Short-Term Trader, Senior | Resource Operations & Trading

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Date: Dec 19, 2024

Location: PHOENIX, AZ, US, 85004-3903

Company: APS

Our present and future success depends on the creative and dedicated people of our company who demonstrate the principles outlined in the APS Promise: Design for Tomorrow, Empower Each Other and Succeed Together.

Summary

Short-Term Trader, Senior | Resource Operations & Trading

Are you a strategic thinker with expertise in energy markets and a passion for maximizing profitability? Join our team as a Senior Short-Term Trader and play a critical role in optimizing APS’s power generation and trading activities. This position offers an exciting opportunity to lead trading strategies, ensure system reliability, and contribute to the financial success of our organization.

What your day would be like:

You are responsible for:

• Operational Leadership: Solely determine which APS power plants will operate or remain offline to ensure the reliability and economic efficiency of the APS electrical system for upcoming days or weekends.

• Strategic Market Engagement: Develop and execute marketing strategies for negotiating power sales and purchases lasting up to two months to maximize APS’s bottom-line profit.

• Market Presence: Build and maintain a strong personal and company presence within the power markets across the western United States, ensuring high levels of credibility and visibility.

• Team Oversight: Coordinate and oversee the daily activities of the Short-Term Trading team to ensure alignment with strategic goals.

  The kinds of people we want to talk to have done many of the following:

• Energy Trading Expertise: Strong understanding of power market operations, energy trading strategies, and the dynamics of the western U.S. energy markets.

• Decision-Making Skills: Ability to make critical, time-sensitive decisions to optimize power generation and trading outcomes.

• Leadership Abilities: Experience in guiding and coordinating trading teams, with a focus on collaboration and achieving shared objectives.

• Analytical Proficiency: Exceptional skills in analyzing market trends and economic conditions to inform trading strategies.

• Strong Communication: Proven ability to build and maintain relationships with market participants and stakeholders while effectively conveying strategies and decisions.

  Take the lead in driving profitable energy trading strategies and ensuring system reliability. Apply now to become a Senior Short-Term Trader with APS!

Minimum Requirements

Short-Term Trader, Senior | Resource Operations & Trading

• BS/BA degree in business, economics, engineering, or related field

• AND seven (7) years related experience, or an equivalent combination of education and experience.

• Qualified on all day ahead and short-term activities within one (1) year of hire, as well as M&T University or previously qualified with equivalent experience.

• College level algebra.

• Advanced knowledge of APS contracts concerning economy interchange, unit commitment, wheeling, wholesale, and purchase power.

• Advanced understanding system economics and commitment of generating units, of the functional and economic characteristics of APS power resources and interconnected system, and of production costing software and modeling.

• Proven negotiating skills.

Major Accountabilities

1) Collaborate with management to ensure all compliance process/procedures are effective and current with respect to ongoing changes to systems and technology.

2) Continually project system load requirements and commit most economical APS resources to meet customer requirements. Analyzes daily system operations and takes necessary follow-up actions to resolve problems.

3) Own the safe, reliable, and compliant culture of the day ahead and short-term resource plan. Utilize our APS tools including the Human Performance tools, Corrective Action Program (CAP), and anchor work practices that ensure accurate and timely communication. When checklists are used for tasks - verify correct use and completion.

4) Lead by example in all aspects of the work environment including safe and compliant work practices, technical proficiency, respectful behavior, positive morale, training of others, team harmony and effective communication. Own the logs and ensure they reflect what occurred and what decisions were made on the shift.

5) Remain proficient in all the skills necessary to operate any of the positions for day ahead and short-term trading. Share acquired skills with teammates to promote an environment of continual learning. Communicate to management the need for additional support and/or training when circumstances or skill sets warrant.

6) Represent APS and Resource Management in a professional manner. Demonstrate the ability to interact with other business units, and other companies in a respectful and positive manner.

7) Coordinate activities to ensure the most economical sources are supplying APS load and to ensure firm contracts, maximization of interchange, and both day ahead and short-term and resale energy opportunities.

8) Analyze day ahead and short-term market conditions to negotiate and purchase most economical energy source for APS system.

9) Negotiate sales of excess resources to other utilities and marketers on a day ahead and short-term basis.

10) Personally develop and implement specific marketing strategies to negotiate sales and purchases to maximize APS' customer benefit.

11) Ensure interconnected system and associated power pool operating agreements, criteria and guidelines are met.

12) Provide complete and accurate documentation of all transactions, commitments, counterparty and Balancing Authority communications and events relating to the generation and marketing of APS energy resources. Ensures timely and accurate communications flow.

13) Coordinate optimum gas supply strategy program which maximizes supply at the most cost effective level.

14) Negotiate with power plant management on requests for unanticipated repairs so that outage schedules meet power plant imposed constraints with minimum adverse impact on company's fuel and purchase power costs.

15) Act as operating agent for various jointly-owned power plants and switchyards to maintain accurate scheduling and control.

16) Oversee daily activities of the Short Term Traders to include driving the communication and coordination of the day ahead and short-term activity, vision, and process improvement necessary to provide actionable expectations of the adjacent teams.

17) Manage day ahead and short term portfolio of network and point-to-point transmission rights.

Export Compliance / EEO Statement

This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.

Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.

For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA). Arizona Public Service is a smoke free workplace.

Hybrid Role:

Employees in hybrid roles will work both in their home offices and alongside their colleagues at an APS facility or other work location for meaningful in person engagement.

As of January 2025, hybrid-role employees will be asked to work about 40% of their time in person at an APS or other (non-home office) location.

*Employees in Hybrid roles are required to reside in Arizona (or NM for Four Corners-based employees). Role types are subject to change based on business need.