Employment Opportunities

We are looking for an entry level analyst to join our Trading Team. The analyst will work on building and executing quantitative strategies built upon our simulation models for forecasting prices and outcomes in the wholesale electricity markets. In addition to strategy development and execution, the analyst will work on building and enhancing the models that support price forecasting and developing probabilistic forecasts for the underlying features.

In addition to quantitative strategy development, this individual will provide fundamental analysis, insights, and expertise in electricity markets. In this capacity you will collaborate with senior members of the Virtual and FTR/CRR trading team in the design, development, and maintenance of Fundamental and Quantitative trading analytical tools. This will include performing market analysis to support energy trading opportunities consistent with the internal risk management strategy and providing analytical support and expertise for trading activities. Quantitatively driven research activities may include items such as supply and demand analysis or generating trade strategies and identifying market and pricing trends.

In additional to operating at a very high quantitative level, this role will require developing a deep fundamental understanding of congestion pricing, grid topology and factors that contribute to day-ahead and real-time price formation and congestion patterns (weather, dispatch, load, fuel, outages, transmission, etc.). A successful candidate will be expected to have the ability to develop market simulation frameworks and predictive models as well as monitor and analyze impact of weather forecasts, transmission availability, system conditions, outage schedules and other relevant market information to support the Traders. This role will also require providing ad hoc analyses for the trading desk and provide timely and actionable analysis.

REQUIRED KNOWLEDGE/SKILLS:

• Bachelor's degree in a technical field (math, stats, physics, economics, engineering, etc.)
• Experience with data processing using programming languages and relational databases (R, Python, SQL, etc.)
• Experience managing dynamic workflow and multiple projects
• Proven track record of being able to transform fundamental research into salient, actionable analysis/advice
• Skilled in economic analysis and analytical reasoning
• A natural curiosity about energy markets and the ability to develop forecasts that may be contrary to consensus
• Solid understanding of the exposure created through origination, and trading
• Experience in the power markets is preferred but not required

DESIRED KNOWLEDGE/SKILLS:

• Experience in the Electricity Markets is preferred but not required
• Familiarity with Deep Learning and modern platforms (Pytorch, TensorFlow)

BENEFITS:

• Working in an environment where you will have a great opportunity to learn from veterans in this field.
• Excellent medical, dental, and vision insurance
• 401(k) plan, with a company match up to the annual limit
• A team trading environment

WORKING CONDITIONS:

May require working evenings and/or weekends as needed.
No regular travel required.

Apply Online Show Less »

SESCO is hiring individuals with work/life experiences and/or recent graduates to join its Team as a Fundamental Trader in the wholesale electricity marketplace. The products traded by SESCO are virtual bids and offers, up-to-congestion (spreads), financial transmission rights, and electricity future products in CFTC-regulated futures markets. You will be responsible for working closely with a team of Meteorologists, Power Flow Engineers, and Quantitative Analysts, and other Fundamental Traders to both quantitatively and fundamentally analyze the market drivers, the market opportunity, and the risks associated with the trading activity of your team. You will also be expected to work closely with the Quantitative Analysts and the other members of your Team to develop predictive models and analytical toolsets that will support SESCO and your Team’s fundamental analysis and trade execution.

ESSENTIAL FUNCTIONS:

• To analyze the effects of new generation and transmission projects on transmission congestion and energy prices.
• To analyze the impacts and risks of generation and transmission outages on transmission congestion and energy prices
• To analyze the impacts of the weather on consumer energy consumption (load), generation, and the transmission grid.
• To analyze the opportunities and risks associated with generation fuel pricing.
• To understand power flows and how to use them to assess opportunity and risk.
• To effectively communicate and collaborate with your direct team members and your co-workers, simplifying and explaining complex problems to different audiences.
• A willingness to be extremely detail oriented in reviewing the market fundamentals of the electricity markets and the results of the predictive models and quantitative analysis.
• A willingness to view the trades of your Team as one or more portfolios, rather than individual trades, thus leading toward a risk adjusted set of portfolios
• To incorporate quantitative analysis techniques and machine learning techniques to systematize portions of the data analysis.
• To drive on-going, incremental improvement of our fundamental processes, quantitative analysis, and predictive models.
• To prioritize multiple projects and deliver results in a time sensitive trading room environment.

REQUIRED KNOWLEDGE/SKILLS:

• A Bachelors, Masters or Doctorate degree in Data Science, Economics, Engineering, Finance, Mathematics, Statistics, or similar field.
• A highly motivated individual who is able to maintain a positive attitude.
• A willingness to work with incomplete data and to view that incomplete data as an opportunity, as well as a potential risk.
• An interest in assimilating large datasets and solving complex multi-variable problems.
• Detailed oriented - always striving for a complete understanding of the data and facts that prove a theory or outcome.
• A desire to work with others in a team environment; not as an individual.
• A willingness to constantly improve SESCO’s and your Team’s ability to analyze data by embracing the need for power flow modeling, quantitative analysis, and predictive modeling techniques.
• The ability to prioritize multiple projects and deliver results in a time sensitive trading room environment.
• A humble nature that is willing to admit that you will never have all of the answers and a willingness to thoroughly discuss any differences of opinion with your team members.
• A willingness to pass on your knowledge to your teammates and co-workers, understanding that this transfer of knowledge will always lead to a better work environment, better trading decisions, and ultimately a larger PNL.

BENEFITS:

• Working in an environment where you will have a great opportunity to learn from veterans in this field.
• Excellent medical, dental, and vision insurance
• 401(k) plan, with a company match up to the annual limit
• Relocation package available
• A team trading environment
• On-site gym

WORKING CONDITIONS:

May require working evenings and/or weekends as needed.
No regular travel required.

Apply Online Show Less »

The Software Engineer is responsible for the effective development, configuration, and maintenance of systems (software and environments) related to quantitative analysis and forecasting activities. In this role, the individual will participate in technical research, software development, and operational activities to enable continued innovation for data science.

ESSENTIAL FUNCTIONS:

• Develop and/or configure software related to the data science process
• Develop scripts and data queries
• Repair and drive the identification of root cause for software failures
• Maintain operational, configuration, or other technical documentation
• Ability to Identify and execute best practices and optimizations for data science software and technology

REQUIRED KNOWLEDGE/SKILLS:

• 6-8 years software development or administration experience
• 3-4 years software development experience with java script, NodeJS, and/or python
• Bachelor’s degree in Computer Science or Computer Engineering
• Proficiency with large-scale software design and development process or DevOps
• Proficiency with SQL
• Software Configuration Management (Git, SVN etc.)
• Familiarity with AWS, Docker, and Kubernetes
• Database experience (Oracle, Mongo, Postgres)
• Demonstrated problem-solving aptitude and critical thinking
• Excellent interpersonal skills and teamwork
• Excellent communications skills, with the ability to synthesize, simplify, and explain complex problems to different types of audience.

DESIRED KNOWLEDGE/SKILLS:

• Machine Learning/Data Science or familiarity with concepts and use cases
• Comfort navigating an entrepreneurial environment
• Familiarity with PyTorch or other Machine Learning libraries
• Statistical knowledge

WORKING CONDITIONS:

May require working evenings and/or weekends as needed.
No regular travel required.

Apply Online Show Less »