DRW is looking to add a Power Lead to their North America Energy Commercial Operations team to provide day-to-day support to the Energy trading and origination teams with a focus on Power, leveraging data to create market advantages.
Requirements
- 7+ years of experience working in middle office functions supporting physical and financial Power or Natural Gas trading across North America with a minimum of 3+ years in power.
- Firm understanding of power infrastructure, and market dynamics – including ISO operations across all ISOs.
- Firm understanding of risk, valuations and full trade life cycle related to OTC transactions, FTRs, physical power and cross commodity structures.
- Strong Excel skills and ability to work with databases, SQL, APIs, and prior python coding experience are all preferred.
- Ability to navigate and analyze P&L across large amounts of data inclusive of trade count, forward marks, and settlements.
- Firm understanding of financial valuation concepts –MTM, realized vs unrealized P&L, discounting, etc. and the full trade lifecycle for physical and financial trading
- Experience and working knowledge of third party ETRMs, including implementation and maintenance (prefer Endur/OpenLink).
Responsibilities
- Responsible for confirming valuation, position and risk for the NA Power desks for Traders and key stakeholders, which includes detailed PnL analysis, attribution reporting, risk projection, etc.
- Primary point of contact for traders, originators and risk on position management, complex trade bookings, proposed/new trade support, valuation models and ad hoc analysis.
- Proactively become a key user and subject matter expert of the firm’s proprietary systems and applications and 3rd party ETRM for all trading activity for the Power desks. Includes an understanding of reference data, trade bookings, processes and controls to support PnL and risk reporting.
- Interact daily and coordinate with other functional departments on problem resolution and testing and implementation of new trade structures, complex deals, testing of new instruments, etc. to ensure accuracy and completeness of data requirements and supporting processes.
- Support structured origination transactions and recommend booking methodology to ensure proper valuation and risk reporting.
- Work with Quantitative Research team on option models, inputs and valuation/risk results.
- Liaise with technology teams to secure proper support/coverage for ongoing operations and implement enhanced workflows, with a focus on process efficiency, risk reduction, and alignment with DRW standards.
Other
- Lead and mentor commercial trade analysts to develop the team’s overall capabilities.
- Make decisions to delegate tasks and responsibilities to provide accurate and timely support to the desks.
- Prior interaction with front office and senior management teams in an active trading environment a must.
- Demonstrated ability to work independently and quickly solve problems.
- Accuracy and reliability/attention to detail is a must.
