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Trader East Power

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Reference ID R143861 Updated 07/03/2024
Trading jobs
Texas
Houston
N/A

What’s the role?

You will work with the East trading and origination team to execute Shell Energy Americas overall strategy built around customer business, asset optimization and the speculative trading of Physical/Financial Gas and Power trading and optimization of assets within a geographic region.

The successful candidate will:

  • Trade financial/physical power and gas positions of up to 3 years or longer in the East Power market with delegated VAR, PME and Gas Equivalent limits
  • Participate in activities such as speculative trading, supply and marketing arrangements, product development, asset optimization, model development and risk management activities to preserve value and reduce risk via the use of all traded instrument types available in both OTC and Exchange
  • Must have expert knowledge of the East/PJM gas and power markets, supply/demand fundamentals, operations, regulatory knowledge of the region and price relationships

Accountabilities:

  • Produce profitable trading results meeting or exceeding the annual financial target for the team by trading gas and power and optimizing assets within the portfolio to maximize profit while reducing risk
  • The individual will have a solid understanding of changing supply/demand fundamentals within the East/ region (for example generation/load, LNG export projects, pipeline/transmission infrastructure projects, gas production profiles, generation retirements, and new build generation projects coming into the market)
  • Strong focus on Compliance and adherence to Regulatory governance within the region
  • Developing comprehensive short to medium-term gas trading strategies
  • Deliver individual speculative and aggregate position management generating an annual PnL in spec trading and asset/portfolio optimization value while operating within defined risk, credit, and regulatory parameters
  • Work with traders, marketers and customers in various locations to provide competitive pricing and support
  • Work collaboratively with functional and commercial groups including Origination, Fundamentals, Accounting, Operations, Credit, and Risk Management

What we need from you

  • Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
  • Bachelor’s degree in Economics, Business, Finance, Engineering, Mathematics or similar fields or an equivalent combination of experience and education
  • 3 or more years of experience trading financial and physical natural gas and power in the East/PJM markets in a trading role
  • Expert fundamental knowledge of the East/PJM gas and power market and optimization of assets (i.e. tolls, HRCO’s)
  • Options Trading experience and the ability to understand, trade and manage options
  • Knowledge of fundamental simulation forecasting tools and the manner which these can be used to identify opportunities
  • Strong analytical, problem-solving and communication skills

The base salary range for this position is $134,000 - $200,000 per year. Individual pay will be based on various factors such as relevant work experience, education, certifications, skill level, seniority, and internal equity.

For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave to birthing mothers, and 8 weeks of paid leave for non-birthing parents. Additionally, employees are eligible for disability leave for up to 52 weeks at 100% or 50% of base pay. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html

An innovative place to work

There’s never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you’ll add your talent and imagination to a business with the power to shape the future – whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An inclusive place to work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.

  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
  • We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
  • We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
  • We consider ourselves a flexible employer and want to support you finding the right balance. We encourage you to discuss this with us in your application.

A rewarding place to work

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice.

We’re huge advocates for career development. We’ll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.