Senior Director - NYMEX Natural Gas Trading

Irving, TX 75039

Posted: 04/02/2024 Industry: Energy-Front Office Job Number: 1780

Job Description

A competitive power generation company in the Dallas area seeks a Senior NYMEX Natural Gas Trader with extensive experience managing a financial portfolio of natural gas swaps, futures, options, other derivatives, etc. Natural Gas Trading is focused on hedging and optimization for a 40-gigawatt power generation fleet and load portfolio. This is a key senior position within a commercial trading team, including power traders, other natural gas traders, and fundamental and option analysts. This trader will be involved with ongoing fundamental/technical analysis of the natural gas markets, creating sophisticated strategies around market dynamics, executing and managing a financial natural gas portfolio supporting the company’s NYMEX exposure, and participating in proprietary trading.

Key responsibilities include:
  • Strategy Development: Develop and refine point-of-view trading strategies to capitalize on market opportunities. Collaborate with fundamental analysts and other natural gas and power traders to identify and exploit market inefficiencies.
  • Market Analysis: Conduct in-depth analyses of short-term natural gas market fundamentals, technical indicators, and geopolitical factors influencing natural gas prices. Stay abreast of market news, regulatory changes, and competitor activity to inform trading decisions.
  • Risk Management: Monitor and manage trading positions to optimize profitability while effectively managing risk exposure.
  • Hedging: Implement hedging strategies to mitigate price risk and protect the power generation and load books.
  • Trade Execution: Execute trades on the NYMEX natural gas futures and options markets, ensuring timely and accurate execution of trading strategies.
  • Relationship Management: Build and maintain relationships with counterparties, brokers, and other market participants to facilitate trade execution and access market intelligence.
  • Trade Documentation: Maintain accurate trade records and documentation, ensuring compliance with regulatory requirements and internal policies.

Professional and educational qualifications include:
  • Bachelor’s degree in finance, economics, or a related field.
  • 10+ years of professional experience in financial natural gas trading, analysis, and financial options structuring on the NYMEX or other energy exchanges.
  • Proven track record of successful trading performance and risk management in the natural gas markets.
  • Experience with the wholesale power markets including power generation and load. 
  • Strong analytical and communication skills, with the ability to collaborate with internal and external stakeholders.

Job Requirements

NYMEX, Natural Gas Trader, Natural Gas Trading, Hedging, NYMEX Options, NYMEX Futures
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Discover exciting job opportunities in the vibrant city of Irving, Texas! Known for its diverse community and thriving economy, Irving offers endless possibilities for career growth and development. With its close proximity to Dallas Fort Worth International Airport, major corporations, and charming neighborhoods like Las Colinas, Irving is the perfect place to advance your career. Explore job listings in this bustling city and be part of the dynamic energy that surrounds attractions like the Toyota Music Factory, the Irving Arts Center, and the Mustangs of Las Colinas sculpture. Embrace the blend of Texan hospitality and cosmopolitan flair that makes Irving a truly exceptional place to work and live. Take the next step in your career journey and find your perfect match in Irving, Texas!