Trader, East
2 months ago
**WHO WE ARE**
“Energizing the Future.”
TransAlta owns, operates, and develops a diverse fleet of electrical generation assets in Canada, the United States, and Australia, providing municipalities, industries, and businesses with safe, low-cost, and reliable clean electricity.
For over 111 years, TransAlta has been a responsible operator and proud community member where its employees work and live. We are committed to fostering a dynamic, productive, and safe work environment. Our employees contribute to a diverse, open, and transparent culture with clear accountabilities, strong leadership, and challenging opportunities for personal career growth.
**Our Commitment to Equity, Diversity, and Inclusion**
It is our collective mission to ensure that every single employee feels a sense of inclusion and belonging and can show up to work as their true authentic self.
TransAlta is committed to hiring a diverse workforce including women, Indigenous Peoples, persons with disabilities, members of visible minorities, and members of the LGBTQ2+ community. TransAlta believes that diversity enhances the quality of its performance, is an essential element of effective corporate governance, and cultivates a strong workplace culture.
**ABOUT THE ROLE**
TransAlta is actively seeking a Trader to join our team, reporting directly to the Manager of Trading and Mid-Marketing. This role is integral to the success and growth of the East Term desk, where the focus is on generating and executing speculative trading strategies while managing risk. The Trader will be responsible for developing and implementing speculative power, gas, and options strategies in both cash and term markets, with a primary focus on the upcoming 18-month horizon.
Due to the nature of this role, this position is full time in-office and is based out of new head office in Downtown Calgary. This is a unique opportunity to be part of a dynamic team and play a key role in shaping TransAlta’s trading strategy.
**WHAT YOU WILL DO**
- Maintaining a strategic focus on Eastern Power Markets
- Achieving an annual profit and loss target of $2-$5 million
- Managing a Value at Risk (VaR) allocation of up to $1 million
- Conducting analysis for new business lines and structured transactions
- Conducting fundamental research and generating trade ideas in power and gas markets
- Providing backup support for Manager as needed
**WHAT WE NEED FROM YOU**
- Preferred bachelor’s degree in Engineering, Economics, Finance, or Mathematics
- Over 5 years of pertinent market and trading experience
- Profound understanding of Eastern ISO markets, power generation fundamentals, fuels, FTRs/congestion
- Aptitude for rapid information processing and decision-making
- Extensive expertise in modeling commodities derivatives
- Proven capability to articulate strategy, risk assessment, and deal execution to colleagues and leadership
- Demonstrated efficiency in time management for research, analysis, and continuous professional growth
**Additional Requirements**
**WHAT WE OFFER**
We offer our employees comprehensive and flexible benefits, competitive compensation, annual incentives, and a rewards program. To learn more about how we can _energize your future,_ check out our new Employee Experience Booklet.
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