Power Trader

2 months ago


Calgary, Alberta, Canada TransAlta Full time

About the Role

TransAlta is seeking a skilled Power Trader to join our East Term desk, reporting directly to the Manager of Trading and Mid-Marketing. This role is critical to the success and growth of our trading operations, where the focus is on generating and executing speculative trading strategies while managing risk.

The Power 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.

This is a unique opportunity to be part of a dynamic team and play a key role in shaping TransAlta's trading strategy.

Key Responsibilities

  • 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

Requirements

  • 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

What We Offer

We offer our employees comprehensive and flexible benefits, competitive compensation, annual incentives, and a rewards program.


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