Full-Time
Manager – Power Trading Analytics
Posted on 4/25/2024
Renewable and natural gas energy generation
Energy
Senior
San Francisco, CA, USA
Required Skills
Python
R
Data Structures & Algorithms
SQL
Data Analysis
Requirements
- 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
- 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
Responsibilities
- 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
- 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
- Support valuation of short-term hedge and PPA amendments
- Develop REC, Capacity, Resource Adequacy, and transmission hedging trading strategies
- Develop gas trading strategies
- Collaborate with senior executives in setting appropriate hedging and risk management strategies
- Develop insightful market dashboards
- Participate in Energy Risk Committee discussions
- Present risk issues that require approval of the Energy Risk Committee
- Lead creation of management reporting
Clearway Energy, Inc. is a stellar example of commitment to renewable energy within the US, leading with a diverse portfolio of over 5,500 MW in wind and solar projects, alongside environmentally-sound natural gas facilities. This company cultivates a growth-oriented environment focused on sustainable practices and technological advancements in clean energy, making it a prime workplace for individuals passionate about impacting the environment positively while supporting stable and growing investment incomes.
Company Stage
Private
Total Funding
$1.6B
Headquarters
Princeton, New Jersey
Founded
2018
Growth & Insights
Headcount