Avangrid Senior Market Trader in Portland, Oregon
Senior Market Trader
Company: AVANGRID RENEWABLES, LLC
Portland, OR, US
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com (https://www.avangrid.com/wps/portal/avangrid/home)
Responsible for trading physical and financial electricity, in the medium term and long term markets. Develops and executes trading and/or hedging strategies to optimize and/or monetize the corporate portfolio. Analyze fundamental data to create risk-adverse trading strategies designed to capture extrinsic value from the marketplace. Develops and manages hedging strategies for all assets. Assist Business Development, Origination and Structuring on deal evaluations.
Trade physical and financial power and gas in the medium term and forward markets.
Develop and manage hedging strategies for corporate assets
Develop and manage hedging strategies for corporate long term fixed price contracts
Manage Individual Proprietary Trading book.
Evaluate market conditions to optimize corporate asset book in the medium term and forward markets.
Provide leadership to Cash Desk and Support Personnel in Power Trading group.
Assist Business Development, Structuring and Origination with deal evaluation
Trade short-term physical and financial power focusing on the Midwest & Northeast.
Lend commercial leadership to the Company's development and origination activities to expand the company's power portfolio.
Develop and manage hedging strategies for corporate assets.
Manage individual proprietary trading book.
Provides back-up trading support to the NE Power Cash Trading Desk.
Assist Real Time Desk and support personnel in power trading group.
Adhere to internal controls.
Develop Self & Others
Empower to grow
Collaborate and Share
Be a role model
Focus to achieve results
Skills and Requirements
5+ years work experience power trading including 3 years in the West markets.
Ability to model intra-day and next day pricing and load to devise strategies.
Familiarity with LIM or other price data warehouse.
Ability to solve problems and explain the ideas that underlie them.
Quick learning curve with the ability to receive, process, and transact on information.
Proven ability to understand market conditions and to identify arbitrage opportunities.
PC proficiency, especially with Excel, and experience with automated tools to support trading activity.
Ability to travel as needed for the position.
Bachelor's degree in Mathematics, Business, Finance, Economics, or Engineering.
Experience with PJM & MISO market.
Additional Success Factors:
Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.
Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.
Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.
Ability to efficiently manage multiple, concurrent, time-sensitive projects and priorities.
Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties.
Our Selection Process
Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country
Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables
AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link (https://www.eeoc.gov/employers/upload/poster_screen_reader_optimized.pdf)
If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our Human Resources department at 203-499-2777 or firstname.lastname@example.org