About Our Client The European Bank is a leading liquidity provider and market participant in Carbon certificates.
Job Description Exciting opportunity for a Director Power Trader with a leading European Corporate & Investment Bank in London.
Key Requirements (Work Experience/Formal Education) Experience in Power trading is essential, in addition to previous experience, ideally with Banking experience.Strong understanding of the Emissions trading schemes in the EU and UK (EU ETS and UK ETS). Experience in the primary markets auctions is a plus.Sharp technical expertise in Energy derivatives contracts.The successful candidate will have a solid understanding of the various Energy supply and demand fundamentals in Europe.Robust understanding of the key end-consumers and suppliers in Europe and the UK.Ability to carry out execution of multiple Energy contracts in a tight frame in the most efficient, compliant and cost-effective way.Excellent numerical and analytical skills.Solid problem-solving abilities.Strong commercial mindset and high communication skills.High entrepreneurial attitude required to develop a business.Excellent P&L track record.The successful candidate is likely to be educated to degree level in Mathematics, Physics, Engineering, Econometrics, or similar highly quantitative discipline.The Successful Applicant The Commodities trading desk is looking for a highly motivated individual with a strong level of intellectual curiosity to join their team in London as a senior trader covering Power. In the Power space, you will contribute to add more regions and clients in Europe and the UK to our offering.
Your daily tasks will be to structure, price, trade and manage positions on Power contracts (Physical and financial) in order to exploit and develop the bank's core client franchise in a risk-controlled, capital-efficient and cost-effective manner.
Key activities and key competencies Effectively market make, manage risk and keep senior staff informed of current risk positions, be up to date with the rules and regulations of the Power markets and exchanges.Work with the Head of Commodity trading to implement the most optimal trading strategies on carbon and power assets.Interact with OTC/listed brokers to ensure the best execution is always performed.Build and maintain strong relationships with Trading counterparties.Monitor current market levels and competitor pricing, mark the trading books and make available such market data across the Commodity platform, reconcile and ensure accuracy of Risk and Profit & Loss figures on a daily basis.Keep trading books within all required risk limits.Develop technical, market, product and technological expertise in a fashion consistent with the strategic aims of the business.Act as subject matter expert on Power within the bank and promote the franchise with all internal stakeholders.Coordinate with Support units, specifically IT, in order to set up new instruments/tools in the various trading systems.Work with the operations team to enable them to handle the settlement and delivery of financial and physical carbon and power contracts.Actively promote the Power franchise with Sales teams. Provide accurate and timely prices on their requests and provide regular trade ideas and market comments.Assist in the further automation and digitisation of the Power business, coordinate projects, monitor performance against objectives.Typical instruments traded include spot, futures, forwards, swaps both cash settled and physically settled.What's on Offer The package will be competitive.
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