Energy Trader Job Description
Energy trader
provides subject matter expertise in ISO capacity markets and capacity based demand response programs, with a focus on PJM, NYISO and ISO New England.
Energy Trader Duties & Responsibilities
To write an effective energy trader job description, begin by listing detailed duties, responsibilities and expectations. We have included energy trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide market intelligence updates for electricity, natural gas and other fuels on weekly operations calls, client calls and bi-annual webinars
Manage the electricity and natural gas portfolio for active management North American deregulated clients to ensure Risk Management Plans are followed
Create and implement contingency plans to assure flow of production through logistics and commercial agreements
Profitably engage in proprietary trading of physical and financial energy products
Identify opportunities/leads for long-term marketing and Real-Time Traders
Examine and execute regional arbitrage
Has an understanding of fundamental market conditions and drivers impacting the main power markets and related commodities in North America (power, gas, RECs)
Developing hedging strategy for energy, basis, capacity, transmission rights, RECs
Define and implement day-ahead bidding strategy in ISO markets (SPP, ERCOT, PJM)
Generate positive P/L and capture market opportunities based on analysis of market conditions
Energy Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Energy Trader
Typically a job would require a certain level of education.
Employers hiring for the energy trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Economics, Engineering, Finance, Business, Education, Marketing, Mathematics, Technical, Communication, Math
Skills for Energy Trader
Desired skills for energy trader include:
Crude oil
Energy markets
FERC/NERC rules and regulations related to energy trading
Functional responsibilities of all groups/individuals within the organization
Futures
ISO market rules and NYISO/ISO-NE/PJM/CAISO market systems
Logistics
Natural gas
Oil products
Operations
Desired experience for energy trader includes:
Communication and interpersonal skills to develop industry contacts, establish relationships, influence others’ positions and negotiate outcomes
Proficient with the use of personal computers and automated tools to support trading activity
Position work hours are non-standard
Knowledge of Company policies, procedures, and practices, and applicable federal, state, and local laws and regulations
Actively follow developments in (paper) commodity markets
Continuously check and update relevant market parameters
Energy Trader Examples
1
Energy Trader Job Description
Job Description Example
Our company is growing rapidly and is looking for an energy trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for energy trader
- Develop and maintain market research tools, market analysis
- Developed models to effectively trade virtuals and physical ICE products for US power markets, contributing positively to optimization and trading efforts
- Work as a member of the trading team to manage short term trading portfolios
- Build relationship with market participants
- Works closely with Analytics Group, independently, to develop and maintain the research and analysis tools required for effective trading and decision-making
- Maintains up to date knowledge of industry regulations and potential changes that may affect the markets
- Actively formulate and manage electricity trading strategy by analyzing market
- Model Development - Interact with Traders regarding financial market trends to research and develop new models
- Utilize model output to profitably engage in the proprietary trading of financial energy products
- Work with Traders and Risk Analytics to develop tools that track and analyze current and anticipated market trends
Qualifications for energy trader
- Negotiating skills in order to identify, negotiate, and close on sales and purchase opportunities
- Price indicative and firm quotes for clients
- Have continuous interaction with Sales on trading/hedging ideas
- Manage risk position of the desk within the applicable limits and desk risk tolerance
- Bachelor’s degree (Economics, Finance or Technical degree preferred), Master degree is a plus
- 0-2 years of prior experience in a trading environment
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Energy Trader Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of energy trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for energy trader
- Perform daily review of deal capture input to ensure Front Office deal integrity
- Model Maintenance ? Perform revisions, enhancements, back-testing, and post-analysis of models in test and production environments
- Create trading desk client deliverables and follow all internal quality assurance protocols for energy trading
- Manage all bespoke trading programs
- Ensure all hedge transactions are loaded to client contracts and external reporting
- Maintain all program quarterly and monthly savings reporting for trading programs
- Support North American Risk and Trading Desk Manager on bespoke strategy projects and client deliverables
- Support tasks to be delivered by other Analysts in the organization
- Schedule daily power transactions across merchant transmission facilities under contract in accordance with all ISO Tarrif rules
- Transact in financial and physical products in short, mid-, and long-term markets in order to effectively hedge asset(s)
Qualifications for energy trader
- Bachelor’s Degree in Finance, Economics, Marketing or a related field
- Analysis skills in order to understand market conditions and to identify sales/purchase opportunities
- Good understanding of business processes and data management
- Candidates with sufficient relevant experience will be strongly considered
- Degree in an analytical field such as Business, Economics or Engineering
- BS or BA, preferably with emphasis in Marketing, Business, Finance, or Engineering
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Energy Trader Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of energy trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for energy trader
- Perform daily P&L analysis of scheduled power flows and physical/financial hedges
- Develop short and long term analysis and strategies that contemplate market supply and demand, and support Power’s business and development objectives
- Develop, execute and communicate strategies to monetize and ensure optimal flow of respective commodity
- Leverage business development colleagues, external relationships and market intelligence to execute spot and term trades and maximize netback realizations for the company
- Maintain rapid-turnaround, shorter term tools to support daily position taking and deal valuation
- Maintain essential knowledge of infrastructure for commodity markets, both onshore and offshore
- Support delivery of annual business plan target
- Monitor deal profitability and manage risk
- Engage with industry experts and maintain strong internal and external relationships
- Collaborate with regional trading teams to understand and trade based on global supply and demand
Qualifications for energy trader
- Must have fundamental understanding of financial markets
- Experience in modeling work is required
- Strong statistical analysis skills are necessary
- Must have advanced computer system skills in Excel, and preferably with Verify, Velocity, or similar tools
- Must possess the ability to communicate with all levels of employees, excellent analytical skills, and strong problem-solving skills
- Additional requirements are dependent upon the energy market to which the Associate Energy Trader is assigned
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Energy Trader Job Description
Job Description Example
Our company is searching for experienced candidates for the position of energy trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for energy trader
- Become authorised to trade power on the EPEX-Spot power exchange – Current EPEX accreditation and M7 experience preferred
- Implement current trading strategy to drive value
- Ensure compliance with relevant legislation is maintained
- Support the business to optimise planned outages
- Responsible for forecasting expected system imbalance in day-ahead to within-day timescales in UK and European markets
- Identify strategies to minimise overall costs of imbalance
- Liaise with internal and external stakeholders, including market participants and interconnector customers
- An understanding of UK & European power market fundamentals
- Proven analytical skills and a good level of expertise in Excel, VBA (Coding skills are preferred)
- Demonstrable numerical skills
Qualifications for energy trader
- Must have ability to make profitable business decisions quickly, to identify and communicate market opportunities to co-workers, and to understand all financial and risk reports
- Bachelors Degree in engineering, accounting or a business related field
- A minimum of five years experience in power trading activities
- In-depth experience with electric power trading and products, including trading on ICE/Nodal (or similar) exchanges, financials swaps, bilateral transactions, options,, etc…
- Strong communication, interpersonal, and relationship building skills required
- In-depth knowledge, understanding and experience with ISO’s
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Energy Trader Job Description
Job Description Example
Our growing company is looking for an energy trader. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for energy trader
- Demonstrated profitable success trading a book of power
- Coordinate with structuring and origination team to identify, negotiate and implement desirable trading positions
- Work as a member of the trading team to manage trading portfolios
- Develop skills to commercially contribute to the team in a manner that will generate or assist in the generation of revenue
- Implementing GEM’s best practices and tools in the existing trading desk (implementation of Meteor, governance and limits approvals, …)
- Sharing know-how on GEM’s tools, processes, rules and coaching junior traders if needed
- Implementing a culture of market making/ risk taking within the respect of the risk mandate
- Implementing hedging and trading strategies
- Pricing products in collaboration with quants and originators
- Updating the curves
Qualifications for energy trader
- Comprehensive and operational knowledge of electric wholesale business, competitive energy marketplace and utility industry
- A minimum of five years’ experience in energy trading
- Knowledge of Company policies, procedures, and practices, and applicable federal, state, and local laws and regulations and the demonstrated ability to author and maintain procedures and best practices to be utilized for performing the job function
- Do you have a bachelor's degree in Engineering, Economics, Math, Physics or a related field of study?
- Minimum of 2 years real time generation dispatch / portfolio optimization experience in the power pools that we operate (PJM, NYISO, ISONE)
- Minimum of 5 years energy industry experience