Senior ERCOT Power Trader: Market Strategy & Execution

Macquarie Group; Minneapolis (MN); On-site; USD 180,000 - 320,000; Full time

Benefits offered by this job

Wellbeing leave day

Parental leave

Volunteer leave

Insurance options

401(k)

Hybrid/flexible arrangements

Equipment stipend

Job summary

Macquarie Group, North Americas Gas and Power, is seeking a Senior ERCOT Power Trader in Houston or Minneapolis to develop and execute trading strategies across ERCOT markets. You will analyze load, weather, generation, and transmission dynamics to identify opportunities and manage risk.

You will collaborate with originators, analysts, quantitative teams, risk managers, and other traders to generate market views and risk-adjusted returns in a fast-paced environment.

Qualifications

• Extensive experience trading ERCOT power markets with a proven record of generating risk-adjusted returns.
• Deep understanding of ERCOT market dynamics, including congestion, nodal pricing, generation economics, ancillary services, and transmission constraints.
• Ability to develop market views through analysis of power fundamentals, weather, fuel markets, and regulatory developments.
• Strong risk management discipline and experience managing complex trading portfolios.
• Excellent quantitative, analytical, and decision-making skills in fast-paced market environments.

Responsibilities

• Develop and execute short-term and long-term trading strategies across ERCOT power markets (day-ahead, real-time, congestion, ancillary services).
• Analyze market fundamentals such as load, weather, generation, fuel markets, and transmission constraints to identify opportunities.
• Collaborate with analytics, quantitative, technology, and risk management teams to develop market views and forecasts.
• Maintain risk controls and ensure activities comply with approved limits.

Skills

ERCOT trading experience

Market dynamics understanding

Risk management discipline

Quantitative/analytical skills

Decision making under pressure

Job description

Macquarie Group, North Americas Gas and Power, is seeking a Senior ERCOT Power Trader in Houston or Minneapolis to develop and execute trading strategies across ERCOT markets. You will analyze load, weather, generation, and transmission dynamics to identify opportunities and manage risk.

You will collaborate with originators, analysts, quantitative teams, risk managers, and other traders to generate market views and risk-adjusted returns in a fast-paced environment.