Education Level: Bachelor's Degree
Shift: Day Job
Employee Status: Regular
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Additional information may be found at www.citi.com.
Citigroup's Houston-based group CEI (Citigroup Energy Inc.) is seeking to hire a Northeast Electricity trader. Areas of focus will include the following:Responsibilities include:
-Trader will be responsible for trading the OTC PJM Zonal market locations such as PSEG, JCPL, BGE, PEPCO, East, DPL etc.-Trader will be responsible for participating in congestion auctions in PJM, NYSIO, and MISO etc.-Trader expected to maintain annual P/L of about $10MM trading P/L trading front 24 months.-Trader will be responsible for market-making and execution related to marketers trying to close customer flow orders and structured deals and long term originated deals that may have an asset pricing component involved.-Trader will be expected to identify fundamental congestion strategies that will be part of the respective region.-As part of a growing business, trader also will be expected to identify growth areas in their particular region in the form of new instruments or products to be traded
Degree in business or equivalent.-At least 5 years experience trading northeast power pools like PJM, NYISO, NEPOOL ,MISO and participating in congestion auctions.-Track record of consistent $5-10MM in annual P/L.-Experience making markets for customer flow business-Ability to define, execute, and manage trading strategies-Experience working with power flow models like Powerworld, Dayzer etc would be a plus.-Must be able to effectively work within a trading desk environment as part of the team with other traders and originators.-Excellent communication skills-Strong organizational skills