Senior Analyst, Structured Trading

AES; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Job summary

AES Clean Energy Services, LLC is seeking a Senior Analyst, Structured Trading to analyze ERCOT markets, design dispatch and merit-order models, and develop trading strategies. You will collaborate with trading, risk, and regulatory teams to optimize PnL and manage energy exposure across US ISOs.

The role requires a quantitative background with 5+ years in energy markets, strong modeling skills, and experience with risk assessment and commercial analysis for renewable assets.

Qualifications

• Bachelor’s degree in Engineering, Economics, Finance or related quantitative field.
• 5 years of experience with commercial analysis for the energy industry.
• Experience with power markets and renewable asset revenue streams.

Responsibilities

• Analyze ERCOT real-time and cash markets for weather and price risk.
• Design models to simulate generator dispatch and merit order in ERCOT.
• Develop and execute trading strategies to meet PnL targets.
• Support asset exposure management across US ISOs and CRR auctions.
• Develop VaR models and forward curves for valuation of energy positions.

Skills

Power markets

Quantitative analysis

Risk modeling

Trading strategies

Asset management

Education

Bachelor’s degree in Engineering, Economics, Finance

Tools

ETRM systems

Risk modeling tools

Job description

Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation, the largest US‑based global power company with a team of 8,300 employees across 12 countries.

AES has been ranked #1 by BloombergNEF in renewable energy sales to corporations in the US and Americas for five consecutive years, providing electricity for millions of people worldwide.

We are proud to foster a strong workplace culture, earning prominent positions in Great Place to Work™ rankings across the markets where we operate. AES was also named one of the World's Most Ethical Companies for the 13th consecutive year in 2026, highlighting our dedication to integrity, transparency, and responsible business practices.

Our spirit of innovation continues to earn industry recognition. AES is the only seven‑time winner of the Edison Electric Institute’s Edison Awards in the twenty‑first century, a distinction honoring global leadership in advancing the electric power industry.

TITLE: Senior Analyst, Structured Trading

EMPLOYER: AES Clean Energy Services, LLC

LOCATION: 1201 Fannin Street, Suite 500, Houston, TX 77002

DUTIES: Analyze ERCOT [Electric Reliability Council of Texas] real time and cash markets for weather risk,

price risk, trading opportunities. Design and develop stack models to simulate generator dispatch behavior

and merit order in ERCOT. Develop and execute trading strategies in ERCOT to achieve defined PnL [Profit

and Loss] targets. Support term trading strategies to manage asset energy exposure in ERCOT. Build and

maintain fundamental natural gas models to identify correlations and impacts on power markets. Evaluate

capacity and resource adequacy markets across U.S. ISOs [Independent System Operators], working

closely with trading, regulatory, and fundamentals teams. Analyze basis and congestion markets and

design risk-mitigating strategies to manage portfolio exposure. Develop and execute strategies to

participate in Congestion Revenue Rights (CRR) auctions for both hedging and proprietary trading

purposes. Register AES legal entities to be market participants in de-regulated power and congestion

markets. Monitor and manage collateral exposure for trading activity. Develop commercial risk modeling

including historic and parametric Value at Risk (VaR) models to benchmark risk valuations. Mark forward

curves for valuation of energy, basis, and capacity positions. Work with Pricing to value merchant exposures

on M&A [Mergers and Acquisitions] and development assets in ERCOT and MISO [Midcontinent

Independent System Operator] territories. Deliver model improvements and automation to shorten

turnaround times necessary to meet aggressive business growth targets. Contributes towards contract

negotiation for complex deal structures. Work with ETRM [Energy Trading and Risk Management] team to

ensure adequate booking and representation of signed contracts. Work with Risk Management team to

follow internal processes and guidelines for model validation and risk quantification. Develop an

understanding of commercial impacts affecting AES CE business, grow their own skills and progress along

the career path. Own analyses and recommendations used in trading, hedging, and investment decisions,

including during periods of market stress. Train and develop junior members of the team.

REQUIREMENTS: Bachelor’s degree or foreign equivalent degree in Engineering, Economics, Finance or related quantitative field and 5 years of experience with commercial analysis for the energy industry.

Experience must include:

• 5 years of experience with power markets
• 1 year of experience with revenue streams associated with renewable assets
• 1 year of experience with operating aspects of power assets
• 3 years of experience supporting power trading, optimization, and/or asset management
• 5 years of experience using quantitative and analytical skills with market and risk modeling
• Experience setting up a power trading desk across trading, risk, operations and credit.
• Demonstrated knowledge of renewable asset revenue streams and operational drivers; and analytical tools and trading systems.

Knowledge may be demonstrated through education, training and/or experience

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.