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Houston, Texas, United States
Onsite
Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation, the largest US-based global power company with a team of 8,300 employees across 12 countries.
AES has been ranked #1 by BloombergNEF in renewable energy sales to corporations in the US and Americas for five consecutive years, providing electricity for millions of people worldwide.
We are proud to foster a strong workplace culture, earning prominent positions in Great Place to Work™ rankings across the markets where we operate. AES was also named one of the World’s Most Ethical Companies for the 13th consecutive year in 2026, highlighting our dedication to integrity, transparency, and responsible business practices.
Our spirit of innovation continues to earn industry recognition. AES is the only seven-time winner of the Edison Electric Institute’s Edison Awards in the twenty-first century, a distinction honoring global leadership in advancing the electric power industry.
If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a more sustainable future, we're powering it. Apply now and energize your career with a true leader in global energy.
TITLE: Senior Analyst, Structured Trading
EMPLOYER: AES Clean Energy Services, LLC
LOCATION: 1201 Fannin Street, Suite 500, Houston, TX 77002
DUTIES: Analyze ERCOT [Electric Reliability Council of Texas] real time and cash markets for weather risk,
price risk, trading opportunities. Design and develop stack models to simulate generator dispatch behavior
and merit order in ERCOT. Develop and execute trading strategies in ERCOT to achieve defined PnL [Profit
and Loss] targets. Support term trading strategies to manage asset energy exposure in ERCOT. Build and
maintain fundamental natural gas models to identify correlations and impacts on power markets. Evaluate
capacity and resource adequacy markets across U.S. ISOs [Independent System Operators], working
closely with trading, regulatory, and fundamentals teams. Analyze basis and congestion markets and
design risk-mitigating strategies to manage portfolio exposure. Develop and execute strategies to
participate in Congestion Revenue Rights (CRR) auctions for both hedging and proprietary trading
purposes. Register AES legal entities to be market participants in de-regulated power and congestion
markets. Monitor and manage collateral exposure for trading activity. Develop commercial risk modeling
including historic and parametric Value at Risk (VaR) models to benchmark risk valuations. Mark forward
curves for valuation of energy, basis, and capacity positions. Work with Pricing to value merchant exposures
on M&A [Mergers and Acquisitions] and development assets in ERCOT and MISO [Midcontinent
Independent System Operator] territories. Deliver model improvements and automation to shorten
turnaround times necessary to meet aggressive business growth targets. Contributes towards contract
negotiation for complex deal structures. Work with ETRM [Energy Trading and Risk Management] team to
ensure adequate booking and representation of signed contracts. Work with Risk Management team to
follow internal processes and guidelines for model validation and risk quantification. Develop an
understanding of commercial impacts affecting AES CE business, grow their own skills and progress along
the career path. Own analyses and recommendations used in trading, hedging, and investment decisions,
including during periods of market stress. Train and develop junior members of the team.
REQUIREMENTS: Bachelor’s degree or foreign equivalent degree in Engineering, Economics, Finance or related quantitative field and 5 years of experience with commercial analysis for the energy industry.
Experience must include:
Knowledge may be demonstrated through education, training and/or experience
TO APPLY: E-mail resume to applicationsUS@aes.com. Please use reference Job Code 10254781.
AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.
