FTR Trader

Financial Transmission Rights (FTR) Trader

We are seeking a skilled FTR trader to join our expanding power markets team in California/Bay Area. This role involves actively trading congestion products across several ISO/RTO markets, performing market research, and developing data-driven trading strategies.

You’ll work closely with other traders and analysts to identify opportunities, manage risk, and enhance our existing strategy framework. Collaboration with different trading groups within the firm is encouraged, providing exposure to a wide range of energy market activities.

We’re looking for someone who combines deep knowledge of FTR and congestion markets with curiosity and a hands-on mindset. You should be excited to analyze market dynamics, refine trade ideas, and guide junior members of the desk.

Our culture values people who are humble, sharp, and collaborative -we innovate constantly, whether it’s through new analytical methods, trading ideas, or technology improvements. This position offers the chance to make a direct impact on the firm’s performance from day one.

Requirement:

• Hands-on experience (around 2+ years) in FTR trading, congestion analysis, or comparable power market roles involving ISO/RTO products.

• Solid grasp of market design, grid operations, and transmission dynamics across multiple U.S. power markets.

• Strong technical toolkit - proficient in Python for research and data engineering, comfortable working in Git-based environments for collaborative development.

• Proven record of building, testing, and refining trading strategies through full lifecycle: ideation → modeling → risk assessment → post-trade review.

• Adept with statistical reasoning and quantitative methods; uses probability, regression, and optimization techniques to evaluate risk and discover inefficiencies.

• Exceptionally detail-oriented and disciplined - able to manage simultaneous workflows and deliver consistent results under time pressure.

• Enjoys working with data, exploring new patterns, and maintaining rigorous model validation habits.

• Strong communication skills; able to explain technical findings clearly and coordinate with traders, analysts, and technology teams.

• Self-driven and intellectually curious - thrives in unstructured environments, quick to learn new tools and adapt to changing market conditions.

• Positive teammate who contributes to a collaborative, solution-focused desk culture.