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The Role
Manage daily forward curve construction for power futures and options, improve pricing methodology, analyze large datasets, develop pricing and risk models, support product development, and respond to internal and external inquiries to inform exchange and clearing house risk and business strategy.
Summary Generated by Built In
Pricing Manager in Power Markets, Risk & Strategic Analysis
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodity markets. Nodal Exchange is a leader in innovation, having introduced the largest sets of environmental and electric power futures and options contracts in the world. All transactions on Nodal Exchange (power, environmental and natural gas) are cleared through its wholly owned clearing house, Nodal Clear, using its award-winning portfolio margining methodology. Nodal Clear also clears a broad set of crypto futures contracts for Coinbase Derivatives Exchange. As leaders in innovation, Nodal Exchange and Nodal Clear have built in-house most of the trading and clearing platforms that fuel our business. Nodal Exchange is part of the EEX Group which is in turn part of the Deutsche Börse Group.
We are now looking for talented, innovative individuals to join our team in Tysons Corner, VA (DC Metro area).
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodity markets. Nodal Exchange is a leader in innovation, having introduced the largest sets of environmental and electric power futures and options contracts in the world. All transactions on Nodal Exchange (power, environmental and natural gas) are cleared through its wholly owned clearing house, Nodal Clear, using its award-winning portfolio margining methodology. Nodal Clear also clears a broad set of crypto futures contracts for Coinbase Derivatives Exchange. As leaders in innovation, Nodal Exchange and Nodal Clear have built in-house most of the trading and clearing platforms that fuel our business. Nodal Exchange is part of the EEX Group which is in turn part of the Deutsche Börse Group.
We are now looking for talented, innovative individuals to join our team in Tysons Corner, VA (DC Metro area).
Key Responsibilities
Manager, Risk & Strategic Analysis
Primary responsibilities include:
- Manage the daily forward curve construction of a large set of power futures and options contracts and continue improving the pricing process
- Enhance the futures pricing methodology through fundamental analysis of the underlying power markets
- Analyze multi-million row datasets, produce reports to communicate with senior management, and create tools to automate workflows
- Conduct research and synthesize information from a variety of sources, including the internal data, model outputs, and market/industry data and research reports, to monitor the competitive landscape and support the development of new power derivatives contracts and services
- Develop and assess risk management approaches for customer portfolios, including pricing and risk management models for existing and new power derivative contracts
- Manage inquiries from both internal (senior management and the Board) and external (customers and regulators) sources regarding the exchange operations
The ideal candidate will possess both a significant attention to detail, as well as an ability to synthesize broader patterns and business logic into recommendations to support the business development and risk management of the Exchange and the clearing house. Our business is data-oriented and strong analytical and quantitative skills are a must. Strong knowledge in power markets (such as financial transmission rights (FTR), power spot market, and power derivatives market, etc.) is a must. Previous experience in financial risk management is a plus. This is a hands-on role, and candidates should be excited to actively participate in delivering meaningful solutions and results.
Skills, Knowledge and Expertise
Requirements:
- Bachelor’s degree or higher in quantitative finance, economics, statistics, applied mathematics, engineering or comparable area
- 6+ years of experience working in quantitative analytical roles, ideally in financial service industries
- 3+ years of experience in the power markets, such as power spot market and FTR market analysis. Experience in running power flow models and power grid analysis
- Proficient in scripting language, such as Python or R (at least one is required)
- Outstanding quantitative skills
- Strong problem-solving ability
- Strong communications skills
Physical requirements:
- Ability to work a hybrid schedule (3-days a week) onsite in Tysons Corner office
Salary Range: $170k - $230k total compensation per year. This does not include potential deferred compensation component.
Pay Transparency Notice: The salary range is based on the D.C. metro area. The successful candidate’s starting salary will vary depending on permissible, non-discriminatory factors including but not limited to qualifications, skills, and experience. Nodal also offers a wide range of benefits and perks for full-time employees, which may include target bonuses.
Pay Transparency Notice: The salary range is based on the D.C. metro area. The successful candidate’s starting salary will vary depending on permissible, non-discriminatory factors including but not limited to qualifications, skills, and experience. Nodal also offers a wide range of benefits and perks for full-time employees, which may include target bonuses.
Benefits
Nodal Employee Benefits and Perks: Nodal offers its employees a wide range of benefits designed to support health, well-being, and work-life balance: https://nodalexchange.pinpointhq.com
Nodal Exchange, LLC does not discriminate on the basis of race, color, religion, sex, gender, sexual orientation, gender identity or expression, pregnancy, parental status, marital status, citizenship, national origin, age, disability, genetic information, military status, veteran status, physical or mental health, hairstyle, or any other characteristic protected by federal, state or local law with respect to recruitment, hiring, training, promotion, or in any other terms and conditions of employment. Nodal Exchange is an E-verify participant.
Applicants for this position must be currently authorized to work in the United States on a full-time basis
About
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the largest set of electric power locational (nodal) futures and options contracts and the largest set of environmental futures and options contracts in the world. Nodal Exchange currently offers over 1,000 power contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants.
Skills Required
- Bachelor's degree or higher in quantitative finance, economics, statistics, applied mathematics, engineering or comparable area
- 6+ years of experience in quantitative analytical roles (ideally in financial services)
- 3+ years of experience in power markets (power spot market and FTR market analysis), including running power flow models and power grid analysis
- Proficient in a scripting language such as Python or R (at least one required)
- Outstanding quantitative skills
- Strong problem-solving ability
- Strong communications skills
- Previous experience in financial risk management
- Ability to work a hybrid schedule (3 days a week) onsite in Tysons Corner, VA
- Must be currently authorized to work in the United States on a full-time basis
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The Company
What We Do
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American energy markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers a Henry Hub natural gas contract providing cross-margining benefits with participant’s power portfolios. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC. Nodal Exchange is part of the EEX Group.
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