ERCOT Power & Gas Energy Trader

The future of energy is digitized, decarbonized and localized. At SmartestEnergy, we need revolutionary thinkers to help our customers make the most of this new landscape, thinking differently to find smart solutions to complex problems.

Formed in 2001, we're an agile business driven by entrepreneurial thinking. As a subsidiary of the Marubeni Corporation, we also have strong investment and infrastructure behind us. As well as our two offices in the US, we have three offices in the UK and another in Australia. Further expansion is planned for 2025 and beyond which means global career opportunities for you, with plenty of potential to explore new markets.

Flexibility is vital to success in our business and many of our staff work flexibly in many different ways, including part-time, compressed hours, remotely or a mix of remote / office. Please talk to us about what flexibility means to you and don't let anything stop you from applying.

When you join our Team, you will have the opportunity to contribute and make an impact every single day.

Overview

Reporting to the Head of Trading in the Wholesale Group, the principal role of the Trader (ERCOT) is responsible for the creation, management and execution of power and gas trading strategies in the ERCOT region. The goal of this role is to support Smartest's overall business plan and profitability through the delivery of the relevant profit targets, while operating in accordance with relevant risk limits (for example, VaR and stop loss) and maintaining a high standard of conduct. The Trader is responsible for ensuring that internal and external customers receive a combination of price competitiveness and outstanding customer service and, in parallel, supports Smartest's wider business plan by overseeing the diligent hedging and risk management of Smartest's exposure to the market price risks associated with Smartest's core contract business activities. This role will have access to the Wholesale Analytics function which works to support the trading strategies, manage ETRM trade entry and provide market information.

The role will be located at SmartestEnergy's Houston office when established. A hybrid work arrangement will be in place with a requirement to be in the office a minimum of 2 days a week.

Key Responsibilities for this role include :

• Achievement of annual Trading P&L targets
• Operating within and complying with risk limits and trading control procedures
• Development and implementation of proprietary trading strategies and tactics
• Specify and contribute to the development of Trading Analytics tools and reports
• Development of ERCOT bid / mid / offer wholesale marks
• Issuance of Retail commodity offer curve and ad-hoc Power plant offtake prices
• Develop and Maintain key relationships which market participants to support Trading activities

To be successful in this role, you are likely to have the following skills / experience :

Diversity

Celebrating our inclusive and diverse culture is core to what we do. We value everybody irrespective of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability and genetic information (including family medical history). EOE.

We know that for our business to thrive we need diverse talent with a range of backgrounds, skills and capabilities in each of the countries in which we operate. We view diversity as one of the key enablers that helps our business to grow.

We are committed to the full inclusion of all qualified individuals. As such, if a reasonable accommodation is needed to participate in the job application or interview process, please reach out to the HR & People Team via email us-hrssc@smartestenergy.com so we can discuss with you further.

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Department Trading Locations SmartestEnergy US - Houston Area Remote status Hybrid Employment type Full-time Remote Status Hybrid - some office and some remote work each week