Senior Physical Operations Specialist – Stamford, US
About the Role
This is a full-time, exciting opportunity to join our Physical Operations Team at a Senior Analyst level, based in our Stamford office. The Specialist will primarily manage processes related to power, renewable and environmental transactions. Scheduling renewable and environmental transactions while completing and analyzing monthly settlements and Load deals. This role will involve daily collateral management, daily P&L, calculation, and position allocation/management for multiple businesses. Additionally, the Specialist will engage in daily reconciliations and the development of internal projects aimed at optimizing existing controls. This key role offers direct exposure to the trading desks, risk department, IT, accounting, and other internal stakeholders.
This will be a full-time role, reporting directly to the Head of Physical Operations, and owning the following responsibilities:
Completing weekly and monthly settlements of ISO, Physical Gas & environmental trading activities. Maintaining strong knowledge and expertise of ISO rules.
Entering and validating ISO & Environmental trades, ensuring they are properly captured in ETRM system. Managing collateral requirements for multiple ISOs.
Verifying daily P&L and reserves, ensuring accuracy and working with Middle Office & Risk to resolve any discrepancies.
Providing explanation and main drivers of P&L from the positions and risks taken by the desk.
Scheduling Recs & carbon allowances in the various registries throughout the US.
Working closely with traders to participate in RGGI and Carbon auctions.
Interacting directly with traders, providing analysis of their flows including, but not limited to; market behavior, system conditions, cost analysis and pricing information.
Developing metrics and tools to perform data analysis for the Load business.
Reviewing complex Structure and Load Deals & translating contract terms into a settlement process.
Coordinating with RTO/ISO’s to validate and resolve any discrepancies in settlement invoices.
Verifying all settlements, ensuring charges/credits are in accordance with ISO/RTO rules.
Preparing position reports for multiple businesses, specifically within the North American physical and financial Power, Gas, Environmental markets.
Performing daily reconciliations of trades and positions.
Reconciling internal systems versus external counterparties.
Liaising with different internal stakeholders (market risk, ALM, operations, finance, IT, business managers), serving as the main reference point for several aspects related to these businesses.
Proactively engaging in internal projects to enhance processes and controls.
Ensuring that processes are continually reviewed and improved, risks are managed, and results meet expectations.
About You
This Specialist will be a self-starting individual, willing and able to work independently in a dynamic organization that, at times, involves meeting tight deadlines with high expectations In addition, this person will have good interpersonal and teamwork skills in order to successfully build strong working relationships across functions.
The following experiences and skills are essential for application:
A minimum of 4-5 years’ experience within a commodities trading environment, specifically in Physical North America Power, Gas & Environmental.
Expertise in two or more of the RTOs/ISO: PJM, MISO, CAISO, NYISO, SPP, ERCOT, NYISO.
Detailed understanding of Physical Power, Gas and Environmental transactions and financial derivatives (futures and options).
Experienced with scheduling renewables in PJM GATS or any of the other US registries.
Experienced with scheduling in RGGI or CITTS.
Knowledge of some or all exchanges: CME, ICE, NODAL, and NGX.
Proficiency in Excel.
In addition, the following are not required, but highly preferrable for this role:
Other programming skills, such as VBA, Python and SQL.
Familiarity with Bloomberg, Morningstar and SAP.
Excellent attention to detail.
What we offer
Competitive compensation and participation in Engelhart’s discretionary bonus plan.
20 days of annual holiday entitlement, excluding US public holidays.
Robust benefits package such as Medical, Dental, Vision, Life insurance, 401(k) match, and supplemental benefits partially subsidized by the Company.
Eligibility to receive external and internal training in accordance with our Training & Development Policy.