Term Power Trader - West
Job Description
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What’s the role
Shell is seeking a Term Power Trader – West to join its team in San Diego, California.
This is a front-line trading role with direct accountability for PnL and risk within Shell’s Western U.S. power portfolio. The position sits at the center of an integrated gas, power, and renewable trading system, where you will deploy capital across both liquid markets and structured exposures in WECC.
The role provides significant autonomy in trade execution and portfolio construction, supported by deep market insights and strong cross-desk collaboration to shape and implement high-conviction strategies. The successful candidate will be instrumental in enhancing trading performance while contributing to the ongoing development of the desk’s commercial strategy.
Accountabilities:
Own PnL and risk deployment across WECC power and gas markets, operating within defined VaR and position limits
Develop and execute discretionary and structured trading strategies, leveraging both liquid markets and asset-backed optionality
Actively manage portfolio exposures across generation, transmission, and fuel positions to optimize risk-adjusted returns
Partner with fundamentals, operations, and origination teams to identify trade opportunities and enhance portfolio construction
Articulate market views, positions, and PnL drivers clearly to leadership and contribute to desk-level strategy development
Ensure robust risk management and compliance, including curve marking, position monitoring, and adherence to all regulatory and internal standards
What you bring
Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
Bachelor’s degree or equivalent experience
Minimum of 3 years of working experience in trading environment
Proven track record of PnL generation
Deep understanding of Western U.S. power markets, including nodal dynamics, transmission, and fuel linkages
Experience managing risk and positions across both physical and financial portfolios
Strong grasp of market fundamentals, including supply/demand drivers, renewables, and hydro conditions
Ability to clearly articulate positions, risk, and PnL drivers to peers and leadership
Demonstrated commercial judgment and risk discipline within defined limits and compliance frameworks
Experience trading structured products and optionality (e.g., options, asset-backed strategies)
Expertise in integrated power + gas portfolio optimization
Familiarity with renewable generation and intermittency-driven market dynamics
Quantitative / analytical edge, including use of data, modeling, or programming (e.g., Python)
Track record of contributing to desk strategy or portfolio construction decisions
Ability to operate across multiple regions or products and support broader desk coverage
What we offer
The base salary range for this position is $160,000 – $240,000 per year. Individual pay will be based on various factors, such as relevant work experience, education, certifications, skill level, seniority, and internal equity.
For regular full-time or regular part-time employees of the Company (participating companies as listed in the Summary Plan Description), insurance coverage options include medical, dental, vision coverage, life Insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs. Employees also participate in a company pension plan and a 401(k) plan. Paid leave includes up to 6 weeks of paid vacation time, up to 11 paid holidays, and parental leave offering 16 weeks of paid leave for birthing parents, and 8 weeks of paid leave for non-birthing parents.
Additionally, employees are eligible for short-term disability leave for up to 26 weeks at 100% or 50% of base pay as well as Long-Term Disability insurance. Shell also offers other compensation such financial reimbursement for adoption, wellness, education, and personal learning expenses, and some roles are eligible for discretionary long-term incentives. For interns, eligible benefits include medical, dental, and vision coverage, life insurance, Business Travel Accident Insurance, and Occupational Accidental Death Benefit programs; participation in a 401(k) plan; and paid leave for up to 11 paid holidays. Additional information on Shell’s US benefit programs can be found at https://www.shell.us/careers/about-careers-at-shell/rewards-and-benefits.html.
You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.
Progress as a person as we work on the energy transition together
Continuously grow the transferable skills you need to get ahead
Work at the forefront of technology, trends, and practices
Collaborate with experienced colleagues with unique expertise
Achieve your balance in a values-led culture that encourages you to be the best version of yourself
Benefit from flexible working hours, and the possibility of remote/mobile working
Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world.
Take advantage of paid parental leave, including for non-birthing parents
Join an organization working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply
Grow as you progress through diverse career opportunities in national and international teams
Gain access to a wide range of training and development programs
We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.
Shell in The United States
Shell has been in the US for more than 100 years, leading the sector in energy, petrochemicals and refined products. Today, we provide millions of Americans with the energy needed to heat and cool their homes and power the economy.
We operate in all 50 states, from our Deepwater platforms in the Gulf of America to the Pennsylvania Chemicals complex and our miles of pipelines throughout the US.
We reach our customers through our 13,000 branded retail stations, and we are number 1 in gasoline sales. We also own the #1 brand of motor oil in the U.S. – Pennzoil® – made from natural gas.
We are excited to play a key role in the move to net carbon emissions while providing the oil and gas needed by society for many decades to come.
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