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What You Can Expect
As an Electric Reliability Council of Texas (ERCOT) Trader in Houston, you will report to Head of ERCOT desk and manage ERCOT Price and basis risk.
- Manage ERCOT flat price and basis positions with a term horizon of one year
- Deploy fundamentals-based trading strategies
- Monitor, coordinate and distill ERCOT fundamentals into actionable intelligence
- Work with Origination and sales staff to help price, structure and execute transactions
- Execute quantitative analysis supporting trading strategies
- Develop analytical tools enabling market opportunities
What You'll Bring
- Bachelor's degree in which you completed courses in economics, mathematics or similar discipline
- A minimum of 2 years of ERCOT trading experience
- A minimum of 5 years of relevant experience
- Highly analytical thinker and understanding of probability and risks
- Must enjoy problem solving and creating trading opportunities
- Track record of developing a trading strategy using fundamental analysis
- A working knowledge of power fundamentals including renewables intermittency and battery energy storage
- Clear and effective communicator
- Willingness to engage in dialogue and debate with colleagues
- Can work autonomously and be flexible
- Proficiency in Excel, Structured Query Language (SQL) or Visual Basic for Applications (VBA)
Additional Details
- This role is eligible for our hybrid work policy
- Must be willing and able to comply with ENGIE's policy with respect to COVID vaccination and testing
- Must be willing and able to comply with all ENGIE ethics and safety policies
Compensation
Salary Range: $128,400 - $196,765 USD annually
This represents the average expected pay range for a qualified candidate.
Actual offered salary may depend on geography, experience, industry knowledge, education, internal pay alignment, or other bona fide factors.
ENGIE complies with all federal, state, and local minimum wage laws. Actual salary offered may vary depending on geography, experience, education, internal pay alignment, or other bona fide factors.
In addition to base pay, this position is eligible for a competitive bonus / incentive plan.
Your Talent Acquisition Partner can share more specific information regarding the benefits or the salary for the position based on the work location
At ENGIE, we take your well-being seriously. Our comprehensive benefits package includes options for medical, dental, vision, life insurance, employer-paid short-term and long-term disability insurance, ESPP, generous paid time off including wellness days, holidays and leave programs. We also help you plan for retirement by offering a 401(k) Retirement Savings Plan with a company match. But that's not all - we're dedicated to the health and happiness of your entire family, offering supplemental benefits for full time employees that enhance emotional and physical well-being through all stages of life from family forming to caregiver benefits. Explore our benefits package to see how we can support you. .
Why ENGIE?
ENGIE North America isn't just participating in the Zero-Carbon Transition, we're leading it! Join us as we develop energy that is renewable, efficient, and accessible to everyone.
At ENGIE, our goal is to support, promote, and thrive on diversity, equity, and inclusion. We do so for the benefit of our employees, customers, products and services, and community. ENGIE is proud to be an equal opportunity workplace, and we are firmly committed to creating an equitable and inclusive environment for all employees.
We are committed to providing employees with a work environment free of discrimination and harassment. All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, or other legally protected status.
If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. This email address is reserved for individuals with disabilities in need of assistance and is not a means of inquiry regarding positions or application status.
We value internal mobility and will offer sponsorship for this role to internal candidates only.
The safety of our employees is our number one priority. All employees at ENGIE have both a duty and the authority to STOP WORK if unsafe acts are observed.
At ENGIE, our goal is to support, encourage, promote, and thrive on diversity, equity and inclusion, for the benefit of our employees, customers, products and services, and community. So ENGIE is proud to be an equal opportunity workplace, and is also an affirmative action employer. We are firmly committed to creating an inclusive environment for all employees.
We are committed to providing employees with a work environment free of discrimination and harassment. All employment decisions at ENGIE are based on business needs, job requirements and individual qualifications. The Company is committed to providing equal employment opportunity to all employees and applicants regardless of actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital status, civil union, or domestic partnership status, military service and veteran status, physical or mental disability, protected medical condition, genetic information, or any other legally protected category (referred to as “protected characteristics”) as defined by applicable federal, state or local law in the locations where we operate. If you need assistance with this application or a reasonable accommodation due to a disability, you may contact us at ENGIENA-ENGIEHR@engie.com. Please note: This email is reserved for individuals with disabilities in need of assistance and is not a means of inquiry about positions or application statuses.