Trading Associate, ERCOT

Location: BALTIMORE, MD, United States
Organization: Exelon Generation Co. LLC
Job ID: 219287
Date Posted: Oct 7, 2019

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Job Description

Description

At Exelon, we've got a place for you!

Join the nation's leading competitive energy provider, with one of the largest electricity generation portfolios and retail customer bases in the country. You will be part of a family of companies that strives for the highest standards of power generation, competitive energy sales, and energy delivery. Our team of outstanding professionals is focused on performance, thought leadership, innovation, and the power of ideas that come from a diverse and inclusive workforce.


Exelon will provide you the tools and resources you need to design, build and enhance a successful career. We are also dedicated to motivating the success of our employees through competitive base salary, incentives, and health and retirement benefits.

Join Exelon and share your passion at a forward-thinking Fortune 100 company. Establish yourself in a place where you can truly shine and create a brighter, more sustainable tomorrow. Energize your career at Exelon!


PRIMARY PURPOSE OF POSITION

Working closely with Basis and Cash traders, the associate will analyze, develop, and submit to the ISO all Point to Points (and related daily power basis activity), execute transactions under the team’s guidance, provide supporting evidence for daily power basis position strategy, and serve as a backup to all Cash daily decisions and logistical activity (Generation decisions, gas supply, ISO submissions, etc.). Daily interaction with the Transmission team to summarize each day’s key congestion risks and continued refinement of the information flow will be required. The associate will help develop and sanity check analyses to explain variances between actual and forecasted performance, partnering with finance and team members to provide accurate reporting and reconciliation of how the desk manages risk compared to Accounting and Daily Profit Statement representations of those results. The Trading Associate will assist in testing for Endur/ETRM, providing relevant updates/impacts to the respective team member. The associate is also expected to collaborate successfully with other members of the team, identifying process improvements, capitalizing on commercial opportunities, and potentially collaborating with other regions to improve overall floor efficiencies. As the above functions are performed in an efficient and successful manner, the associate will grow to support additional areas of P&L management as determined by individual skillset and experience.


PRIMARY DUTIES AND ACCOUNTABILITIES

  1. Daily Congestion Management (Basis ISO submissions, Daily Basis Trading, Analysis, Working with Transmission)

  2. Cash Back Up and Support (Learn all logistics, maintain knowledge and daily communication, perform certain supporting functions on a daily or ad hoc basis)

  3. Endur/ETRM support and testing
  4. P&L Explanations, Special projects, Ad Hoc, Other

Qualifications

POSITION SPECIFICATIONS

Minimum:
  • Undergraduate degree in economics, finance, engineering, computer science, business administration or equivalent experience

  • 5+ years’ experience in energy commodity markets
  • Strong mathematical, analytical and problem-solving skills

  • Capability to deploy capital, while explaining the key variables, strategy and risks

  • Demonstrates cross-functional and cross-business unit acumen

  • Ability to multi-task in a fast-paced environment

  • Proven record of accountability and attention to detail to drive things to completion

  • Excellent interpersonal and communication skills, both written and verbal

  • Strong computer skills including knowledge and proficiency in Microsoft Office Suite products, particularly Excel and database familiarity

     
Preferred:
  • Trading Experience or Equivalent (Valuation, Risk Analysis, etc)

  • Knowledge of current risk reports and data flows
 
DISCLAIMER

The preceding position description is intended to provide the general nature and level of work to be performed by employees within this classification.  It is not intended to be a detailed description of the position or a comprehensive listing of all duties, responsibilities, and qualifications required of employees assigned to this position, nor is it intended to indicate the exact amounts of time an individual will perform various position duties.


Exelon is proud to be an equal opportunity employer and employees or applicants will receive consideration for employment without regard to: age, color, disability, gender, national origin, race, religion, sexual orientation, gender identity, protected veteran status, or any other classification protected by federal, state, or local law.

VEVRAA Federal Contractor


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