Day-Ahead Trader

RWE; Chicago (IL); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Discretionary bonus

Relocation package

Job summary

RWE Supply & Trading Americas, LLC in Chicago seeks a Day Ahead Trader to join our growing Short-Term asset optimization team. You will execute trading strategies across US power markets and support the optimization of day-ahead revenues for our assets.

The role requires a mathematics/economics background, experience in energy trading, and fluency with market models, Yes Energy tools, SQL, and Python. You will collaborate with a diverse team and may cover weekends or holidays as needed.

Qualifications

• University degree in Mathematics, Economics, (Electrical) Engineering or related field.
• Experience in energy/gas trading with PJM, ERCOT, MISO, CAISO, ISO-NE or SPP nodal markets.
• Experience with Yes Energy, Dayzer, EMS, ETRM, and bid-to-bill software.
• Understanding of commercial optimization of wind and solar energy facilities, electric transmission, thermal generation, gas transportation, along with forecasting methods.
• Demonstrate a self-confident natural behavior and be comfortable to handle uncertain market situations.
• Excellent analytical mindset, striving for optimization and performance.
• Strong team player & excellent communicator with a high degree of personal commitment, motivation and the ability to work independently
• Proven capability to handle multiple tasks effectively in high-pressure situations.
• Reliability and accountability in meeting deadlines.
• Proficiency in SQL and Python is highly desirable.

Responsibilities

• Responsible for ISO trades at the HB and Nodal level (PTPs, Incs/Decs, Energy Only Offers, Three-Part Offers, etc)
• Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Day-ahead market
• Apply our fundamental market models to test and derive your trading strategy
• Determine offer and bid prices for the Day-Ahead markets, and occasionally negotiate the sale or purchase of power to enhance profitability and resource utilization
• Maximize the value of generation resources through strategic purchases and sales of energy while adhering to the company’s overall strategies and established parameters.
• Monitor the dispatch of generating assets and provide necessary assistance
• Build and maintain collaborative relationships with our fundamental market experts and various other experts across the group
• Build-up performance dashboards and automate workflows to streamline our daily trading routine
• Possibility of weekend and holiday coverage.

Skills

Energy trading experience

Yes Energy Dayzer EMS ETRM

SQL

Python

Analytical mindset

Team player/communication

Risk assessment

Multi-tasking

Reliability & accountability

Market uncertainty handling

Education

University degree in Mathematics/Economics/Electrical Engineering

Tools

Yes Energy

Dayzer

EMS

ETRM

Job description

Your future plans

The Day Ahead Trader will join a dynamic team focused on optimizing returns for RWE’s growing portfolio of generating assets. Our trading activities are focused around various ISOs across the US (e.g. ERCOT, NYISO, SPP, MISO, PJM). This new role is a key part of our expanding Short-Term asset optimization team and is based in downtown Chicago.

RWE Supply & Trading Americas, LLC

To start as soon as possible

Your future plans

The Day Ahead Trader will join a dynamic team focused on optimizing returns for RWE’s growing portfolio of generating assets. Our trading activities are focused around various ISOs across the US (e.g. ERCOT, NYISO, SPP, MISO, PJM). This new role is a key part of our expanding Short-Term asset optimization team and is based in downtown Chicago.

Your role is to primarily execute trading strategies in multiple US power markets, develop and maintain our models, and to deploy trading capital to make profitable decisions. You will be managing, optimizing and maximizing the day-ahead revenues for our assets in the US – Responsible for ISO trades at the HB and Nodal level, in close cooperation with the Congestion team. Furthermore, you will closely work with a fast growing team of energy trading professionals from diverse backgrounds.

Responsibilities

• Responsible for ISO trades at the HB and Nodal level (PTPs, Incs/Decs, Energy Only Offers, Three-Part Offers, etc)
• Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Day-ahead market
• Apply our fundamental market models to test and derive your trading strategy
• Determine offer and bid prices for the Day-Ahead markets, and occasionally negotiate the sale or purchase of power to enhance profitability and resource utilization
• Maximize the value of generation resources through strategic purchases and sales of energy while adhering to the company’s overall strategies and established parameters.
• Monitor the dispatch of generating assets and provide necessary assistance
• Build and maintain collaborative relationships with our fundamental market experts and various other experts across the group
• Build-up performance dashboards and automate workflows to streamline our daily trading routine
• Possibility of weekend and holiday coverage.

Your Powerful Skills

• University degree in Mathematics, Economics, (Electrical) Engineering or related field
• Experience in energy/gas trading environment with experience in PJM, ERCOT, MISO, CAISO, ISO-NE, or SPP nodal markets.
• Experience with Yes Energy, Dayzer, EMS, ETRM, and bid-to-bill software is required.
• Understanding of commercial optimization of wind and solar energy facilities, electric transmission, thermal generation, gas transportation, along with forecasting methods.
• Demonstrate a self-confident natural behavior and be comfortable to handle uncertain (market) situations
• Excellent analytical mindset, striving for optimization and performance
• Strong team player & excellent communicator with a high degree of personal commitment, motivation and the ability to work independently
• Proven capability to handle multiple tasks effectively in high-pressure situations.
• Reliability and accountability in meeting deadlines.
• Proficiency in SQL and Python is highly desirable.

Benefits You Can Rely On

• 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 execution performance
• Team work, support and openness, visibility and recognition of own work
• Salary: $125,000 - $175,000
• Relocation package available

We look forward to meeting you!

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. #inclusionmatters

Of course, you can find us on LinkedIn, Twitter and Xing, too.

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Around 2,000 employees from over 70 different countries trade electricity, gas, commodities and CO2 emission allowances. The trading entity also ensures the commercial optimisation of RWE’s power plant dispatch and markets electricity from RWE.