US Trading Analyst

DRW Holdings, LLC; Houston (TX); On-site; USD 120,000 - 160,000; Full time

Job summary

DRW is hiring a Junior Trade Analyst in Houston to support US Power, Environmental and Softs trading across the full trade lifecycle.

You will work daily with traders, originators, settlements and engineering to book and schedule trades, review P&L, and help build tools that make processes faster and more reliable. This in-office role requires attention to detail and collaborative problem solving.

Qualifications

• Bachelor’s degree in Mathematics, Engineering, Economics, Finance, Accounting or a related field.
• Strong Excel skills and comfort working with large data sets.
• Programming experience, preferably in Python, and an interest in building tools.
• Exceptional accuracy and attention to detail with sensitive financial data.
• Ability to work independently and prioritize requests from multiple stakeholders.
• Clear written and verbal communication and genuine interest in energy markets.

Responsibilities

• Produce and review daily and next-day P&L, investigate variances, and explain P&L drivers to traders and management.
• Book and maintain financial and physical power, environmental and structured trades in our trading system.
• Schedule physical power with ISOs and counterparties and confirm schedules.
• Support environmental products, including auctions and registry accounts, and physical softs operations.
• Support FTR trading, auctions, transfers, reconciliations and P&L checks.
• Partner with settlements and operations to resolve trade and invoice discrepancies.
• Test system changes before release and work with engineering to resolve production issues.
• Automate manual workflows using Python, SQL, APIs and AI tools.

Skills

Excel

Python

Attention to detail

Communication

Independent work

Education

Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting or related field

Tools

Endur/OpenLink

SQL

APIs

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

Our North America Energy Commercial Operations team is hiring a Junior Trade Analyst in Houston. You will support our US Power, Environmental and Softs trading and origination teams across the full trade lifecycle, from booking and physical scheduling to daily P&L and settlement support. You will work every day with traders, originators, settlements, operations, accounting and engineering, and help build the tools that make those processes faster and more reliable. This is an in-office role; supporting the daily P&L close can extend into the evening on busy days.

What You’ll Do

• Produce and review daily and next-day P&L, investigate variances, and explain P&L drivers to traders and management
• Book and maintain financial and physical power, environmental and structured trades in our trading system
• Schedule physical power with ISOs and counterparties and confirm schedules
• Support environmental products, including auctions and registry accounts, and physical softs operations, including deliveries, storage and invoicing
• Support FTR trading, auctions, transfers, reconciliations and P&L checks
• Partner with settlements and operations to resolve trade and invoice discrepancies
• Test system changes before release and work with engineering to resolve production issues
• Automate manual workflows using Python, SQL, APIs and AI tools

What We’re Looking For

• Bachelor’s degree in Mathematics, Engineering, Economics, Finance, Accounting or a related field; 0 to 2 years of experience
• Strong Excel skills and comfort working with large data sets
• Programming experience, preferably in Python, and an interest in building tools
• Exceptional accuracy and attention to detail, including with sensitive financial data
• Ability to work independently and prioritize requests from many stakeholders
• Clear written and verbal communication and a genuine interest in energy markets

Nice to Have

• Coursework or experience in power markets, ISO operations, FTRs or physical power
• Exposure to an ETRM system (Endur/OpenLink preferred), SQL or APIs
• Familiarity with mark-to-market, realized vs. unrealized P&L and the trade lifecycle

What You’ll Learn

How energy trading works end to end: valuation and risk across OTC, FTR, physical and cross-commodity positions, ISO market operations across North America, and how trading, operations and technology work together at a proprietary trading firm.

The annual base salary range for this position is $120,000 to $160,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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