ERCOT Trader

• Business Units: MTT - Proprietary Trading

Company Description

Statkraft has been making clean energy possible for over a century. That's what we offer. 125 years of unrivalled expertise in supplying the world with what it needs most. Because in the fight against climate change, we don't see renewable energy as part of the solution – we believe it must be the solution. With us, you'll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

But there's more work to be done – that's why we need you to join us!

Job Description

Statkraft trades energy products in more than 20 countries and is active on 13 energy exchanges. Proprietary trading takes place mainly from trading rooms in Oslo, Düsseldorf, London and the United States. Statkraft trades power, natural gas, carbon certificates, dry bulk products, metals, oil and petroleum products in the global markets.

The Proprietary Trading department at Statkraft is known for its innovative and data-driven approach, and our team members are expected to have strong analytical and problem-solving skills, as well as a passion for renewable energy. Collaboration is a key part of the culture in Trading and employees work closely with other teams within the company. Working in Proprietary trading at Statkraft offers the opportunity to be part of a dynamic and growing company that is at the forefront of the energy transition, while gaining valuable experience in the fast-paced and exciting world of energy trading.

We are seeking an experienced ERCOT trader with a proven track record. You will be analytically minded and a subject matter expert within the ERCOT market and work well in a collaborative, team environment.

This will be a full-time position based in Stamford, Connecticut, reporting into the Head of Power & Gas. You will support the growth of our business whilst owning the following responsibilities:

• Market Analysis : Conduct thorough analysis of the ERCOT market, including supply and demand forecasts, price trends, and market fundamentals.
• Trading Execution : Execute trades in the real-time and day-ahead markets, optimizing portfolios to maximize profitability while managing risks.
• Risk Management : Identify, assess, and mitigate trading risks. Ensure adherence to risk management policies and procedures.
• Strategy Development : Develop and implement trading strategies based on market analysis and forecasts. Continuously improve strategies to adapt to market changes.
• Collaboration : Work closely with other members of the team to ensure aligned strategies and compliance. Communicate market insights and trading performance to senior management.
• Technology Utilization : Utilize trading platforms, analytical tools, and software to support trading activities. Stay updated on technological advancements in the market.
• Continuous Improvement : Monitor market developments and industry trends.

Qualifications

• University degree in Mathematics, Economics, Science or similar
• Proven track record in fundamental analysis of the Power markets
• Strong analytical and quantitative skills.
• Proficiency in trading platforms and analytical tools.
• Excellent understanding of ERCOT market rules and regulations.
• Ability to make quick decisions under pressure.
• Strong communication and interpersonal skills.
• Detail-oriented with strong organizational skills.
• Coding skills (Python) is a plus

Additional Information

What we offer

A career with Statkraft is a career filled with purpose – meaning that every employee is not just making a living, they are making a real difference to the planet, our communities and the future. With us, you’ll shape a career that is truly forward-facing with many amazing opportunities and offerings to match.

This includes:

• Unlimited learning opportunities at various levels of the organisation
• The chance to grow your career alongside a truly global network of experts, leaders, specialists and graduates from different countries and backgrounds.
• The opportunity to work somewhere with pride, and to be able to honestly say “My work is contributing to saving the planet”.
• Being part of a company proudly certified as a ‘Great Place to Work’.

Statkraft offers competitive terms of employment and benefits schemes, and we’re a trusted employer that puts the safety of our people first. We believe that a safe and healthy working environment is a matter of choice, not chance.

Statkraft manages critical infrastructure and services in several countries. The applicant must be eligible for security clearance and authorisation.