Summer 2023 - Trading Operations Risk Intern
PSEG Company: PSEG Services Corp.
Salary Range: $ 35,700 - $ 79,800
Incentive: Not applicable
Work Location Category: Hybrid
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
PSEG is seeking a summer intern to work with the Trading Operations Risk team.
The Trading Operations Risk team is responsible for
- Trading confirmations including oversight of physical and financial transaction records in PSEG’s ETRM (Energy Trading & Risk Management System, Dodd Frank (and other) regulatory reporting, price index reporting.
- Facilitate all forward and spot commodity price data flows into the ETRM system used as PSEG’s system of record for valuation of physical and financial hedges.
This position will be hybrid, which means you’ll be assigned to the PSEG HQ office and given the flexibility to work remotely.
- Support daily counterparty, broker, and exchange confirmation validation.
- Prepare and/or review exception reports, compliance reports as applicable; review with Senior Analyst for accuracy.
- Supporting the completion of daily and monthly activities not limited to:
- Price reconciliation processes, monitoring of ISO auction results (Capacity & Financial Transmission Rights)
- Review of price sources and price formulas
- Review of commodity forward and spot price analytics (e.g. charts, tables, etc.)
- Work with internal and external departments to answer commodity forward market price related inquiries
- Creation of ad hoc position and valuation (profit and loss) reports
- Daily support of commodity data feeds for forward and spot prices using PSEG’s commodity data management system and energy trading & risk management system.
- Assist in process review and documentation
- Responsible for gathering data and documenting information regarding various business and technical processes.
- Assist in the automation of business processes.
Job Specific Qualifications
Required Education/Skills: The successful candidate (s) must be actively pursuing a Bachelor's or Master’s degree from an accredited institution in Information Systems, Business Analytics, Economics, Finance, Risk Management, Computer Science, or related field. Candidate must have completed sophomore/junior level coursework by the start of the internship program to be considered. PSEG recognizes institutions of higher education, which are accredited by the Council for Higher Education Accreditation or equivalent.
Strong interpersonal skills, with the proven ability to effectively communicate (both orally and in writing), with clients, partners, staff, remote colleagues, and others.
Good work ethics and ability to work well with others.
Proven ability exercise sound judgment, ask questions and be open to the input and decisions of others.
Computer, Internet and demonstrated proficiency with Microsoft Office (Word, Outlook) and Advanced Microsoft Excel skills
Understanding of business analysis principles, processes, techniques, and workflows a plus.
Ability to write business requirement documents and create workflow diagrams a plus.
All PSEG internship roles are paid at an hourly rate, however there are no benefits associated with these positions. Candidates are expected to work 40 hours per week over the summer period and as business needs warrant. We are targeting: Currently enrolled students (must be enrolled at the commencement of the internship program) Housing, transportation, immigration support will not be provided in association with these positions.
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
Candidates must foster an inclusive work environment and respect all aspects of diversity. Successful candidates must demonstrate and value differences in others' strengths, perspectives, approaches, and personal choices.
As an employee of PSE&G or PSEG LI, you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
Certain positions at the Company may require you to have access to 10 CFR Part 810 controlled information. If the position does require access to this information, the Talent Acquisition representative will provide further details upon making an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
Business needs may cause PSEG to cancel or delay filling position at any time during the selection process.
This site (http://www.pseg.com) is strictly for candidates who are not currently PSEG employees. PSEG employees must apply for jobs internally through emPower which can be accessed through [Register to View] by clicking on the emPower icon, then selecting careers.
PEOPLE WITH DISABILITIES:
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call [Register to View] or email [Register to View] If you need to request a reasonable accommodation to perform the essential functions of the job, email [Register to View]