ERCOT Energy Markets Optimizer

Iren Group; Fort Worth (TX); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive compensation and incentive

Equity programmes

Relocation assistance

Paid time off

Job summary

IREN is seeking an Energy Markets Optimization Specialist/Manager to execute trading and optimization across our data centre portfolio, with a primary focus on ERCOT. You will manage day-ahead and real-time market exposure, execute transactions and hedges across the portfolio, and support wholesale procurement and CRR activities.

The role demands strong power market knowledge, disciplined risk management and the ability to collaborate with Operations, Finance, Site Development, QSEs and external

Qualifications

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, Energy Management or related field.
• Minimum five to eight years of experience in wholesale power markets, energy trading, asset optimisation, scheduling, risk management or energy portfolio management.
• Hands-on ERCOT experience preferred, including day-ahead and real-time markets, nodal pricing, congestion, CRRs, ancillary services, settlements and QSE operations.
• Strong quantitative skills to interpret market data, build trading views, and translate analysis into actions.
• Experience with hedging instruments — PPAs, swaps, futures, options and structured products; bilateral transactions, ISO settlements, P&L attribution and risk governance.
• Advanced Excel skills; Python, SQL, VBA, ETRM systems experience is a plus.

Responsibilities

• Execute energy trading and optimisation strategies across IREN's portfolio, focusing on ERCOT day-ahead and real-time markets.
• Execute transactions across the portfolio, including PPAs, swaps, futures, options and structured products.
• Monitor market fundamentals, load forecasts, weather, outages, and ISO conditions to inform trading decisions.
• Apply fundamental analysis to time transactions using market intelligence and views.
• Execute hedges and support monetisation strategies for wholesale power exposure; track positions and perform P&L reporting.
• Manage FTR/CRR, basis, congestion, and ancillary services positions to hedge price differences.
• Coordinate with QSEs, retailers, schedulers and counterparties for nominations, settlements, and risk management.
• Maintain counterparty relationships to support efficient execution and risk governance.
• Prepare market updates and recommendations for leadership.

Skills

ERCOT market knowledge

Quantitative analysis

Risk management

Clear communication

Cross-functional collaboration

Trading experience

Education

Bachelor's degree in Finance/Economics/Engineering

Advanced degree preferred

Tools

Excel

Python

SQL

ETRM systems

ISO portals

Job description

IREN is seeking an Energy Markets Optimization Specialist/Manager to execute trading and optimization across our data centre portfolio, with a primary focus on ERCOT. You will manage day-ahead and real-time market exposure, execute transactions and hedges across the portfolio, and support wholesale procurement and CRR activities.

The role demands strong power market knowledge, disciplined risk management and the ability to collaborate with Operations, Finance, Site Development, QSEs and external