Manager Gas Trading

DTE Energy; Oregon; Hybrid; USD 150,000 - 230,000; Full time

Job summary

DTE Energy is seeking a Manager, Gas Trading to drive value by analyzing regional gas markets, developing and executing trading strategies, and monitoring risk across trades. The role includes oversight of trading professionals and adherence to risk processes to ensure strong financial outcomes.

Ideal candidates have a Bachelor's degree with at least 5 years of trading experience in gas markets, and a thorough understanding of hedging, VaR, and market dynamics.

Qualifications

• A Bachelor's Degree and at least 5 years of trading experience.
• Thorough understanding of North American gas markets.
• Knowledge of hedging and trading techniques for gas markets.
• Understanding of risk measurement techniques such as VaR used in trading activity.
• Strong oral and written communication; ability to operate in a fast-paced market environment.

Responsibilities

• Analyzes markets in the assigned region and develops and executes proprietary trading strategies.
• Accountable for delivering positive financial results from the use of the company's capital.
• Manages capital allocation for positions and develops optimal trade execution strategies while managing the associated risks of the strategy.
• Routinely trades NG futures, options, and swaps on exchanges and OTC markets related to the assigned regional market.
• Provides periodic presentations to management regarding strategy, financial performance, and market dynamics.
• Performs all other related duties as assigned.

Skills

Market analysis

Trading strategy

Risk management

MS Office

Communication skills

Teamwork

Education

Bachelor's degree

Degrees in economics/finance/accounting/engineering

Job description

DTE is one of the nation's largest diversified energy companies. Our electric and gas companies have fueled our customer's homes and Michigan's progress for more than a century. And as Michigan's largest source of renewable energy, we're creating a cleaner, healthier environment to power our future. We're also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states. But we're more than a leading energy company... and working at DTE is more than just a job. At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you'll be part of a team that welcomes, recognizes, and celebrates differences, and values everyone's health, safety, and wellbeing. Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things.

Job Summary

Location: Houston, TXThe Manager, Gas Trading is responsible for creating value through analyzing and understanding the market in the region assigned. They will be able to place trades with predetermined exit and stop levels, monitor the market, and follow the risk management processes and procedures. Further, they will have oversight of their respective employees in their trading and analysis of the relevant region and ensure that they follow the established risk processes and procedures. They will also evaluate the results and talent of their employees on a bi-annual and annual basis.

Key Accountabilities

• Analyzes markets in the assigned region and develops and executes proprietary trading strategies
• Accountable for delivering positive financial results from the use of the company's capital
• Manages capital allocation for positions and develops optimal trade execution strategies while managing the associated risks of the strategy
• Routinely trades NG futures, options, and swaps on exchanges and associated OTC markets related to the assigned regional market to which the company has exposure
• Provides periodic presentations to management regarding strategy, financial performance, and market dynamics
• Considers potential trades over several different time horizons and the interrelations and connectivity between several disparate supply/demand factors
• Performs all other related duties as assigned

Minimum Education & Experience Requirements

• A Bachelor's Degree from an accredited college or university and at least 5 years of trading experience in applicable industries

Other Qualifications

Preferred:

• Bachelor's degree in economics, finance, accounting, or engineering
• Thorough understanding of North American gas markets, including, but not limited to, supply and demand, logistics, regulations, and operations
• Specific knowledge of hedging and trading techniques for specific region
• Thorough understanding of all financial and physical products that are viable for executing trading strategies and hedges
• Thorough understanding of risk measurement techniques such as VaR used in measuring specific trading activity

Other Requirements:

• Working knowledge of finance, accounting, production, operations, and public policy issues facing the natural gas market in the assigned region
• Ability to operate in a fast-paced dynamic commodity market environment, where there are often time constraints and time sensitive deadlines
• Effective oral and written communication internally and externally
• Strong proficiency in MS Office
• Works effectively with a team to accomplish shared objectives

Physical Demands & Working Conditions

• Occasionally stand or walk and stoop or kneel. Frequently, the employee is required to sit
• Talk or hear, both in person and by telephone; use wrists, hands and/or fingers in a repetitive motion; and reach with hands and arms extensively
• Occasionally lift objects of up to 10 pounds in weight
• Use computers with exposure to video display terminals; and some repetitive motion associated with data entry, the use of a computer mouse, and while using other office equipment
• Vision requirements for this position include close vision, color vision, depth perception and the ability to adjust focus

The employee performs job duties primarily in a work from home capacity and periodically from a climate-controlled office environment, with a moderate noise level.

Additional Information

Incumbents may engage in all or some combination of the activities and accountabilities, and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct and control the work of employees under their supervision.

PRIVACY NOTICE TO CALIFORNIA JOB APPLICANTS

At DTE Energy, we are committed to providing an inclusive workplace where everyone feels welcome and a sense of belonging. We seek individuals with a heart for service, a passion to help our communities prosper, and ideas to help shape the future of energy. We are proud to be an equal opportunity, employer that considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by applicable federal and/or state laws.