Northeast Power Trader

Finance · Houston, United States

Job description

Location: Houston/ NY/ Miami

About Roscommon Analytics:

Roscommon Analytics LLC is a fast-growing business using technology and analytics expertise to generate profits in the energy commodity markets, with a focus on power and natural gas. Since our inception in November 2016 Roscommon has a single, “brand-name” institution as its financial partner.  The firm has grown to over 90 employees with offices around the globe.

The firm commenced operating in the US Power and Congestion markets with its first trades in the Financial Transmission Rights market in April 2017. Growing that base in 2018 with the addition of Power basis trading on ICE and Nodal exchanges.  The firm’s initial international expansion into the Australian power markets brought geographic diversity while positioning for future market changes anticipated in the Australian congestion markets.

2020 brought entry to the US Natural Gas and Weather markets complementing our core power and basis strategies.  Beaufort Energy LLP was created in 2021 marking our entry to the European Markets enabling us to capitalize on global energy trading opportunities.  Quickly following in 2022 Beaufort expanded adding offices in Berlin & Zug.  Roscommon Nordic Energy AB was also founded in 2022 headquartered in Stockholm with a focus on Nordic power markets.

In US markets the major 2022 growth initiative was a Joint Venture in Spearmint Energy focused on renewable energy markets, developing utility scale batteries, and leveraging Roscommon’s deep understanding of the Global Power Markets.  This venture is growing rapidly with our first utility scale battery (150 MW) coming online in Crane County, Texas in late 2023 and over 1 GW in the development pipeline.  Our international expansion continues with the creation of PRIZM a quantitative trading platform that will initially focus on European markets and to later be leveraged globally.

Position Overview:

The Power Team is looking to grow their ERCOT and CAISO trading business and extend their coverage throughout the Northeast with a focus on PJM, NYISO, NEPOOL, MISO, and NEISO. The ideal candidate will be an experienced risk taker with a demonstrable profitable trading track record with a critical mass P/L (+5-10M annual average a year). 

Required qualifications:

  • 5-7 Years of Trading Experience managing a power portfolio
  • ISO experience and knowledge of fundamental grid
  • Must be able to build out their own modelling and infrastructure
  • Bachelor's degree in economics, finance, engineering, business administration or other quantitative field.