Nodal Trader

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Nodal Trader

Job Title: Nodal Trader
Contract Type: Permanent
Location: USA
Reference: NJ25
Contact Name: Neil Jethwa
Contact Email:
Job Published: June 22, 2016 09:23

Job Description

Our client is seeking qualified individuals interested in a career in financial trading of electric power in nodal markets.

Key Responsibilities:

  • Develop the virtual trading of supply and demand based on fundamentals such as weather patterns, load, unit outages and transmission outages
  • Assist with improving the current risk metrics to be as accurate as possible
  • Develop the power flow simulator based analysis program
  • Improve the performance of the current point-to-point daily training programme in terms of both profitability and volume
  • Assess and report of the effectiveness of risk measurement and management
  • Assist with the Congestion Revenue Right trading, both monthly and long-term
  • Independently run a profitable trading book, net of all the relevant seat costs, within 6 months after the start of trading

Key Requirements:

  • An advanced degree in Electrical Engineering or Financial Engineering, Finance, Mathematical and Computational Finance, Economics or other similar quantitative discipline
  • Programming experience in either VBA, C#, Matlab, Mathematica, SQL, R, Python
  • Ability to work as part of a team, as well as independently with multiple projects under tight deadlines
  • Experience with power flow simulation in PowerWord or similar tools

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