This role requires a Congestion Trader to trade Shell’s Financial Transmission Rights (“FTR”) derivatives and Basis Trading for Midwest Independent System Operator (“MISO”), Pennsylvania Jersey Maryland Transmission Organization (“PJM”), Electric Reliability Council of Texas (“ERCOT”) and various other energy markets. This position will be part of the North American congestion trade team supporting trade book functions, maintaining financial and physical trade positions.
Develop fundamental congestion and bidding/trading strategies by performing Powerflow analysis, conducting research in market fundamentals and managing diversified portfolios.
Perform and develop transmission analyses to identify short and long term congestion risks and opportunities to increase Shell’s power trading business and operations.
Utilize Powerflow and production cost based simulation applications to develop congestion outlooks.
Participate in monthly, annual, and long term FTR auctions in PJM, NYISO, and MISO, and various other energy markets. Conduct Powerflow analyses using technologies like Powerworld. Use of Aurora, Dayzer and PROMOD would be a plus.
Strategically measure and evaluate MISO, PJM, and ERCOT markets for potential growth.
Optimize market bids and congestion hedges and provide basis pricing for MISO, PJM, ERCOT and various other energy markets.
Mentor junior trader(s): Assist to evaluate historical market data, path and portfolio selection and risk management criteria
Bachelor's Degree required preferably in Electrical Engineering, Business Administration, Accounting, Finance or a quantitative analysis field, a Masters degree desired
Minimum of five (5 ) years Trading experience with 4 of those years specifically in Congestion Trading, Electrical Engineering background would be a plus
Preferred experience using PowerWorld or UPLAN Performing quantitative analysis including transmission and congestion analysis to identify risks and opportunities for power market growth
Managing diversified portfolios of FTR products and hedging customer flow business positions;Conducting Powerflow analysis using Powerworld; and Analyzing large sets of data, using statistical software and Excel Pivot tables, to quantify trading risk exposures and support decision-making related to congestion forecasts.
Proficiency with Excel, programming in VBA, JAVA, or SQL
Ability to work independently and prioritize work in a fast paced environment with time critical deadlines.
No. of Positions
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date.
Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Royal Dutch/Shell Group companies around the world.
The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand.
Shell participates in E-Verify.
All qualified applicants will receive consideration for employment without regard to race, color, sex, national origin, age, religion, disability, sexual orientation, gender identity, protected veteran status, citizenship, genetic information or other protected status under federal, state or local laws.
Shell is an Equal Opportunity Employer - Minorities/Females/Veterans/Disability.
Website : http://www.shell.com/
We aim to meet the energy needs of society in ways that are economically, socially and environmentally viable, now and in the future. Learn about our business and people, and how a small shop in London nearly 200 years ago grew to become one of the world’s major energy companies. Royal Dutch Shell was formed in 1907, although our history dates back to the early 19th century. Our headquarters are in The Hague, the Netherlands, and our Chief Executive Officer is Ben van Beurden. The parent company of the Shell group is Royal Dutch Shell plc, which is incorporated in England and Wales. Our strategy seeks to reinforce our position as a leader in the oil and gas industry, while helping to meet global energy demand in a responsible way. Safety and environmental and social responsibility are at the heart of our activities.We believe that oil and gas will remain a vital part of the global energy mix for many decades to come. Our role is to ensure that we extract and deliver these energy resources profitably and in environmentally and socially responsible ways. We seek a high standard of performance, maintaining a strong and growing long-term position in the competitive environments in which we operate. We aim to work closely with our customers, our partners and policymakers to advance a more efficient and sustainable use of energy and natural resources.Our people are central to the delivery of our strategy. Working together on some of the most innovative and exciting energy projects in the world, from the world’s deepest offshore oil and gas field to the largest floating liquefied natural gas production facility, we are making an impact on the future of energy. A diverse workforce and an inclusive work environment are vital to our success, leading to greater innovation and better solutions.