The base salary for this position is dependent upon experience and location.Location: Portland, ORSalary range: $145,590.00 to $181,988.00Job SummaryResponsible for trading ERCOT, PJM and WECC cash and short-term markets. Develop and execute trading, hedging and asset bidding strategies to optimize and/or monetize the corporate asset portfolio. Develop and manage hedging strategies for all assets. Assist Business Development, Origination and Structuring on deal evaluations. Assist the west coast forward trading desk as needed.Key Responsibilities<ul><li>Trade short and medium-term physical and financial power focusing on the ERCOT, PJM, ISONE and WECC.</li></ul><ul><li>Develop and manage bidding/hedging strategies for corporate assets.</li></ul><ul><li>Develop and manage hedging strategies for corporate long term-fixed price contracts and corporate assets.</li></ul><ul><li>Manage Individual Proprietary Trading book.</li></ul><ul><li>Evaluate market conditions to optimize corporate asset book in the short-term and medium-term markets.</li></ul><ul><li>Assist Business Development, Structuring and Origination with deal evaluation</li></ul><ul><li>Lend commercial leadership to the Company's development and origination activities to expand the company's power portfolio.</li></ul><ul><li>Provide leadership to Real Time Desk and support personnel in power trading group.</li></ul><ul><li>Adhere to internal controls.</li></ul>Required Qualifications<ul><li>5+ years of work experience in power trading; including 3 years in the ERCOT/PJM/WECC Markets.</li></ul><ul><li>Ability to model intra-day and next day pricing and load to devise strategies.</li></ul><ul><li>Ability to solve problems and explain the ideas that underlie them.</li></ul><ul><li>Quick learning curve with the ability to receive, process, and transact on information.</li></ul><ul><li>Proven ability to understand market conditions and to identify arbitrage opportunities.</li></ul><ul><li>PC proficiency, especially with Excel, and experience with automated tools to support trading activity.</li></ul><ul><li>Ability to travel as needed for the position.</li></ul>Preferred Qualifications<ul><li>Bachelor’s degree in mathematics, business, finance, economics, or engineering.</li></ul><ul><li>Experience with ERCOT, PJM and WECC markets.</li></ul><ul><li>Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.</li></ul><ul><li>Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.</li></ul><ul><li>Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.</li></ul><ul><li>Ability to efficiently manage multiple, concurrent, time sensitive projects and priorities.</li></ul><ul><li>Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.</li></ul>Competencies<ul><li>Growth &amp; Continuous Improvement</li></ul><ul><li>Initiative &amp; Change</li></ul><ul><li>Focused on Results</li></ul><ul><li>Customer Centric (internal and/or external)</li></ul><ul><li>Communication</li></ul><ul><li>Collaboration</li></ul><ul><li>Leadership (people managers/leaders)</li></ul>DisclaimerAVANGRID is committed to a diverse and inclusive workplace. AVANGRID is an equal opportunity employer and does not discriminate based on an individual’s sex, gender, gender identification, gender expression, race, color, religion, national origin, age, ancestry, genetic information, medical condition, physical or mental disability, marital status, sexual orientation, military or veteran status, or other characteristics or conditions protected by law.Click here for Additional Disclaimer InformationAvangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables#LI-VP1Company:AVANGRID POWER, LLCMobility InformationPlease 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 <a href="mailto:careers@avangrid.com">careers@avangrid.com</a>.Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate functions.  This does not include those that will work for Avangrid Power.Job Posting End Date:September-30-2025

Avangrid is a leading sustainable energy company transitioning America toward a clean and connected future headquartered in Orange, CT, and has a footprint in 24 states with $40 billion in assets. Our primary businesses are Networks, which serves 3.3 million electric and natural gas customers in the Northeast, and Renewables, the third-largest renewable energy company in the U.S. with a diverse onshore and offshore renewable energy portfolio. With more than 7,000 employees, Avangrid has built a culture that blends diversity, equity and inclusion guided by the company&rsquo;s ESG+F framework and the UN Sustainable Development Goals. This has led to recognition by JUST Capital in 2021 and 2022 as one of America&rsquo;s best corporate citizens and second in utilities for our commitment to the environment and the communities we serve. Avangrid has been named one of the World&rsquo;s Most Ethical Companies for four consecutive years by the Ethisphere Institute.

Trader, Market - Ld/Sr

The base salary for this position is dependent upon experience and location.Location: Portland, ORSalary range: $145,590.00 to $181,988.00Job SummaryResponsible for trading ERCOT, PJM and WECC cash and short-term markets. Develop and execute trading, hedging and asset bidding strategies to optimize and/or monetize the corporate asset portfolio. Develop and manage hedging strategies for all assets. Assist Business Development, Origination and Structuring on deal evaluations. Assist the west coast forward trading desk as needed.Key Responsibilities<ul><li>Trade short and medium-term physical and financial power focusing on the ERCOT, PJM, ISONE and WECC.</li></ul><ul><li>Develop and manage bidding/hedging strategies for corporate assets.</li></ul><ul><li>Develop and manage hedging strategies for corporate long term-fixed price contracts and corporate assets.</li></ul><ul><li>Manage Individual Proprietary Trading book.</li></ul><ul><li>Evaluate market conditions to optimize corporate asset book in the short-term and medium-term markets.</li></ul><ul><li>Assist Business Development, Structuring and Origination with deal evaluation</li></ul><ul><li>Lend commercial leadership to the Company's development and origination activities to expand the company's power portfolio.</li></ul><ul><li>Provide leadership to Real Time Desk and support personnel in power trading group.</li></ul><ul><li>Adhere to internal controls.</li></ul>Required Qualifications<ul><li>5+ years of work experience in power trading; including 3 years in the ERCOT/PJM/WECC Markets.</li></ul><ul><li>Ability to model intra-day and next day pricing and load to devise strategies.</li></ul><ul><li>Ability to solve problems and explain the ideas that underlie them.</li></ul><ul><li>Quick learning curve with the ability to receive, process, and transact on information.</li></ul><ul><li>Proven ability to understand market conditions and to identify arbitrage opportunities.</li></ul><ul><li>PC proficiency, especially with Excel, and experience with automated tools to support trading activity.</li></ul><ul><li>Ability to travel as needed for the position.</li></ul>Preferred Qualifications<ul><li>Bachelor’s degree in mathematics, business, finance, economics, or engineering.</li></ul><ul><li>Experience with ERCOT, PJM and WECC markets.</li></ul><ul><li>Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.</li></ul><ul><li>Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.</li></ul><ul><li>Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.</li></ul><ul><li>Ability to efficiently manage multiple, concurrent, time sensitive projects and priorities.</li></ul><ul><li>Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.</li></ul>Competencies<ul><li>Growth &amp; Continuous Improvement</li></ul><ul><li>Initiative &amp; Change</li></ul><ul><li>Focused on Results</li></ul><ul><li>Customer Centric (internal and/or external)</li></ul><ul><li>Communication</li></ul><ul><li>Collaboration</li></ul><ul><li>Leadership (people managers/leaders)</li></ul>DisclaimerAVANGRID is committed to a diverse and inclusive workplace. AVANGRID is an equal opportunity employer and does not discriminate based on an individual’s sex, gender, gender identification, gender expression, race, color, religion, national origin, age, ancestry, genetic information, medical condition, physical or mental disability, marital status, sexual orientation, military or veteran status, or other characteristics or conditions protected by law.Click here for Additional Disclaimer InformationAvangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables#LI-VP1Company:AVANGRID POWER, LLCMobility InformationPlease 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 <a href="mailto:careers@avangrid.com">careers@avangrid.com</a>.Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within Avangrid Network and Corporate functions. &nbsp;This does not include those that will work for Avangrid Power.Job Posting End Date:September-30-2025

Trader, Market - Ld/Sr

About the Job

About the Company

Iberdrola

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