Congestion Trader, East

Calgary, AB
Permanent
Full-time

20 hours ago

Congestion Trader, EastWHO WE AREOur Power, Your PossibilitiesAt TransAlta, we don’t just generate electricity-we generate opportunity. As one of Canada’s largest publicly traded power generators, we’ve been powering communities for over 100 years across Canada, the U.S., and Australia. Our diverse energy portfolio and passionate team are driving the transition to a cleaner, more sustainable future.We believe in the power of purpose, the strength of collaboration, and the value of continuous learning. If you’re ready to make a real impact in a dynamic industry, you bring the energy - we’ll provide the platform.ABOUT THE ROLEWe have an exciting opportunity for a Congestion Trader, East to join our East Trading Desk. Reporting to the Supervisor, East Congestion, the Congestion Trader is responsible for defining and transacting proprietary nodal congestion trading strategies (INC/DECs, UTCs, FTRs, and/or TCCs) in the Eastern US markets (PJM, MISO, NYISO, ISONE, and IESO). This role has an annual profit and loss target of $2 million.This role is based out of our Calgary head office. This is a full-time, office-based role.A DAY IN THE LIFE

Create and execute proprietary nodal congestion trading strategies to deliver on annual budget goals
Carry out fundamental research and analysis in Eastern Markets
Collaborate closely with other traders and analysts to share insights and views
Evaluate the risk profile and expected value of trade opportunities and allocate capital accordingly
Identify and manage portfolio risk associated with congestion trading
Maintain a rigorous knowledge of market rules and regulations
Work with cross-functional teams (Risk, Settlement, and Credit groups) to resolve all trade and financial discrepancies related to congestion trading
Guide and mentor junior personnel in analytic support and strategy generation
Strict adherence to TransAlta’s Trading Compliance Framework

ABOUT YOU

University Degree in Commerce, Engineering, Economics, Mathematics, or Computer Science
Minimum four (4) years of related market and trading experience
Proven track record of generating P&L from trading congestion products in Eastern ISOs
Thorough understanding of market rules and power fundamentals in Eastern ISOs
Strong analytical and quantitative skills
Demonstrated capacity for sound decision making with incomplete information under time constraints
Effective communication skills with internal/external stakeholders
Self-starter with the desire to succeed in a dynamic environment
Proven ability to excel in a collaborative, team-based environment

THE PERKS

Competitive base salary
Annual and long-term incentives based on individual and team performance
Company-matching pension plan
Flexible health benefits for you and your family
Generous vacation and personal days
Learning and development programs
Employee recognition and rewards
Annual wellness allowance

Explore our on our Careers site to see how we support your growth and wellbeingOUR CULTUREAt TransAlta, we’re driven by a Culture of Results, Learning, and Purpose. We prioritize psychological safety, wellbeing, inclusion, and belonging - creating a space where everyone can thrive. We believe that diverse perspectives drive innovation and progress, and we’re committed to building a workplace where you can be your authentic self.Ready to Power Up With Us? Excited about this role but don’t meet every single requirement? We still encourage you to apply. Studies have shown that women and people of color are less likely to apply for a job unless they meet every single qualification. You might just be the candidate we are looking for.WHAT TO EXPECTThe successful candidate may be required to complete background checks appropriate to the role and may include criminal record, education and employment verification or credit checks. ‘Safety sensitive positions’ will be required to complete pre-employment testing.Due to the high volume of applications we receive, only those progressing will be contacted.

TransAlta

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