Senior PJM FTR Trader

• Develop, execute, and manage a PJM FTR/CRR portfolio across long-term, annual, and monthly auctions, including position sizing, hedging, and rebalancing
• Model transmission congestion, outage schedules, and grid topology to identify and price trading opportunities across the network
• Own risk management for the book, including position limits, scenario/stress testing, mark-to-model versus realized PnL reconciliation, and detailed PnL attribution
• Select and maintain the analytical stack, including data, modelling, and execution tools
• Extend the strategy into adjacent PJM products such as virtuals, up-to-congestion, and day-ahead/real-time spread trades when relevant
• Report position, risk, and performance to firm leadership regularly
• Shape the trading approach and analytical toolkit with a high degree of autonomy

Requirements

• Senior-level experience operating autonomously with full ownership of risk
• Proven experience owning a PJM FTR/CRR book across long-term, annual, and monthly auction cycles, with a demonstrated strong PnL track record and verifiable results
• Deep working knowledge of PJM market rules, auction mechanics, and transmission and congestion dynamics
• Strong quantitative and analytical skills, including the ability to build and validate models
• Experience reporting positions, risk, and performance to firm leadership
• Experience trading FTRs/CRRs or congestion products in other ISOs (MISO, ERCOT, SPP, NYISO)
• Track record in adjacent PJM products virtuals, up-to-congestion, or spread trading
• Programming/data skills (Python, R, SQL) for independent research and backtesting
• Prior experience mentoring junior traders or analysts

Core Competencies

Demonstrates extensive expertise in managing a PJM FTR/CRR portfolio, including risk management, quantitative analysis, and trading strategy development. Proficient in programming and data analysis for model validation and independent research.

Highest-signal resume keywords

• PJM FTR/CRR Portfolio Management
• Risk Management
• Quantitative Analysis
• Programming Skills (Python, R, SQL)
• Experience in Adjacent PJM Products

Hard Skills

• PJM Market Rules
• Auction Mechanics
• Transmission Congestion Dynamics
• Model Building and Validation
• PnL Attribution
• Scenario/Stress Testing
• Position Limits Management
• Data Analysis
• Backtesting
• Performance Reporting

Soft Skills

• Autonomy
• Mentoring

Industry Keywords

• FTRs
• CRRs
• Congestion Products
• ISOs
• MISO
• ERCOT
• SPP
• NYISO
• Virtuals
• Spread Trading

Tools & Technologies

• Analytical Stack
• Execution Tools