Trading Team (Front Office). The Trading Team is responsible for managing the company’s power, gas and carbon positions in the relevant wholesale trading markets. The Trading Team manages the company’s longer term positions, both in regard to proprietary trading and customer initiated transactions, and provides a point of contact for some of the company’s largest clients. The Trading Team is tasked with delivering against an annual profit target, while operating in accordance with the relevant defined risk parameters.
2-3 years trading experience in the UK power, gas and carbon markets, gained in a similar role within an energy trading company. Experience of leading the development and implementation of speculative trading strategies and tactics with accountability for delivery against an annual profit target. A detailed understanding of the fundamental drivers of the UK power, gas and carbon<br>markets. A detailed understanding of the analysis necessary to support both speculative trading and the management and optimisation of physical plant. Previous experience of FSA regulation of UK energy markets would be an advantage. Counterparty management experience. Person Specification: Self-motivation and initiative. Good communication, interpersonal and team working skills. Enthusiasm and flexibility. Customer service orientation and general commercial awareness. Knowledge transfer aptitude. Sound Microsoft Office and analytical skills.
The Senior Trader will operate as leader of the company’s small trading team, carrying out activities including:Leading the development and implementation of trading strategies and tactics, and executing transactions in power, gas and carbon, to achieve the annual profit target whilst complying with risk limits and trading control procedures. Optimising price risk management activities, ensuring that new marketing contracts with generators and energy supply companies can be taken onto the trading book position and hedged as necessary. Supervising the completion of detailed analysis of power, gas and carbon market fundamentals. Developing marketable trading products in line with agreed company strategy and objectives. Developing and maintaining relationships with wholesale counterparties and trading service customers. Contributing to internal Risk Committee & Credit Risk Committee meetings and activities. Liaising with the Energy Management Centre (EMC) to manage short term power and gas positions. Maintaining records and systems, and developing and maintaining procedures.
To apply please email cv to Stephen on: firstname.lastname@example.org