Senior Vice President, Trading and Algorithm - Battery Storage

Ventus Therapeutics - The Woodlands, TX

Full-time - Executive

Hybrid - The Woodlands, TX

Chemical Manufacturing

About the position

Plus Power recruits outstanding energy industry professionals who are driven to develop, build and operate assets safely and reliably to decarbonize the power markets while growing their careers. Our team looks for data-driven and fact-based mindsets, engaging and collaborative behaviors, and personal growth-focused professionals. In order for the global energy system to make the transition from a carbon-based grid, to a renewable energy grid, large scale energy storage must be introduced into the electricity system to balance intra-hour supply and demand. Energy storage is the enabler of high penetration variable renewable generation like solar and wind. We are looking for a Senior Vice President of Trading & Algorithm to join the Commercial team.

Responsibilities

• Develop and direct the Plus Power Energy Trading function for asset optimization for all Plus Power merchant battery energy storage projects
• Oversee algorithmic trading and software team (product scoping, benchmarks, improvement, etc.)
• Develop and implement processes for optimizing energy revenue in the Day Ahead and Real Time markets in conjunction with Plus Power's algorithmic trading program
• Establish hedge trading positions to optimize risk adjusted revenues in RTO markets
• Provide consultative review of asset hedging transactions prior to execution that considers market and credit risk implications in the decision-making process
• Regularly review market positions to identify risk drivers and recommend strategies for risk mitigation and/or revenue enhancement
• Lead reporting of daily, weekly, monthly, and YTD positions and P&L
• Advise on improvements in modeling forward asset positions for both intrinsic and extrinsic values and greeks
• Lead cross-functional projects relative to system implementations and enhancements, quantitative modeling, and process improvement
• Recruit and develop energy trading personnel to create an industry-leading energy trading function at Plus Power
• Monitor daily market exposures and position reports
• Perform analysis, drafts memos, and present profit and loss results to senior management following significant market events and to address risk mitigation opportunities

Requirements

• Minimum BA/BS in electrical engineering, economics, finance or related field; advanced degree preferred.
• 7+ years in North American electricity and natural gas markets trading roles with progressively increasing levels of responsibility
• 7+ years of experience in trading in the North American natural gas and/or electric industry
• Knowledge of and experience trading DA-RT markets in ERCOT, ISO-NE, PJM, and other RTOs
• Excellent quantitative and analytical skills
• Excellent communication, writing, and presentation skills - with the ability to interface effectively with all levels of management
• Ability to explain complex technical analysis in a simplified manner to the internal management team and/or external parties
• Ability to identify continuous improvement opportunities and takes initiative to drive solutions; works effectively without direct supervision in a fast paced and multitasking environment
• Demonstrated ability to manage multiple projects and create capacity
• Ability to anticipate unique business decisions and situations and respond accordingly
• Experience leading and delivering projects under tight deadlines
• Demonstrated ability to work well in a cross-functional environment with both technical and non-technical team members
• Experience supervising and managing others
• Ability to effectively use Microsoft Office products - Word, Excel, Power Point

Benefits

• Highly competitive total compensation
• Flexible, work from home or hybrid work
• Unlimited vacation
• Flexible remote work
• Educational assistance
• Parental leave
• Highly engaging company culture with opportunities for in-person connection and learning and growth