About the role
- Operational Oversight and Trade Execution:
- Manage the end-to-end lifecycle of bilateral and OTC power transactions executed on the platform – deal registration, confirmation, scheduling, and closure.
- Facilitate matching and confirmation of buy/sell offers between market participants as per contract terms.
- Support structuring and execution of Virtual Power Purchase Agreements (VPPAs), REC, and RPO-linked transactions.
- Coordinate power scheduling and open-access approvals as per Grid Code, General Network Access (GNA) regulations, and open-access procedures.
- Monitor continuous operations of the trading platform to ensure accuracy, uptime, and data integrity.
- Client and Departmental Coordination:
- Support onboarding of market participants (DISCOMs, C&I clients, generators, and traders) and guide them on platform usage.
- Resolve issues related to cash limits/collateral, enablement/disablement, and curtailment as per company policy and scheduling procedures.
- Generate and share operational reports and portfolio summaries with clients and internal stakeholders.
- Address and resolve client queries and operational concerns within defined timelines.
- Coordinate with Business Development, Legal, and Technology teams to streamline transaction flow.
- Reconciliation and Compliance:
- Prepare and share periodic reconciliation statements with counterparties, RLDC, and SLDC.
- Reconcile transaction charges, transmission losses, congestion charges, margin/collateral positions, and GST as applicable.
- Track and follow up on invoicing, payments, and settlement of dues between counterparties.
- Regulatory Coordination:
- Liaise with CERC, RLDC, NLDC, SLDC, and relevant SERCs for scheduling approvals and operational matters.
- Prepare and submit periodic reports and filings to CERC, NLDC, and CEA as applicable to OTC platform operations.
- Stay updated on evolving open-access, GNA/T-GNA, RPO/REC, and power market regulations impacting platform operations.
- Follow up on congestion-related and transmission-related queries with NLDC/RLDC.
- Audit and Process Improvement:
- Prepare audit and MIS reports; identify process gaps and discrepancies in trade execution and settlement.
- Coordinate with the Technology and Data Analytics (GDACC) teams for defect resolution and platform enhancements.
- Support User Acceptance Testing (UAT) for new platform features and functionalities.
- Deviation and Risk Monitoring:
- Track and analyse scheduling deviations, settlement discrepancies, and counterparty risk.
- Recommend and implement preventive measures to minimise deviations and operational risk.
- Efficient, accurate, and timely execution of bilateral/OTC power transactions on the platform.
- Effective coordination with clients, internal teams, and regulatory/grid agencies.
- Accurate reconciliation, invoicing, and settlement of transactions.
- Timely and compliant regulatory reporting and coordination.
- Robust audit trails and continuous improvement of operational processes.
- Proactive identification and resolution of process and platform defects in collaboration with the Technology team.
- Knowledge:
- OTC/bilateral power trading, open-access and General Network Access (GNA) regulations, Electricity Act, and Grid Code.
- RPO, REC, and VPPA frameworks, and their application in the Indian power market.
- Functions of SLDC, RLDC, and NLDC, and power scheduling procedures.
- Technical Skills:
- Proficient in MS Excel (macros, Visual Basic) and other analytical/reporting tools.
- Comfortable working with trading, scheduling, or data-analytics platforms; strong numerical and problem-solving skills.
- Interpersonal Skills:
- Ability to work independently and under pressure in a fast-paced market environment.
- Strong client-facing communication, team collaboration, and conflict-resolution skills.
- Strong initiative, ownership, and time management.
- Additional Skills:
- Expertise in accounts reconciliation, BRS preparation, and process documentation.
- Collaboration & Teamwork – Working closely with internal teams, market participants, and regulatory bodies to ensure smooth OTC platform operations and compliance with power market rules.
- Attention to Quality and Detail – Ensuring accuracy in trade data, reports, and settlements by closely monitoring platform operations and identifying discrepancies.
- Analytical Thinking – Applying data-driven analysis to assess market trends, optimise operations, and resolve complex market-related issues.
- Time Management & Prioritisation – Managing multiple tasks such as scheduling, reporting, and real-time monitoring while prioritising critical operations.
- Problem-Solving Skills – Addressing operational challenges, including scheduling deviations, settlement discrepancies, and compliance issues, by identifying root causes and implementing solutions.
- Coaching & Mentoring Skills – Sharing knowledge, best practices, and industry insights with team members to enhance operational efficiency and market expertise.
- Adaptability – Staying flexible and responsive to dynamic market conditions, regulatory changes, and evolving OTC/power trading mechanisms.