US Trading Analyst

Cumberland; Houston (TX); On-site; USD 120,000 - 160,000; Full time

Benefits offered by this job

Medical insurance

401k with employer match

Dental and vision insurance

Job summary

DRW in Houston is seeking a Junior Trade Operations Analyst to support North America Power trading and origination teams. You’ll handle the full trade lifecycle from booking to settlement, coordinating with traders, engineers and settlements to deliver reliable workflows.

This in-office role requires a bachelor’s in a quantitative field, strong Excel in large data sets, and Python scripting to automate processes. Expect daily P&L close support and favorable benefits with a competitive salary.

Qualifications

• Bachelors degree in a quantitative field or related discipline.
• Strong Excel and data handling skills.
• Programming experience, preferably Python, with interest in building tools.

Responsibilities

• Prepare and review daily and next-day P&L; explain drivers to traders and management.
• Book and manage financial and physical power, environmental, and softs trades.
• Schedule physical power with ISOs and counterparties; confirm schedules.
• Support environmental products, auctions, and registry accounts; manage deliveries and invoicing.
• Collaborate with settlements to resolve trade and invoice discrepancies; test system changes.

Skills

Excel skills

Python programming

Attention to detail

Independent worker

Education

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

Tools

Endur/OpenLink (ETRM)

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.

Junior Trade Operations Analyst – North America Power

The Role

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.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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