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Xcel Energy Associate Energy Trader - Denver, CO Job in Denver, Colorado

Location(s): CO - Denver

Are you looking for an exciting job where you can put your skills, talents and education to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A professional position at Xcel Energy could be just what you’re looking for.

Xcel Energy Trading and Origination is looking for a professional with experience in the wholesale energy markets to help grow and move our business forward. This position will deepen our in-house bench to support Trading, Origination, Mid-Marketing, and the growth of our customer business - modeling, pricing, and developing hedge strategies around bespoke power and gas deals. The individual will work with the Trading and Origination team to develop risk management solutions for customers, and with the trade desk to price and structure power and gas derivative solutions in the wholesale US power and gas markets. In addition to quantitative finance and Excel/VBA expertise (Python/SQL experience is a plus), this individual will perform pricing and fundamental research to support Structured Power transactions in the regional energy markets. This individual will also help craft PowerPoint pitches targeted at external customers, and help socialize our strategy/activities with our in-house partners across Xcel Energy. Energy markets experience preferred.

Please note: this position will be based in Denver, Colorado. During COVID-19 Pandemic this position may require the ability to temporarily work remote within the company service territory until company protocol dictates return to the office criteria has been met.


Responsible for developing, analyzing, implementing, and maintaining trading models to be used in energy sales. Responsible for trading day-ahead transactions to maximize Xcel Energy revenues. Identifies and analyzes technical and fundamental factors affecting day-ahead market prices. Profitably trades MISO, PJM, NEISO, and NYISO markets to generate trading margins for the Xcel Energy proprietary trading and system management book.

Essential Responsibilities

  • Model Development - Interact with Traders regarding financial market trends to research and develop new models. Perform initial model testing using historical data to prove validity of the model. Work with IT to automate the logic and functionality of successful test models, identify data sources, convey model logic, formulate mathematics and user input, provide feedback for each revision, and back-test each revision.

  • Utilize model output to profitably engage in the proprietary trading of financial energy products. Executes trades within defined risk parameters, with a duration of day-ahead. Implement trading strategies that capture inefficiencies of the market as the result of pricing disparity, generation outages, congestion, and binding constraints. Track trading results to understand current market conditions for future improvements to the models.

  • Work with Traders and Risk Analytics to develop tools that track and analyze current and anticipated market trends. Performs technical and fundamental analysis of futures and forward physical market prices to develop a view of the market for Trading. Uses analytical skills to provide pricing support for risk management and other trading staff, as needed.

  • Perform daily review of deal capture input to ensure Front Office deal integrity. Perform daily comparison of ACES and PANO as well as ACES and PCI inputs to ensure the systems are consistent and appropriate corrections are made as needed. Utilize the existing reporting system and/or work with IT to improve or develop a system that accurately identifies input discrepancies. Ensure changes are timely and completed prior to Accounting personnel running the Weekly P&L and closing the books at month end.

  • Model Maintenance ? Perform revisions, enhancements, back-testing, and post-analysis of models in test and production environments. Work with IT to promptly correct problems or enhance functionality. Identify data sources that may provide enhanced results such as quality-controlled data, additional granularity, or new types of data. Communicate model changes and enhancements to Traders and provide training.

  • Other special projects and duties as assigned.


  • BS or BA, preferably with emphasis in Marketing, Business, Finance, or Engineering.

  • Must have fundamental understanding of financial markets.

  • Experience in modeling work is required; preferably energy trading modeling.

  • Strong statistical analysis skills are necessary.

  • Must have advanced computer system skills in Excel, and preferably with Verify, Velocity, or similar tools.

  • Must possess the ability to communicate with all levels of employees, excellent analytical skills, and strong problem-solving skills.

  • Additional requirements are dependent upon the energy market to which the Associate Energy Trader is assigned.

As a leading combination electricity and natural gas energy company, Xcel Energy offers a comprehensive portfolio of energy-related products and services to 3.4 million electricity and 1.9 million natural gas customers across eight Western and Midwestern states. At Xcel Energy, we strive to be the preferred and trusted provider of the energy our customers need. If you’re ready to be a part of something big, we invite you to join our team.

Posting Notes: CO - Denver || CO - Denver || United States (US) || Generation || 25230:Man Dir Energy Trading || Full-Time || Non-Bargaining ||

The anticipated starting base pay for this position is: $82,700 to $117,500 per year

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Requisition Number: 34741

Equal Opportunity Employer: Minority/Female/Disability/Veteran

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