Power Quantitative Trading Analyst

Baltimore, MD 21202

Posted: 12/28/2022 Industry: Energy-Front Office Job Number: 1662

Job Description

An FTR trading team is searching for a Quantitative Analyst to join its’ congestion power trading team. The team trades in the nodal power markets across PJM FTRS, NYISO TCCs, CAISO CRRs and SPP TCRs. The primary purpose of this position is analytical support for the senior power congestion traders and their portfolios. Key responsibilities include:

 

  • Assisting in building out the infrastructure for the new SPP power trading desk,
  • Performing quantitative research analysis to assess market trends within the power markets including congestion, outages, generation queues and transmission expansion,
  • Developing models that replicate ISO and RTO electricity markets and operations,
  • Undertaking large-scale power systems modeling,
  • Forecasting nodal power prices,
  • Assisting with identifying trade strategies for the FTR / CRR auctions, and
  • Monitoring changes in the power markets by following regulatory developments and participating in ISO stakeholder meetings.

 

Educational and professional requirements include a master’s degree or higher in a technical discipline including engineering, mathematics, statistics, physics and economics with a power systems background is a strong plus; 1-5 years’ experience in transmission planning, power engineering, congestion analysis or quantitative analysis at a utility, IPP, power trading firm, power research / consulting firm or an ISO; knowledge in the market rules of one or more of the following regions (PJM, NYISO, ISO-NE, MISO, CaISO, ERCOT, or SPP); quantitative modeling skills including mathematical, linear algebra and statistical techniques; and advanced technology / programming skills in Python and relational databases (MySQL, PostgreSQL) for data mining purposes and building trading tools.

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