Senior Associate, Market Optimization & Trading

San Francisco, California, United States

What The Role Is

Reporting to the Senior Director, Market Optimization & Trading, the Senior Associate of Market Optimization & Trading will be responsible for the development and execution of short-term trading strategies for Clearway’s ERCOT and PJM assets. The Senior Associate will work closely with Business Development, Origination, Asset Management, and Operations to manage Clearway’s market exposure while working to scale capabilities within a rapidly growing organization.

If you don’t meet 100% of the above qualifications but see yourself contributing, please submit your resume.

What You'll Be Doing

Position Management

• Develop and execute short-term trading and hedge strategies to manage market exposure associated with energy, shape, basis, and ancillary positions in ERCOT and PJM.

• Identify and analyze congestion risks and execute in the CRR or virtual markets to mitigate these risks.

• Lead hedging, trading, and optimization strategies for battery storage, wind, and solar assets.

• Initiate alternative hedge structures and structured products, in coordination with Origination and Business Development, to enable risk management and optimization at a project or portfolio-level.

• Communicate with project stakeholders on market conditions, trading risks, and optimization opportunities.

• Monitor and analyze project financial performance relative to annual financial targets and trading strategies.

• Work with analytics teams to develop and enhance tools for position management and reporting.

• Interface with internal teams and QSEs to transition new projects successfully into commercial operation.

• Support efforts to transition to self-performed QSE services from 3rd party providers.

Fundamental Analysis

• Research fundamental drivers of supply, load, congestion, and seasonal weather risk in support of Day Ahead trading, intra-month trading, and upstream investment decision processes.

• Establish, and maintain capabilities to monitor and take effective action on market fundamentals changes.

• Manage internal personnel, services/subscriptions, and 3rd parties to enable oversight and mitigation of market and volumetric risk factors including weather, transmission, regulatory, and other supply/load drivers.

• Provide recurring and ad-hoc updates to internal stakeholders and financial partners.

Governance, Compliance & Administration

• Manage Clearway’s ERCOT and PJM market exposure in compliance with corporate and project-level trading and risk policies.

• Work with Risk, Settlements, Accounting, and Internal Audit to ensure compliance with key business controls.

• Work across the organization to improve analytical tools, risk management, and market knowledge.

Due Diligence in support of M&A and Project Investments

• Perform project evaluations, project agreement reviews, due diligence and make recommendations in support of acquisitions, divestitures, and/or investments in company-developed or repowered projects.

What You'll Bring

• Bachelor’s degree in Engineering, Finance, Business, Economics, or related field.

• 5+ years of energy industry experience with 3+ in an energy trading role.

• Experience working in renewable energy with a preference for roles in scheduling, real-time or term trading, or origination.

• Strong understanding of electricity market design, federal and state regulatory rules and issues, tariff structures, renewable energy, and renewable incentives.

• Strong business and financial savvy with the ability to support a high-performance organization.

• Ability to formulate and articulate viewpoints (written and verbal) in a clear, persuasive, and succinct manner.

• Ability to handle multiple concurrent efforts and provide high-quality deliverables accurately and on time.

• Ability to work well in a fast-paced, team-oriented, collaborative environment that emphasizes attention to detail, meeting deadlines, and working together to achieve company-wide objectives.

• Strong communication, interpersonal, analytical, and problem-solving skills.

• High proficiency in Excel, PowerPoint, and Word.

• Direct experience in one or more of the following:

• Dispatch and trading of battery storage generation ERCOT

• Nodal trading experience with CRRs and Day-Ahead/Real-Time Virtuals

• Trading financial/physical positions in the short-term power markets in ERCOT and PJM

What Would Be Nice

• Experience in ERCOT and/or multiple ISOs

• Experience in modeling, forecasting, or trading energy and ancillary services

• Experience running power flow models such as Dayzer & UPLAN

• Proficiency with programming tools such as Python, R and SQL

Clearway will not sponsor nonimmigrant visas for this position (H-1B, TN, E-3, etc.).

#LIHybrid

The pay rate for the successful candidate will depend on geographic location, skills, relevant and demonstrated experience, education, training and certifications, and other factors permitted by law. This role is eligible to earn an annual cash bonus, subject to personal and company performance goals.

Salary Range Across all U.S. Locations

$140,000-$175,000USD

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., we own and operate 10 gigawatts of renewable and conventional energy assets across the country. As we develop a nationwide pipeline of new renewable energy projects for the future, Clearway’s 8 gigawatts of operating wind, solar, and energy storage assets offset the equivalent of more than 9 million metric tons of carbon emissions for our customers today. Clearway Energy Group is headquartered in San Francisco with offices in Carlsbad, CA.; Scottsdale, AZ.; Houston, TX; Denver, CO; and Princeton, NJ. For more information, visit clearwayenergygroup.com.

Our Commitment to Diversity, Equity, & Inclusion

At Clearway, we create a community that isn’t about being the same – it’s about building a team of unique individuals, with different backgrounds & skill sets, coming together to build something big & make a difference in the world. Clearway’s team is dedicated to a clean energy future across a wide spectrum of roles & responsibilities. Embodying our company values and operating principles, unique individuals come together over a common mission. We embrace opportunities to do challenging work that can change the world. We aspire to bring out the best in everyone. We share setbacks, celebrate successes, & act with integrity & accountability to get the job done.

Working at Clearway, Hybrid Together

Here at Clearway, we’re committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing new hires based near one of our offices in San Francisco, Carlsbad, Scottsdale, Houston, Denver, & Princeton. Our office-based employees typically work together from fabulous spaces on Tuesdays & Thursdays to collaborate & learn, build community, get to know one another, & enjoy company-provided meals & events.

Clearway Energy is an equal opportunity employer that values a broad diversity of talent, knowledge, experience & expertise. We intentionally foster a culture of inclusion that empowers our employees to deliver superior performance to the communities we serve. We encourage minorities, women, individuals with disabilities & protected veterans to join the team. Clearway is a proud promoter of employment opportunities to our Military & Veterans.

What We Provide

Clearway offers all eligible employees working 20+ hours per week a comprehensive menu of benefits: generous PTO, medical, dental & vision care, HSAs with company contributions, health FSAs, dependent daycare FSAs, commuter benefits, relocation, & a 401(k) plan with employer match, a variety of life & accident insurances, fertility programs, adoption assistance, generous parental leave, tuition reimbursement, & benefits for employees in same-sex marriages, civil unions & domestic partnerships. For more on Clearway benefits, visit our Benefits Website (https://benefitsatclearway.com/) .

Notice to Applicants

Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) , ordinances and regulations for all applicants and employees. We will make reasonable accommodations to enable individuals with disabilities to apply and compete for employment opportunities for which they are qualified. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to recruiting@clearwayenergy.com and let us know the nature of your request and your contact information.

Notice to California Applicants (https://www.clearwayenergygroup.com/california-consumer-protection-act-applicant-notice/)

Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equal employment laws (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) , ordinances and regulations for all applicants and employees.