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Operations Intern

Operations · Internship · New York, United States

Job description

About Roscommon Analytics:

Roscommon Analytics LLC is a fast-growing business using technology and analytics expertise to generate profits in the energy commodity markets, with a focus on power and natural gas. Since its inception in November 2016, the firm has grown to over 90 employees with offices around the globe. Roscommon has a single, “brand-name” institution as its financial partner providing over $500 million in capital.

The firm started with offices in New York and Houston, trading in the North American power and gas markets. The firm commenced operating in the US Power and Congestion markets with its first trades in the Financial Transmission Rights market in April 2017. Growing that base in 2018 with the addition of Power basis trading on ICE and Nodal exchanges.

It opened an office in Australia in 2018 to leverage its analytics in the Australian power markets.  In 2021 it entered the European natural gas markets with an office in London, and has now grown to include offices in Sweden, Germany, and Switzerland to focus on the European power, gas and carbon markets.

In the United States, Roscommon’s major growth initiative is entering the battery and renewable energy markets by leveraging its deep understanding of the underlying power markets.  It is joint venturing with a development group to build and manage “utility scale” battery installations, and solar plants coupled with batteries.

Position Overview:

As a Trade Operations Intern at Roscommon Analytics, you will work cross-functionally with the Operations, Legal and Compliance Teams, Trading Desks and external vendors to deliver on projects and business requirements. This internship will immerse you in the fast-paced and dynamic trading environment while providing the opportunity to solve real-world trading desk challenges within commodities markets. During your internship, you will learn the importance of compliance and control frameworks that enable you to properly apply internal policies and procedures for day-to-day controls. In addition, you will learn about the life-cycle of FTR’s, OTC and exchange cleared commodities including power gas, emissions, and oil.

Responsibilities:

  • Assist in the full life-cycle of a trade from execution to clearance, settlement, event management, and cash management

  • Assist with FTR lifecycle management from ISO relationships, collateral posting, auction results, pnl and position validation, settlement and collateral release

  • Assist in the day-to-day process control of exchange/OTC and FTR trading operations.

  • Assist in T0/T1 trade reconciliation and settlement process

  • Collaborate internally and externally with trading desks, counterparties, brokers, and custodians

  • Gain exposure to managing broker agreements, fee reconciliations, and exchanges such as CME, Nodal, Nymex, ICE, EEX, Nasdaq

Required qualifications:

  • Currently enrolled in a bachelor’s or master’s program in mathematics, finance, economics, or similar field is preferred
  • Self-starter who is curious, detail-oriented and collaborative, with strong organization and communication skills
  • Strong analytical background, ability to work with large datasets and desire to problem solve
  • Attention to detail
  • Must be strong with Microsoft Excel
  • Ability to prioritize and re-prioritize as business needs change
  • Interest in financial markets, commodities, and energy transition