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Calgary AB Permanent Posted by: TransAlta Posted: Friday, 31 July 2020
 
 
Applicants must be eligible to work in the specified location

Powering Possibilities …for Today & Tomorrow!

A leader in sustainable energy, TransAlta has over 100 years of experience generating power and is one of Canada's top 50 Socially Responsible Companies since 2009, recognized as a global leader for sustainability and corporate responsibility standards. TransAlta operates 75 facilities in three countries; Australia, Canada, and United States.

TransAlta is committed to fostering a dynamic, productive and safe work environment. Our employees contribute to a diverse, open, and transparent culture with clear accountability, strong leadership and challenging opportunities for personal career growth.

Summary:

The West Term Structurer position is responsible for modeling, pricing, and analytics within our West Term Trading Team. The role will report to the Manager, West Trading. They will work closely with our Term Trading and Analyst teams to build and maintain pricing models and strategies that complement our West Trading business. The candidate will require fundamental and technical knowledge of all our markets including CAISO, MidC, SPP, and ERCOT.

Accountabilities:

  • Developing, refinement and execution of pricing models and strategies that enhance the profitability the West Trading team through prompt year.
  • Developing, implementing and maintaining term and hourly forecasting tools.
  • Working collaboratively with other members of the West and Origination Teams to develop competitive, pricing strategies for proprietary and customer focused opportunities.
  • Developing, refining and supporting the execution of a non-linear risk management strategies to enhance the profitability and reduce earnings volatility within the Mid Marketing book.
  • Delivering all day to day tasks associated with volatilities and correlations
  • Providing quantitative analytical modelling support for other trading growth initiatives.

Qualifications and Skills:

  • Advanced degree in Applied Math, or Mathematical Finance;
  • 7- 15 years in power market experience
  • Demonstrated knowledge of physical and financial energy markets, particularly Western US,
  • Demonstrated knowledge of Python, VBA, SQL, MATLAB and ability to create robust analytical models.
  • Understanding of financial risk measures, Options Theory and energy derivatives
  • Understanding of Energy Market Fundamentals, Power Asset Modeling, and Mathematical Modeling techniques
  • Ability to make decision quickly and mitigate risks while ensuring compliance with prescribed parameters
  • Demonstrated knowledge of energy markets, with expert knowledge in Options Markets.
  • Ability to work collaboratively across the Western Energy trading team to meet growth targets, operationalize new commercial initiatives and find efficiencies across the teams while working within risk parameters

Our comprehensive and flexible benefits, competitive compensation, incentive and rewards programs form the foundation of TransAlta's excellent employment proposition.

Come on board!

Our commitment is to attract and retain the best talent. Some positions may require the successful completion of one or more background checks such as criminal, medical, or compliance. If these verifications are needed, they will be indicated on the job posting.


Calgary AB, Canada
Other
TransAlta
TransAlta
JS24486-EN_US
2020-07-31 5:38:53 PM


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