About Active Power Investments Active Power Investments LLC is a market participant in the North American wholesale power markets. We engage in virtual transactions (VTs), participate in Financial Transmission Rights (FTRs) / Congestion Revenue Rights (CRRs) auctions, and engage in related energy trading in electric power and natural gas futures and exchange-traded derivatives. We offer exposure to these unique investment opportunities, which provide an exceptional combination of returns and portfolio diversification. Our team develops and executes strategies across: Independent System Operator (ISO) markets, such as CAISO, ERCOT, MISO, NYISO, PJM, and SPP. Exchanges, such as ICE and CME, which offer related energy and commodities products.
Role Summary:
We operate in markets where disciplined analysis, strong judgment, and rigorous risk management matter. We're adding a senior trader who can translate market insight into durable, risk-adjusted trading performance — with real ownership of a proprietary, PJM-focused FTR book and the latitude to define strategy, drive position sizing, and manage risk with a high degree of autonomy. This seat suits someone who combines commercial instinct with quantitative rigour, and who wants to shape both the trading approach and the analytical toolkit behind it — we're flexible on the specific tools and platforms you use. We're hiring for a proven ability to generate risk-adjusted PnL in PJM's FTR/CRR markets, not for years of tenure alone. This role is 100% remote, giving you the flexibility to run the book from wherever you work best.
Key Responsibilities:
Develop, execute, and manage a PJM FTR/CRR portfolio across long-term, annual, and monthly auctions, including position sizing, hedging, and rebalancing. Model transmission congestion, outage schedules, and grid topology to identify and price trading opportunities across the network. Own risk management for the book: position limits, scenario/stress testing, mark-to-model vs. realized PnL reconciliation, and detailed PnL attribution. Select and maintain the analytical stack (data, modelling, and execution tools) needed to run the book effectively — firm is flexible on toolset. Where relevant, extend the strategy into adjacent PJM products (virtuals, up-to-congestion, day-ahead/real-time spread trades) opportunistically. Report position, risk, and performance to firm leadership on a regular cadence. Senior-level experience operating autonomously with full ownership of risk. Proven experience owning a PJM FTR/CRR book across long-term, annual, and monthly auction cycles, with a demonstrated strong PnL track record and verifiable results. Deep working knowledge of PJM market rules, auction mechanics, and transmission and congestion dynamics. Strong quantitative and analytical skills, including the ability to build and validate models. Experience reporting positions, risk, and performance to firm leadership.
Preferred Qualifications:
Bachelor's degree in a quantitative field (finance, economics, engineering, math, or physics) — valued, but not required; a strong, verifiable trading track record is of greatest importance Experience trading FTRs/CRRs or congestion products in other ISOs (MISO, ERCOT, SPP, NYISO). Track record in adjacent PJM products — virtuals, up-to-congestion, or spread trading. Programming/data skills (Python, R, SQL) for independent research and backtesting. Prior experience mentoring junior traders or analysts. Total compensation for this seat combines a base salary with a profit-sharing component tied to book performance and is structured to scale with experience and track record.
