Associate Trading Analyst

Are you looking for an exciting job where you can put your skills and talents to work at a company you can feel proud to be a part of? Do you want a workplace that will challenge you and offer you opportunities to learn and grow? A position at Xcel Energy could be just what you’re looking for.

Design and perform quantitative analyses to evaluate wholesale energy markets, quantify and hedge risk, and support portfolio decisions. This position will have a particular focus on transmission congestion, Financial Transmission Rights, Auction Revenue Rights, and related market risks.

Develop and apply analytical tools to large market, operational, and settlement datasets using Python and other data-analysis technologies. Analyze historical results, forecast market conditions, evaluate hedge performance, and identify emerging risks and potential portfolio opportunities. Translate complex quantitative findings into practical recommendations supporting trading, risk management, regulatory, and commercial decisions.

The successful candidate will combine strong programming and statistical capabilities with commercial judgment, trading instincts, and intellectual curiosity. The individual must be motivated to understand why market outcomes occurred, investigate unexpected results, challenge assumptions, and continually improve the analyses used to support portfolio decisions.

• Design and perform quantitative studies of historical and forecasted prices, system loads, fuel costs, and determination of the natural position of XE's power system portfolios. Support trading and risk management activities through quantifying the natural position of each XE regulated operating company. Troubleshoot daily operation of XE's regulated electric operating companies and provide technical support to real-time traders during daily operation of the systems.
  
  Assist Fuels in the determination of forward fuel requirements and the daily gas nomination process.
• Identify opportunities to improve system operations. Design and create analytical studies to model opportunities and determine costs/savings (e.g. rescheduling plant maintenance, alternative operating strategies for certain resources, etc.). Help plant operations personnel understand the market implications of plant operating decisions.
• Create and run modeling scenarios to optimize daily unit commitment, additional purchases/sales, and long-term energy limited or constrained seasonal purchases. Verify accuracy of results through extensive post-analysis of XE system performance. Develop short-term load forecasts, current plant/contract availability, fuel costs, and market conditions. Determine quantities of energy to buy/sell, optimal scheduling of constrained resources, and optimal commitment decisions for plants/contractual resources.
  
  Bid load and offer generation into organized markets on behalf of the company.
• Design and perform post-analysis models of previous day system operation to determine opportunities for dispatch efficiency and purchase/sales improvements. Perform benchmarking of models as appropriate to assure analysis integrity. Verify accuracy of sales costing.
• Seek improvements to processes and analyses used for purchasing/selling commodities, scheduling of contracted resources, and commitment/dispatch of XE generation assets.
• Perform pricing and costing of Real-Time Pricing Program sales and wholesale sales.
• Develop knowledge of regulatory requirements. Identify opportunities to automate solutions for data transfers. Recommend trading strategies based on technical and fundamental market analysis.

• Bachelor's degree in mathematics, engineering, applied sciences, or related fields.
• Prefer…