FTR Trader

Australia-Employment; New York (NY); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Annual bonus

On-site in New York

Growth opportunities in FTR trading

Job summary

Australia-Employment's FTR Trader position in New York is a highly quantitative role focused on congestion markets across ISO/RTOs. The role covers research, modeling, implementation, portfolio construction, risk management, and performance analysis.

You will work with experienced traders and analysts in a fast-moving environment, mentoring juniors and pushing for innovative trading strategies, technology, and processes.

Qualifications

• 2+ years of experience as an FTR Trader or in a closely related congestion/power trading role.
• Strong working knowledge of at least one ISO/RTO.
• Experience with the complete lifecycle of a trading strategy.
• Portfolio and trading risk-management experience.
• Experience with quantitative modeling and programming.
• Strong analytical ability with comfort using probability and statistics to solve trading problems.

Responsibilities

• Research and trade FTR and congestion opportunities across one or more ISO/RTO markets.
• Develop, test, implement, and refine quantitative trading strategies.
• Analyze trades, positions, portfolio exposures, market conditions, and new trading opportunities.
• Manage strategy and portfolio risk throughout the full trading lifecycle.
• Apply statistical, probabilistic, modeling, and programming techniques to power-market problems.
• Collaborate with traders and analysts while helping mentor junior members of the FTR team.

Skills

FTR trading

ISO/RTO knowledge

Trading lifecycle

Risk management

Quantitative modeling

Programming

Analytics

Fast-paced environment

Job description

FTR Trader

$250000 - $300000 per year | New York, NY | On-site | Permanent

FTR Trader | Quantitative Power Trading | $250K–$300K Base + Bonus

A highly sophisticated quantitative trading firm is expanding its Financial Transmission Rights trading operation in New York and is looking for an experienced FTR Trader to join the team.

This role is built for someone who can contribute immediately across congestion markets while continuing to develop new strategies across multiple ISO/RTOs. You will have exposure to the complete lifecycle of a trading strategy, including research, modeling, implementation, portfolio construction, risk management, and ongoing performance analysis.

You will work alongside experienced FTR traders and analysts while also collaborating with other trading desks across the firm. The environment is highly quantitative and research-driven, with significant emphasis on continually developing better strategies, technology, and trading processes.

Why join us?

• $250,000–$300,000 base salary.
• Annual discretionary bonus.
• Opportunity to join a growing FTR trading operation.
• Direct exposure to experienced traders and quantitative analysts.
• Cross-desk collaboration within a sophisticated proprietary trading environment.
• Significant opportunity to contribute to new trading strategies, technology, and processes.

Job Details

WHAT YOU'LL DO

• Research and trade FTR and congestion opportunities across one or more ISO/RTO markets.
• Develop, test, implement, and refine quantitative trading strategies.
• Analyze trades, positions, portfolio exposures, market conditions, and new trading opportunities.
• Manage strategy and portfolio risk throughout the full trading lifecycle.
• Apply statistical, probabilistic, modeling, and programming techniques to power-market problems.
• Collaborate with traders and analysts while helping mentor junior members of the FTR team.

WHAT WE'RE LOOKING FOR

• 2+ years of experience as an FTR Trader or in a closely related congestion/power trading role.
• Strong working knowledge of at least one ISO/RTO.
• Experience with the complete lifecycle of a trading strategy.
• Portfolio and trading risk-management experience.
• Experience with quantitative modeling and programming.
• Strong analytical ability with comfort using probability and statistics to solve trading problems.
• Ability to operate effectively in a fast-moving trading environment.