TITLE: Senior Analyst, Structured Trading
EMPLOYER: AES Clean Energy Services, LLC
LOCATION: 1201 Fannin Street, Suite 500, Houston, TX 77002
DUTIES: Analyze ERCOT [Electric Reliability Council of Texas] real time and cash markets for weather risk,
price risk, trading opportunities. Design and develop stack models to simulate generator dispatch behavior
and merit order in ERCOT. Develop and execute trading strategies in ERCOT to achieve defined PnL [Profit
and Loss] targets. Support term trading strategies to manage asset energy exposure in ERCOT. Build and
maintain fundamental natural gas models to identify correlations and impacts on power markets. Evaluate
capacity and resource adequacy markets across U.S. ISOs [Independent System Operators], working
closely with trading, regulatory, and fundamentals teams. Analyze basis and congestion markets and
design risk-mitigating strategies to manage portfolio exposure. Develop and execute strategies to
participate in Congestion Revenue Rights (CRR) auctions for both hedging and proprietary trading
purposes. Register AES legal entities to be market participants in de-regulated power and congestion
markets. Monitor and manage collateral exposure for trading activity. Develop commercial risk modeling
including historic and parametric Value at Risk (VaR) models to benchmark risk valuations. Mark forward
curves for valuation of energy, basis, and capacity positions. Work with Pricing to value merchant exposures
on M&A [Mergers and Acquisitions] and development assets in ERCOT and MISO [Midcontinent
Independent System Operator] territories. Deliver model improvements and automation to shorten
turnaround times necessary to meet aggressive business growth targets. Contributes towards contract
negotiation for complex deal structures. Work with ETRM [Energy Trading and Risk Management] team to
ensure adequate booking and representation of signed contracts. Work with Risk Management team to
follow internal processes and guidelines for model validation and risk quantification. Develop an
understanding of commercial impacts affecting AES CE business, grow their own skills and progress along
the career path. Own analyses and recommendations used in trading, hedging, and investment decisions,
including during periods of market stress. Train and develop junior members of the team.
REQUIREMENTS: Bachelor's degree or foreign equivalent degree in Engineering, Economics, Finance or related quantitative field and 5 years of experience with commercial analysis for the energy industry.
Experience must include:
- 5 years of experience with power markets
- 1 year of experience with revenue streams associated with renewable assets
- 1 year of experience with operating aspects of power assets
- 3 years of experience supporting power trading, optimization, and/or asset management
- 5 years of experience using quantitative and analytical skills with market and risk modeling
- Experience setting up a power trading desk across trading, risk, operations and credit.
- Demonstrated knowledge of renewable asset revenue streams and operational drivers; and analytical tools and trading systems.
Knowledge may be demonstrated through education, training and/or experience
TO APPLY: E-mail resume to
[email protected]. Please use reference Job Code 10254781.
