Sunday, May 6, 2012

West Power Trader; Houston, TX

Citi is today’s pre-eminent financial services company and was built to create a highly diversified financial services company that could act as one to deliver solutions to clients throughout the world. With the most diverse array of products and the greatest distribution capacity of any financial firm in the world, our employees manage 200 million customer accounts across six continents in more than 100 countries. Citigroup Inc. and its subsidiaries ("Citigroup") are equal opportunity employers M/F/D/V and do not discriminate on the basis of any legally protected status or characteristic. Citi's Houston-based group CEI (Citigroup Energy Inc.) is seeking to hire a Midwest Electricity trader. Areas of focus will include the following: Responsibilities:
  • Trader will be responsible for trading Midwest electricity trading locations in MISO and PJM such as Indiana hub, AD hub, NI hub etc.
  • Trader expected to maintain annual P/L of about $10MM trading P/L trading front 24 months.
  • 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.
  • Trader expected to keep abreast of all relevant market moving information such as regulatory and environmental legislations that may impact the forward price of power.
 RequirementsNecessary skills and experience include the following:
  • Degree in business or related
  • At least 5 years experience trading northeast power pools like PJM, MISO, SOCO etc.
  • 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 Power world, 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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