Real Time Trader (NYISO)

Real-Time Trader, East

Regular Full-Time

Jacksonville, FL, US

Onsite

About The Energy Authority

The Energy Authority is a public power-owned, nonprofit corporation with offices in Jacksonville, Florida, and Bellevue (Seattle), Washington. TEA provides public power utilities with access to advanced resources and technology systems so they can respond competitively in the changing energy markets. Through partnership with TEA, utilities benefit from an experienced organization that is singularly focused on deriving the maximum value of their assets from the market.

About the Role

Real-Time traders in Jacksonville negotiate hourly energy transactions at various trading hubs across the Eastern and Western US. We manage a diverse portfolio of power generation assets, including wind from several members. We collaborate with Term traders, portfolio managers, RTO specialist, and analysts to build and deploy risk management strategies. The primary purpose of this position is to execute energy and transmission transactions on behalf of The Energy Authority and its clients to maximize margins in the most effective and efficient manner.

About the TEAm

Successful traders apply strong financial skillsets and commercial instincts to inform sound decision-making in a highly competitive environment. We must monitor and respond quickly to large amounts of dynamic data across various software platforms, so attention to detail and multitasking are important strengths. Collaboration and teamwork are essential to accomplishing our goals, so we work on an open trade floor that is designed to facilitate quick communication and sharing of ideas. Our market is 24/7, which means we work in grouped rotational shifts around the clock to serve the continual need for electric consumption. To balance these non-standard working hours, we also enjoy long stretches of time-off built into our schedules to recharge and devote towards personal interests.

ESSENTIAL DUTIES and RESPONSIBILITIES include the following. Other duties may be assigned.

Shift Schedule

Work on a rotating 12-hour shift to provide trading coverage on a 7/24/365 day basis and be prepared to provide trading support during natural disasters at back up facility and/or team related emergencies

Client Resource Optimization

Coordinates with Clients as to their system needs for purchases and sales

Analyzes energy and transmission alternatives to optimize profits and ensure delivery

Interacts with the market participants to develop, negotiate, and execute opportunistic business transactions that create value for the company

Work with Term trading and RTO team to evaluate market conditions and assist in the development of trading strategies to optimize member resource portfolios

Monitor loads and resource availability against forecast

Market Knowledge-Client, Transmission, Etc

Maintains current knowledge of TEA’s clients resource mix.

Maintains current tagging methodologies and requirements as well as transmission provider’s stated business practices and tariff

Maintains knowledge of the RTO markets

Pro-actively pursues transmission opportunities on behalf of clients and TEA

Identifies and communicates opportunities in the East bilateral markets to TEA’s trading staff

Margin Generation for TEA

Proactively pursues opportunities to generate TEA-backed trading income

Deal Entry Tasks

Accurately records purchase and sale transactions on appropriate blotters or trade tickets and ensures that all necessary transaction details are entered into TEA’s deal capture system

Obtains market discoveries and market clearing prices

Confirms transactions, including total MWh's, transaction price, Point of Receipt or Point of Delivery with counter-parties in order to ensure accuracy

Risk Policy Adherence

Ensure that all relevant aspects including energy price, transmission, counter party contractual and credit limits terms are in compliance with TEA’s and member risk policies (if applicable)

Training

Provide training and support to new traders and support specialists about TEA business practices, processes, and procedures

QUALIFICATIONS

Education and/or Experience

Bachelor's degree from an accredited four-year college or university required; major in a technical- or business-related discipline highly desired; advanced degree is a plus.

Previous experience in the industry and with trade capture system is a plus.

TEA Values

TEA employees share a common sense of purpose. When TEA accomplishes its mission, the result is improved quality of life for the citizens and businesses of the communities our clients serve.

TEA employees exceed the expectations of those they serve, deliver services with the highest standards of fair, honest, and ethical behavior, set the standard for service and expertise in our industry, embody a spirit of collaboration, and embrace TEA’s founding entrepreneurial spirit by seizing opportunities to deliver value.

If you are self-motivated, driven to deliver excellence, and passionate about your career, TEA is the perfect place for you.

It’s YOUR Future. It’s OUR Future.