Market Operations Sr. Associate (Hybrid Work Schedule)

Passion. Commitment. Impact.

Across eight offices and hundreds of sites across North America, the team at EDP Renewables is re-writing the business of renewables. From creating a more inclusive, shared, and greener world to implementing 21st-century technologies spanning wind, solar, storage, distributed generation, and hydrogen, we're at the center of the clean energy transition. Powered by our slogan of "We Choose Earth", we believe sustainability and creating resilience apply to the energy grid and how we empower our award-winning team.

Role Overview:

The Market Operations Senior Associate will conduct EDPR NA short-term market activities in CAISO, NYISO, ISONE, and Canada wholesale electricity markets; execute asset-backed and prop trading activities in these respective power markets; support the execution of short- and medium-term sales of energy from EDPR NA's growing renewables portfolio; trades bulk power and related commodities in the NA wholesale power markets. Perform complex analysis of risk and return relationships, incorporating both fundamental analysis and probabilistic techniques, to support the recommendation and implementation of power trading strategies that will maximize value in a controlled risk environment.

What You Will Be Doing:

• Lead GEM US short-term market activities for assets located in CAISO, NYISO, ISONE and Canada (IESO, AESO).
• Recommend and execute day-ahead scheduling as well as virtual trading strategies to maximize return from EDPR NA's portfolio or renewable resources in CAISO and NYISO while controlling the risk.
• Execute bulk power and related commodities transactions in the various NA wholesale power markets, commodity exchanges, and OTC.
• Support the definition and execution of EDPR NA hedging strategy in collaboration with EDPR's Global Risk team and GEM Portfolio Optimization team.
• Support the structuring of complex Power Purchase Agreements by the Origination team, and oversee product delivery.
• Stay updated on the latest regulatory and market rules and anticipate impacts of new regulations on EDPR NA's bottom line.
• Work as part of a team, participating in special projects/duties as assigned by the team leader

Direct reports:

• None

Travel:

• None

Minimum Requirements:

• Bachelor's degree in Economics, Finance, Mathematics, Engineering or related fields; Graduate studies are a plus.
• 5+ years of experience in commodity trading, investment management, or relevant energy work.
• Proficient knowledge of Microsoft Office software, particularly Excel and POWER BI.
• Proficient knowledge of SQL, SQL Server Integration Services (SSIS), and Power BI.
• Ability to program in Visual Basic, Matlab, or Python is a plus.
• Understanding of Microsoft products and/or complementing products preferred.
• Competency in Analytical Problem Solving and Strong Communication skills.
• Ability to speak Spanish is a plus.

Behavioral Requirements:

• Excellent organizational skills, including the ability to organize and maintain a fluid administrative process
• Ability to perform duties in a collaborative working environment
• Proven ability to quickly learn new concepts and software programs
• Excellent time-management skills
• Strong statistical and analytical skills
• Excellent problem-solving ability
• Oral and written communication and presentation skills
• Ability to be self-motivated
• Strong interest in environmental issues and renewable energy

Physical demands & working conditions:

• Sitting/Standing/Flexibility: Ability to frequently perform physical tasks including standing, sitting, walking, kneeling, bending, twisting, squatting, and reaching while on project sites; ability to stand and sit for 8 or more hours when in an office environment
• Speech/Reading: Ability to speak, read, and write English proficiently and deliver a variety of instructions furnished in written, verbal, diagram, or schedule form
• Lifting: Ability to lift items weighing up to 20 pounds
• Vision/Hearing: Ability to understand a variety of instructions furnished in written, verbal, diagram, or schedule form
• Safety: Ability to understand and communicate safety precautions when necessary

What's In It For You?

What makes working at EDP Renewables a once-in-a-lifetime opportunity?

• Work alongside experienced and seasoned professionals, where you will be challenged and developed
• Hybrid work schedule with 2 days of working remotely
• Flex Friday Schedule
• Take 3 weeks of PTO and 7 sick days on us to recharge and come back ready to take on your next project
• Tap into 12 paid holidays, 2 floating holidays, and even your birthday off.
• Volunteer and give back to your community through 4 hours of paid volunteer time a month, so that you can make a difference in the world while still getting paid.
• We promote active participation in wellness and lifestyle services!
• Plus, we offer amazing benefits like medical, dental, and vision insurance, pet insurance (yes, you read that right!), HSA, Disability Insurance, and a 401k matching program that's vested from Day #1.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)