The Manager of CRR FTR Trading is responsible for developing and executing congestion management and hedging strategies across multiple power markets, utilizing analytical models and market insights to optimize portfolio performance and manage risk in a renewable energy company.
Key Responsibilities
Develop, execute, and optimize congestion management strategies through participation in ERCOT, CAISO, and PJM markets.
Analyze congestion patterns and market data to identify trading opportunities in CRR, FTR, and virtual positions.
Manage portfolio exposure to nodal price risk and basis exposure via trading strategies and hedging instruments.
Utilize power flow and production cost modeling software to forecast congestion and simulate transmission constraints.
Conduct market fundamental analysis on transmission topology, load, renewable generation, and outage impacts.
Develop and implement risk management strategies, including portfolio risk limits and optimization techniques.
Ensure compliance with market rules, risk policies, and regulatory requirements related to trading activities.
Collaborate with internal teams to incorporate congestion considerations into project development, siting, and contracting decisions.
Requirements
Bachelor's degree in Engineering, Economics, Finance, or related field.
6-10 years of power market experience, with at least 2 years directly in CRR, FTR, nodal, or virtual trading.
Experience using ERCOT and CAISO CRR auction tools, Dayzer, UPLAN, or similar transmission models.
Prior experience in energy trading, asset optimization, or market analytics required.
Ability to construct power fundamental models for pricing, load, generation, flow, and outages using various methodologies.
Ability to build Quant Lib utilizing stochastic calculus and Option Models for deal valuation.
Deep understanding of ERCOT, CAISO, and PJM market design, CRR FTR auction processes, transmission planning, and nodal pricing.
Dayzer experience is required.
Strong quantitative, analytical, and problem-solving abilities.
Excellent communication skills to translate technical results into commercial strategy.
Proficiency with Excel, PowerPoint, and Power BI.
Familiarity with congestion and risk management strategies for renewable and storage assets.
Highly proficient in developing predictive models using mathematical and statistical methods to identify, analyze, and mitigate energy market risks with an understanding of option valuation and Greeks.
Clearway will not sponsor non-immigrant visas for this position (H-1B, TN, E-3, etc.).
Benefits & Perks
Salary range of $176,000 to $239,000 USD
Hybrid work schedule with in-office collaboration on Tuesdays and Thursdays
Comprehensive health benefits including medical, dental, and vision care
Health Savings Accounts (HSAs) with company contributions
Health Flexible Spending Accounts (FSAs) and dependent daycare FSAs
Commuter benefits
Relocation assistance
401(k) plan with employer match
Life and accident insurance
Fertility programs
Adoption assistance
Generous parental leave
Tuition reimbursement
Benefits for employees in same-sex marriages, civil unions, and domestic partnerships
Ready to Apply?
Join Clearway Energy and make an impact in renewable energy