Portfolio Manager, Trading

Key Skills

Analytical and Problem solving, Data Analytics, Data management, Effective communication skills, Julia, MATLAB Programming, Microsoft-Excel, Python Programming, R Programming, SQL, Teamwork

Job Description

What we are looking for

The Portfolio Manager will be a part of the Equilibrium Trading group, with the responsibility of working with Trading and Computational Science personnel developing virtual/physical bidding and financial trading strategies, performing daily trading results and power market dynamics analysis to feed trading strategy development, and managing assets under Equilibrium Energy direction.

What you will do

Outline recommendations for trading strategy of Equilibrium’s portfolio

• Work with the trading group to create and analyze trading strategies across all ISO markets
• Develop the tools and processes needed to effectively manage and trade Equilibrium’s portfolio in the short-term markets
• Research power market dynamics such as powerflow to more accurately predict congestion and system lambda for use in trading strategies and asset optimization software
• Support the creation and execution of hedging strategies for trading and asset management portfolios

Conduct data analysis and research that will affect our short and long-term strategy.

• Research and analyze fundamentals of electricity market supply, demand and grid congestion for daily trading in multiple ISO markets
• Utilize platforms such as Python, Julia, Matlab, R and others to speed up the trading strategy research and results analysis processes
• Data mining and analysis to identify commercial opportunities

Serve as a member of our trading team

• Work as a member of the trading team to execute and evaluate trades for the short-term portfolio
• Occasionally support company resource operation responsibilities including submitting resource specific offers and outages in accordance with ISO rules.
• Develop analytics and presentation materials for use internally and in investor pitches
• Support the development of analytics that inform trading fund reporting

The minimum qualifications you’ll need

• Bachelor’s degree in Engineering, Mathematics, Economics or a related quantitative discipline.
• 3 years of experience in the energy markets in an analytical or trading role, ideally with nodal market experience.
• Knowledge of US Electricity markets and power systems with direct experience with at least one ISO market
• Ability to occasionally work evening/weekend hours and be on-call according to a defined schedule.
• Proficiency with Excel, SQL and/or programming languages such as Python, Julia, Matlab and R
• Team-oriented and collaborative
• Must be effective working in a fast-paced team environment, and able to see projects through to completion
• Self-motivated and proactive with the ability to work independently and as part of a group
• Excellent communications, interpersonal, and organizational skills required
• Demonstrates creativity, and independent thought when solving problems
• Good understanding of business processes and data management

Nice to have additional skills

• 5+ years of experience in electricity markets in an analytical or trading role, ideally with nodal market experience.
• Demonstrated success performing analysis of and/or trading virtuals, FTRs and energy futures
• Experience with hedge fund reporting and operations
• Experience in multiple ISO markets
• Knowledge of power plant economics, operations and management preferred

Not sure this is the right role for you?

We are a high growth company with accelerating hiring needs so there’s a great chance we’ll be able to create a custom role for you, now or in the future. All roles, titles and compensation packages are tailored to the applicant, so apply anyways and tell us in your cover letter about your dream role.

What we offer

Equilibrium is composed of deeply knowledgeable industry experts across all our functions, with decades of experience in energy-specific commercial structuring, power systems engineering, machine learning, computational research, operations research, distributed and compute-intensive infrastructure, and modern software & ML engineering. Our experience in the space means we’ve previously built versions of nearly every technical component of our platform. We are now designing them better, and combining them in a holistic and novel way, to achieve global scale and climate impact. We pride ourselves on our deeply empathetic & collaborative culture, honest and direct but respectful communication, and our balanced, flexible, and remote-first work environment.

Employee benefits include:

• Competitive base salary and a comprehensive medical, dental, vision, and 401k package
• Opportunity to own a significant piece of the company via a meaningful equity grant
• Unlimited vacation and flexible work schedule
• Ability to work remotely from anywhere in the United States & Europe, or join one of our regional hubs in Boston, SF Bay Area, or London
• Accelerated professional growth and development opportunities through direct collaboration and mentorship from leading industry expert colleagues across energy and tech