 years of experience using quantitative and analytical skills with market and risk modeling.
• Experience setting up a power trading desk across trading, risk, operations, and credit.
• Demonstrated knowledge of renewable asset revenue streams, operational drivers, analytical tools, and trading systems (knowledge may be demonstrated through education, training, and/or experience).