Pricing Manager in Power Markets, Risk & Strategic Analysis

Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodity markets. Nodal Exchange is a leader in innovation, having introduced the largest sets of environmental and electric power futures and options contracts in the world. All transactions on Nodal Exchange (power, environmental and natural gas) are cleared through its wholly owned clearing house, Nodal Clear, using its award-winning portfolio margining methodology. Nodal Clear also clears a broad set of crypto futures contracts for Coinbase Derivatives Exchange. As leaders in innovation, Nodal Exchange and Nodal Clear have built in-house most of the trading and clearing platforms that fuel our business. Nodal Exchange is part of the EEX Group which is in turn part of the Deutsche Börse Group.

We are now looking for talented, innovative individuals to join our team in Tysons Corner, VA (DC Metro area).

Manager, Risk & Strategic Analysis
Primary responsibilities include:

Manage the daily forward curve construction of a large set of power futures and options contracts and continue improving the pricing process
Enhance the futures pricing methodology through fundamental analysis of the underlying power markets
Analyze multi-million row datasets, produce reports to communicate with senior management, and create tools to automate workflows
Conduct research and synthesize information from a variety of sources, including the internal data, model outputs, and market/industry data and research reports, to monitor the competitive landscape and support the development of new power derivatives contracts and services
Develop and assess risk management approaches for customer portfolios, including pricing and risk management models for existing and new power derivative contracts
Manage inquiries from both internal (senior management and the Board) and external (customers and regulators) sources regarding the exchange operations

The ideal candidate will possess both a significant attention to detail, as well as an ability to synthesize broader patterns and business logic into recommendations to support the business development and risk management of the Exchange and the clearing house. Our business is data-oriented and strong analytical and quantitative skills are a must. Strong knowledge in power markets (such as financial transmission rights (FTR), power spot market, and power derivatives market, etc.) is a must. Previous experience in financial risk management is a plus. This is a hands-on role, and candidates should be excited to actively participate in delivering meaningful solutions and results.

Requirements:

Bachelor’s degree or higher in quantitative finance, economics, statistics, applied mathematics, engineering or comparable area
6+ years of experience working in quantitative analytical roles, ideally in financial service industries
3+ years of experience in the power markets, such as power spot market and FTR market analysis. Experience in running power flow models and power grid analysis
Proficient in scripting language, such as Python or R (at least one is required)
Outstanding quantitative skills
Strong problem-solving ability
Strong communications skills

Physical requirements:

Ability to work a hybrid schedule (3-days a week) onsite in Tysons Corner office
Ability to perform the essential functions of the position with or without reasonable accommodation.

Salary Range: $170k - $230k total compensation per year. This does not include potential deferred compensation component.

Pay Transparency Notice: The salary range is based on the D.C. metro area. The successful candidate’s starting salary will vary depending on permissible, non-discriminatory factors including but not limited to qualifications, skills, and experience. Nodal also offers a wide range of benefits and perks for full-time employees, which may include target bonuses.

Nodal Exchange

Pricing Manager in Power Markets - Quantitative Risk & Strategic Analysis

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Nodal Exchange

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