Power Trader

DV Trading, LLC; Chicago (IL); Remote; USD 120,000 - 175,000; Full time

Job summary

Join a dynamic and rapidly growing division specializing in energy trading. This role offers the chance to take ownership of key positions within the power desk while working alongside experienced traders. As part of an innovative firm, you will leverage your skills in power trading and quantitative modeling to drive success in a fast-paced environment. With opportunities for growth and the ability to work remotely or from multiple offices, this position is perfect for self-starters eager to make a significant impact in the energy markets. Embrace the challenge and be part of a team that values diverse talents and perspectives.

Qualifications

• Experience in power trading or electrical engineering is essential.
• Strong proficiency in Excel and VBA, with knowledge of SQL and Python preferred.

Responsibilities

• Own P&L in power business, build trading models, and ensure risk compliance.
• Collaborate with senior traders and identify new trading opportunities.

Skills

Power Trading

Electrical Engineering

Excel

VBA

SQL

Python

Statistical Modeling

Problem Solving

Multitasking

Job description

Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 350 people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

We invest in exceptional individuals and empower them to realize their goals and make a lasting positive impact on our organization. Engaging a diverse group of talented people from different cultural, socioeconomic, and educational backgrounds helps provide us with a competitive advantage that drives our success.

DV Energy is a rapidly growing division that specializes in trading crude oil, refined products, natural gas, and related energy markets across US, Europe, and Asia. Our proprietary risk management and trading methodologies along with a strong ability to adapt to changing conditions has allowed DV Energy to grow into one of the largest financial participants within the global energy complex.

Overview

DV Energy is looking for someone eager to join an actively growing US power team as we build out our US presence. Opportunity to join from the ground floor and take ownership of key roles within the power desk. Currently trading within PJM, MISO, and ERCOT, we are actively looking to grow our presence within these ISOs in financials, virtuals, and FTRs/CRRs while also moving into SPP, CAISO, NYISO. This job can work from one of DV Trading’s many offices or be fully remote.

Job Responsibilities

• Primary owner of P&L in one or multiple areas of power business
• Build and maintain fundamental and quantitative trading models
• Work with risk to ensure compliance with agreed upon risk management metrics and sizing
• Liase side by side with senior energy traders to share best practices / learnings where applicable
• Learn proprietary methodologies and trading systems that support an established trading business
• Grow existing trades and P&L while identifying and pursue new opportunities
• Further responsibilities may be driven by the individual’s interests and specific skills

Requirements

• Power trading and/or electrical engineering experience required
• Self-starter with entrepreneurial spirit
• Able to learn quickly in a fast paced, high pressure environment
• Targeted ISO experience and knowledge of fundamental grid
• Maintain composure and communicate clearly when under pressure
• Ability to succeed working as part of a diversified team
• Strong understanding of math, probability, and statistics
• High level of proficiency in Excel and VBA; SQL, python, statistical modeling, other programming a plus
• Advanced aptitude for problem solving and multitasking
• Proven track record with historical P&L preferred

Annual compensation range $120 – $175K + discretionary bonus eligibility