Power Trader at Orsted Chicago, IL

Orsted; Chicago (IL); On-site; USD 130,000 - 160,000; Full time

Benefits offered by this job

Fully paid family health insurance

401K retirement plan with employer match

18 weeks of parental leave

Flexible spending accounts

Volunteering time off

Amazon book benefit

Job summary

A leading energy company in Chicago is seeking a Power Trader to collaborate with the Lead Trader on market decisions and trading strategies. The ideal candidate will have experience in real-time or virtual trading and possess strong knowledge of US power markets. You will be part of a dynamic team focused on optimizing portfolio value while navigating market risks. This role offers a competitive salary and comprehensive benefits, including health coverage and generous paid time off.

Qualifications

• Experience in real-time or virtual trading, or equivalent experience.
• Strong knowledge of US power markets, including ERCOT.
• Demonstrated analytical skills and proficiency with programming languages.

Responsibilities

• Assess near-term market risks and execute trades to optimize output value.
• Reconcile trading positions and virtual awards.
• Support development and execution of trading strategies.

Skills

Experience in real-time or virtual trading

Strong knowledge of US power markets

Analytical skills

Proficiency with Python

Proficiency with R

Proficiency with VBA

Proficiency with SQL

Effective communication skills

Relationship-building skills

Adaptability

Job description

Power Trader job at Orsted. Chicago, IL.

Join us in this role where you’ll work closely with the Lead Trader to make daily market decisions, primarily in the Day Ahead market, and contribute to developing trading strategies that maximize portfolio value.

Welcome to Asset Management You’ll be part of our Trading team where you, together with your colleagues, will manage market exposure for a diverse portfolio of wind, solar, and battery storage assets. You will collaborate across functions to ensure efficient and sustainable operations. As a team, we value integrity, collaboration, and continuous improvement, fostering an environment where ideas are shared and innovation thrives. You’ll play an important role in:

• assessing near-term market risks and executing trades to optimize output value
• reconciling trading positions and virtual awards
• supporting development and execution of trading strategies using virtuals, congestion, and futures products
• monitoring weather models to evaluate and mitigate weather risk
• collaborating with Market Analytics to create ongoing market and trading evaluation reports
• assisting in new market entry and capabilities, such as capacity markets

To succeed in the role, you:

• have experience in real-time or virtual trading, or equivalent experience
• possess strong knowledge of US power markets, including ERCOT
• demonstrate analytical skills and proficiency with Python, R, VBA, or SQL a plus
• communicate effectively and build strong relationships across teams
• are adaptable and thrive in a fast-paced, dynamic environment
• bring curiosity and a proactive approach to problem-solving

Maybe you’ve read the above and can see you have some transferable skills, even though they don’t quite match all the points. If you think you can bring something to the team, we still encourage you to apply.

Shape the future with us Send your application to us as soon as possible. We’ll be conducting interviews on a continuous basis and reserve the right to take down the advert when we’ve found the right candidate. As an applicant or employee, you may request reasonable work and position accommodation or adjustments via [e-mail]. Please note that for your application to be taken into consideration, you must submit your application via our online career pages and answer the screening questions relevant for your country. We don't take applications or inquiries from external recruiters or agencies into account for this position. Power Trader: (130,000-160,000) Discretionary Bonus: 12.5 target of base compensation; may be changed or suspended based on the discretion of the compan. Keep in mind this range is dependent on candidate location. Our benefits package for Power Trader position for active employees who meet eligibility: fully paid family insurance coverage for health, life, dental, and vision; flexible spending accounts; health savings accounts; short- and long-term disability insurance; an Employee Assistance Program; 18 weeks of parental leave with an additional short-term disability benefit of 6-8 weeks; a 401K retirement savings plan with up to 5% employer match; commuting benefits; 7 paid sick days per year; 20 paid time off days; 13 paid holidays annually; 12 weeks of paid parental leave; 16 hours of volunteer time off; and a book benefit from Amazon of up to $25 per month.