Altop Energy
Summary
The PJM FTR Trader will actively manage the buying and selling of Financial Transmission Rights (FTRs) within the PJM market. This role is responsible for developing and executing congestion-based trading strategies, optimizing portfolio value, driving consistent P&L performance, managing risk, and ensuring compliance with PJM market rules and regulatory standards.
Duties & Responsibilities Monitor and analyze PJM congestion dynamics, transmission constraints, outages, and market rule changes Develop and execute PJM FTR trading strategies across annual, long-term, and monthly auctions Construct and manage an FTR portfolio, including position sizing, hedging, and risk management Execute trades and submit bids/offers using PJM auction platforms and internal trading systems Actively manage risk exposure, including position limits, VaR, scenario analysis, and stress testing Maintain detailed P&L attribution, auction performance analysis, and portfolio reporting Collaborate closely with physical power, virtual trading, risk, credit, and operations teams Build and maintain strong relationships with counterparties and market participants Provide mentorship and guidance to junior traders and analysts; contribute to continuous improvement of trading processes
Required Qualifications Bachelors degree in Finance, Economics, Engineering, Mathematics, or a related field 5+ years of direct PJM FTR trading experience Strong understanding of PJM market structure, congestion, LMP mechanics, and auction processes Proven ability to generate consistent, risk-adjusted P&L Strong quantitative and analytical skills
Duties & Responsibilities Monitor and analyze PJM congestion dynamics, transmission constraints, outages, and market rule changes Develop and execute PJM FTR trading strategies across annual, long-term, and monthly auctions Construct and manage an FTR portfolio, including position sizing, hedging, and risk management Execute trades and submit bids/offers using PJM auction platforms and internal trading systems Actively manage risk exposure, including position limits, VaR, scenario analysis, and stress testing Maintain detailed P&L attribution, auction performance analysis, and portfolio reporting Collaborate closely with physical power, virtual trading, risk, credit, and operations teams Build and maintain strong relationships with counterparties and market participants Provide mentorship and guidance to junior traders and analysts; contribute to continuous improvement of trading processes
Required Qualifications Bachelors degree in Finance, Economics, Engineering, Mathematics, or a related field 5+ years of direct PJM FTR trading experience Strong understanding of PJM market structure, congestion, LMP mechanics, and auction processes Proven ability to generate consistent, risk-adjusted P&L Strong quantitative and analytical skills