Job Title: FTR Trader
Location: Remote
Job Type: Full-Time
Department: Power Trading / Energy Markets

About the Role

We are actively seeking a highly skilled and analytical FTR Trader to join our power trading team. This role involves developing and executing profitable strategies in Financial Transmission Rights (FTR)/Congestion Revenue Rights (CRR) markets across North American ISOs. The ideal candidate has a deep understanding of transmission congestion, nodal pricing, and auction-based trading, with a proven ability to generate risk-adjusted returns in competitive electricity markets.

Key Responsibilities

• Strategically participate in FTR/CRR auctions across ISOs including PJM, MISO, ERCOT, SPP, and CAISO.
• Develop and refine congestion models to forecast price differentials and identify profitable transmission paths.
• Analyze transmission outages, load forecasts, generation dispatch, and system topology to inform bidding strategies.
• Collaborate with fundamental and quantitative analysts to build datasets and predictive models.
• Monitor market rule changes, regulatory developments, and auction results to ensure strategy compliance and optimization.
• Maintain and enhance risk management processes for position sizing, exposure limits, and scenario analysis.
• Deliver regular reporting on portfolio performance, market outlooks, and strategy reviews.

Requirements

• Bachelor’s or Master’s degree in Engineering, Applied Mathematics, Economics, Finance, or a related quantitative field.
• 3+ years of direct experience trading FTRs/CRRs or working in ISO markets with strong knowledge of nodal power markets.
• Proficiency in data analysis tools such as Python, R, MATLAB, or SQL.
• Familiarity with ISO auction platforms, market participant systems, and public data feeds.
• Strong understanding of power grid operations, transmission constraints, and congestion dynamics.
• Proven track record of PnL generation and sound risk-adjusted decision-making.

Preferred Qualifications

• Experience in multiple ISO markets (e.g., PJM, MISO, ERCOT, CAISO, SPP).
• Knowledge of portfolio optimization, risk modeling, and hedging practices.
• Exposure to FTR portfolio management tools or proprietary modeling environments.
• Excellent communication and presentation skills for articulating strategy and performance.

What We Offer

• Competitive base salary with performance-based compensation.
• Access to proprietary analytics, market data, and high-performance computing infrastructure.
• Opportunity to work alongside seasoned traders, quants, and data scientists.
• A collaborative, entrepreneurial team culture focused on innovation and results.
• Flexible working environment and potential for remote work.