Associate Trader

Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas.

AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization.

If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation.

At AES, we're accelerating the future of energy, together, while transforming the customer experience and delivering unique customer products and solutions. We are looking for a Team Lead, Structured Trading on the AES Clean Energy Commercial team. The role will manage capacity positions and basis positions to protect AES from financial risk and create analysis at the business unit and individual staff level. The role will develop, refine, and utilize commercial analytics as needed to execute transactions and develop strategies in collaboration with other commercial functions in Origination, Term Trading, Pricing, Fundamentals, Legal, Settlements, Finance, and Risk Management. Located in Houston, Texas.

This is a fantastic opportunity to work toward a 100% carbon-free energy future, learn the business, gain exposure to workstreams across multiple business units, gain experience in valuation of solar, wind, storage assets and grow with the team leading the energy change.

Main Responsibilities:

• Manage and own merchant capacity positions across PJM, MISO, CAISO, ISO NE, NYISO, SPP

• Analyze basis and congestion markets and help develop risk mitigating strategies to manage risk using FTRs, CRRs, TCCs

• Report financial performance and strategies to senior leadership

• Work with Pricing to value merchant exposures on M&A and development assets

• Deliver model improvements and automation to shorten turnaround times necessary to meet aggressive business growth targets

• Negotiate contracts with 3rd party counterparties

• Be fully trained and compliant to AES and regulatory policies for all products transacted

• Work with ETRM team to ensure adequate booking and representation of signed contracts

• Work with Risk Management team to follow internal processes and guidelines for model validation and risk quantification

• Understand commercial impacts affecting AES CE business, grow their own skills and progress along the career path

• Support commercial strategies with general analysis and research

Qualifications:

• Deep familiarity with US power markets; Capacity and Resource Adequacy markets preferred, other markets a plus

• Detailed understanding of revenue streams associated with renewable assets

• Familiarity with operating aspects of power assets

• Strong quantitative and analytical skills

• Bachelor's Degree in Science, Engineering, Economics, Finance or similar

• Master's Degree in above areas preferred

• 6-10 years of relevant work experience in the energy industry in related functions

• Active deployment of a least one programming language (Python, R, MATLAB, C/C++, VBA) is a plus

• Experience with battery energy storage optimization/analytics is a plus

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.