Sr. Energy Trader

Capital Power; Calgary; On-site; CAD 80,000 - 120,000; Full time

Job summary

Join a forward-thinking energy company dedicated to transforming the power landscape for a sustainable future. This role offers a unique opportunity to manage and optimize a diverse power portfolio while contributing to significant financial targets. You will leverage your analytical skills and market knowledge to develop strategies that enhance profitability and drive results. Collaborate with a dynamic team in a supportive environment where your contributions are valued. If you are passionate about energy solutions and eager to make a meaningful impact, this position is perfect for you.

Benefits

Flexible Employee Benefits

Retirement Savings

Paid Time Off

Comprehensive Onboarding

Career Development Programs

Referral Reward Program

Qualifications

• 5+ years of transactional and analytical experience in power markets.
• Proficiency in Excel and familiarity with data coding tools.

Responsibilities

• Manage AESO power portfolio and execute trading strategies.
• Forecast power prices and maintain fundamental models.

Skills

Analytical Skills

Portfolio Management

Market Fundamentals Understanding

Communication Skills

Trading Execution

Education

Bachelor's Degree in Engineering

Bachelor's Degree in Economics

Bachelor's Degree in Computer Science

Bachelor's Degree in Finance

Bachelor's Degree in Mathematics

CFA or FRM Certification

Tools

Excel

Python

R

SQL

Snowflake

Data Bricks

Job description

A little about Capital Power

Capital Power (TSX: CPX) is dedicated to Powering Change by Changing Power. This north star guides our ambitions, focus, and actions as we transform our energy system to power a lower-carbon future. We're a growth-oriented North American energy company headquartered in Edmonton, Alberta. Our team safely delivers, builds, and creates balanced energy solutions for customers across North America.

Our people are at the core of our journey to deliver reliable, affordable, and lower-carbon power solutions. We provide purpose-driven work in a safe and inclusive environment, and we live by our North Star. With us, your contributions matter – we want you to be empowered to innovate, collaborate, and ultimately drive results. We're here to partner with you so you can learn, grow, and forge a career that's meaningful to you. Join us in powering North America!

Your Opportunity

Two Permanent Full Time Positions

These roles focus on forward managing of Capital Power’s AESO power and transmission portfolio exposures from next day through to 5-years forward. These are key positions that require a firm understanding of AESO and surrounding region power market fundamentals and the ability to translate these fundamentals into portfolio strategy and ultimately trade execution to deliver the highest risk-adjusted return possible.

You will contribute to our team by:

• Working towards delivering $500-$800M of annual AESO portfolio EBITDA, including incremental trading targets that range from $15M to $30M/year
• Updating, running and maintaining AESO fundamental models to forecast power prices and positions
• Creating and recommending portfolio strategy and positioning for the next ~18-months
• Pricing of Origination deals
• Executing the Long-Term Hedging Plan across the 2-10-year+ horizon
• Aligning with our gas trading and related strategy to ensure optimal spark spread hedge value is delivered
• Interfacing with the Real-Time desk/manager on asset operations and short-term strategies
• Optimizing our long-term transmission assets into Mid-C through trading Mid-C markets and creating trading value through-time
• Creating and trading Ancillary Services strategies
• Running daily P&L models
• Proactively communicating market and portfolio changes to leadership
• Providing input into regulatory files such as AESO market redesign

What you will bring to the role:

Education:

• Minimum a bachelor degree in engineering, economics, computer science, finance and/or mathematics
• Preference towards CFA, FRM or other financial designation holders

Experience:

• Ideally a minimum of 5-years of transactional and analytical experience, ideally closer to 10-years

Technical Skills:

• Full proficiency with Excel
• Preference towards individuals who have competency with data and coding, specifically working knowledge of Python, R, SQL, Snowflake, Data Bricks and otherwise

Working Conditions:

• 4-days a week in the office, Mon – Thurs. May require 5-days a week in the office along with some odd hours and weekend work depending on the season and what is happening in the portfolio. No travel requirements

Additional Details:

This position will remain open until suitable candidates are found. In order to be considered for this role you must be legally eligible to work in Canada. The successful candidate for this position will undergo an education verification, reference checks and criminal record check.

Capital Power employees that refer a successful candidate for this position are eligible for a $1000 Referral Reward!

We believe that creating a culture that supports employee physical, mental, financial, and social wellbeing is critical to our success. That is why we provide flexible and affordable employee benefits, retirement savings, and paid time off programs. We also provide comprehensive onboarding, training, and programs supporting your career development.

Depending on the posting requirements relocation assistance may be available.

How To Apply and Next Steps

Capital Power only accepts resumes via online application at www.capitalpower.com/careers. If you choose to submit your resume by any other means, we cannot guarantee that your application will be considered for vacancies.

Applicants with disabilities who require a reasonable accommodation to complete their application can request accessible formats, communication support, or other accessibility assistance by contacting [e-mail].

Capital Power is committed to providing a fair and transparent hiring process. We recognize and embrace the value of diversity and hire employees with the appropriate skills, experience and knowledge for each position.

Thank you for taking the time to apply and expressing interest in powering a sustainable future with Capital Power! We wish that we could personally respond to everyone who applies; however, it is our practice to contact only those individuals selected for interviews.