Trading Intern, Midwest Market
Anticipated start date: April or May 2020
SUMMARY
This front office position provides support to TEA’s RTO Trading Desk. The intern will be required to perform in a fast paced, results oriented environment where meeting deadlines is critical to the success of the business. The primary responsibility is to provide support to the RTO Desk by supporting all Trading activities and working collaboratively with other departments to ensure all transactions executed on the RTO Desk are entered, settled, and invoiced correctly. This intern will attempt to provide process improvements and provide reporting support as required.
Essential Duties & Responsibilities include the following. Other duties may be assigned.
Support of Traders: Scheduling Transactions
- Review / Report transaction tags on OATI ETS software
- Monitor and report transmission reservations on OASIS
- Proactively work with RTO Traders to manage TEA’s and Client’s transmission positions
- Provide reporting support to RTO Traders, as necessary
- Communicate on a daily basis with other marketers to confirm delivery and duration of RTO transactions
- Work with RTO Traders to verify accuracy of all MISO, PJM, SPP, ERCOT and other structured market transactions
Support of Real-Time Traders
- Troubleshoot daily emails/issues experienced from real-time traders
- Record real-time changes to Day-Ahead deals, including deal entry
- Review real-time transaction deal entry to ensure deals are accurately entered into TEA’s deal capture system
Data Entry Verification: Accounting for all transactions in TEA's deal capture systems
- Verify all RTO transactions within deal capture system
- Responsible for verifying data on all check reports to ensure deal information is correctly entered
- Accurately performs and records all RTO Day-Ahead trading functions for the RTO Members using the RTO trading tools, including generation, load, purchases, sales, tags, deal information into the portals, deal capture system, and all other RTO trading tools
- Run various database reports to assist the staff in checking transaction status
- Create change tickets as necessary to correct errors in the deal capture system
- Perform all deal entry & validation for RTO Financial Traders
Other Assignments
- Software testing, as required
- Continue to identify and implement process improvements
- Serves as back-up for the other RTO Support Specialists, as needed
- Performs ad-hoc analysis as assigned by Director or Resource Specialists
QUALIFICATIONS
Education and/or Experience
Working towards a Bachelor's or Master’s degree, preferably in accounting, business, engineering, finance, economics, math, statistics or related discipline from a four-year college or university.
Values Required
- Customer Focus
- Integrity
- Teamwork
- Ownership
- Excellence
Competencies Required
In addition to being able to demonstrate TEA’s values the ideal candidate will possess the following competencies:
Organization & Planning
This reflects the individual's ability to work effectively.
Performance factors:
Prioritize and plan work activities
- Use time efficiently
- Plan for additional resources
- Integrate changes smoothly
- Set goals and objectives
- Work in an organized manner
- Pays attention to detail and work has minimal errors
Adaptability
Adaptability refers to the individual's ability to accept change readily, both in job responsibilities as well as in the work environment.
Performance factors:
- Adapts to changes in the work environment
- Manages competing demands
- Accepts criticism and feedback
- Changes approach or method to best fit the situation
Effective Communication
This competency refers to an individual's ability to communicate effectively with others.
Performance factors:
- Effectively express ideas and thoughts verbally and in written form
- Exhibit good listening and comprehension
- Keep others adequately informed
- Willingly share information
- Be open and honest when communicating
- Select and use appropriate communication methods
Commitment to Continuous Learning
This competency refers to an individual's ability and desire to continually improve his/her own performance.
Performance factors:
- Analyzes own performance, prepares and follows personal development plan to improve performance in job
- Keeps current in own field of expertise/specialization
- Takes initiative to understand up-to-date information and best practices
- Actively seeks feedback from others
- Pursues development plans by independently analyzing future requirements in personal career goals
Innovation
Innovation refers to an individual's ability to be creative. This creativity can be demonstrated in several ways, e.g. proposing solutions that add value to TEA's Members and Partners, improving business processes within TEA, etc.
Performance factors:
- Displays original thinking and creativity ("outside the box")
- Meets challenges with resoucefulness
- Generates suggestions for improving work
- Develops innovative approaches and ideas
Organizational Acumen
Organizational acumen is a keen awareness and depth of perception, especially in practical matters. Knowing what management really wants and how that translates into performance.
Performance factors:
- Demonstrates understanding of the relationship between organization, Members, and Partners
- Understands basic business fundamentals - how own job fits in relation to the bottom-line
- Is respectful and understanding of perspectives and roles of others
- Builds relationships and partnerships to accomplish goals
- Is knowledgeable about and can clearly represent own area
- Works with others to create win-win results
- Knows who the organization's leaders and decision-makers are and is familiar with the organisation's structure
Other Skills & Abilities
Microsoft Office software and accessing the Internet. Experience with Microsoft Visual Basic is a plus.