Virtual Trader

Job Overview

We are seeking an energetic and detail-oriented Virtual Trader to join our dynamic financial team. In this role, you will be responsible for trading in the ISO/RTO electricity markets (e.g., PJM, ERCOT, CAISO, MISO, NYISO, SPP) using virtual transactions. The role involves analyzing supply-and-demand dynamics, transmission constraints, market prices, and regulatory factors to optimize trading strategies without physical asset ownership. This position is highly performance driven.

Key Responsibilities

- Analyze day-ahead and real-time electricity markets

- Trade virtual power positions (e.g., virtual bids/offers)

- Monitor load forecasts, generation availability, outages, and congestion

- Evaluate market fundamentals including fuel prices, weather forecasts, and renewables output

- Identify arbitrage opportunities across nodes, hubs, and time intervals

- Manage risk exposure related to price volatility and congestion

- Track market performance and prepare profit-and-loss (P&L) reports

- Ensure compliance with ISO/RTO market rules and trading limits

- Back-test and refine trading strategies using historical power market data

- Coordinate with analysts, schedulers, or risk teams as required

Required Skills & Qualifications

- Strong understanding of wholesale electricity markets and power economics

- Knowledge of ISO/RTO markets (e.g., PJM, ERCOT, CAISO, MISO, NYISO, SPP)

- Experience with virtual trading concepts (virtual supply/demand, INCs/DECs)

- Proficiency in data analysis and market modeling

- Solid grasp of congestion, locational marginal pricing (LMP), and settlement processes

- Strong analytical, quantitative, and problem-solving skills

- Ability to work independently in a remote or virtual environment

Preferred Qualifications

- Degree in Electrical Engineering, Energy Economics, Finance, or related field

- Experience with power market software and analytics tools

- Familiarity with weather modeling and load forecasting

- Understanding of regulatory frameworks (FERC, NERC standards)

- Programming skills (Python, SQL, R) for market analysis and automation

Tools & Technologies

- ISO/RTO market platforms and bidding interfaces

- Power market analytics software (e.g., Yes Energy, Enverus)

- Weather and load forecasting tools

- Data visualization and reporting tools

Work Environment

- Market-driven schedules (day-ahead and real-time cycles)

- High accountability with performance-based metrics

Job Type: Full-time

Pay: $125,000.00 - $175,000.00 per year

Benefits:

- 401(k)

- 401(k) matching

- AD&D insurance

- Dental insurance

- Employee assistance program

- Flexible spending account

- Health insurance

- Health savings account

- Life insurance

- Paid sick time

- Paid time off

- Vision insurance

Work Location: Hybrid remote in Bismarck, ND 58501