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Power Trader

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Houston, United States Altop Energy Full time

SummaryThe PJM FTR Trader will actively manage the buying and selling of Financial Transmission Rights (FTRs) within the PJM market. This role is responsible for developing and executing congestion-based trading strategies, optimizing portfolio value, driving consistent P&L performance, managing risk, and ensuring compliance with PJM market rules and regulatory standards.Duties & ResponsibilitiesMonitor and analyze PJM congestion dynamics, transmission constraints, outages, and market rule changesDevelop and execute PJM FTR trading strategies across annual, long-term, and monthly auctionsConstruct and manage an FTR portfolio, including position sizing, hedging, and risk managementExecute trades and submit bids/offers using PJM auction platforms and internal trading systemsActively manage risk exposure, including position limits, VaR, scenario analysis, and stress testingMaintain detailed P&L attribution, auction performance analysis, and portfolio reportingCollaborate closely with physical power, virtual trading, risk, credit, and operations teamsBuild and maintain strong relationships with counterparties and market participantsProvide mentorship and guidance to junior traders and analysts; contribute to continuous improvement of trading processesRequired QualificationsBachelor's degree in Finance, Economics, Engineering, Mathematics, or a related field5+ years of direct PJM FTR trading experienceStrong understanding of PJM market structure, congestion, LMP mechanics, and auction processesProven ability to generate consistent, risk-adjusted P&LStrong quantitative and analytical skills