What are the responsibilities and job description for the Senior Short Term Trader position at Salt River Project?
Requisition ID: 20554
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.
Benefits
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:
Develop, evaluate, and submit SRP's day-ahead market position to meet retail customer demand, maintain reliability, and maximize the value of SRP's generation, transmission, fuel, and market portfolio. Responsibilities include load forecasting, generation planning, market bidding, transmission and fuel coordination, wholesale transactions, and development of strategies that optimize portfolio performance.
As SRP participates in SPP Markets , the Day-Ahead Trader is responsible for the accuracy, completeness, and timeliness of daily market submissions and for maintaining an accurate position for Real-Time Trading and Generation Dispatch. The position collaborates with internal and external stakeholders to support reliable, economic, and compliant market operations.
What You'll Do
A bachelor's degree relevant to the assignment from an accredited institution is preferred.
Experience
See details under Additional Requirements and Qualifications.
We are targeting Senior Level candidates for this role.
Level I — Associate: In lieu of a degree, 4 years of relevant experience or an equivalent combination of education and experience totaling 4 years may be considered.
Level 2 – Journey: Minimum 2 years of relevant experience required. In lieu of a degree, 6 years of relevant experience or an equivalent combination of education and experience totaling 6 years may be considered.
Level 3 – Senior: Minimum 5 years of relevant experience required. In lieu of a degree, 9 years of relevant experience or an equivalent combination of education and experience totaling 9 years may be considered.
Eligibility for advancement (progression) to the next level in the same role is based on overall job performance, mastery of all functional responsibilities, and time in position, as assessed by the supervisor.
Additional Requirements And Qualifications
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.
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.
Benefits
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
Develop, evaluate, and submit SRP's day-ahead market position to meet retail customer demand, maintain reliability, and maximize the value of SRP's generation, transmission, fuel, and market portfolio. Responsibilities include load forecasting, generation planning, market bidding, transmission and fuel coordination, wholesale transactions, and development of strategies that optimize portfolio performance.
As SRP participates in SPP Markets , the Day-Ahead Trader is responsible for the accuracy, completeness, and timeliness of daily market submissions and for maintaining an accurate position for Real-Time Trading and Generation Dispatch. The position collaborates with internal and external stakeholders to support reliable, economic, and compliant market operations.
What You'll Do
- Develop, review, and submit SRP's day-ahead market position, including bids, offers, self-schedules, flexibility products, and other market submissions.
- Develop load forecasts, generation plans, and resource commitment recommendations that support the reliable and economic operation of SRP's portfolio.
- Incorporate market conditions, fuel costs, Variable Energy Resource (VER) forecasts, operating constraints, reserve requirements, and transmission availability into market strategies.
- Develop bidding and offer strategies for thermal, renewable, hydro, pumped storage, battery storage, and other energy-limited resources.
- Review market awards and communicate risks, obligations, and operating strategies to Real-Time Trading and Generation Dispatch.
- Coordinate natural gas requirements, transmission arrangements, outage schedules, and resource availability with internal and external stakeholders.
- Negotiate wholesale purchases, sales, exchanges, displacement transactions, and approved arbitrage opportunities within established authorities and risk limits.
- Manage transmission utilization, congestion exposure, and market risk across bilateral and organized market structures.
- Support settlement validation, profit-and-loss analysis, and market performance assessments.
- Participate in market testing, process improvements, operating-procedure development, tool enhancements, and training activities.
- Collaborate with Market Operations Strategy, Operations Planning, Real-Time Trading, Gas Trading, Generation Dispatch, and other stakeholders to optimize SRP's portfolio while maintaining reliability.
- Provide desk coverage, including weekends, holidays, and special operating conditions, and perform other duties as assigned.
A bachelor's degree relevant to the assignment from an accredited institution is preferred.
Experience
See details under Additional Requirements and Qualifications.
We are targeting Senior Level candidates for this role.
Level I — Associate: In lieu of a degree, 4 years of relevant experience or an equivalent combination of education and experience totaling 4 years may be considered.
Level 2 – Journey: Minimum 2 years of relevant experience required. In lieu of a degree, 6 years of relevant experience or an equivalent combination of education and experience totaling 6 years may be considered.
Level 3 – Senior: Minimum 5 years of relevant experience required. In lieu of a degree, 9 years of relevant experience or an equivalent combination of education and experience totaling 9 years may be considered.
Eligibility for advancement (progression) to the next level in the same role is based on overall job performance, mastery of all functional responsibilities, and time in position, as assessed by the supervisor.
Additional Requirements And Qualifications
- Experience in power trading, scheduling, generation planning, system operations, market settlements, portfolio management, or related energy market functions.
- Knowledge of wholesale electricity markets, generation operations, transmission systems, and power-system operations.
- Knowledge of organized market concepts, including bidding, offers, locational marginal pricing, congestion management, unit commitment, and day-ahead and real-time market operations.
- Knowledge of SRP generation resources, transmission systems, fuel arrangements, contracts, and operating agreements, or the ability to acquire that knowledge.
- Strong analytical, problem-solving, negotiation, communication, and decision-making skills.
- Ability to forecast load, renewable generation, fuel requirements, market prices, and other portfolio drivers.
- Ability to analyze portfolio and market conditions and develop strategies that support commercial and reliability objectives.
- Ability to use trading, scheduling, forecasting, market-participant, analytical, settlement, and e-Tagging systems.
- Ability to meet market deadlines, operating schedules, and reporting requirements in a fast-paced environment.
- Ability to work effectively with internal stakeholders, market operators, counterparties, consultants, and other utilities.
- Ability to work weekends and SRP- and NERC-recognized holidays and support special operating conditions when required.
- Occasional travel may be required.
- Bachelor's degree in mathematics, finance, business, economics, engineering, data analytics, energy management, or a related field preferred.
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.