Description
ABOUT THE ROLE
We have an exciting opportunity for a Congestion Trader, East to join our East Trading Desk. Reporting to the Supervisor, East Congestion, the Congestion Trader is responsible for defining and transacting proprietary nodal congestion trading strategies (INC/DECs, UTCs, FTRs, and/or TCCs) in the Eastern US markets (PJM, MISO, NYISO, ISONE, and IESO). This role has an annual profit and loss target of $2 million.
This role is based out of our Calgary head office. This is a full-time, office-based role.
A DAY IN THE LIFE
- Create and execute proprietary nodal congestion trading strategies to deliver on annual budget goals
- Carry out fundamental research and analysis in Eastern Markets
- Collaborate closely with other traders and analysts to share insights and views
- Evaluate the risk profile and expected value of trade opportunities and allocate capital accordingly
- Identify and manage portfolio risk associated with congestion trading
- Maintain a rigorous knowledge of market rules and regulations
- Work with cross-functional teams (Risk, Settlement, and Credit groups) to resolve all trade and financial discrepancies related to congestion trading
- Guide and mentor junior personnel in analytic support and strategy generation
- Strict adherence to TransAlta's Trading Compliance Framework
ABOUT YOU
- University Degree in Commerce, Engineering, Economics, Mathematics, or Computer Science
- Minimum four (4) years of related market and trading experience
- Proven track record of generating P&L from trading congestion products in Eastern ISOs
- Thorough understanding of market rules and power fundamentals in Eastern ISOs
- Strong analytical and quantitative skills
- Demonstrated capacity for sound decision making with incomplete information under time constraints
- Effective communication skills with internal/external stakeholders
- Self-starter with the desire to succeed in a dynamic environment
- Proven ability to excel in a collaborative, team-based environment
Contact
TransAlta Corporation
110 Twelfth Ave SW
Calgary
Alberta Canada
www.transalta.com
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