Senior Analyst Structured Trading
Public global power company that owns and operates electricity generation, regulated utilities, LNG infrastructure, renewable energy, and battery-storage assets.
About The AES Corporation
AES develops, constructs, and operates power-generation and distribution businesses, supplying affordable and sustainable power. Its portfolio includes solar, hydro, wind, natural gas, coal, battery storage, utilities, and LNG infrastructure.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will analyze ERCOT power, cash, congestion, capacity, and natural-gas markets to identify trading opportunities and risks. You will develop dispatch, valuation, and risk models; execute trading and hedging strategies; manage collateral exposure; support deal valuation and contract representation; improve automation; and train junior colleagues.
Requirements
- Bachelor’s degree or foreign equivalent in Engineering, Economics, Finance, or a related quantitative field
- 5 years of commercial analysis experience in the energy industry
- 5 years of power-markets experience
- 1 year of experience with renewable-asset revenue streams
- 1 year of experience with operating aspects of power assets
- 3 years of experience supporting power trading, optimization, or asset management
- 5 years of quantitative and analytical experience with market and risk modeling
- Experience setting up a power trading desk across trading, risk, operations, and credit
- Knowledge of renewable-asset revenue streams, operational drivers, analytical tools, and trading systems
Responsibilities
- Analyze ERCOT real-time and cash markets for weather risk, price risk, and trading opportunities
- Design and develop stack models for generator dispatch behavior and merit order in ERCOT
- Develop and execute ERCOT trading strategies to achieve PnL targets
- Support term trading strategies for asset energy exposure
- Build and maintain fundamental natural-gas models
- Evaluate capacity and resource adequacy markets across U.S. ISOs
- Analyze basis and congestion markets and design portfolio risk-mitigation strategies
- Develop and execute strategies for CRR auctions
- Register legal entities as market participants in deregulated power and congestion markets
- Monitor and manage collateral exposure
- Develop commercial risk models, including historic and parametric VaR models
- Mark forward curves for energy, basis, and capacity positions
- Value merchant exposures for M&A and development assets
- Improve models and automation
- Contribute to complex contract negotiations
- Ensure signed contracts are adequately booked and represented in ETRM systems
- Follow model-validation and risk-quantification processes
- Own analyses and recommendations for trading, hedging, and investment decisions
- Train and develop junior team members
