Senior ERCOT Power Trader

Macquarie Group
Macquarie Group

Posted on Sep 29, 2026
Join Macquarie’s North Americas Gas and Power team as a Senior ERCOT Power Trader in either our Houston or Minneapolis office. In this role, you will be responsible for developing and executing proprietary and risk management trading strategies across the ERCOT power markets. You will leverage a deep understanding of power fundamentals, transmission dynamics, generation economics, weather impacts, and market structure to identify and capture trading opportunities. The role requires close collaboration with originators, analysts, quantitative teams, risk managers, and other traders to develop differentiated market views and generate risk-adjusted returns.
We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

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As a Senior ERCOT Power Trader, you will develop and execute both short term and long-term trading strategies across ERCOT power markets, including day-ahead, real-time, congestion and ancillary service products. You will analyze market fundamentals such as load, weather, generation, fuel markets, transmission constraints, and regulatory developments to identify and capitalize on trading opportunities. Working closely with analytics, quantitative, technology, and risk management teams, you will leverage data-driven insights to develop market views, enhance forecasting capabilities, and optimize risk-adjusted returns. You will maintain a deep understanding of evolving ERCOT market dynamics while ensuring all trading activities remain aligned with established risk management frameworks and approved limits.

What you offer

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  • Extensive experience trading ERCOT power markets with a proven record of generating risk-adjusted returns.
  • Deep understanding of ERCOT market dynamics, including congestion, nodal pricing, generation economics, ancillary services, and transmission constraints.
  • Ability to develop market views through analysis of power fundamentals, weather, fuel markets, and regulatory developments.
  • Strong risk management discipline and experience managing complex trading portfolios.
  • Excellent quantitative, analytical, and decision-making skills in fast-paced market environments.


We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

What we offer

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At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:
  • 1 wellbeing leave day per year and a minimum of 25 days of annual leave
  • 20 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
  • 2 days of paid volunteer leave and donation matching
  • Benefits and initiatives to support your physical, mental and financial wellbeing such as medical, prescription drug, dental, and vision insurance; health savings account and dependent day care savings account; life insurance, disability, and other insurance plans; 401(k) and short/long term disability
  • Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
  • Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
  • Recognition and service awards
  • Hybrid and flexible working arrangements, dependent on role
  • Reimbursement for work from home equipment

About Commodities and Global Markets

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Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution and logistics solutions to its diverse client base across Commodities, Financial Markets and Asset Finance.

Inclusion at Macquarie

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We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of race, colour, religion, sex, sexual orientation, national origin, age, disability, protected veteran status, genetic information, marital status, gender identity or any other characteristic or circumstance.

We provide reasonable accommodation to individuals who may need support during the recruitment process and employment. If you require an accommodation, please let us know during the application process.
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