FTR Trader

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

Benefits offered by this job

Annual discretionary bonus

Direct exposure to experienced traders

Job summary

LeoForce is seeking an experienced FTR Trader in New York to research and trade FTR and congestion opportunities across ISO/RTO markets, and to develop, test, implement, and refine quantitative trading strategies.

You will analyze trades, positions, portfolio exposures, market conditions, and new opportunities, while managing risk through the full trading lifecycle and collaborating with traders and analysts.

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.
• Ability to operate effectively in a fast-moving trading environment.

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

Quantitative analysis

Programming

Risk management

ISO/RTO knowledge

Trading lifecycle

Job description

FTR Trader

New York,NY, US

6910862

Job Description

Experience: Mid Level

Salary: $250,000 - $300,000 per year

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.

A bit about us

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.