US Trading Analyst

DRW

Posted 4 days ago

Full Time

Houston, Texas

In Person

Smart Summary

Responsibilities

Produce and review daily and next-day P&L, book and maintain trades, schedule physical power, and support environmental products, softs, FTRs, settlements, and invoice reconciliation. Test system changes, resolve production issues with engineering, and automate manual workflows using Python, SQL, APIs, and AI tools.

Qualifications

You have a Bachelor's degree in a quantitative field such as Mathematics, Engineering, Economics, or Finance, along with 0-2 years of experience. You possess strong Excel skills, programming experience (preferably Python), and exceptional attention to detail for working with sensitive financial data.

Must Have Skills for ATS

Excel

Python

SQL

APIs

ETRM

Endur

OpenLink

FTR

Job Description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

Junior Trade Operations Analyst – North America Power

The Role

Our North America Energy Commercial Operations team is hiring a Junior Trade Analyst in Houston. You will support our US Power, Environmental and Softs trading and origination teams across the full trade lifecycle, from booking and physical scheduling to daily P&L and settlement support. You will work every day with traders, originators, settlements, operations, accounting and engineering, and help build the tools that make those processes faster and more reliable. This is an in-office role; supporting the daily P&L close can extend into the evening on busy days.

What You'll Do

  • Produce and review daily and next-day P&L, investigate variances, and explain P&L drivers to traders and management
  • Book and maintain financial and physical power, environmental and structured trades in our trading system
  • Schedule physical power with ISOs and counterparties and confirm schedules
  • Support environmental products, including auctions and registry accounts, and physical softs operations, including deliveries, storage and invoicing
  • Support FTR trading, auctions, transfers, reconciliations and P&L checks
  • Partner with settlements and operations to resolve trade and invoice discrepancies
  • Test system changes before release and work with engineering to resolve production issues
  • Automate manual workflows using Python, SQL, APIs and AI tools

What We're Looking For

  • Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting or a related field; 0 to 2 years of experience
  • Strong Excel skills and comfort working with large data sets
  • Programming experience, preferably in Python, and an interest in building tools
  • Exceptional accuracy and attention to detail, including with sensitive financial data
  • Ability to work independently and prioritize requests from many stakeholders
  • Clear written and verbal communication and a genuine interest in energy markets

Nice to Have

  • Coursework or experience in power markets, ISO operations, FTRs or physical power
  • Exposure to an ETRM system (Endur/OpenLink preferred), SQL or APIs
  • Familiarity with mark-to-market, realized vs. unrealized P&L and the trade lifecycle

What You'll Learn

How energy trading works end to end: valuation and risk across OTC, FTR, physical and cross-commodity positions, ISO market operations across North America, and how trading, operations and technology work together at a proprietary trading firm.

The annual base salary range for this position is $120,000 to $160,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

#LI-JW1

DRW

At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management. We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet. // Chez DRW, nous identifions et saisissons les opportunités de négociation et d'investissement au niveau mondial. Ce qui nous différencie, c'est notre approche diversifiée : nous négocions sur de nombreuses classes d'actifs et d'instruments, sur des marchés du monde entier, avec des horizons allant de quelques secondes à plusieurs années. Nous réussissons en nous appuyant sur la technologie, la recherche et la gestion des risques. Nous offrons le meilleur des deux mondes: les opportunités et l'ésprit d’une entreprise en démarrage, et les avantages et la stabilité d'une entreprise établie et expérimentée. Nos employés travaillent dur pour résoudre des problèmes intéressants et leurs résultats sont récompensés. Nous valorisons l'apprentissage continu – de nos résultats, de l’environnement et de chacun de nous. C’est un lieu où les attentes sont élevées, la curiosité est profonde et la collaboration est constante, et où l’on retrouve quelques-uns des individus les plus intelligents et les plus passionnés que vous puissiez rencontrer.
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