Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals.
We are looking for a Head of Trading & Risk Management to lead the trading activities and P&L management for our growing book of operating assets.
Key Responsibilities
* Direct and lead the Plus Power Trading team in pursuit of financial optimization for all Plus Power battery energy storage projects within an ISO
* Develop and improve processes for (a) load and price forecasting, (b) optimizing energy revenue in the Day Ahead and Real Time markets, and (c) and improving tools & platforms used by the team
* Manage established hedge trading positions, including settlements, credit support, and P&L monitoring;
* Regularly evaluate hedging strategies for the projects and portfolio
* Provide consultative review of ISO asset contracting opportunities to ensure any long-term agreements align with market and asset strategy
* Regularly review market portfolios to identify risk elements; develop recommend strategies for risk mitigation and/or revenue enhancement
* Lead reporting of daily, weekly, monthly, and YTD positions and P&L
* Lead market entry for any new market trading operations including SPP and PJM
* Manage existing market counterparties and arrangements (ERCOT QSE and ISONE Lead Market Participant).
* Retain and develop energy trading personnel to create an industry-leading energy trading function at Plus Power
* Monitor & automatically report daily market exposures and positions
* Perform analysis, drafts memos, and present profit and loss results to senior management
