Role SummaryWe operate in markets where disciplined analysis, strong judgment, and rigorous risk management matter. We're adding a senior trader who can translate market insight into durable, risk-adjusted trading performance - with real ownership of a proprietary, PJM-focused FTR book and the latitude to define strategy, drive position sizing, and manage risk with a high degree of autonomy.
This seat suits someone who combines commercial instinct with quantitative rigour, and who wants to shape both the trading approach and the analytical toolkit behind it - we're flexible on the specific tools and platforms you use. We're hiring for a proven ability to generate risk-adjusted PnL in PJM's FTR/CRR markets, not for years of tenure alone.
This role is 100% remote, giving you the flexibility to run the book from wherever you work best.Key Responsibilities- Develop, execute, and manage a PJM FTR/CRR portfolio across long-term, annual, and monthly auctions, including position sizing, hedging, and rebalancing.
- Model transmission congestion, outage schedules, and grid topology to identify and price trading opportunities across the network.
- Own risk management for the book: position limits, scenario/stress testing, mark-to-model vs. realized PnL reconciliation, and detailed PnL attribution.
- Select and maintain the analytical stack (data, modelling, and execution tools) needed to run the book effectively - firm is flexible on toolset.
- Where relevant, extend the strategy into adjacent PJM products (virtuals, up-to-congestion, day-ahead/real-time spread trades) opportunistically.
- Report position, risk, and performance to firm leadership on a regular cadence.
Requirements- Senior-level experience operating autonomously with full ownership of risk.
- Proven experience owning a PJM FTR/CRR book across long-term, annual, and monthly auction cycles, with a demonstrated strong PnL track record and verifiable results.
- Deep working knowledge of PJM market rules, auction mechanics, and transmission and congestion dynamics.
- Strong quantitative and analytical skills, including the ability to build and validate models.
- Experience reporting positions, risk, and performance to firm leadership.
Preferred Qualifications- Bachelor's degree in a quantitative field (finance, economics, engineering, math, or physics) - valued, but not required; a strong, verifiable trading track record is of greatest importance
- Experience trading FTRs/CRRs or congestion products in other ISOs (MISO, ERCOT, SPP, NYISO).
- Track record in adjacent PJM products - virtuals, up-to-congestion, or spread trading.
- Programming/data skills (Python, R, SQL) for independent research and backtesting.
- Prior experience mentoring junior traders or analysts.
Benefits- Total compensation for this seat combines a base salary with a profit-sharing component tied to book performance and is structured to scale with experience and track record.
