Trader - East Power

Job Family Group:

Supply & Trading Group

Job Description:

About Us

Our purpose is to bring together people, energy and markets to power and navigate a changing world. In a time of constant change and possibility we need new talent to pursue commercial opportunities, motivated by best-in-class insight and expertise. We’re always striving for more innovative digital solutions, sustainable outcomes and closer collaboration across our company and beyond, and you could be part of that too. Together we continue to grow as the world’s leading energy company!

About the role

The successful candidate will be responsible for trading around portfolio positions, customer transactions and load positions in the PJM and MISO markets both short and long term. The candidate will be responsible for generating incremental P&L to forecast through effective optimization of a large book consisting of both long and short exposures

Duties and Responsibilities

• This role requires a trader with extensive trading experience on ICE in both the short- and long-term PJM and MISO markets.
• Balance short and long positions contracts to optimize the value of a Synthetic Utility book consisting of long generation and short load deals.
• Continuously assess and optimize the East portfolio to achieve financial goals and maintain a competitive insight.
• Manage and optimize flexible load obligations through volatile power season
• Optimize HRCO dispatch.
• Monitor the physical/financial markets and maintain an acute understanding of market/price trends to add value through short term trading around volatility.
• Assist the Power Trading team to develop and execute analytical tools, market models and trading and optimization strategies.
• Develop and execute short and long term FTR and ARR strategies to optimize the value of the load book in PJM.
• Work directly with mid and back office to develop and monitor reporting on the Synthetic Utility book focusing on position and PNL.
• Participate in various ad hoc analysis and reports requested by Management.
• Maintain up to date understanding of market rules in PJM and MISO.
• Research, implement and refine trading strategies from idea to testing and deployment in the markets.
• Work closely with supporting Functions (Fundamentals, Operations, Credit, Compliance, Finance, Market Risk).

Essential education and requirements

• Bachelor's degree in finance, economics, energy management, engineering, computer science or a related field.
• Strong experience and a deep knowledge of fundamentals of physical and financial US East power markets.
• PJM FTR and ARR extensive experience managing a portfolio of assets.
• Strong analytical and quantitative skills for financial modeling and risk assessment.
• Proficiency in data analysis tools.
• Strong culture of compliance and understanding of all market rules and regulations.
• Ability to work effectively in a high-pressure, fast-paced trading environment.
• Adaptability and the ability to make quick and informed decisions.
• Strong attention to detail and a commitment to accuracy in trading activities.

How much do we pay (Base)? 123,000 - 246,000*

• Please note the pay range listed for this position is a good faith and reasonable estimate of the base pay range for this position at the time of posting. You may learn more about our generous benefits here Explore Our Benefits.

Why join bp:

At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to encouraging an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!

Travel Requirement

Negligible travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Agility core practices, Agility core practices, Agility tools, Analytical Thinking, Authenticity, Communication, Conflict Management, Creativity and Innovation, Decision Making, Digital Automation, Digital Collaboration, Digital Communication, Digital Fluency, Digital Visualization, Diversity, Equity, and Inclusion, Exposure Management, Group Problem Solving, Influencing, Listening, Market Knowledge, Negotiating value, Negotiation planning and preparation, Presenting, Statistics, Strategic Thinking {+ 5 more}

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.