Power Congestion Trader - PJM - EVERGREEN

ENGIE; Houston (TX); On-site; USD 180,000 - 300,000; Full time

Job summary

ENGIE Energy Marketing North America, based in Houston, is seeking a Power Congestion Trader for PJM. In this evergreen posting, you will deploy nodal trading strategies, analyze ISO congestion products, and work with asset managers to maximize revenue while complying with ISO protocols.

The role requires a strong Finance/Engineering background and 10+ years in congestion trading, PJM experience, and proficiency in Excel, Python, SQL.

Qualifications

• Bachelor's degree in finance, economics, engineering, mathematics or similar discipline.
• Ten+ years of relevant work experience with at least 5 years in a congestion trading role in PJM.
• Strong working knowledge of power network topology and risk management.

Responsibilities

• Deploy nodal trading strategies using ISO congestion products across relevant periods.
• Develop a systematic approach to fundamental analytics and trade execution.
• Communicate improvements in performance benchmarks to the organization.
• Serve as central resource on ISO information, collaborating with multiple groups.
• Communicate trade drivers and decisions in a timely manner.
• Ensure compliance with ISO and company protocols.
• Identify opportunities to create new revenue streams and virtual markets.
• Support asset managers with ISO fundamental views and analyses.
• Participate in ISO meetings and assess commercial impacts for the team.

Skills

Analytical thinker

Clear communicator

Autonomous worker

Risk management

Problem solving

Dialogue and debate

Education

Bachelor's degree in finance, economics, engineering, mathematics

Tools

Dayzer

PLEXOS

Excel

VB

Python

R

SQL

Job description

Power Congestion Trader - PJM - EVERGREEN

HOUSTON, United States, 77056 | HOUSTON, United States, 76590

ENGIE ENERGY MARKETING NA, INC.

Permanent

Full - Time

Please note that this is an evergreen job posting designed to attract individuals interested in future opportunities. While it does not correspond to a specific open position, submitting your resume here will enable our recruiters to reach out to you as new opportunities arise.

What You Can Expect

As a Congestion Trader at ENGIE Energy Marketing North America based in the Galleria area of Houston, you will report to the Director of Congestion Trading. You will be responsible for the deployment of nodal trading strategies. Independent System Operator’s (ISO’s): Pennsylvania-New Jersey Interconnection (PJM).

• You will deploy fundamental-based nodal trading strategies using ISO congestion products across various periods in the relevant ISO
• You will develop a systematic approach to fundamental analytics and trade execution
• You will communicate and demonstrate improvements in the performance benchmarks per the need of the organization
• You will act as the central resource of the firm regarding the relevant ISO information, working with various groups in the organization
• You will communicate the decisions and drivers behind your trades in a timely manner and per the need of the organization
• You comply with the ISO and company protocols
• You will develop opportunities to generate new revenue streams such as deal flows and virtual markets
• You will support asset managers with ISO fundamental views/ analyses
• You will participate in ISO meetings as appropriate, and assess and communicate commercial impacts to the team

What You’ll Bring

• A minimum of Bachelor’s degree in which you completed courses in finance, economics, engineering, mathematics or similar discipline
• A minimum of ten (10) years of relevant work experience, including a minimum of five (5) years in a congestion trading role in PJM
• You possess a strong working knowledge of power network topology
• You are a disciplined risk manager
• You are a highly analytical thinker and understanding of probability and risks
• You must enjoy problem solving and creating trading opportunities
• You are a clear and effective communicator
• You have and display a willingness to engage in dialogue and debate with colleagues
• You can work autonomously and be flexible
• You have experience with Day-Ahead Locational Market Clearing Prices Analyzer (Dayzer), PLEXOS or similar software
• You are Proficient in Excel, VB, Python, R, Structured Query Language (SQL)

Compensation

Salary Range will be included in the formal job posting once a specific level of opportunity is determined and posted.

At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, Employee Stock Purchase Plan, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all – we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. Learn more .

Why ENGIE?

ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

At ENGIE, every talent has a role to play in the adventure of the century. Make a difference and enjoy a fulfilling professional experience. Take on exciting challenges and build a career path that reflects who you are.

Join us and be part of the adventure!

ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an inclusive workplace for all employees. We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.

If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at [e-mail]. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.

The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.ENGIE North America isn’t just participating in the Zero-Carbon Transition, we’re leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.

Business Unit: Supply & Energy Management

Division: BP POWER TRADING & COMMERCIAL

Legal Entity: ENGIE ENERGY MARKETING NA, INC.

Company Name: ENGIE North America

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