Energy Trading Analyst II

Location:

White Plains, US

Summary

Provides comprehensive services that support NYPA’s underlying mission of delivering clean, reliable power to its customers. This includes the complete energy value chain of forecasting needs, trading, origination, fuel purchasing and energy management. Includes supporting technical analysis, compliance, and billing and settlement activities. Manages and operates the forecasting function which uses state-of-the-art methodologies for load forecasting challenges. Performs functions and activities related to energy trading and marketing.

Support the functions and activities related to energy trading including but not limited to fuel procurement & logistics, short-term trading, long-term trading, real time trading, bidding, forecasting, marketing and settlements. Analyzes current, historical, and projected volumes to determine trends and market outlook. Performs supply and demand analysis of one or more commodities in support of the trading function. Also manages all Long-Term customer sales, and revenue forecasting for various internal stakeholders throughout the enterprise.#LI-VB1

Responsibilities

• Analyze and help develop trading strategies for each NYPA portfolio as well as any associated market issues effecting overall NYPA trading and forecasting requirements

• Research, develop & support messages to NYPA's stakeholders (external & internal clients) by showcasing research analysis data to support thesis on portfolio strategies, risks, energy market events, financial impacts, cost-savings, cost-estimating, arbitrage opportunities, and other business critical decisions.

• Develop PowerPoint Slides, Scatter Plot Analysis, Box and Whisker Charts, Line/Bar Graphs, Tableau Dashboards, Power BI and Excel Macros based on critical information relevant to ERM business line.

• Perform independent regression analysis, normal distribution analysis, monte carlo simulations, and other financial-modeling methods to determine probabilistic energy forecasting.

• Research & analyze proposed changes to NYISO Procedures, Manuals and Technical Bulletins and discuss with Traders changes and any necessary implementation actions.

• Summarize Trader responses and work with the Market Issues Group to formally respond to the NYISO any issues affecting bidding and settlement rules.

• Stay current with NYISO procedures, market issues and reports.

• Develop risk strategies to mitigate the volatility in the energy, capacity, and natural gas markets as well as emission products in keeping with the defined risk tolerances

• Assemble real time market analysis relative to portfolio risk and utilize available instruments to implement risk mitigation strategies

• Support NYPA’s annual/monthly LFRP (Long Range Financial Plan) & COS (Cost of Service) process & deliver required generation dispatch, load forecasts, revenue forecast, capacity forecasts

• Review & report past transaction performance metrics, variances and KPIs as they relate to NYPA’s portfolios & targets

• Provide support to all internal/external stakeholders for all Market transaction & forecasting related matters, inquiries, and analytics; this includes, Accounting, Financial Planning, Enterprise Risk, Demand Response, Pricing, NYISO, FERC, NERC, NPCC, IOUs, etc

Knowledge, Skills and Abilities

• Knowledge of Wholesale Electricity Market, Fuel Markets and/or associated Financial products.

• Strong business, statistical, financial and reasoning skills

• Advanced analytical and communication skills

• General knowledge of accounting practices

• Strong understanding of the economic impact of decisions within the position’s scope of authority.

• Skilled at adapting, multitasking and performing under pressure

• Able to work independently with minimal daily supervision

• Ability to apply Statistical Analysis and Financial Modeling on relevant data sets

• Knowledge of corporate strategies and goals, market rules and regulations, risk management protocols, and trade life cycle.

• Ability to propose strategies to react to a changing marketplace

• Preferred experience of SAP, Allegro, Ascend, Tableau, Power BI & GE-MAPS

• Preferred experience in database programming and querying using SQL, MS Access, VBA, SAS, Oracle or other.

Education, Experience and Certifications

• Bachelor's degree in Business Analytics, Economics, Finance, Accounting, Mathematics, Computer Science, Statistics or related discipline required.

• Minimum of 4 years of related experience in an analytical role or equivalent combinations of education & experience.

• Utility or Energy Company experience preferred

Physical Requirements

Military Occupational Specialty Codes

MOS - Army:

MOS - Marines:

MOS - Navy :

The New York Power Authority is committed to providing fair, competitive, and market-informed compensation. The estimated salary range for this position is: $97,720.00 - $134,360.00. The salary offered will be determined based on the successful candidates’ relevant experience, knowledge, skills, and abilities.

The New York Power Authority and Canal Corporation believes that diversity, equity, and inclusion drive our success, and we encourage women, people of color, LGBTQIA+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents and veterans to apply. As an equal opportunity employer, NYPA/Canals is committed to building inclusive, innovative work environments with employees who reflect communities across New York and enthusiastically serve them. We proudly celebrate diversity and do not discriminate based on race/color, creed/religion, national origin, citizenship or immigration status, age, disability, military status, gender/sex, sexual orientation, gender identity/expression, pregnancy and related conditions, familial/marital status, domestic violence victim status, predisposing genetic characteristics, arrest/criminal conviction record or any other category protected by law.

NYPA/Canals will also provide reasonable accommodations during the hiring process related to candidates’ disabilities, pregnancy-related conditions, religious observances/practices and/or domestic violence concerns. To request an accommodation, please email  accessibility@nypa.gov .

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