Senior Energy Trader

Summary:

A leading energy consultancy are looking for an Energy Trader to be responsible for ensuring client’s flex baskets are traded / hedged effectively, reacting to market movements, advising internal account managers and external clients on the best way to trade out their open positions. Th role will involve direct supplier and client interaction and report creation and may also involve working closely with software developers to deliver market leading energy management portals. So, if you have an understanding of UK gas & power wholesale markets - dynamics, fundamentals, and drivers – and knowledge of retail contracts, including both fixed and flexible products – apply for the Energy Trader today.

Key responsibilities:

• Monitoring MI from resources, such as Eikon, National Grid, BEIS and other media channels.
• Provide market outlook for gas and power procurement to the team and/or clients
• Prepare regular market reports as well as client-customised reports
• Occasionally write articles about energy markets and change in the industry
• Monitor and estimate required trading volume for flexible gas and power contracts
• Check position reports from supplier every week
• Calculate the consumption profile in monthly granularity
• Communicate with account managers and/or clients about trading
• Place the trades on behalf of flexible clients, including a full trading cycle
• Communicate with suppliers about flexible contracts
• Help AMs estimate budgets - commodity, non-comms, CCL and other relevant charges.
• Calculate and/or estimate the commodity costs for both fixed and flexible clients
• Collect data, e.g. consumption, weather, and other relevant characteristics
• Perform consumption assessment and forecasting with multiple regression analysis

Skills and experience required: 

• Minimum 3 year experience of trading for flexible gas and/or power contracts
• Understanding of UK gas & power wholesale markets - dynamics, fundamentals, and drivers
• Knowledge of UK gas and power retail contracts, including both fixed and flexible products
• Good communication with clients
• Knowledge of basic econometric forecasting models, such as regression.
• Knowledge of (VaR) and Expected shortfall (CVaR), and corresponding back testing
• Good Microsoft office skills