Manager Trading, PJM/MISO

at Liberty Utilities in Minonk, Illinois, United States

Job Description

Manager Trading, PJM/MISO

Girard, IL, US, 62640Joplin, MO, US, 64804Minonk, IL, US, 61760Fall River, MA, US, 02720Charlestown, NH, US, 03603Ash Grove, MO, US, 65604Columbus, KS, US, 66725Sheridan, IL, US, 60551Keokuk, IA, US, 52632Gravette, AR, US, 72736Taft, CA, US, 93268Alma Center, WI, US, 54611Hooksett, NH, US, 03010Tinker, New Brunswick, CA, E7H 5A8Seneca, MO, US, 64865Salem, NH, US, 03079Quincy, OH, US, 43343Massena, NY, US, 13662Downey, CA, US, 90241Sierra Vista, AZ, US, 85635Lebanon, NH, US, 03766-2637Herbert, SK, CA, S0H 2A0Goodyear, AZ, US, 85338Salem, NH, US, 03079Humansville, MO, US, 65674Marshall, MO, US, 65340Baxter Springs, KS, US, 66713Pierce City, MO, US, 65723Bolivar, MO, US, 65613Westover, MD, US, 21871Malden, MO, US, 63863Billings, MO, US, 65610Fall River, MA, US, 02721Sea Cliff, NY, US, 11579-1926Merrick, NY, US, 11566Baxter Springs, KS, US, 66713Fall River, MA, US, 02721Concord, NH, US, 03301Greenfield, MO, US, 65661Laforce, Quebec, CA, J0Z 2J0Tyrone, PA, US, 16686Fall River, MA, US, 02724Joplin, MO, US, 64801Princess Anne, MD, US, 21853Tyler, TX, US, 75703Columbus, OH, US, 43004Bryson, TX, US, 76427White Hall, AR, US, 71602Pine Bluff, AR, US, 71601Commerce, OK, US, 74339Metropolis, IL, US, 62960Buffalo, MO, US, 65622Joplin, MO, US, 64801Goodyear, AZ, US, 85395Anderson, MO, US, 64851Red Deer, AB, CA, T4G 0K1Keene, NH, US, 03431Noel, MO, US, 64854Apple Valley, CA, US, 92308Bolivar, MO, US, 65613Nevada, MO, US, 64772Butler, MO, US, 64730-0209Chillicothe, MO, US, 64601Harrisburg, IL, US, 62946Gainesville, GA, US, 30501Manchester, NH, US, 03101Columbus, GA, US, 31901St. Leon, MB, CA, R0G 2E0Neosho, MO, US, 64850Joplin, MO, US, 64801Sardinia, OH, US, 45171Cornwall, ON, CA, K6H 5R6Hannibal, MO, US, 63401Ogdensburg, NY, US, 13669Joplin, MO, US, 64804Jackson, MO, US, 63755-0268Ozark, MO, US, 65721Granby, MO, US, 64844Carefree, AZ, US, 85377Strafford, MO, US, 65757Asbury, MO, US, 64832Concord, NH, US, 03301Elk Mound, WI, US, 54739Riverton, KS, US, 66770Sikeston, MO, US, 63801Reeds, MO, US, 65737Blackstone, MA, US, 01504-2215South Lake Tahoe, CA, US, 96150Nashua, NH, US, 03060Cochrane, ON, CA, P0L 1C0Sedalia, MO, US, 65301Tahoe Vista, CA, US, 96148Ozark, MO, US, 65721Nixa, MO, US, 65714-7969BM, HM 07Stockton, MO, US, 65785Rio Rico, AZ, US, 85648Rawdon, Quebec, CA, J0K 1S0Lynch Station, VA, US, 24571Aurora, MO, US, 65605Forsyth, MO, US, 65653Hewlett, NY, US, 11557Clinton, MO, US, 64735Concord, NH, US, 03301Ozark, MO, US, 65721Newburgh, NY, US, 12550Henrietta, MO, US, 64036Deerfield, MI, US, 48445Pine Bluff, AR, US, 71601Ashland, KY, US, 41101Gloucester, VA, US, 23061Paw Paw, IL, US, 61353Vandalia, IL, US, 62471Branson, MO, US, 65616Tilton, NH, US, 03276Platte City, MO, US, 64079Hollister, MO, US, 65672Surprise, AZ, US, 85387Hayhurst, TX, US, 79770Willard, MO, US, 65781Caruthersville, MO, US, 63830-1133Webb City, MO, US, 64870Gold Canyon, AZ, US, 85118Mountain Lake, MN, US, 56159Maryville, MO, US, 64468Massena, NY, US, 13662Gold Canyon, AZ, US, 85118Caribou, ME, US, 04736Londonderry, NH, US, 03053Kirksville, MO, US, 63501Dorchester, WI, US, 54225Londonderry, NH, US, 03053Sanger, CA, US, 93657-0397Republic, MO, US, 65738LaRussell, MO, US, 64862Litchfield Park, AZ, US, 85340Mayer, AZ, US, 86333Hawkins, TX, US, 75765Rice Lake, WI, US, 54868Windsor Locks, CT, US, 06096-2335

At Algonquin-Liberty , we hire passionate people who care about doing the right thing for our customers. We are entrepreneurial, creative, and outcome-focused. Here, your natural talent and achievements will flourish in an inclusive environment of teamwork, trust and continuous learning. We are always pursuing excellence to exceed our ambitions goals, rewarding both the goal outcome and how we achieve it.

Purpose

At Liberty, growth and development within our enterprise is a key aspect toward the continued success of our organization. The Energy Services (ES) group, within the deregulated side of the Liberty organization, acts as the power marketing function. The mandate of Energy Services team is to maximize the company’s risk adjusted asset return across North Amercia. The team consists of three functional groups: Portfolio Management (Hedging/Trading), Client & Asset Integration and Market Analytics.

The Portfolio Management team is responsible for hedging, trading and managing market exposure on Liberty’s deregulated North American power assets. All hedging & trading activities are asset backed and speculative trading is not within the team’s mandate.

The position of Manager Trading – PJM/MISO will report to the Senior Portfolio Manager and assist in the development of the hedging and optimization strategy for Liberty’s growing fleet of renewable assets in the ERCOT region (currently 1500 MW). They will be directly responsible for the execution (transacting) of the strategy and portfolio plan for those regions. The successful candidate will have had a minimum 5 years of direct trading experience, a passion for growth and be energized by ‘build mode’.

\#LI-Hybrid

Accountabilities

+ Create position (ex. Short-Term Trader – ERCOT, Congestion Trader – ERCOT). Position will be based on the needs assessed by the Manager Trading ERCOT to support the team’s success.

+ Hire, lead and manage the Short-Term Trader -ERCOT.

+ Perform all performance reviews for direct reports and support development plan initiatives.

+ Ensure that all transactions are accurately captured and reflected within the deal capture system and have received the necessary approvals within prescribed Delegation of Authority limits.

+ Actively monitor, report and ensure ongoing compliance to market rules and regulations.

+ Continually monitor information that may impact market conditions and communicate that information immediately to appropriate stakeholders.

+ Assist the Senior Portfolio Manager in the monthly performance and market insights report to executive management.

+ Respond/Assist Middle Office (Risk/Credit) and Back Office (settlements) with any questions they have concerning ERCOT transactions and hedging strategy.

+ Support Senior Portfolio Manager and other stakeholders with ad-hoc requests and projects.

+ Energy Trading: Create and execute energy hedge and optimization strategies and manage financial trading position around physical asset position (currently 1500 MW) in the ERCOT market (same day – 3 years).

+ Congestion Trading: Optimize physical basis conditions. Develop and execute basis strategies to mitigate exposure, transacting CRRs/PtP congestion products.

+ Asset Optimization Trading: Manage and optimize Day Ahead – Real Time (DART) spreads.

+ Develop deep understanding of all long-term off-take arrangements (PPAs/Long Term Hedges) associated with Liberty’s asset portfolio in ERCOT.

+ Identify seasonal weather risk in the portfolio and develop and execute cost-effective hedging strategies to mitigate this risk.

+ Have a deep understanding and be continually monitoring and researching supply and demand fundamentals and grid congestion in the ERCOT market. Stay current with developments in the electricity and fuel markets (ERCOT) including any potential regulatory changes.

+ Work closely with the Market Analytics team to improve price and risk modelling and development of new tools/software to support profitable trading decisions.

+ Be the ERCOT market specialist on all issues related to trading/hedging, transmission, congestion, market fundamentals, portfolio risk and settlement (P&L) of the ERCOT portfolio.

+ Originate and negotiate contracts with counterparties for physical and financial commodities. Effectively utilize internal resources such as legal, credit and settlement support.

Education and Experience

+ Experience Trading or Analyzing ERCOT. A minimum of 5 years of trading experience is required. Preference will be given to direct experience trading the ERCOT market ho