Senior Power Trader

Location:

Houston, TX, US

Company: DTE Energy Trading

Job ID: 12211

DTE is one of the nation’s largest diversified energy companies. Our electric and gas companies have fueled our customer’s homes and Michigan’s progress for more than a century. And as Michigan’s largest source of renewable energy, we’re creating a cleaner, healthier environment to power our future. We’re also serving communities beyond Michigan, where our affiliated businesses offer renewable energy, emission control technologies, and energy services to industries in 19 states. But we’re more than a leading energy company... and working at DTE is more than just a job. At DTE, we take great care of each other and our customers, and we use our energy to be a force for growth and prosperity in our communities. When you join us, you’ll be part of a team that welcomes, recognizes, and celebrates differences, and values everyone’s health, safety, and wellbeing. Are you ready to make that kind of difference? Bring your energy to DTE. Together, we can achieve great things.

Job Summary

Location: Detroit, MI

Participates in wholesale financial and physical power markets for the purpose of increasing margin to ET. Analyzes, monitors, and reacts to market fundamentals to develop and execute trading strategies to create value and manage risk congruent with VaR, Risk, and Company guidance, in adherence to company policies and procedures.

Role is mainly self-directed, responsible for interacting with market participants to develop, negotiate, and execute opportunistic business opportunities that create value for the company. Responsible for developing trading views based on market fundamental analysis including weather, S&D, transmission, fuels, credit, and other market factors. Must work well in a team environment with traders, analysts, support staff, risk, and other company officers.

Key Accountabilities

• Responsible for the trading of financial/physical power market

• Develops intermediate or long-term strategies to maximize profitability for the organization

• Responsible for fundamental analysis or direction of analysis from support staff

• Ability to trade locational spreads, natural gas, and other derivatives to optimize portfolio

• Cultivates customer business by being a market maker for internal and external customers

• Serves as internal and external expert and sponsor in market areas of interest

• Understand legal, regulatory, and structuring concepts impacting customer and market development

• Adherence to all Company and Risk Policy and Procedures

• Performs all other related duties as assigned

Minimum Education & Experience Requirements

• A Bachelor’s Degree from an accredited college or university and at least 5 years of professional experience in applicable industries, including experience managing a proprietary trading book

Other Qualifications

Preferred:

• Extensive knowledge of trading regulations and markets

• Thorough understanding of North American power markets, including, but not limited to, supply and demand, logistics, regulations, and operations

• Specific knowledge of hedging and trading techniques for specific region

• Thorough understanding of all financial and physical products that are viable for executing trading strategies and hedges

• Thorough understanding of risk measurement techniques such as VaR used in measuring specific trading activity

• Ability to generate creative solutions to achieve goals

• Proactive, decisive individual who aggressively seeks new market opportunities

Other Requirements:

• Working knowledge of finance, accounting, production, operations, and public policy issues facing the power market in the assigned region

• Ability to operate in a fast-paced dynamic commodity market environment, where there are often time constraints and time sensitive deadlines

• Works effectively with a team to accomplish shared objectives

• Effective oral and written communication internally and externally

• Strong proficiency in MS Office

Physical Demands & Working Conditions

The physical demands characterized here epitomize those that must be met by an employee to properly perform the integral functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. In order to properly perform the integral functions of this job, the employee is required to:

• Stand or walk and stoop or kneel. Frequently, the employee is required to sit

• Talk or hear, both in person and by telephone; use wrists, hands and/or fingers in a repetitive motion; and reach with hands and arms extensively

• The employee in this classification may be required to lift objects of up to 10 pounds in weight

• Use computers with exposure to video display terminals; and some repetitive motion associated with data entry, the use of a computer mouse, and while using other office equipment

• Vision requirements for this position include close vision, color vision, depth perception and the ability to adjust focus

The employee performs job duties primarily in a work from home capacity and periodically from a climate-controlled office environment, with a moderate noise level.

Additional Information

Incumbents may engage in all or some combination of the activities and accountabilities and utilize a variety of the competencies cited in this description depending upon the organization and role to which they are assigned. This description is intended to describe the general nature and level of work performed by incumbents in this job. It is not intended as an all-inclusive list of accountabilities or responsibilities, nor is it intended to limit the rights of supervisors or management representatives to assign, direct and control the work of employees under their supervision.

At DTE Energy, we are committed to providing an inclusive workplace where everyone feels welcome and a sense of belonging. We seek individuals with a heart for service, a passion to help our communities prosper, and ideas to help shape the future of energy. We are proud to be an equal opportunity employer that considers all qualified applicants without regard to race, color, sex, sexual orientation, gender identity, age, religion, disability, national origin, citizenship, height, weight, genetic information, marital status, pregnancy, protected veteran status or any other status protected by law.