Quant jobs / Jane Street

FTR Trader

An experienced trader of Financial Transmission Rights, which are contracts on electricity grid congestion across US power markets. The role sits on Jane Street's growing FTR team and works with other desks across the firm.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Analyse congestion positions and trade ideas across several US power-market regions
Design and refine FTR trading strategies and the models behind them
Manage the risk of the FTR portfolio through the full life of each strategy
Review analysts' work and mentor them on the desk
Share market views with other trading desks

What they ask for

Required

Two or more years trading FTRs or similar products
Working knowledge of at least one ISO/RTO market
Strategy lifecycle and portfolio risk management
Modelling and programming
Probability and statistics
Decision-making under time pressure

Education: No degree level stated.
Experience: 2+ years as an FTR trader or in a similar role
Markets: commodities

How to prepare

Learn how nodal pricing, congestion and FTR auctions work in one US ISO such as PJM or MISO
Study basic power-market economics: generation stack, transmission constraints and outages
Build a small model that estimates congestion value from public node price data
Practise sizing positions and measuring portfolio risk with probability and statistics

What to study

The Energy Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Jane Street’s site before applying: requirements, location and pay can change after we check them.

View the posting on Jane Street’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Jane Street and doesn’t handle applications.