Senior Manager CRR & FTR Trading, Market Optimization & Trading

What The Role Is

Reporting to the Senior Director Market Optimization & Trading the Manager of CRR & FTR Trading is responsible for developing executing and optimizing Clearways congestion management strategies through active participation in ERCOT and CAISOs Congestion Revenue Rights (CRR) and Day-Ahead markets and the PJM Financial Transmission Right (FTR). This role focuses on identifying analyzing and monetizing congestion opportunities while managing the companys nodal risk and basis exposure across its generation portfolio. This role will also be tasked with developing hedging and risk management strategies across other parts of the portfolio. The position requires strong analytical modeling risk management and trading skills to inform commercial decisions and support portfolio optimization within a rapidly expanding renewables platform.

What Youll Be Doing

CRR / FTR Trading & Position Management

• Develop and execute CRR FTR and congestion trading strategies to hedge and optimize portfolio congestion risk across ERCOT CAISO and PJM.
• Analyze historical and forecasted congestion patterns to identify trading opportunities in monthly and annual CRR auctions.
• Manage portfolio-level exposure to nodal price risk through CRR / FTR acquisitions sales and virtual positions.
• Support the Real-Time and Day-Ahead MOT team with congestion insights and locational pricing forecasts.
• Collaborate with Market Fundamentals Asset Management and Origination to align CRR strategies with commercial hedging and offtake structures.
• Monitor project-level financial performance tied to congestion costs basis exposure and hedge efficiency.
• Maintain dashboards and reporting tools to track CRR positions portfolio exposure and P&L attribution.

Analytics & Modeling

• Utilize power flow and production cost modeling software (e.g. Dayzer and PROMOD) to forecast congestion and simulate transmission constraints.
• Coordinate with Fundamentals and Analytics teams to enhance modeling of nodal prices transmission outages and topology changes.
• Leverage programming tools such as Python R SQL and Power BI to automate congestion analytics and scenario back-testing.
• Research regulatory filings transmission plans and outage schedules to anticipate market shifts.

Market Fundamentals

• Conduct an in-depth analysis of ERCOT PJM and CAISOs transmission topology load growth and renewable generation trends.
• Monitor weather outage and project interconnection developments that impact congestion patterns.
• Communicate congestion forecasts and market insights to internal stakeholders including senior management and trading desks.

Risk & Energy Market Strategy

• Develop portfolio risk limits and maintain portfolio-level risk metrics accounting for cross-market correlations in energy congestion and REC prices.
• Review forward market price volatility curves and correlation assumptions for stochastic risk modeling.
• Facilitate trading strategy performance benchmarking and establishing risk limits.
• Develop and apply portfolio optimization techniques to drive hedge strategy decisions while balancing the risk-adjusted revenue of Clearways renewable assets. Hedging strategies include DART optimization CRR/FTRs term hedge and PPA transactions. Perform daily and weekly portfolio assessments to identify opportunities to maximize portfolio profit opportunities and identify risks.

Governance Compliance & Risk

• Ensure CRR/FTR trading activities comply with corporate and project-level risk policies market rules and Market protocols. Work closely with Risk Accounting and Settlements to reconcile positions P&L and collateral management.
• Maintain compliance documentation and participate in periodic audits.

Collaboration & Commercial Support

• Partner with Market Fundamentals Origination Development and Asset Management teams to incorporate CRR/FTR and congestion considerations into project siting and contracting decisions.
• Provide market intelligence and due diligence support for M&A transactions new developments and repower evaluations.
• May impact departmental budgeting strategic planning and procedural change

What Youll Bring

• Bachelors degree in Engineering Economics Finance or related field.
• 6-10 years of power market experience with at least 2 years directly in CRR FTR nodal or virtual trading.
• Experience using ERCOT and CAISO CRR auction tools Dayzer UPLAN or similar transmission models.
• Prior experience in energy trading asset optimization or market analytics required.
• Ability to construct power fundamental models for pricing load generation flow and outages using various methodologies
• Ability to build Quant Lib utilizing stochastic calculus and Option Models for deal valuation.
• Deep understanding of ERCOT CAISO and PJM market design CRR/FTR auction processes transmission planning and nodal pricing. Dayzer experience is required.
• Strong quantitative analytical and problem-solving abilities.
• Excellent communication skills to translate technical results into commercial strategy.
• Proficiency with Excel PowerPoint and Power BI.
• Familiarity with congestion and risk management strategies for renewable and storage assets.
• Highly proficient in developing predictive models using mathematical and statistical methods to identify analyze and mitigate energy market risks with an understanding of option valuation and Greeks.

What Would Be Nice

• Advanced degree preferred
• Advanced skills in Python R or SQL strongly preferred
• Familiarity with battery wind or solar congestion profiles is a plus.

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

#LI-Hybrid

Clearway Energy Group is leading the transition to a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.6 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.5 GW of conventional dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 3 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .

Our Commitment to Diversity Equity & Inclusion
Clearway Energy Groups vision is a world powered by clean energy. Along with our public affiliate Clearway Energy Inc. our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states including 9.1 GW of wind solar and battery energy storage assets and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future Clearways operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver Houston Phoenix Princeton and San Diego. For more information visit .

Working at Clearway Hybrid Together
Here at Clearway were committed to balancing flexibility while fostering strong relationships with our teammates. We do this by prioritizing corporate new hires based near one of our offices in San Francisco San Diego 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. Our site-based employees collaborate in-person daily to keep our locations operating safely and efficiently while fostering strong relationships within their local communities.

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 for 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.

Notice to Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies with equalemploymentlaws 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 and let us know the nature of your request and your contact information.

All official communication regarding this position will come only from an email address ending with @. If you receive outreach from any other email address claiming to represent Clearway Energy please do not respond as it is fraudulent.

Notice to California Applicants
Clearway Energy is strongly committed to a philosophy of equal opportunity and fully complies withequalemploymentlawsordinances and regulations for all applicants and employees.