Senior Associate, Market Optimization & Trading

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

• 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.

• 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.

• 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.

• 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