ERCOT Trader
Job Title: ERCOT Power Trader
Location: Houston, TX
Job Overview:
A leading hedge fund is seeking a highly motivated ERCOT Power Trader to join its Houston-based team. This role is ideal for candidates with 2-5 years of hands-on trading experience who are looking to deepen their exposure to the ERCOT market within a data-driven, collaborative environment. The position offers the opportunity to work closely with experienced traders, quantitative researchers, and developers to identify and execute profitable trading strategies across the ERCOT power markets.
Responsibilities:
- Execute power trades within the ERCOT market
- Monitor market conditions, grid fundamentals, and price movements to identify trading opportunities
- Develop and refine trading strategies using both fundamental analysis and quantitative inputs
- Collaborate with quantitative researchers and data teams to enhance models, signals, and forecasting tools
- Manage risk exposure and ensure adherence to internal risk limits and compliance standards
- Analyze transmission congestion, load forecasts, generation outages, and weather impacts on pricing
- Maintain and improve trade tracking, P&L attribution, and performance reporting
- Stay up-to-date on ERCOT market rules, regulatory changes, and structural developments
Qualifications:
- Must have 2-5 years of experience in a power trading seat, within ERCOT
- Strong understanding of ERCOT market structure, including nodal pricing, congestion, and ancillary services
- Demonstrated ability to manage risk and execute trades in a fast-paced environment
- Analytical mindset with strong quantitative and problem-solving skills
- Experience working with data, including Excel; familiarity with Python or other programming languages
- Strong communication skills and ability to collaborate across trading, research, and technology teams
- Bachelor's degree in a quantitative field such as finance, economics, engineering, or mathematics
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