Job Title: Asset Power Trader Manager/Director
Department: Operations
Location: Remote
Reports To: VP of Energy Development
SUMMARY
As the Asset Power Trader Manger / Director you will be responsible for managing and growing the group’s capabilities to optimize the daily trading and dispatch of its operations in the power markets. Regular duties include determining and executing trading positions in coordination with dispatch capabilities, including buy/sell commitments for real-time, day ahead, and ancillary services markets. Coordinating market activities with the company’s risk management policies and procedures. Primary ongoing responsibility is to capture learnings from operations and implement into daily trading decisions and optimization applications.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Develop trading & bidding strategies based upon forecast inputs, market knowledge and technology constraints to determine optimal market deployments on a day-to-day basis.
- Implement processes to execute daily trading & scheduling decisions for next-day operations. Scheduling options will include hourly commitments in the Day-Ahead Energy Market, Day-Ahead Ancillary Service market, or allocation of capacity into the Real-time market for price-based dispatch.
- Leverage skills in statistical analysis, market fundamentals, ISO protocols, and regulatory issues to drive the insights into historical and forward pricing curves for power, ancillary services, renewable energy credits, and all other cost components of retail and wholesale electricity products.
- Establish communication protocols to minimize any gaps between commercial operations activities analysis/scheduling/market commitment and asset management activities deployment/dispatching/performance.
- Analyze market data to develop expertise regarding ISO dispatch processes, ancillary service market dynamics, and strategies to use market tools to manage risks of limited-duration exposure (e.g. the ability to manage exposure through a portfolio of multiple assets).
- Articulate the development and improvement of the risk metrics, and the proper representation of assets and existing hedges in our management information systems.
- Collaborate Engineers to develop and automate iterations to existing algorithms for operations & optimization modeling solutions.
- Support the portfolio management leadership through evaluation and recommendation of new operating strategies for assets, such as revised bidding and hedging strategies.
- Perform performance analysis and review of market activities and outcomes in energy and ancillary service markets to support ongoing improvement in performance and market positioning.
- Congestion Modeling to simulate scenarios, analyze results, and propose strategies to hedge congestion.
- Support Business Development, offering views on particular ISO’s protocols, regional congestion landscape, price of the products commercialized, available incentives, etc.
- Trade Power, ancillary and congestion products, utilizing both automated and manual execution strategies.
- Research and analyze trends across power markets and cultivate a thorough understanding of current market events and their impact across data center technology landscape.
- Investigate the potential application of existing strategies to new asset classes.
- Collaborating with management to implement trading strategies and system features.
QUALIFICATIONS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
EDUCATION and/or EXPERIENCE
- Bachelor’s degree in Finance, Economics or related field is preferred.
- Minimum of 5 years of experience in a similar role, ideally within the power markets.
- Strong understanding of market trends and trading strategies.
- Excellent analytical and decision-making skills.
- Ability to work under pressure and make quick decisions.
- Strong understanding of risk management policies and procedures.
- Proficient in data analysis and interpretation.
- Excellent communication and teamwork skills.
- Strong knowledge of regulations and standards in power markets.
