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Posted October 29, 2026

US Trading Analyst

DRW

Category:Trading Operations

Location:Houston

Seniority
Junior
Employment type
Full-time
Work arrangement
On-site
Salary (per year)
$120k–$160k
Bonus
Yes

Requirements

  • Bachelor's degree in Mathematics, Engineering, Economics, Finance, Accounting or a related field
  • 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

About 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.

Responsibilities

  • 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 you'll get

  • $120k–$160k base salary
  • 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
  • flexible spending accounts

Skills

Excel · Python · SQL · APIs · AI tools