Friday, February 27, 2009

Senior Trader - Level 2

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Description

09-0069 Senior Trader - Level 2

Pepco Holdings, Inc. (PHI) is one of the largest electricity delivery and natural gas companies in the mid-Atlantic region. More than 1.8 million customers in Washington D.C., Delaware, Maryland, New Jersey and Virginia depend on PHI for their electricity and natural gas needs.

We are seeking a Senior Trader to join the staff at our Newark, Delaware location. Senior Trader - Level 2 utilize short-term power trading experience in the evaluation and execution of hourly electricity transactions in the Day Ahead and Real Time markets of the eastern interconnect power grid within the current and prompt months. Demonstrate a high level of trading and fundamental expertise in at least one of the following pools: PJM, MISO, NYISO, ISO-NE, and IESO. Perform detailed fundamental and statistical analysis to optimize trading opportunities. Coordinate with other business units on the trading floor to optimize financial opportunities for the Short-term Power Trading desk as well as the overall company. Maintain trading practices within the Merchant Risk Management guidelines and corporate ethical standards. Conectiv currently operates a 4-day, 40 hour per week rotating schedule with no overnight shift.

Requirements

* Bachelor's degree in Accounting, Business, Marketing, Finance or Engineering OR the equivalent combination of education, training, and/or experience.
* Experience demonstrating skill evaluating and executing short-term power trading (physical and/or financial hourly and/or daily electricity transactions).
* Experience demonstrating skill performing detailed fundamental and statistical analyses (e.g., analyzing LMP, congestion, unit availability).
* Experience demonstrating skill initiating and developing new, creative, and/or innovative trading strategies, opportunities, and/or analysis techniques to optimize power trading transactions.
* Experience demonstrating skill maintaining a power-trading system, to include entering all transactions, submitting schedules and verifying transactions with counterparties.
* Experience demonstrating skill providing daily market intelligence information (e.g., identifying buyers and sellers at various hub locations, recording market prices being transacted, and/or identifying transmission outages/constraints and presenting data to others..
* Experience demonstrating skill developing credible and effective relationships with internal and external parties (e.g., other business units, trading/scheduling counterparties).
* Experience demonstrating skill using OASIS and ISO trading systems to accurately execute and maintain transactions on a timely basis and optimize with NERC operation guidelines and procedures.
* Experience demonstrating advanced skill using PC-based word processing, spreadsheet, Internet and e-mail software (e.g., to create communications, perform statistical/fundamental analysis, visit operational interfaces).
* Ability and willingness to analyze and adapt to multiple and changing market conditions to take advantage of market volatility (for example, monitor computer applications simultaneously, adapt to new rules regarding market activity).
* Ability and willingness to function quickly and accurately in a time constrained environment.
* Ability and willingness to work in a team environment with group performance based rewards.
* Ability and willingness to work varying and rotating shifts (24 hours a day, 7 days a week, 365 days a year), be flexible to schedule changes and work extended hours as required.
* Must successfully pass Criminal History Records Check.

Preferred:

* Detailed knowledge of MISO and/or NYISO transmission and generation grids.
* Experience in FTR analysis and trading in MISO, NYISO, and/or NE-ISO.
* Experience demonstrating skill using PC-based presentation software.
* Experience demonstrating skill leading teams and/or mentoring others.

PHI is an affirmative action, equal opportunity employer with a commitment to diversity.

To submit your resume through our on-line application process, please access the following address: http://www.projectix.com/PHI/jobboard/JobDetails.aspx?__ID=*F1D3E8FCA5799A3B

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