Consulting Energy Trader

Puget Sound Energy is looking to grow our community with top talented individuals like you!  With our rapidly growing, award winning energy efficiency programs, our pathway to an exciting and innovative future is now.

PSE's Energy Supply Merchant team is looking for qualified candidates to fill an open Consulting Energy Trader position!

Specific details regarding the work arrangements for this position will be discussed in further detail during the interview process.

Job Description

As part of the Day Ahead Power Trading Team, the candidate will be an energy trading subject matter expert that leads, trains and mentors other energy traders. Manages and directs physical and financial wholesale energy transactions that drive business growth and manage risk. Manages a highly complex and diverse portfolio of power, natural gas, transmission, and environmental instruments, ensuring alignment with approved mandates and risk management policies. Utilizes highly advanced trading methods such as hedging solutions, non-standard physical/financial products, futures, options and swaps to achieve growth objectives while managing risk.

Leads the collaboration with cross-functional teams, including trading, plant operations, Energy Risk Control, Planning, Regulatory affairs, Analytics, and Legal, to develop and maintain a deep understanding of market trends, regulatory requirements, and business opportunities. Works independently to drive revenue and mitigate costs through innovative trading strategies and risk management practices.

Upholds the safety compliance standards inherent in PSE’s operating and/or field procedures related to work responsibilities. Promotes and supports a culture of total safety.

Demonstrates commitment to conduct business honestly, ethically and consistent with our core values and Code of Conduct.  Ensures duties are performed in accordance with all regulatory compliance obligations.
 

Job Responsibilities

• Acts as a subject matter expert and assists with training and mentoring other energy traders.
• Makes recommendations on the appropriate risk approach to ensure that trading strategies align with PSE's risk policy.
• Illustrates and communicates forward fundamental factors driving portfolio risk. For example, hydro fundamentals through all stages of a water year or natural gas storage and production levels.
• Proactively works across functions to improve organizational processes and business systems to meet group goals.
• Identifies opportunities and recommends risk mitigation strategies based on current and changing market conditions.
• Maintains a continuous assessment of positions, risk, in response to changing operating conditions and contractual obligations.
• Collaborates with other teams in analyzing complex transactions to ensure that risks and benefits are identified and managed.
• Effectively communicates opportunities, market fundamentals, and trends to management.
• Responsible for executing wholesale energy transactions to meet cost effective load obligations and to maximize the value of generation and other assets to minimize overall costs.
• Ensures compliance with all applicable FERC orders, NERC, WECC, and other applicable reliability standards, and transmission tariffs and business practices.
• Develops and executes of dispatch strategies of available generation and resources for optimization of PSE’s portfolio of assets including coordination of outages and availability of assets.
• Collaborates with origination to review asset acquisitions.
• Maintains up to date knowledge of market developments and supply/demand fundamentals.
• Maintains an accurate position report.
• Develops and maintains relationships with market participants.
• Coordinates, tracks and reports on the status and performance of assigned portfolios.
• Possess working knowledge of enabling agreements including WSPP, ISDA, and NAESB.
• Performs other duties as assigned.

Minimum Qualifications

• Bachelor’s degree in business, finance, economics, mathematics, or related field or equivalent combination of education and experience.
• At least eight (8) years of experience with advanced knowledge of power and gas positions, including risk management concepts, hedging solutions, and non-standard physical/financial products.
• Knowledge of energy risk management.
• Ability to handle multiple tasks in high pressure situations with uncertainty, ambiguity, and competing deadlines.
• Highly quantitative with the ability to do financial modeling with thorough analysis.
• Requires independent judgment using analysis of a variety of factors.
• Ability to multi-task and work autonomously in a stressful,