Senior PJM FTR Trader

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🤠 Texas – Remote

🤠 Texas – Remote

⏰ Full Time

🟠 Senior

👻 Ghost score 12%

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Active Power Investments LLC

WebsiteLinkedInAll Job Openings

11 - 50 employees

⚡ Energy

💸 Finance

Energy • Finance

Active Power Investments LLC is a market-participant investment and trading firm focused on North American wholesale power markets. It trades virtual transactions (VTs), participates in Financial Transmission Rights (FTRs) / Congestion Revenue Rights (CRRs) auctions, and trades related energy products such as electric power and natural gas futures and exchange-traded derivatives across ISOs (CAISO, ERCOT, MISO, NYISO, PJM, SPP) and exchanges (ICE, CME). The firm offers investors exposure to these energy-market trading strategies and emphasizes data, technology, and flexible trader-driven book management; it also recruits traders, analysts, and support staff.

📋 Description

• 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

🏖️ Benefits

• Profit-sharing component tied to book performance • Compensation structured to scale with experience and track record • 100% remote work flexibility