Trader, Market - Ld/Sr

The base salary for this position is dependent upon experience and location.

Location: Portland, OR

Salary range: $145,590.00 to $181,988.00

Job Summary

Responsible for trading physical and financial electricity and gas, in the medium term and long term Northwest, California, and Palo Verde markets. Develops and executes trading and/or hedging strategies to optimize and/or monetize the corporate portfolio. Analyze fundamental data to create risk-adverse trading strategies designed to capture extrinsic value from the marketplace. Develops and manages hedging strategies for all assets. Assist Business Development, Origination and Structuring on deal evaluations. Assist West Coast Power Cash desk as needed.

Key Responsibilities

• Trade physical and financial power and gas in the medium term and forward markets.

• Develop and manage hedging strategies for corporate assets

• Develop and manage hedging strategies for corporate long term fixed price contracts

• Manage Individual Proprietary Trading book.

• Evaluate market conditions to optimize corporate asset book in the medium term and forward markets.

• Provide leadership to Cash Desk and Support Personnel in Power Trading group.

• Assist Business Development, Structuring and Origination with deal evaluation

• Trade short-term physical and financial power focusing on the Midwest & Northeast.

• Lend commercial leadership to the Company's development and origination activities to expand the company's power portfolio.

• Develop and manage hedging strategies for corporate assets.

• Manage individual proprietary trading book.

• Provides back-up trading support to the NE Power Cash Trading Desk.

• Assist Real Time Desk and support personnel in power trading group.

• Adhere to internal controls.

Required Qualifications

• 5+ years of work experience power trading including 3 years in the West markets.

• Ability to model intra-day and next day pricing and load to devise strategies.

• Familiarity with LIM or other price data warehouse.

• Ability to solve problems and explain the ideas that underlie them.

• Quick learning curve with the ability to receive, process, and transact on information.

• Proven ability to understand market conditions and to identify arbitrage opportunities.

• PC proficiency, especially with Excel, and experience with automated tools to support trading activity.

• Ability to travel as needed for the position.

Preferred Qualifications

• Bachelor's degree in Mathematics, Business, Finance, Economics, or Engineering.

• Experience with PJM & MISO market.

• Ability to navigate and succeed in a highly matrixed reporting structure, preferably at an international company.

• Self-starter with demonstrated performance leading initiatives and building consensus at all levels of a matrixed global organization.

• Ability to work effectively in an environment where consensus between diverse work streams is often required before projects can proceed.

• Ability to efficiently manage multiple, concurrent, timesensitive projects and priorities.

• Effectively provides and receives information orally in individual and group situations. Written expression is clear, concise, and conveys the desired message.

Competencies

• Growth & Continuous Improvement

• Initiative & Change

• Focused on Results

• Customer Centric (internal and/or external)

• Communication

• Collaboration

• Leadership (people managers/leaders)

Disclaimer

AVANGRID is committed to a diverse and inclusive workplace. AVANGRID is an equal opportunity employer and does not discriminate on the basis of 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.

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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 AVANGRD Network and Corporate functions. This does not include those that will work for Avangrid Renewables

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Company:

AVANGRID POWER, LLC

Mobility Information

Please 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 careers@avangrid.com.

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:

June-30-2025