Sunday, April 29, 2012

East Power Basis and FTR Trader - 12010741; Houston, TX

Office Location / Address:  TX-WILLIAMS TOWER 2800 POST OAK BLVD HOUSTON TX 77056 USA - 27742

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

Requirements-

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                                                                             

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