Head of Cash Trading, Power Trading

AES Corporation
United States, Texas, Houston
Nov 16, 2024
Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas. AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization. If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation. At AES, we're accelerating the future of energy, together, while transforming customer experience and delivering unique customer products and solutions. We are looking for a team player, not a proprietary trader. This role will lead, establish and deploy portfolio management and trading strategies that enhance the portfolio's margin and lower risk within the cash month. Responsibilities: Holds P&L responsibility for the regional desk's book, which includes a portfolio of renewable and thermal generation, market transactions and long-term client deals, as well as related hedges, with a focus the prompt month Propose, get approval for and execute trading strategies around client transactions and project development and acquisitions that increase variable margin and/or reduce portfolio risk Develops and executes trading strategies that account for energy, shape and basis Understand and explain portfolio value drivers and associated sensitivities, looking at natural gas and options trading for potential proxy hedges Be the product specialist in power on all issues related to delivery, transmission, congestion and settlement Stay current with developments in electricity and fuels markets as well as regulation to improve prediction of forward prices, with a focus on the specific ISOs/RTOs, through interaction with Market Operations and Regulatory teams Work closely with the analytics team to improve price and risk modelling Play an active role in the research and development of analytical tools, trading ideas, as well as adding value to upstream investment decision processes Provide insights that are relevant to the broader objectives of the group across trading, financing, collateral and portfolio management Provide portfolio recommendations based on in-depth financial market analyses. Work across the organization to improve infrastructure, risk management and market knowledge This is not a proprietary trading role at first, however some degree of proprietary trading authority and commensurate P&L responsibility may be authorized and developed in time, under the appropriate risk control functions, depending upon the growth and needs of the overall business Qualifications: Bachelors Degree in engineering, finance, or equivalent Master's degree in finance, commercial management or business is desirable 5+ years of experience in the energy sector in a similar role, with relevant trading experience PJM, ISONE and/or NYISO Renewables experience is a plus, highly desirable if combined wind, solar and energy storage Team player Detail oriented, commercial acumen and analytical skills Excellent written and oral communications skills Commercial agility and organizational skills, able to process complex concepts. AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.