Sr Power Trader

Job Description

The Role

 

The role will focus on supporting pricing, evaluation, and management of structured products and assets across the eastern interconnect.  This will include supporting the North team in fixed priced deal flow, strategy development and execution. While the group is focused in New York (NYISO), New England (NEISO), and Ontario (IESO); deals based around extrinsic value delivery from other ISOs are in scope for this role.

 

Responsibilities:

  • Trade for profit in North power and gas markets, with an emphasis on volatility.

  • Evaluate and manage a portfolio of structured products and assets, including vanilla power and gas options, basis options, HRCOs, tolls, revenue puts, full requirements, and other exotic offerings

  • Work with origination, risk, and other traders to understand risk profile underlying transactions and ways of optimizing / maximizing value

  • Work with origination and structuring to create bespoke or “one-off” offerings which fit customer needs

  • Mark volatilities across ISOs in the Eastern Interconnect

  • Work with desk, analyst, and fundamentals team to develop trade ideas and evaluate trade strategy

  • Support North desk in valuing and managing deal flow, provide backup to fixed price curve marking

  • Maintain exposure and P/L reports; explain drivers and positions to management

 

 

What we need from you

  • Must have legal authorization to work in the US on a full-time basis for anyone other than current employer.

  • Bachelor’s Degree required.

  • Minimum 10 or more years of experience in generation dispatch or power trading with extensive familiarity with one or more regional energy producers and markets.

  • Knowledge of and adherence to industry Compliance and Regulatory rules.

  • Strong understanding of options theory and tradeable products in market.

  • Proven track record of trading for profit and managing complex portfolios.

  • Ability to communicate complex ideas effectively

  • Commercially driven and demonstrated analytical and problem-solving skills.

  • Knowledge of power and gas fundamentals.

  • Basic coding knowledge is required, and strong coding experience desired.

 

An innovative place to work

 

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

 

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

 

An inclusive place to work

 

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills and reach your potential…

  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.

  • We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.

  • We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

  • We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

 

A rewarding place to work

 

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.

 

We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

 

 

 

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Royal Dutch/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell participates in E-Verify. All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws. Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability. As a US Federal Contractor, hiring selections are subject to periodic audit review and documentation of your selections should be maintained for a period of three calendar years. It is the policy of Shell in the U.S. (“Shell”) to provide equal opportunity to all individuals, employees and all qualified applicants for employment consistent with employment requirements and qualifications. Shell prohibits discrimination based on race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, veteran status, citizenship, genetic information, or other protected status under federal, state or local laws. All employees are expected to support this policy and contribute to an environment of equal opportunity. If you need an accommodation for a disability during the resourcing process, please speak with an HR representative.