Job description
We are seeking a highly motivated and experienced Power Trader to join our team as we begin to build out our NYC and Calgary offices. The Power Trader will be responsible for trading financial power in NYISO, PJM, or MISO – including ICE, virtuals, and/or UTCs. The ideal candidate will have a strong understanding of the fundamentals of the electricity markets and have demonstrated a strong track record over the years. We are a team with a blend of youth and experience, and we are looking for candidates that share the same passion for markets and hunger to succeed in a fast-paced, growing company. This is an exciting opportunity to join a new fund that is hyper focused on becoming best-in-class, setting itself apart with the culture, compensation, flexibility, and collaborative environment it offers.
Responsibilities:
Develop and execute profitable trading strategies in specialized markets (with room to focus on additional markets upon demonstrated success)
Manage risk and ensure compliance with market rules and regulations
Work collaboratively with developers and the floor to solidify fundamentals and optimize trading strategies
Monitor and analyze market trends and data to ensure strategies are relevant and continue to be profitable
Bachelor’s degree in a relevant field, such as finance, economics, engineering, etc.
At least 2-5 years of experience in power trading (NYISO, PJM, MISO)
Strong analytical skills and proficiency in data analysis tools
Excellent communication and interpersonal skills
Ability to work in a fast-paced and team-based environment
Understanding of risk management and compliance requirements
Passion for markets and ability to work hard and play hard
About us:
Sparta’s mission is to be a best-in-class fund focused on sustainable growth of investment returns and adding value to the communities where we operate.
Our vision is to create something bigger than ourselves. We recognize that big things are accomplished in groups, and we are here to foster an environment that leads to a legacy that will thrive into perpetuity.
Our culture centers around 3 key values:
1. Integrity – We hold ourselves accountable to all our stakeholders: our investors, the markets, and all members of our organization. As such we maintain standards of conduct that are consistent with good governance both internally and externally.
2. Collaboration – In accordance with our vision we believe that “the whole is greater than the sum of its parts”. By emphasizing collaboration, we are always aware and aligned with the expectations of our stakeholders.
3. Growth – We are a boutique investment firm with a goal to grow our investment returns in size and scale into perpetuity. Thus, we are constantly striving to find new, complimentary revenue streams that add diversity to our portfolio and grow our bottom line.
Job Type: Full-time
Pay: $100,000.00 - $125,000.00 per year
Benefits:
- Dental insurance
- Flexible schedule
- Health insurance
- Health savings account
- Paid time off
Schedule:
- Monday to Friday
Supplemental pay types:
- Bonus pay
- Commission pay
Ability to commute/relocate:
- New York, NY 10001: Reliably commute or planning to relocate before starting work (Required)
Education:
- Bachelor's (Preferred)
Experience:
- trading: 2 years (Preferred)
Work Location: Hybrid remote in New York, NY 10001
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