Short Term Trader Lead

Requisition ID : 20576

Join us in building a better future for Arizona!

SRP is one of the largest public power and water utilities in the U.S. providing electricity to approximately one million customers in the greater metropolitan Phoenix area. Since its founding in 1903, SRP has fostered a culture of stewardship and customer service consistently ranking as an industry leader in customer service according to J.D. Power and named one of Arizona's best employers by Forbes. SRP continues to adapt to its changing business environment by seeking innovative ways to reimagine utility service and the provision of critical resources essential to the life and economy of Arizona.

Why Work at SRP

At SRP, we foster an inclusive work environment and believe everyone should have a fair chance to work, regardless of who they are. That’s why we value teams with diverse perspectives, experiences, and backgrounds to help SRP deliver on its mission of providing reliable, affordable and sustainable water and power.

SRP's success is rooted in our employees' happiness, health, and safety. That's why we offer a comprehensive benefits package to meet the needs of our employees and enhance their well-being. In addition to competitive pay and performance incentives, eligible employees can take advantage of the following benefits:

- Pension Plan (at no cost to the employee)

- 401(k) plan with employer matching

- Available your first day: Medical, vision, dental, and life insurance

- Over 200+ hours of PTO (includes vacation days, holidays, floating holidays, and sick leave)

- Parental leave (up to 4 weeks) and adoption assistance

- Wellness programs (including access to a recreation and fitness facility)

- Short and long-term disability plans

- Tuition assistance for both undergraduate and graduate programs

- 10 Employee Resource Groups for career development, community service, and networking

Summary

The Short-Term Trading Lead provides technical and functional leadership for SRP's Short-term Trading team. The role requires broad knowledge of Western energy markets, power trading and scheduling, analytical tools, and SRP's generation portfolio and transmission infrastructure.

Through SPP Markets+ go-live, the Lead will guide development and implementation of the strategies, workflows, controls, forecasts, bidding tools, and processes required for market participation. The position serves as the team’s primary point of contact for locational marginal price (LMP), load, and Variable Energy Resource (VER) forecasting and related decision-support tools and processes.

Following go-live, the Lead will maintain and improve these capabilities while serving as a lead trader and scheduler. In coordination with other desk Leads, the position will oversee daily submissions, portfolio risk, and strategy; direct traders and schedulers; and provide backup across core desk functions. This is a technical lead role without direct supervisory authority.

What You'll Do

- Provide technical and functional leadership to the Short-Term Trading team as markets, resources, technologies, and business requirements evolve.

- Lead Short-term Trading's SPP Markets+ readiness through go-live, including future-state strategies, workflows, controls, testing, training, and operational implementation.

- Serve as the team's business lead for LMP, load, and VER forecasting; bidding and optimization tools; and related analytical and decision-support capabilities.

- Partner with trading, scheduling, market strategy, operations planning, technology, vendors, and other stakeholders to define requirements, implement solutions, resolve issues, and continuously improve tools and processes.

- Lead and review daily market submissions, ensuring accuracy, alignment with approved strategy, and compliance with reliability, credit, trading, and risk parameters.

- Evaluate portfolio risks and develop strategies related to natural gas positioning, generation outages and return to service, virtual bidding, transmission congestion, and other market exposures.

- Provide direction to traders and schedulers by executing approved strategies and act within delegated authority when appropriate.

- Serve as a technical escalation point for complex trading, scheduling, market, analytical, operational, and risk issues.

- Operate as a lead trader and scheduler, provide desk coverage, and trade within authorized limits.

- Ensure the accuracy of the next-day generation plan and retail load forecast and guide resource commitment, fuel, transmission, outage, and scheduling decisions.

- Negotiate wholesale purchases, sales, exchanges, displacement transactions, and approved arbitrage opportunities consistent with reliability, credit, and risk requirements.

- Ensure accurate daily profit-and-loss analysis and develop data, models, metrics, and analyses that improve forecasts, strategies, and market performance.

- Lead training, cross-training, operating-procedure development, and knowledge sharing for traders and Generation Pre-Schedulers.

- Represent SRP in applicable stakeholder and industry forums, collaborate across internal and external organizations, provide on-call support, and perform other duties as assigned.

Education

A bachelor's degree relevant to the assignment from an accredited institution is preferred.
## Experience

Minimum 7 years of relevant experience required. In lieu of a degree, 11 years of relevant experience or an equivalent combination of education and experience totaling 11 years may be considered.

Additional Requirements and Qualifications

- Ability to work a flexible schedule, including weekends, SRP and NERC recognized holidays, extended hours, and on-call support as needed to meet operational requirements, support market activities, and respond to unforeseen events or special operating conditions.

- Travel to SRP field and office locations in the Phoenix metro area, as well as to conferences and other business-related events, may be required based on business and operational needs.

- Bachelor's degree in mathematics, finance, business, economics, engineering, data analytics, energy management, or a related field preferred.

- Excellent negotiation, communication, customer service, analytical, and decision-making skills.

- Knowledge of Western wholesale electricity markets, power trading and scheduling, generation and transmission systems, power-system operations, and organized market concepts is preferred.

- Knowledge of SRP's generation facilities, contracts, fuel arrangements, participation agreements, and operating agreements, or the demonstrated ability to acquire that knowledge.

- Ability to meet firm market schedules, submission requirements, and reporting deadlines in a fast-paced operational environment.

- Ability to negotiate transaction prices, quantities, terms, and exchange ratios with external counterparties.

- Ability to use trading, scheduling, forecasting, market-submission, analytical, accounting, and e-Tagging systems and evaluate new forecasting, bidding, optimization, and decision-support tools.

- Ability to forecast and evaluate load, renewable production, natural gas consumption, market prices, and portfolio conditions and use that information to improve commercial performance while maintaining reliability.

- Ability to translate business needs into practical requirements, workflows, processes, and controls; investigate complex issues in depth; and lead cross-functional work through influence.

- Ability to work effectively with SRP groups, market operators, vendors, consultants, counterparties, agencies, and other utilities.

Hybrid Workplace

SRP currently offers a hybrid workplace, which allows employees whose jobs can be performed remotely, and who have sufficient technical capability, to telework up to three days per week. Although teleworking is available, all employees must live and work in Arizona.

Drug/Alcohol Policy Statement

To promote the safety and well-being of our employees, customers, and the communities we serve, SRP is committed to maintaining a drug/alcohol free work environment. Although marijuana may now be legal in Arizona, except as otherwise specified under Arizona law, SRP considers it to be an illegal drug for the purpose of our drug/alcohol policy because marijuana remains illegal at the federal level. Any candidate found to be impaired during the hiring process or who has the presence of an illegal drug or unauthorized substance in their system during the pre-employment drug/alcohol test may be disqualified from further consideration in the hiring process.

Equal Opportunity Employer Statement

Salt River Project (SRP) is committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, disability, genetic information, military status, or any other protected status under applicable federal, state or local law.

Work Authorization

All candidates must be legally authorized to work in the United States.
Currently, SRP does not sponsor H1B visas, OPT, or other employment-related visa's.