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Revised as of Thursday, March 26, 2020 08:48 AM

 

ACES provides a broad suite of energy trading and risk management services. ACES has the following exciting opportunities available.

 

Hourly Energy Trader
Location: Benson, AZ

This position will be responsible for the management of generation and native load requirements of any participating member or client. This position will be accountable for generation and load scheduling, demand side management, transmission purchases, energy transactions, market interaction, hourly sales of memberís generation or contract resources and purchasing as required. 

 

REQUIRED QUALIFICATIONS

  • Bachelorís degree in business or a related field or an Associateís degree with applicable power trading experience from an institution accredited by an accrediting agency recognized by the US Department of Education.  

  • Previous business experience preferred to include price negotiation, data analysis and customer service. 

  • Demonstrated proficiency in computers, specifically Microsoft Excel. 

  • Competence with mathematics and technical concepts. 

  • High degree of analytical, attention to detail and organization skills. 

  • Effective written and oral communication skills as well as computer skills. 

  • Application and use of critical thinking skills. 

Portfolio Performance Analyst
Location: Carmel, IN

The Portfolio Analytics team has a significant quantity of organized data, both client specific data and general market data, which the Portfolio Performance Analyst adds insight and meaning to through their work. The Analyst will be responsible for providing analysis and insight into actual economic performance of client portfolios to the Traders, other internal teams, as well as external clients through regular reporting and ad hoc analysis. The Portfolio Performance Analyst will interface frequently with the Traders, creating a feedback loop to aid in decision-making. The Analyst will have the opportunity to be innovative with their work, by creating new performance metrics, new methods of analysis and new data tools in an effort to provide both internal and external clients further insight into the data and data trends. The Analyst will be responsible for collaborating with Information Delivery when new data needs arise, including leading the solution design process, and will regularly work with Information Delivery to ensure data is accurate and up to date.

 

REQUIRED QUALIFICATIONS

  • Bachelorís Degree in Economics, Statistics, Mathematics, Engineering, Accounting, Finance, Computer Science or appropriate discipline

  • 2+ years of ISO/RTO or relevant industry experience

  • Knowledge of PJM and MISO RTO settlements preferred

  • Working knowledge of statistics and their application to creative problem solving

  • Familiarity with data practices including database structure, reading and writing SQL queries, and reporting from multiple systems

  • Programming experience in VBA, R and/or Python preferred

  • Strong ability to work with teams and coordinate contributions of others to achieve results

  • Demonstrated knowledge and understanding of buying and selling commodities (e.g. natural gas, electricity) and related products (e.g. capacity, emissions, ancillary services), including transactions involving multiple control areas and transmission or transportation service

  • A proactive individual with the ability to identify, prioritize and solve multiple problems in a timely and effective manner

  • Ability to understand, assimilate, and communicate information effectively in both an oral and written manner

  • Ability to interface and manage requests and projects involving various ACES departments, including Traders, Portfolio Strategy, Portfolio Modeling, Information Technology, Settlements, Regulatory and other departments

  • Competence in using Microsoft Excel, Word, and PowerPoint and familiarity with ACES systems

Manager of Cyber Security
Location: Carmel, IN

This position will be responsible for the design, prototype, build, test, implementation, compliance, and administration of all corporate logical security solutions.  This position will also track and understand current and emerging technologies and lead the deployment effort of new technologies.  This role will work with a talented team of network administrators and compliance staff to ensure the safety of our electronic assets consistent with established security policies, procedures, and requirements. This position must adhere to, administer, and maintain NIST/ISSP, SOC1, and NERC CIP compliant IT practices and procedures. This role will need to have a solid understanding of the commodities trading business. 

 

REQUIRED QUALIFICATIONS

  • Candidate should possess a degree in Computer Science or related degree, Masters preferred

  • Four or more years of project or people management experience

  • Security certifications desired such as CISA, CISSP, CISM, CQA and CRISC

  • Experience with business continuity, disaster recovery, and incidence response planning and administration

  • Solid understanding of NIST/ISSP and NERC CIP standards

  • Information system architecture and physical and logical security controls experience, including:

    • Firewalls and routers
    • Encryption
    • Multifactor authentication
    • Log and Monitoring Management
    • Configuration Change Management
    • Intrusion detection and prevention systems
    • Operating systems (e.g., Windows, Linux, Unix)
    • Remote access systems
    • Applications
    • Databases (e.g., SQL, Oracle, DB2)
    • Vulnerability and Patch Management
  • Ability to develop and execute short and long term plans

  • Effective written communication, oral communication and presentation skills

  • Strong organization skills and exceptional technical writing skills

  • Strong attention to detail and exceptional customer service skills

  • Ability to troubleshoot issues and resolve problems quickly

  • Working knowledge of ACES fundamental operations

IT Compliance Specialist
Location: Carmel, IN

This position is responsible for initiating and tracking IT compliance related activities, including but not limited to SOC 1, ISSP, and NERC CIP.  This position will perform various reconciliations and checks as part of established activities designed to achieve and maintain compliance.  Additionally, this position will coordinate with other groups to collect, analyze, and report on activities designed and implemented to achieve compliance objectives. This position must adhere to, administer, and maintain ISSP, SOC 1, and NERC CIP compliant IT practices and procedures. 

REQUIRED QUALIFICATIONS

  • Bachelor of Science in Computer Science, Technology or related degree preferred

  • IT audit experience preferred

  • Understanding of ISSP and NERC CIP standards

  • General understanding of Information Security, Networks, and SCADA

  • Understanding of physical and logical security controls

  • Understanding of Service Organizational Control Reports (SOC 1)

  • Effective written and oral communication skills

  • Strong organization skills and writing skills

  • Strong attention to detail and exceptional customer service skills

  • Ability to maintain confidentiality

  • Works independently with minimal supervision

TO READ FULL JOB DESCRIPTIONS & APPLY:
https://www.acespower.com/join-our-team/

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SaltHill Group is searching for qualified candidates to fill several open positions with our clients including global energy companies, oil & gas majors, hedge funds, I-Banks, IPPs, proprietary trading firms, utilities, retail energy providers, and market research firms.  We work with companies nationwide.  Sample open positions include:

  • FTR/CRR Traders, Position #1

  • PJM FTR Trader, Position #2

  • Renewable Energy Credits (RECs) and Power Supply Trader, Position #3

  • Lead Real-Time ERCOT Power Trader, Position #4

  • Junior East (MISO, PJM) Congestion Trader, Position #5

  • Lead Transmission Analyst (Generation Focus), Position #6

  • PJM/East Power Trading Strategist (Term Focus, Position #7

  • Power Trading Analyst (Congestion Focus), Position #8

  • Director of Government Relations, Position #9

  • Credit Risk Analyst, Position #10

  • Senior Power Accountant, Position #11

For information on these open positions, please contact chynes@salthillgroup.com by e-mail and visit our website www.salthillgroup.com/candidates/opportunities/.

Salthill Group
191 North Wacker Drive, Suite 2300
Chicago, Illinois 60606
chynes@salthillgroup.com

Phone 312-422-1392  

 

Position #1: FTR/CRR Traders Ė CaISO, ERCOT, MISO, NY, NE, Ontario, PJM or SPP Focus

Position trades in monthly, quarterly and annual auctions.  Required: advanced degree (PhD or masterís required, power engineering preferred), strong fundamental market knowledge, strong modeling and programming skills (power system economics, power flow and dispatch models), and prior profitable trading record trading FTRs/CRRs in a hedging or speculative trading environment.

 

Position #2: PJM FTR Trader

Position is newly created position and identifies FTR congestion trading opportunities in PJM on a proprietary/speculative basis using fundamental analysis and market knowledge. Responsibilities include building and running optimal power flow models; extracting and analyzing market data; understanding energy market rules, system planning and expansion studies, and power system operations in PJM; and collaborating with other traders and other internal stakeholders. Required: Masterís degree in Electrical Engineering (required) or PhD (preferred); PnL track record with the PJM congestion trading markets (FTRs) is required; Experience in PJM transmission planning/modeling in an ISO, utility, IPP, renewable developer or consulting firm; Experience using optimal power flow models such as PowerWorld, ProMod, GE Maps, PSS/E, UPLAN, DAYZER or similar modeling tools; Excellent MS Access, MS Excel, and Visual Basic skills (required); Knowledge of statistics strongly desired; Excellent written and verbal communication skills.

 

Position #3: Renewable Energy Credits (RECs) and Power Supply Trader

Position manages REC and power purchases for a renewable supply portfolio and undertakes weather derivative hedging.  Key responsibilities include: Purchasing and manage RECs for retail supply portfolio via bilateral trades or through the broker market; Monitoring Renewable Portfolio Standards across a multi-state region; Filing compliance and regulatory reports; Monitoring electricity supply position in multiple power zones across PJM, NYISO, ISO-NE, MISO and ERCOT; Purchasing blocks of energy from credit provider out 12 months; Managing weather derivative hedging for summer/winter to protect against extreme weather/price scenarios; and Managing the scheduling with ISOs. Required: a bachelor's degree; strong working knowledge of the physical and financial power and renewable markets; 5+years of prior professional experience in REC trading, retail supply trading or in a power commercial role; ISO market experience with PJM, NYISO, ISO-NE, MISO or ERCOT; ability to communicate complex trading transactions; ability to communicate with company executives on issues and processes; and advanced technology skills including Excel/VBA/SQL are a plus.

 

Position #4: Lead Real-Time ERCOT Power Trader

Position focuses primarily on the ERCOT market and is integral to building a new power group from the ground floor. The trading focus will be dealing in the Next-Hour through Next-Day markets and exporting/importing power between ERCOT and Mexico and CaISO and Mexico at the tie-links (bilateral, spread and physical trading). The trading team also moves physical megawatts between NW-CAISO, SW-CAISO, etc.  The Lead Trader is responsible for hiring four additional real-time traders in the future, and it does not require shift hours other than back-up for the four direct reports. The existing power team has a strong background in the West/CaISO markets and is looking to add trading expertise in ERCOT. Responsibilities include: trading Next-Hour through Next-Day in ERCOT; managing four Real-Time Traders with shift schedules; providing data on market conditions to the Cash and Term Traders; establishing and building relationships with counterparties; capturing market opportunities based on real-time positions and analysis of market conditions; working with the Schedulers; and purchasing transmission. Required: a bachelorís degree; 5 yearsí experience in Real-Time power trading; experience moving physical flows; market knowledge in ERCOT; established network of customer and industry contacts; and a successful PnL history with an understanding of risk and reward.

 

Position #5: Junior East (MISO, PJM) Congestion Trader

Position reports to the Head of East Trading who has a speculative and customer-focused business that provides hedges to customers. This position is the point-person for nodal activity in MISO and PJM (including ARRs/FTRs) and works with the directional traders. This position is responsible for modeling the grid by running power flow models and doing transmission/congestion analysis for both speculative trading and customer hedges at the node level. Furthermore, it is actively involved with developing a fundamental view, helping identify the risks, identifying targeted pricing at the nodes and developing trade strategies in MISO and PJM. Required: a Masterís degree in Electrical Engineering (power systems focus) with 1-5 yearsí experience in transmission planning, power engineering or congestion analysis at a utility, IPP, power trading firm, power research firm or ISO; expert knowledge in the market rules of MISO, MISO FTRs and ARRs or with PJM, PJM FTRs and ARRs; power fundamental modeling skills; and experience using UPLAN, PowerWorld, Dayzer, PROMOD or PSSE. Advanced technology skills desired for data mining purposes and building trading tools.

 

Position #6: Lead Transmission Analyst (Generation Focus)

Position is responsible for managing the financial and physical transmission congestion risks for a power generation company supporting its FTR team in the PJM and MISO markets. The position uses both data mining and fundamental analysis techniques to support trading decisions in the long-term and monthly FTR auctions, and in Day Ahead and Real Time markets. It also is involved in speculative basis trades in the term and cash markets.  Responsibilities include transmission and congestion research, analysis and forecasting; strategy development in the PJM and MISO FTR auctions; price risk analysis and forecasting; analysis of the electric grid performance in the short- and long-term; production cost, power system and other market simulation modeling for power and FTR trading; and quantitative development of models and trading tools. Required: bachelorís degree in electrical engineering (power systems focus) with 5+ yearsí experience at a utility, IPP, power trading firm, power research firm or ISO as a FTR trader, transmission planning engineer or a congestion analyst with an expertise in the market rules of PJM or MISO (PJM preferred); strong modeling and programming skills; power flow analysis and production cost/dispatch modeling skills using PowerWorld, PSSE, DAYZER, UPLAN,  PROMOD, PSO or PLEXOS, etc.; and programming skills (VBA, Python, R, or C++).

 

Position #7: PJM/East Power Trading Strategist (Term Focus)

Position focuses on the East power markets including PJM, MISO, NYISO, and NE-ISO markets. The role works closely with the power traders and power originators to undertake market analytics for the East power markets and to assist with trade idea generation and vetting as well as supporting hedging activities. Key responsibilities include: Being the SME of fundamental market conditions and drivers that impact the power markets in the East ISO regions with a focus on hubs/zones; Conducting fundamental research (regional supply and demand models) and market modeling (day-ahead out 5 years); Undertaking capacity market fundamentals; Evaluating new market builds and retirements; Tracking federal and ISO market rule changes, infrastructure changes and near-term demand and fuel prices; Identifying market inefficiencies, price opportunities and strategies for the traders and originators; Summarizing themes and strategies of suggested trades versus the overall portfolios and broader power markets; Developing trader tools; and Undertaking ad hoc requests from senior traders. Required: a bachelorís degree in a numerate field (Masterís/MBA degree is a plus); 7-10+ years of professional experience with the North American power markets in a power trading commercial environment; experience with analyzing the Cash and Term power markets; strong modeling skills; an understanding of North American power supply/demand and infrastructure fundamentals; proven ability to build analytical trading tools; and ability to think commercially with strong communication skills. The candidate must have market knowledge in PJM, MISO, NYISO or NE-ISO (ideally more than one market). Experience in other ISOs (ERCOT) is a plus.

 

Position #8: Power Trading Analyst (Congestion Focus)

Position is responsible for performing system studies and market simulations using power flow programs and market modeling platforms, and it focuses on ERCOT/MISO/PJM/SPP and other ISOs in the future. Key responsibilities include: analyzing fundamental congestion drivers (load, generation, transmission projects/retirements and outages etc.) and trends in regional power markets; collecting data from various ISO and power markets resources, database maintenance/updates, development of data-analyzing tools and in-depth data analysis; performing scenario and sensitivity analysis and determine portfolio risks, opportunities and returns; helping the traders to build FTR portfolios by developing and executing FTR trading strategies; managing/monitoring FTR portfolios; tracking market policy and regulatory changes; and participating in stakeholder meetings on issues related to congestion and FTRs. Required: a bachelorís degree in Electrical Engineering or related area (Masters of PhD preferred); experience with dispatch or commitment models and production cost models; experience with security-constrained optimal power flow (SCOPF) modeling is a plus; strong familiarity with programming languages for intensive data processing and database management, e.g. Python, R, SQL etc.; good teamwork and communication skills, willing to share and build tools as a team; and ability to handle pressure and tight deadlines in a trading environment. Consideration will be given to recent graduates who have demonstrated strong technical modeling skills via an internship, PhD papers or other research projects.

 

Position #9: Director of Government Relations

Position communicates and advocates with government agencies, associations, public commissions, political stakeholders and other external parties with regards to energy policies that impact the business. Responsibilities include: developing a communications plan that supports companyís goals; collaborating and communicating with internal stakeholders to develop and implement advocacy strategies; monitoring and evaluating legislative and regulatory activity that have an impact on the business, and making strategy and policy recommendations to leadership accordingly; identifying and building strong relationships with external government stakeholders, trade associations, advocacy groups and commissions to support topic-specific policy issues; ensuring active cooperation with international, federal, state, and local agencies; preparing reports and presentations for company leadership, and serving as a public spokesperson on key issues; preparing and coordinating press releases and Q&A documents; and responding to press inquiries. Required: a bachelor's degree in Finance, Government or Public Affairs, or related field; 10+ years' experience in executing government and/or public relations strategies within the energy industry (experience in energy commodities trading preferred); strong knowledge/experience with energy markets; significant contacts within the government, business and community leaders; knowledge of state and federal legislative and regulatory processes and lobbying regulations; and exceptional written and oral communication skills, including strong public presentation skills.

 

Position #10: Credit Risk Analyst

Position supports power trading activities and responsibilities include: evaluating credit and assessing risk for new and existing counterparties; providing recommendations on the establishment of credit limits; negotiating trading agreements including the contract, collateral and credit terms; monitoring the credit quality of the portfolio by considering industry trends and market information; reviewing structured lending and derivative transactions; building and maintaining collaborative relationships with internal stakeholders; and interacting with the international office in Mexico. Required: a bachelorís degree in Finance or related field; 3-7 yearsí experience in a credit risk role supporting power trading; experience with CaISO and ERCOT markets (preferred but other ISOs will be considered); ability to negotiate master service agreements (NAESB, ISDAs, EEIs); strong communication skills; and fluency in Spanish (a plus).

 

Position #11: Senior Power Accountant

Position supports power trading operations in the ERCOT and CaISO markets. Responsibilities include maintaining the general ledger (reconciliations, journal entries, accruals, etc.); assisting in the preparation of financial statements, forecasts and management reports; performing variance analysis for revenue and expenses; analyzing cash flows; working closely with Settlements on invoicing of counterparties; identifying and implementing process improvements; and interacting with international office in Mexico. Required: a bachelorís degree in Accounting (CPA preferred); 7+ yearsí experience in power corporate accounting; experience with CaISO and ERCOT markets (preferred but other ISOs will be considered); experience with Carbon GHG accounting (a plus); strong Excel skills; experience with Adapt2 (a plus); and fluency in Spanish (a plus).

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