FTR Power Trader - PJM Market -

Essential Duties & Responsibilities:

Market Analysis and Strategy Development

Research and model electricity market supply demand and grid congestion fundamentals to identify profitable trading opportunities in the PJM FTR markets.

Develop sophisticated trading strategies based on thorough analysis of historical congestion patterns transmission outages and market conditions.

Monitor variables that influence pricing availability and reliability of power resources across the PJM footprint.

Analyze and evaluate complex energy transactions and their impacts on FTR positions

Integrate quantitative analysis and techniques into fundamental trading strategies to optimize portfolio construction and outcomes.

Trading Execution

Execute FTR transactions in Longterm FTR Auctions Annual FTR Auctions Monthly FTR Auctions and the FTR Secondary market via FTR Center.

Submit strategic bids and offers for FTRs that align with the companys risk tolerance and portfolio strategy. Actively manage existing FTR positions through secondary market transactions to maximize value and mitigate risk.

Coordinate with other trading desks to ensure FTR positions complement the overall energy trading strategy.

Maintain detailed records of all trading activities and provide regular performance reports

Risk Management

Establish and maintain robust risk management practices for FTR trading activities

Develop hedging strategies to mitigate congestion risk exposure

Monitor and report on portfolio positions marktomarket valuations and risk metrics

Ensure all trading activities comply with company risk policies and regulatory requirements

Market Intelligence

Stay current on PJMs transmission system developments rule changes and market conditions.

Analyze the impact of renewable generation projects power plant retirements and transmission upgrades on congestion patterns.

Build and maintain relationships with key market participants and PJM stakeholders

Collaborate with internal teams to share market intelligence and coordinate strategies

Education and/or Experience Knowledge Skills & Abilities:

To perform this job successfully an individual must be able to perform each essential job duty satisfactorily. The requirements for this position are listed below:

Bachelors degree in finance Economics Engineering Mathematics or related field; Masters degree preferred

Minimum of 25 years of power trading experience with specific focus on FTR/CRR markets.

Demonstrated success in FTR trading strategies and portfolio management.

Strong understanding of PJM market structure rules and settlement processes.

Technical Knowledge and Skills

Indepth knowledge of Financial Transmission Rights mechanisms including options and obligations.

Expertise in congestion analysis and transmission system constraints in the PJM region.

Proficiency with FTR Center and other PJM market interfaces.

Experience with power flow modeling tools such as Enverus and Panorama.

Advanced skills in data analysis and financial modeling using Excel Python R or similar tools

Understanding of production cost modeling for electricity markets.

Professional Attributes

Strong analytical mindset with ability to identify patterns and opportunities in complex data sets

Decisionmaking skills under time pressure and market uncertainty

Excellent communication skills to articulate trading strategies and results to management

Selfmotivated with ability to work independently while contributing to team objectives

Detailoriented approach to transaction execution and risk management.

This FTR Power Trader position offers an exciting opportunity for an experienced energy trading professional to specialize in the dynamic and complex PJM FTR markets. The successful candidate will combine market knowledge analytical skills and trading experience to generate value through strategic FTR positioning while managing associated risks. This role requires both technical expertise in electricity markets and the commercial acumen to capitalize on trading opportunities in a fastpaced environment.

Working Conditions:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

• Usually normal office working conditions.
• Must be able to remain in a stationary position 50% of the time due to prolonged periods of sitting or standing.
• Occasional overnight travel may be required.
• Occasional visits to industrial/manufacturing settings which may include exposure to various materials and chemicals as well as extreme temperature conditions and loud machinery and require appropriate personal protective equipment.

An equal opportunity employer/disability/vet

An equal opportunity employer and does not discriminate against qualified applicants on the basis of actual or perceived race color religion sex sexual orientation gender identity age national origin disability pregnancy veteran status genetic information citizenship status or any other basis prohibited by law.

The nature and frequency of the above working conditions and requirements may vary depending on individual operational circumstances. Where feasible the Partnership will make reasonable accommodations to qualified individuals with disabilities to enable them to perform the essential functions of the job.

DISCLAIMER: The statements listed in this job posting which are subject to change are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required of personnel so classified.