Short-term Congestion Trader

RWE; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Discretionary bonus based on execution

Mutual trust culture

Positive working atmosphere

Job summary

RWE Supply & Trading Americas, LLC is seeking an experienced congestion trader to join our US desk. You will develop and execute day-ahead congestion strategies across ISO regions and aim to maximize congestion revenues for our renewables portfolio.

You will work with a diverse team of energy trading professionals and apply quantitative techniques and ML approaches to refine pricing models. This is an opportunity to shape trading in a growing, international company.

Qualifications

• Experience in electricity markets (commercial, consulting or similar role).
• Strong analytical mindset with emphasis on optimization and performance.
• Strong commercial acumen and ability to influence outcomes.
• Comfortable handling uncertain market situations.
• Analytical mindset focused on optimization and performance.
• Strong team player and clear communicator.

Responsibilities

• Develop, optimize and execute short-term (day-ahead) congestion trading strategies in multiple ISO regions (e.g. ERCOT, NYISO, SPP & PJM)
• Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Day-ahead market
• Utilise and finetune our quantitative analysis techniques and machine learning approach
• Apply our fundamental market models to test and derive your trading strategy
• Build and maintain relationships with our fundamental market experts and various other experts across the group (e.g. AI modelling experts)
• Build-up performance dashboards and automate workflows to streamline our daily trading routine

Skills

Electricity markets experience

Market risk analysis

Quantitative analysis

Machine learning awareness

Team collaboration

Education

University degree in Mathematics, Economics, (Electrical) Engineering or related field

Job description

Your future plans

Shape the future of energy with us - join #TeamRWE at RWE Supply & Trading Americas!

RWE Supply & Trading Americas, LLC

To start as soon as possible

Your future plans

Shape the future of energy with us - join #TeamRWE at RWE Supply & Trading Americas!

An exciting new opportunity opened for an experienced short-term congestion trader to join and become a core part of our US congestion optimisation team. The US congestion trading desk at RWE manages the long- and short-term congestion exposure of our existing renewables portfolio. Our trading activities are focused around various ISOs across the US (e.g. ERCOT, NYISO, SPP, MISO, PJM).

Your role is to develop and execute trading strategies in multiple US congestion markets, develop and maintain our pricing models and to deploy trading capital to make profitable decisions. You will be managing, optimizing and maximizing the congestion revenues for our assets in the US. Furthermore, you will closely work with a fast growing team of energy trading professionals from diverse backgrounds.

Responsibilities:

• Develop, optimize and execute our short-term (day-ahead) congestion trading strategies in various ISO regions (e.g. ERCOT, NYISO, SPP & PJM)


• Analyze and formulate opinions about short-term market risks and opportunities to take positions in the Dayahead market


• Utilise and finetune our quantitative analysis techniques and machine learning approach


• Apply our fundamental market models to test and derive your trading strategy


• Build and maintain relationships with our fundamental market experts and various other experts across the group (e.g. AI modelling experts)


• Build-up performance dashboards and automate workflows to streamline our daily trading routine

Your Powerful Skills

• University degree in Mathematics, Economics, (Electrical) Engineering or related field


• Experience in electricity markets (e.g. in a commercial, consulting or similar role)


• Deep understanding of commercial dependencies and influencing commercial acumen


• Demonstrate a self-confident natural behavior and be comfortable to handle uncertain (market) situations


• Excellent analytical mindset, striving for optimisation and performance


• Strong team player & excellent communicator with a high degree of personal commitment, motivation and the ability to work independently

Benefits You Can Rely On

• Join an international leading energy trading house which is in a period of growth


• Find yourself in a motivating workplace that is built on mutual trust, values and a feedback culture with a positive and inspiring working atmosphere


• Discretionary bonus based on execution performance