Some good advice in this thread! Skip the back office stuff - you have the background to at least give you a leg up over a complete newbie in a scheduling or RT trading position. I started in scheduling (no prior trading experience - though I had power industry experience), then ended up combining it with RT trading, and then just went to RT trading. Lots of work, but I learned a lot, and fast. If you prove to be a consistently profitable RT trader (over a few years), you will likely move on and up quickly. Be prepared to work shifts (though it's not as bad as it seems - I kind of liked it for a while, actually).
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: Optimus is a premier provider of energy recruiting and staffing services. For more information on this position, please email us at info@optimus-us.com . We look forward to working with you on your next exciting career opportunity! Real-time Trader Our client is seeking a commercially aware professional to join the real-time trading team. This is an entry into trading position with significant opportunity for growth. The ideal candidate will be someone with two to three years of experience in Power in either an Analytics role or a Rotation program focused on power. PJM Options Trader Our client is expanding their commercial team and would like to consider professionals with PJM Options trading experience. The book will be a hybrid of Asset Management and Energy Management responsibilities as well as an Optimization and Proprietary trading component. ERCOT Short-term Trader Our client is continuing to develop their trade desk in ERCOT and is seeking an experienced professional to focus on Short-term trading. Ability to develop and defend trade strategy and a history of profitability required. This role will be a hybrid of Asset Management and Energy Management responsibilities as well as an Optimization and Proprietary trading component. Manager Structuring Our client is growing their natural gas structuring and origination teams. They are seeking a Manager level professional with at least 5 years of experience to join the team and help grow and direct more junior team members. Structured transaction flow is focused on AMAs, EMAs, Transportation Storage and other structured origination transactions. This team sits directly within the Origination team and works hand in hand with them through both client-facing and internal deal approval processes. Structuring Analyst Our client is growing their natural gas structuring and origination teams. They are seeking an Analyst level professional with at least 2 years of experience to join the team. Structured transaction flow is focused on AMAs, EMAs, Transportation Storage and other structured origination transactions. This team sits directly within the Origination team and works hand in hand with them through both client-facing and internal deal approval processes. Strong Excel skills a MUST. Head of Operations â Singapore/Shanghai Our client is seeking two experienced professionals to lead the effort to set up operations to support commodity trading activity, one professional for Singapore and another for Shanghai. Strong operations, middle and back office experience required with solid systems knowledge ideal. This effort will include process, procedure, systems and ultimately hiring the team. NAESB Negotiator Our client is looking to add an experienced NAESB negotiator to their contract administration team. This role will focus on negotiating agreements rather than solely processing them. Strong knowledge of the NAESB contract is required. Risk Manager Our client is seeking an experienced risk management professional with staff management experience. Multiple commodities; Gas, Power, Crude, Refined Products and NGLs. MTM, Position, VaR, Controls and Variance Analysis. Manage up to 6 people currently with planned growth. Manager Market Risk Our client is seeking a âhands onâ, individual contributor with strong transaction modeling, technical and market risk analysis skills. The commodity focus will be natural gas. The ideal candidate will have experience modeling complex transactions and options structures, portfolio stress testing and VaR as well as a strong commercial understanding of transactions around storage, transportation and AMA/EMA deals. This role is located in Houston and will also manage two analyst level candidates. This is a unique opportunity to build a team from the ground up. Trade Analyst â PJM Capacity Our client is seeking to add a strong Trade Analyst to the commercial power team. This professional will have a unique opportunity to work directly with the commercial teams providing expertise with regard to the âins and outsâ of the PJM Capacity Auction. Extensive PJM capacity auction knowledge required. Senior Portfolio Valuation Analyst â Energy Commodities Our client is seeking a senior commodities professional (gas, power, oil) to join the team. Responsibilities will include portfolio valuation, stress testing, price testing and other analysis around portfolio fair value and reserves. This is not a risk process role but is a derivatives and portfolio valuation role. For more information on these positions, please email us at info@optimus-us.com or view more details at www.optimus-us.com . We look forward to working with you on your next exciting career opportunity!
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: VP Commodity Tax â Houston Our client has us doing a search for someone with solid indirect tax experience in the commodity trading business. This person will be responsible for implementing and maintaining internal tax policies and ensure compliance with State Sales and Use tax and property tax requirements. This person will work with external tax preparation services and internal operations groups to ensure accurate tax filings. Candidate will be the interface for both internal and external audits. Endur Business Analyst â Houston Our client has us doing a search for a Business Analyst to act as an interface between the front, middle and back office groups, of a commodity trading shop, and the IT group. This position is a perm position. Market Risk Manager â Midwest Strong player in the power trading arena has us doing a search for a Market Risk Manager that will be responsible for independent market risk oversight. This candidate will provide effective on site monitoring, controlling and communication of the nature and extent of all market risk positions, as well as implementation and compliance of risk management policies. Candidate will do risk modeling and valuation of deals and portfolios. Will stand in for Director when traveling. Must have 4+ years of Market Risk experience. Advanced degree is a plus. Strong ETRM systems experience necessary. Risk Analyst â Houston This candidate is going to assist in developing risk projects and risk modeling. Responsible for identifying, assessing and monitoring all aspects of risk management process. Strong knowledge of risk management, VaR, Monte Carlo simulations and/or option pricing models. Requires experience with power and gas transactions and associated assets. Manager of Power Fundamental Analysis Our client has us doing a search for a Manager Fundamental Analysis. This person will provide short and long term fundamental analysis of North American Power Markets in the West. Candidate will be responsible for providing market outlooks thru developing and implementing fundamental models of demand, supply and pricing in US power markets. Bachelors in Quantitative oriented field, masters a plus. 6+ years of fundamental analysis experience. Manager of Gas Accounting â Houston A leading player in the Wholesale Energy market, has opened an office in Houston, and has us doing a search for a Manager of Gas Accounting. This Manager will be responsible for managing a team of gas accountants responsible for analyzing, verifying and reporting the gross margin related to the companyâs energy industry trading, origination and risk management activities. This person will work closely with Product Control to reconcile monthly pnl within the internal reporting, sub ledger and ledger system. The ideal candidate will have experience leading a group of Accounting Analysts in an Energy Trading environment. 6+ years of Accounting experience, with advanced knowledge of balance sheet and GL Accounting. Bachelors in Accounting w/ CPA preferred. Risk Analyst â Houston This candidate is going to assist in developing risk projects and risk modeling. Responsible for identifying, assessing and monitoring all aspects of risk management process. Strong knowledge of risk management, VaR, Monte Carlo simulations and/or option pricing models. Requires experience with power and gas transactions and associated assets. Sr. Risk Control Analyst â Houston Leading Energy Marketing Company has us doing a search for a Sr. Risk Control Analyst that will be responsible for measuring, reporting and monitoring various risk metrics. This candidate will be responsible for trade data reporting, VaR explanation, limit monitoring (stop loss, authorized trader, position limit, and VaR limits). This position will interact with trading, operations, controllers, and strategies groups. Candidate must possess experience in a risk control environment. Sr. Risk Management Specialist â Texas Candidate will be responsible for development, maintenance and enhancement of systematic risk reporting along with the reporting of the risk on the book. This person will be responsible for the daily portfolio analysis, including reporting positions, estimating p/l, and VaR for the natural gas portfolios. Ideal candidate will have 3+ years of risk experience. Strong knowledge of Risk Management Softwares. Prefer Zainet. If you are interested in or need a more detailed description of this job opportunity, email your resume to: tallen@rwr.com Truett Allen Partner, Energy Search Richard, Wayne & Roberts
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: SaltHill Group is searching for qualified candidates to fill several open positions in the energy trading divisions of hedge funds, I-Banks, and international energy companies. We work with companies nationwide and have open positions in Chicago, Charlotte, Houston, Austin, San Francisco and the New York metro area. Sample open positions include: Lead Power Virtual Trader, Position #1 MISO FTR Trader, Position #2 ERCOT Term Trader, Position #3 PJM Mid-Marketer, Position #4 Physical Power Trader, Position #5 Product Control Analyst/Manager, Position #6 Trade Compliance, Position #7 For information on these open positions, please contact chynes@salthillgroup.com by e-mail and visit our website http://www.salthillgroup.com/opportunities.html. Positions are detailed below our address, but may not be included on the website. SaltHill Group 191 North Wacker Drive, Floor 23 Chicago, Illinois 60606-1633 chynes@salthillgroup.com phone 312-422-1392 Position #1: Lead Power Virtual Trader Position is mostly focused on Virtuals, but may include FTRs in smaller ISOs. Candidates must have a Bachelors degree in a quantitative field; strong market knowledge in a few ISOs (PJM or MISO preferred); good programming skills; profitable experience with Virtual/FTR trading; and ability to take a quantitative approach to building models and trading tools using data mining and fundamental analysis techniques. Position # 2: MISO FTR Trader Position will build a MISO FTR trading platform/desk and be responsible for building the power flow and power dispatch models, as well as FTR trading in the MISO market. Candidates must have a Bachelors degree in power engineering, strong market knowledge in MISO, good programming skills, and profitable experience with MISO FTR trading. Position # 3: ERCOT Term Trader Position will build and lead the ERCOT trading desk, (develop strategy, build tools, manage hiring). Candidates must have a Bachelors degree, strong ERCOT market knowledge, ability to lead/build a desk, and consistent trading returns at past jobs. Experience trading and taking risk in a hedge fund style trading is desired. Position # 4: PJM Mid-Marketer Position is with responsible for managing customer relationships in PJM for a power producer. Candidates must have a Bachelors degree, strong market knowledge of PJM, strong knowledge of products (i.e., options, swaps, load agreements), ability to work with trade desk and senior originators, relationships with PJM participants, and experience with mid-marketing sales (1 month to 3 year deals). 2-5 years of profitable power marketing experience desired. Position # 5: Physical Power Trader Position is the initial hire and the head of the newly created physical power desk. General requirements include experience in marketing physical power across the US power grid and moving physical flows in and out of the power pools on a short-term trading horizon (i.e., day ahead, weekly, and monthly positions). Market expertise is flexible but our client is interested in West or Southeast ((SERC, FRCC and SPP) experience with related customer contacts. Must be a self-starter, can set up agreements, and work in an entrepreneurial environment. Bachelorâs degree and prior success in a similar role are required. Position # 6: Product Control Analyst/Manager Positions are responsible for the daily mark-to-market P&L, monitoring trader risk and supporting finance and accounting control processes. Candidates must have a Bachelors degree in Accounting (CPA desired) or Finance; experience in energy, investment banking or a Big 4 firm (with energy focus) and experience in an analytical finance role; and strong knowledge of energy derivatives or physical commodities. Analyst (1-5 years) and Manager (5+ years) positions are available. Position # 7: Trade Compliance Position monitors compliance with trading regulatory requirements. Candidates must have a Bachelors degree; experience in energy trading surveillance and compliance, and with CFTC, FERC, etc. Senior manager and analysts positions available. Senior position requires experience developing compliance programs.
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: Mega Energy Director, Supply Portfolio Management Location: Houston, TX Purpose: The Supply Portfolio Management position is focused on retail electricity load and risk analytics centered on actual versus forecasted load, price, and weather risks. The position is also responsible for fundamental market analysis as well as for operation and maintenance of key internal systems and processes. Houston, TX Purpose: The Supply Portfolio Management position is focused on retail electricity load and risk analytics centered on actual versus forecasted load, price, and weather risks. The position is also responsible for fundamental market analysis as well as for operation and maintenance of key internal systems and processes. Job Functions Essential Functions ▪ Assist with price, volume and revenue forecasts, analysis and reports for retail power portfolios covering ERCOT. ▪ Provide quantitative decision support and position analysis - weather risk, risk modeling, simulations and load estimation. ▪ Assist with analysis of historical electric power data to identify anomalies, such as, unusual patterns of usage, potential metering problems and missing or bad data that might impact pricing, risk and the cost to serve. ▪ Assist with the support, operation, maintenance and enhancement of key internal applications that support forward load estimation, load forecasting, portfolio management, load scheduling, valuation, risk and pricing for portfolios of electric power load. ▪ Understand energy market fundamentals and their relations to prices, loads and gross margin risk. ▪ Must maintain high standards for data quality. Requirements ▪ Demonstrated quantitative skill set - statistics, modeling and simulations ▪ Working knowledge of electric power and electric power markets ▪ Experience handling and managing issues with large quantities of electric usage data ▪ Demonstrated SAS programming experience beyond the basics ▪ Advanced knowledge of Excel and database applications ▪ Capable of working and thinking independently without close supervision ▪ Ability to handle multiple activities and deadlines ▪ Ability to handle multiple assignments on a timely basis with a high degree of accuracy. ▪ Excellent written and verbal communication skills Education /Experience ▪ Bachelor's or Master's Degree in Economics, Finance, Mathematics or similar areas ▪ 3 to 5 years quantitative experience in retail electric power To Apply Please submit resume to dwernet@mymegaenergy.com
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: Southern California Edison Sr. Energy Portfolio Analyst ¨C NB61715471EB Basic Qualifications: Must have experience with fundamental, financial and/or statistical modeling. Must have at least a Bachelor's degree in Engineering, Economics Finance, Statistics, or Mathematics, or a related technical degree. Core Competencies: ▪ Typically possesses six or more years of experience with quantitative analysis. ▪ Demonstrated experience working in the wholesale power market. ▪ Demonstrated experience forecasting, planning, and analyzing market trends. ▪ Demonstrated experience maintaining and/or utilizing complex resource optimization and dispatch models. ▪ Demonstrated experience preparing findings and presenting complex technical information. ▪ Demonstrated experience developing Excel Macros and maintaining and working with large databases. ▪ Demonstrated ability to interface effectively and collaborate with peers, clients, management, and other organizations. ▪ Demonstrated ability to work under pressure, adjust to changing priorities, and paying attention to details. ▪ Proficiency with Microsoft Word, Excel and Powerpoint. COMMENTS: Additional testing may be required as part of the selection process for this position. This position has been identified as a NERC/CIP impacted position - Prior to being hired, the successful candidate must pass a Personnel Risk Assessment (PRA) or Background Investigation. Once hired, the candidate must complete specified training prior to gaining un-escorted access to assigned work location and performing necessary job duties. Preferences: ▪ Experience with Ventyx's Prosym model. ▪ Experience modeling SCE's generation resources. Typical Responsibilities: The successful candidate will support the Price Forecasting and Dispatch Group in the Energy Planning Department by leading Southern California Edison's (SCE) portfolio resource analyses and producing SCE's Annual Energy Resource Recovery Account (ERRA) forecast and SCE's long-term fuel and purchase power budget forecast (FPPB). Typical responsibilities include: taking a lead role in developing SCE's ERRA forecast; collecting inputs from various groups for ERRA; coordinating with multiple stakeholders in establishing major assumptions; making continuous improvement over SCE's ERRA or FPPB forecast methodology and process; preparing SCE's annual ERRA forecast; preparing ERRA or FPPB forecast summary report for senior management review purposes; developing SCE's long-term (up to ten-year out) FPPB forecast and update as needed; conducting dispatch of SCE's energy supply portfolio using fundamental dispatch models; verifying input and output data; improving the fundamental modeling of SCE's supply portfolio; providing long-term SCE portfolio position update on monthly basis; supporting contract/resource valuation; supporting SCE's all source RFO effort; supporting SCE's various hedging activities and efforts; performing after-the-fact analysis on SCE's procurement and planning activities; providing strong analytical support for regulatory filings; supporting various price forecasting functions; maintaining large databases, and performing other duties and responsibilities as assigned. Edison International and Southern California Edison reserve the right to close or cancel a posting at any time. ¡ñ If you are interested in this position, please submit your resume in confidence by visiting www.edisonjobs.com. Edison International is an Equal Opportunity Employer.
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: Financial Energy Trader RMH Energy is currently seeking a qualified Financial Energy Trader with extensive knowledge of virtual and FTR products in the MISO and PJM regions. Candidates must be self motivated and have an entrepreneurial spirit. Traders will be responsible for setting up, executing, and managing trade strategies from daily to monthly positions. A good understanding of risk management is beneficial. Base salary, benefits, as well as aggressive percentage of book is being offered. RMH is looking to expand trading presence in these markets, and is willing to set up traders in satellite locations with all the tools and support required to help insure success. ÂÅ Please send a resume to info@rmhenergy.com or submit an online application at rmhenergy.com. For more information, please call 218-731-5900.
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: Senior Power Trader â ERCOT Job Summary Responsible for interacting with the market participants to develop, negotiate, and execute opportunistic business opportunities that create value for the company Accountable for delivering positive financial results from the use of the company's capital Key Accountabilities Develops and executes trading strategies in the ERCOT power market to increase margin Provides market assessments to assist the development of long term hedging strategies Analyzes and reacts to current market and competitive conditions to capitalize on market volatility Analyses and evaluates complex energy transactions to ensure that all relevant aspects including energy price, transmission, counterparty, and contractual terms are favorable to, and consistent with, company guidelines for risk management Provides periodic presentations to management regarding strategy and financial performance Works under general supervision and is self-directed Education, Experience Bachelor degree in business, scientific or quantitative field 5 - 7 years experience performing similar responsibilities with at least 3 years experience in the ERCOT market Competencies Demonstrated strong analytical and problem solving skills and ability to recommend and participate in solution implementation in area of responsibility Demonstrated ability to work as a team member and support multiple customers Solid understanding of the energy trading industry (both physical and financial), business processes, terminology, etc. Communicates effectively, ability to influence and build relationships Results oriented with a proven track record of consistent profitability Motivated, self-starter capable of working effectively in a high energy, high stress, fast paced environment Submit resume with salary history to MintonJ@DTEEnergy.com.
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: City of Glendale, CA Energy Marketer/Trader $7,823 - $11,379 per mo. Education: Associate of Arts or Science degree in engineering, computer science, business, finance, economics or a related field. Bachelorâs Degree in any of the above fields is highly desirable. Experience: Six years increasingly responsible sub-professional engineering experience or power system operation dispatch experience in the electrical utility field. Some experience trading in the California Independent System Operator market is required. To apply, must submit official city application. Go to http://www.ci.glendale.ca.us/hr.asp. For full position information call 818-548-2110.
ET Members, I get emails all the time from headhunters, so I will share some of the more recent vintages: PSEG, a publicly traded diverse energy company with annual revenues of more than $11 billion, located in the downtown business district in Newark, New Jersey, which is about 10 miles west of New York City is a seeking an Energy Trader. PSEG Power: FTR Energy Trader â Newark, NJ Req. # 12460 Job Description: Support day-to-day regional trading activities as required in any of the organized markets (PJM, NY-ISO, ISO-NE). Explain congestion-related events on transmission grid and forecast transmission congestion in advance including price impacts both day ahead and real time. Perform quantitative FTR analysis for monthly, seasonal and annual regional market auctions in order to build and optimize the FTR portfolio of productive source/sink paths, including the development of FTR path valuations and bid strategies. Utilize OASIS tool to analyze and contract transmission. Required Qualifications: Bachelor's degree in business, math or engineering 8 years trading experience or directly-applicable equivalent experience. Experience in a physical or commodity trading environment In depth understanding of electric power system operations and power portfolio management (including demand, generation and congestion management tools). Desired: Experience with PSSE, Dayzer or other load flow tools To apply: Please visit our website at: www.pseg.com/careers. PSEG is proud to be an EEO/AA Employer.