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Full-Time

Trade Analyst – Power Lead

Confirmed live in the last 24 hours

DRW

DRW

1,001-5,000 employees

Proprietary trading and risk management firm

Quantitative Finance
Financial Services

Senior

Houston, TX, USA

Category
Sales & Trading
Finance & Banking
Required Skills
Python
SQL
Data Analysis
Requirements
  • 7+ years of experience working in middle office functions supporting physical and financial Power or Natural Gas trading across North America with a minimum of 3+ years in power.
  • Firm understanding of power infrastructure, and market dynamics – including ISO operations across all ISOs.
  • Firm understanding of risk, valuations and full trade life cycle related to OTC transactions, FTRs, physical power and cross commodity structures.
  • Ability to communicate P&L results and drivers to key stake holders
  • Strong Excel skills and ability to work with databases, SQL, APIs, and prior python coding experience are all preferred. Ability to navigate and analyze P&L across large amounts of data inclusive of trade count, forward marks, and settlements.
  • Firm understanding of financial valuation concepts –MTM, realized vs unrealized P&L, discounting, etc. and the full trade lifecycle for physical and financial trading
  • Prior interaction with front office and senior management teams in an active trading environment a must.
  • Experience and working knowledge of third party ETRMs, including implementation and maintenance (prefer Endur/OpenLink).
  • Bachelor’s degree in Mathematics, Engineering, Economics, Finance, Accounting, or material equivalent exposure.
  • Demonstrated ability to work independently and quickly solve problems.
  • Able to handle sensitive financial data appropriately.
  • Accuracy and reliability/attention to detail is a must.
Responsibilities
  • Responsible for confirming valuation, position and risk for the NA Power desks for Traders and key stakeholders, which includes detailed PnL analysis, attribution reporting, risk projection, etc.
  • Primary point of contact for traders, originators and risk on position management, complex trade bookings, proposed/new trade support, valuation models and ad hoc analysis.
  • Proactively become a key user and subject matter expert of the firm’s proprietary systems and applications and 3rd party ETRM for all trading activity for the Power desks. Includes an understanding of reference data, trade bookings, processes and controls to support PnL and risk reporting.
  • Lead and mentor commercial trade analysts to develop the team’s overall capabilities. Make decisions to delegate tasks and responsibilities to provide accurate and timely support to the desks.
  • Interact daily and coordinate with other functional departments on problem resolution and testing and implementation of new trade structures, complex deals, testing of new instruments, etc. to ensure accuracy and completeness of data requirements and supporting processes. These departments include Market Risk, Credit, Accounting, Scheduling, Financial Operations, Treasury.
  • Support structured origination transactions and recommend booking methodology to ensure proper valuation and risk reporting. Work with Quantitative Research team on option models, inputs and valuation/risk results.
  • Liaise with technology teams to secure proper support/coverage for ongoing operations and implement enhanced workflows, with a focus on process efficiency, risk reduction, and alignment with DRW standards.
  • Work closely with Business Management and other internal teams to ensure new desks, traders, and products are onboarded timely and efficiently
  • Coordinate with global commodity teams to ensure consistency of trade valuation/modeling and gain understanding of regional differences.

RGM Advisors engages in proprietary trading, using its own capital to participate in various financial markets. The firm employs advanced technology and data analytics to develop trading strategies that manage risk while aiming for high returns. By focusing on institutional clients such as hedge funds and investment banks, RGM Advisors operates with greater flexibility compared to firms that manage client funds. Revenue is generated through trading profits, utilizing sophisticated algorithms and market-making strategies. The company distinguishes itself with a global presence and a commitment to attracting top talent, providing them with the tools needed to excel and rewarding exceptional performance.

Company Stage

M&A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2001

Growth & Insights
Headcount

6 month growth

4%

1 year growth

4%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Working at DRW offers exposure to cutting-edge trading technologies and innovative financial strategies.
  • The company's diversified investment approach provides employees with opportunities to work in various sectors, from trading to real estate and venture capital.
  • DRW's strong emphasis on quantitative research and data-driven decision-making fosters a culture of continuous learning and professional growth.

What critics are saying

  • The highly competitive nature of the trading industry means that DRW must constantly innovate to stay ahead.
  • Market volatility and economic downturns can significantly impact the company's trading performance and profitability.

What makes DRW unique

  • DRW's proprietary trading strategies and technology-driven approach set it apart from traditional financial firms.
  • The company's focus on quantitative research and algorithmic trading provides a competitive edge in the fast-paced financial markets.
  • DRW's diversified portfolio, including real estate and venture capital investments, distinguishes it from other trading firms that may focus solely on financial markets.

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Benefits

Daily catered breakfast & lunch

Massages

Social events

Gym subsidy

Flexible work arrangements

Monthly tastings

Game room

On-site yoga classes and meditation

Employee led affinity groups

Mentor/mentee outings

Trivia nights

Educational opportunities

DRW-sponsored sports teams

Poker tournament

Private mother's suite