Energy Trader

2 weeks ago


Houston, Texas, United States AES Full time
About AES

AES is a leading global energy company that's shaping the future of energy. With operations in 14 countries, we're committed to innovation and collaboration to create a cleaner, more sustainable future.

Job Summary

We're seeking a Structured Trader to join our AES Clean Energy Commercial team. As a key member of our team, you'll manage capacity positions and basis positions to protect AES from financial risk and create analysis at the business unit and individual staff level.

Main Responsibilities
  • Manage and own merchant capacity positions across PJM, MISO, CAISO, ISO NE, NYISO, SPP
  • Analyze basis and congestion markets and help develop risk mitigating strategies to manage risk using FTRs, CRRs, TCCs
  • Report financial performance and strategies to senior leadership
  • Work with Pricing to value merchant exposures on M&A and development assets
  • Deliver model improvements and automation to shorten turnaround times necessary to meet aggressive business growth targets
  • Negotiate contracts with 3rd party counterparties
  • Be fully trained and compliant to AES and regulatory policies for all products transacted
  • Work with ETRM team to ensure adequate booking and representation of signed contracts
  • Work with Risk Management team to follow internal processes and guidelines for model validation and risk quantification
  • Understand commercial impacts affecting AES CE business, grow their own skills and progress along the career path
  • Support commercial strategies with general analysis and research
Qualifications
  • Bachelor's Degree in Science, Engineering, Economics, Finance or similar Master's Degree in above areas preferred
  • 6-10 years of relevant work experience in the energy industry in related functions
  • Deep familiarity with US power markets; Capacity and Resource Adequacy markets preferred, other markets a plus
  • Detailed understanding of revenue streams associated with renewable assets
  • Familiarity with operating aspects of power assets
  • Strong quantitative and analytical skills
  • More junior candidates will be considered if they are a good fit, likely at an Analyst level
  • Active deployment of a least one programming language (Python, R, MATLAB, C/C++, VBA) is a plus
  • Experience with battery energy storage optimization/analytics is a plus
About AES Culture

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. We respect all backgrounds, differences, and perspectives, enabling us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work.


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