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Open nowPosted 151 days ago

Nodal Trader

Workable (global search)108,016 open roles

Where
United States
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Remote
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Your applicationOpen nowNodal TraderWorkable (global search) · United States
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  5. 34.0%30 days
This job: posted 151 days ago

Workable (global search) median: 7 days open

The posting

About Active Power Investments

Active Power Investments LLC is a market participant in the North American wholesale power markets. We engage in virtual transactions (VTs), participate in Financial Transmission Rights (FTRs) / Congestion Revenue Rights (CRRs) auctions, and engage in related energy trading in electric power and natural gas futures and exchange-traded derivatives. We offer exposure to these unique investment opportunities, which provide an exceptional combination of returns and portfolio diversification.

Our team develops and executes strategies across:

  • Independent System Operator (ISO) markets, such as CAISO, ERCOT, MISO, NYISO, PJM, and SPP.
  • Exchanges, such as ICE and CME, which offer related energy and commodities products.

About you

You are motivated by the opportunity for professional growth in a multi-disciplinary and fast-paced environment. You are excited about the challenges of a cutting-edge energy and commodities trading business. You find satisfaction working for an energy trading company intensely focused on searching for and finding opportunities in a variety of energy and commodities markets. You rise to the challenge of executing complex tasks necessitated by constantly changing market conditions. You have the tenacity to follow a set of complex controls that ensure smooth trade execution and proper risk management.

Requirements

  • Improve the performance of the current Point-to-Point Obligation Bid (PTP) and daily spread trading program in terms of both profitability and volume, while complying with the Company’s risk metrics.
  • Advance the virtual trading of supply (INCs) and demand (DECs) based on fundamentals such as weather patterns, load, unit outages, and transmission outages.
  • Construct profitable FTR/CRR portfolios, both monthly and longer term.
  • Develop power-flow simulator-based analysis programs for trading PTPs, VTs, and FTRs/CRRs.
  • Complement the nodal trading with trading natural gas and electric power futures and other exchange-traded derivatives on commodity exchanges.
  • Make sure that any such trading respects risk limits.
  • Assist with improving the current risk metrics to be as accurate as possible in capturing risks inherent in nodal and futures / options trading.
  • Assess and report on the effectiveness of our current risk measurement and management procedures.
  • You are expected to be able to independently run a profitable trading book, net of all the relevant expenses (aka seat costs).

Preferred Qualifications

  • Ability to work as part of a team as well as independently with multiple projects under tight deadlines.
  • Excellent written and verbal communication skills.
  • Direct experience with the nodal markets and/or futures markets.
  • Understanding of the ISO transmission systems.
  • Knowledge of the ISO supply stacks.
  • Experience with power flow simulation in PowerWorld or a similar tool.
  • Experience with the analysis of supply and demand in the ISO and futures markets.
  • Experience with producing or ability to utilize short-term and long-term price forecasts of natural gas and electricity prices at various settlement points for profitable trading.

Nice-to-haves

  • Programming experience in either of VBA, C#, Matlab, Mathematica, SQL, R, Python.
  • An advanced degree in Electrical Engineering, Statistics, Financial Engineering, Finance, Mathematical and Computational Finance, Economics, or other similar quantitative discipline.

Benefits

  • Total compensation for this seat combines a base salary with a profit-sharing component tied to book performance and is structured to scale with experience and track record.
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