Portfolio Manager/Trader

3 days ago


Chicago, Illinois, United States RWE Full time
Job Title: Portfolio Manager/Trader

RWE Supply & Trading Americas, LLC is seeking a highly motivated and experienced individual to join our Commercial Asset Optimization team as a US short-term portfolio manager/trader.

Responsibilities:
  • Identify and quantify all commodity-related market price risks of RWE's renewables portfolio
  • Develop and optimize the daily trading activities for RWE Renewables in US with focus markets ERCOT, NYISO, NE, SPP, PJM, MISO and CAISO in the short-term tenor, i.e. prompt up to month-ahead
  • Identify risks and chances in power markets by means of e.g. statistical analyses and fundamental models
  • Capture those opportunities by actively trading in energy markets
  • Backtesting of existing methods and evaluation models including processing of large data sets (Experience in model development and validation process)
  • Develop and operate short-term optimization strategies for integrated wind, solar and battery portfolio (e.g. battery dispatch algorithms)
  • Develop and apply methods on price forecasting
  • Create efficient and user-friendly products/processes that are stable and automated like summarizing model outputs and KPI's
Requirements:
  • University degree in Mathematics, Economics, (Electrical) Engineering or related field
  • 2+ years trading experience or work in close collaboration with a trading desk, ideally focused on ERCOT
  • Analytical mindset and ability to understand and communicate complex ideas to colleagues and management
  • High motivation and ability to familiarize yourself quickly with the relevant topics and issues in our group
  • Experience in programming Python and SQL
  • Knowledge of trade management systems such as Endur is a plus
Benefits:
  • Join an international leading energy trading house which is in a period of growth
  • Find yourself in a motivating workplace that is built on mutual trust, values and a feedback culture with a positive and inspiring working atmosphere
  • Discretionary bonus based on trading performance
  • Vivant team work, support and openness, visibility and recognition of own work

We value diversity and therefore welcome all applications, irrespective of gender, disability, nationality, ethnic and social background, religion and beliefs, age or sexual orientation and identity.


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