Full-Time
Manager – Power Trading Analytics
Posted on 4/25/2024
Renewable and natural gas energy generation
Compensation Overview
$165,000 - $200,000Annually
Mid, Senior, Expert
Princeton, NJ, USA
- Masters or Ph.D. in Engineering, Mathematics, Economics, or a related quantitative discipline
- 5-10 years in increasingly responsible quantitative roles, especially within the energy industry
- Knowledge of US Electricity markets and power systems with direct experience with at least one ISO market
- Highly proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks with an understanding of option valuation and Greeks
- Highly experienced in at least one programming language, preferably Python or R, with a demonstrated track record of developing complex statistical models and ideally implementing them into a production system
- Ability to build Quant Lib utilizing stochastic calculus and Option Models for deal valuation
- Strong SQL and data mining skills
- Ability to construct power fundamental models for pricing, load, generation, flow, and outages using various methodologies
- Ability to extract, manipulate, and analyze large datasets relevant to the energy market in order to develop complex trading algorithms
- Exposure to regulatory expectations and industry standards concerning risk management practices including risk management modeling
- Experience in valuing and transacting transmission hedging products
- Experience in valuing and transacting Resource Adequacy and Capacity products
- Strong relationships with credit and professionals, both internally and externally, to ensure adherence to established credit and risk policies
- Excellent written and verbal communication skills and an ability to communicate complex issues in a clear, concise manner
- Highly proficient in Microsoft Word, Excel, and PowerPoint
- Strong business and financial savvy with the ability to support a high-performance organization that will deliver operational excellence and meet or exceed financial targets
- Ability to perform well under pressure on teams in a demanding environment and occasionally work extended hours to meet project deadlines
- Ability to think creatively, manage competing priorities, work independently, and pay attention to detail
- Self-motivated and highly organized
- Develop gross margin at risk models for projects with market price exposure
- Develop portfolio risk limits and maintain portfolio-level risk metrics
- Review forward market price volatility curves and correlation assumptions for stochastic risk modeling
- Facilitate trading strategy performance benchmarking and establishing risk limits
- Develop and apply portfolio optimization techniques to drive hedge strategy decisions
- Collaborate with Market Fundamentals and Transmission Team to incorporate long-term fundamental views into short-term risk mitigation trading strategies
- Support valuation of short-term hedge and PPA amendments for contract negotiations with the Origination team
- Develop REC, Capacity, Resource Adequacy, and transmission hedging trading strategies
- Develop gas trading strategies to help mitigate the risk for the company’s three conventional assets
- Collaborate with senior executives in setting appropriate hedging and risk management strategies for both renewable and conventional assets
- Develop insightful market dashboards using Power BI or similar tools
- Participate in Energy Risk Committee discussions along with senior leadership
- Present risk issues that require approval of the Energy Risk Committee at the committee meeting
- Lead creation of management reporting that presents positions and exposures
Clearway Energy, Inc. is a top employer for those passionate about contributing to a sustainable future, offering roles in the management and expansion of a significant portfolio of renewable energy projects. This company is characterized by a strong emphasis on environmental stewardship and stable growth opportunities, which makes it an appealing workplace for individuals aiming to advance in the dynamic field of renewable energy while making a meaningful impact on the planet's sustainability.
Company Stage
Private
Total Funding
$1.6B
Headquarters
Princeton, New Jersey
Founded
2018