Energy Markets Optimization Specialist

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and GPU clusters for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.

With 100% renewable energy, we build, own and operate our data centers and take pride in being at the forefront of sustainable solutions for the ever-evolving applications of high-performance compute. We believe that human progress is invaluable, but it should be done in the right way – responsibly, sustainably and having a positive impact on the communities we operate in.

The Energy Markets Optimization Specialist/Manager role at IREN will execute energy trading and optimization activities across our data centre portfolio, with a primary focus on ERCOT. Acting as an energy transaction specialist, the successful candidate will manage day-ahead and real-time market exposure, execute transactions and hedges across the portfolio, support wholesale procurement, optimize CRRs, demand response and ancillary services participation, and provide market intelligence that helps reduce energy cost, manage volatility and capture commercial value. The role requires strong power market knowledge, disciplined risk management and the ability to work closely with operations, finance, site development, QSEs, retail electric providers and external counterparties.

Requirements

- Bachelor's degree in Finance, Economics, Engineering, Mathematics, Statistics, Energy Management or a related quantitative field; advanced degree preferred. - Minimum five (8) years of experience in wholesale power markets, energy trading, asset optimization, scheduling, risk management or energy portfolio management. - Hands-on ERCOT experience strongly preferred, including day-ahead and real-time markets, nodal pricing, congestion, CRRs, ancillary services, settlements and QSE operations. - Strong quantitative skills, including pricing models, valuation methods and risk metrics, with the ability to interpret market data, build trading views, assess price risk and translate analysis into clear commercial actions. - Experience with hedging instruments — PPAs, swaps, futures, options and structured products — bilateral transactions, ISO settlements, mark-to-market reporting, P&L attribution and risk-limit governance. - Advanced Excel skills required; experience with Python, SQL, VBA, ETRM systems, ISO portals, market data platforms or visualization tools is an advantage. - Commercially disciplined, detail-oriented and comfortable making time-sensitive decisions in volatile market conditions while operating within approved risk limits. - Strong communication skills with the ability to explain complex market drivers, trading positions and risk exposures to technical and non-technical stakeholders. - Willingness to support market operations outside standard business hours as required by portfolio needs and market conditions.

Responsibilities

- Execute energy trading and optimization strategies across IREN's operating portfolio, with initial focus on ERCOT day-ahead and real-time markets. - Execute transactions across the portfolio, including PPAs, swaps, futures, options and structured products. - Monitor market fundamentals, load forecasts, weather, generation outages, transmission constraints, congestion, fuel prices and ISO market conditions to inform trading decisions. - Application of fundamental analysis to time transactions off market intelligence and fundamental views. - Execute hedges and support hedge structuring and monetization strategies for wholesale power exposure to optimize portfolio value, including trade recommendations, position tracking, risk-limit compliance, daily valuation of open positions and mark-to-market reporting. - Manage FTR/CRR, basis, congestion, ancillary services and demand response positions to hedge basis risk across nodal price differences, reduce delivered energy cost and capture incremental revenue. - Support origination, structuring and valuation of new PPAs as the portfolio grows. - Coordinate with QSEs, retail electric providers, schedulers and counterparties to support nominations, bidding, settlements, imbalance management and operational execution. - Maintain counterparty, broker and exchange relationships to support efficient execution. - Partner with Operations and Site Development on real-time load management, dispatch decisions, curtailment economics, interconnection analysis and nodal price exposure. - Maintain accurate trade capture, position reporting, P&L analysis, settlement review and documentation in line with internal controls and risk policies. - Prepare market updates and commercial recommendations for the Head of Energy, Finance, Operations and senior leadership. - Stay current on ERCOT and other ISO market rules, PUCT developments, NERC/FERC requirements and market-design changes that may impact IREN's operating cost, flexibility value or trading strategy.

Benefits

At IREN, we offer a highly competitive compensation package that includes base salary, annual performance incentives, and opportunities to build long-term wealth through equity programs. These offerings are part of our broader Total Rewards package, thoughtfully designed to support your health, well-being, and long-term success.

Compensation

- Actual compensation will be determined based on factors such as experience, qualifications, and market data for the region. - Total Compensation package may be inclusive of short-term and long-term incentives. - Relocation (as applicable and based on successful candidate circumstances)

Health & Wellness

- Medical, dental, and vision insurance coverage – 100% company paid for employees, 75% company paid coverage for dependents - Company-paid life and disability insurance - Voluntary life, critical illness, and accident coverage available - Health Savings Accounts (HSA) – when combined with the High-Deductible Health Plan - Employee Assistance Program and wellness resources

Financial Well-Being

- 401(k) retirement plan with company match - Financial wellness tools and resources

Time Off & Flexibility

- Paid Time Off (PTO) and paid holidays - Flexible work arrangements

Growth & Development

- Opportunities for advancement and internal mobility - Training and personal development opportunities

Lifestyle & Culture

- Company events and team-building activities

We value diverse perspectives and believe that skills can be developed. If you’re passionate about this role, we want to hear from you — whether you meet every criteria or not. Your unique experiences might be exactly what we need! IE US Operations Inc., the employing entity and proud member of the IREN group is an equal opportunity employer that is committed to creating an inclusive workplace. We are committed to evaluating qualified applicants and do not discriminate against protected characteristics under applicable legislation. By applying for this position and submitting your resume and application materials, you consent to the processing of your personal information in accordance with our Job Applicant Privacy Statement available on our website at www.iren.com.