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Fixed Income & Commodities Cash Power Trader
Finance & Investment Industry Company
Purchase, NY, United States
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Company is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Company can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Company is a market leader in the Commodities sector. Since 1982, Company Commodities has been trading physical commodities providing intermediation for clients who need to transfer, transform or acquire commodity price risk. Headquartered in Westchester, New York, MS Commodities has 300+ dedicated front office employees, from 30+ different nationalities covering markets 24 hours per day. Working closely with our colleagues across Company, we offer efficient access to capital to help clients protect and grow their businesses and to take advantage of market opportunities.
North American Power and Gas
North American Power and Gas (NAPG) trades physical and financial power and gas in United States and Canada. NAPG creates and manages structured transactions in duration of one to twenty plus years. NAPG manages resources and provides load-following services, buys and sells tolls and other risk management needs for municipals, commercial and industrial load, load aggregators, independent power producers and renewable generation developers.
Job Description:
The successful candidate would be working within the ERCOT Electricity trading team reporting to Head of ERCOT desk. The candidate would need to develop deep understanding of market structure, fundamentals, and client flows within the electricity markets with specific focus on ERCOT and broader focus on other electricity regions and fuels such as Natural Gas and Coal. The candidate would need to learn and develop tools such as pricing sheets, daily fundamental sheets etc. The candidate would work closely with the trading team including managing risk, executing trades and coming up with ideas to minimize risk while maximizing profitability. The candidate would work closely with sales and origination team to facilitate client business and specific tasks will include:
• Be the product specialist in ERCOT power on all issues related to delivery, transmission, congestion and settlement
• Work with sales and origination team, including visiting clients, pricing trades, market making, communicating market information etc.
• Work with regulatory group to stay up to date on rule and market design changes
• Work with desk head to improve infrastructure, risk management and market knowledge
• Act as a backup in absence of desk head and other team members
• Manage risk in trading books including estimating pnl and running end of day PnL process
• Work with middle office and back office on PnL and trade reconciliation
• Work with IT in improving processes and systems
• Represent Company at industry events
Skills
Required:
• Excellent analytical and quantitative skills
• Strong research and communication skills
• Strong interest in the commodities space (particularly energy commodities)
• Must be an excellent team player and good multitasker
• Base capabilities navigating big organizations and coordinating with diverse groups of individuals
Desired:
• 2-3 years relevant work experience in a relatively quantitative role macroeconomic financial markets.
• Commodities knowledge or expertise
Educational Requirements:
• Bachelors Degree or equivalent with a minimum 2:1 degree classification or equivalent. : Preferably in Mathematics, Engineering, Computer Science, Mathematical Economics.