9 hours
2017-12-122018-01-11

ISO and Short-Term Trading Manager

Covanta
Morristown, NJ
  • Job Code
    7005
- ISO and Short-Term Trading Manager - Morristown NJ 07960 Skip Navigation
 
Job Details
ISO and Short-Term Trading Manager
Job ID 7005           
Morristown, NJ
Sustainable Solutions
          
Sustainable Solutions
Full-Time Regular
          
Bachelors Degree
Minimum 5 Years
          
Maybe


About Covanta: Covanta is a world leader in providing sustainable waste and energy solutions. Annually, Covanta’s modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle approximately 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today’s most complex environmental challenges. For more information, visit www.covanta.com .

Information on our facilities is available at www.covanta.com/Covanta-Map . For career opportunities, visit www.covanta.com/Careers . Covanta is an Equal Opportunity Employer.


Reporting to the Senior Vice President (Energy Markets), the ISO and Trading Manager will be responsible for managing the company’s ISO positions, developing/executing short-term trading strategies, and responding to wholesale/retail RFPs.

The successful candidate will have hands on experience with the all aspect of the PJM, ISO NE and NYISOs as well as demonstrated trading experience in power markets to support our revenue growth objectives.

Key Responsibilities

  • Manage Covanta’s ISO activities including bidding, scheduling, reporting, and staff training activities. Support settlement operations as needed.  Address all ISO issues as they arise.
  • Optimize spot market revenues by developing/executing short-term and DART trading strategies and participating in the various ISO ancillary markets. 
  • Track Covanta’s capacity, REC, and energy positions and interface with back office on delivery and settlements.
  • Perform independent market analysis/strategic planning to support marketing and ISO management activities.
  • Assist manager in understanding customer/market needs and develop products, services, pricing structures to match those needs.  Support transactions from origination to execution. 
  • Assist manager with analyzing retail transactions and scheduling load with the PJM, ISO New England, and NY ISO
  • Analyze and identify the impact of emerging legislative/regulatory issues on Covanta’s assets and market position 
  • Support Covanta growth initiatives, especially in the retail and default service areas.


  • Bachelor’s degree is required. MBA with strong financial orientation is preferred
  • Five or more years of relevant career in the electric industry
  • Demonstrated hands-on PJM and ISO NE experience is a must.  Knowledge of other ISOs is a plus.
  • Demonstrated abilities to perform transmission tagging and moving power across balancing authorities.
  • Excellent analytical skills including the ability to create/manage sophisticated pricing models, analyze customer demand, and determine risks/savings associated with proposed transactions.
  • Strong data management skills including SQL database interface/management, advanced Excel skills
  • Ability to think strategically, synthesize complex issues, and develop innovative solutions
  • Ability to respond to RFPs 
  • Well development communications, leadership and team building skills
  • Self-driven, focused on clients’ needs/drivers as well as company revenue
  • NERC and Balancing Authority certification
  • Working knowledge of trading platforms (ICE and CME), deal capture/risk management systems, OATI, transmission tagging and nMarket
  • Able to travel as needed
(*LI-COV)

Categories

  • Engineering
  • Manufacturing / Production
  • Materials
  • Power Engineering
  • Safety
  • Environmental
  • Software Engineering

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ISO and Short-Term Trading Manager

Covanta
Morristown, NJ

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Covanta
Morristown, NJ

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