Overnight Trader

Trader, Real Time
Asset Mngt - Trading
Reports to: Director - Real-Time Trading
Location: In Office, Portland OR
The base salary range for this position is dependent upon experience and location, ranging from:

• $Competitive benefits and growth opportunities
• Generous performance-based bonuses
• Comprehensive health, dental, and vision insurance
• Tuition reimbursement
• The role of the Real Time Energy Trader is performed in teams of 3 while working on a 12-hour rotating shift basis. This includes nights, weekends and holidays as the energy market is always operating and in need of operational support.

The role of the Real Time Trader is to perform real-time energy trading and marketing, negotiate wholesale sales and purchases in the hourly markets, coordinate generation operations with dispatch personnel, coordinate transmission reservations, negotiate transmission purchases, schedule energy flow by issuing digital E-tags. Traders are responsible to record deals in a timely manner, maintain a physical position through trading software, communicate with forecasting and reliability dispatch as well as maintain a general level of awareness around the company's generation assets. Develop professional relationships with power marketers and traders.
Negotiate transactions to financially optimize corporate assets including renewable and thermal generation.

• Create NERC E-tags, purchase transmission via OASIS and capture transactions accurately in Avangrid's energy management system.
• Facilitate training of other real time traders.
• Manage unit bids/offers in the Northeastern and Midwestern ISO's to optimize the portfolio.
• Manage asset and proprietary risk through Day-Ahead transactions.
• Trade intra-day financial power OTC in the Northeastern and Midwestern ISO's.
• Provide insight into the short term market and operations to other traders.
• Represent Avangrid Renewables professionally with a diverse group of customers and market participants.
• Interact with plant personnel, traders, and system operators.
• BA/BS degree in mathematics, business, finance, economics, or engineering or the equivalent combination of education and experience.
• Solid understanding of generation & transmission operations.
• WECC, CAISO, and Southwest, ERCOT, MISO, PJM, NYISO, with proven ability to understand market conditions and to identify sales/purchase opportunities.
• PC proficiency and experience with automated tools to support trading activity.
• Understanding of financial modeling, risk assessment, commodity management, electricity and natural gas trading and hedging practices.
• Must be performance driven, self-motivated and proactive with demonstrated communication and interpersonal skills.
• Ability to work rotating shifts of 12 hours which includes night shifts, weekends and holidays.
• Strong Excel experience.
• Familiarity with LIM or other price data warehouse.
• Familiarity with virtual transactions.
• Experience trading at different points within California
• Experience managing physical assets within the WSCC
• Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.
• Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.
• Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.
• Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country.

At Avangrid we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law.
If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our People and Organization department at View email address on click.appcast.io is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate functions. Avangrid employees may also be assigned a NERC Reliability Standards compliance role supporting Critical Infrastructure Protection (CIP) and/or Operations and Planning (O&P) responsibilities. This is applicable to employees that will work in electric transmission, operations, and cyber security business areas in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate business areas. NERC Reliability Standards compliance roles and responsibilities may include additional access protections, training, audit engagement, and required evidence retention, and will be communicated by the employee's management.