Energy Trader

3 weeks ago


Aalborg, Ålborg Kommune, Denmark Centrica Full time

Centrica Energy is committed to a leading role in the green transformation of our energy systems and achieving net-zero carbon targets. Our trading capabilities are continuously developed to deliver value in competitive energy markets.

We are looking for a skilled Commodity Trading Specialist to join the Capacity Commodity Trading Desk in Denmark.

The role involves supporting the build-out of our trading and origination activities on structured commodity deals in continental Europe and the UK, including European options on power, gas, and carbon, commodity spread options, long-term cross-border power transportation options, virtual power plants, and swings.

Key Responsibilities

  • Define hedging strategies for the team's current portfolio.
  • Ensure compliance of the structured trading activities with risk management mandates.
  • Develop new strategies and monitor market opportunities in line with the commercial growth ambitions of the team within the structured products space.
  • Deliver best-in-class return on risk capital by leveraging your knowledge and experience.
  • Work closely with quants and analytics to continuously improve our models.
  • Support the team in discussions related to complex trading strategies and portfolio optimization.

Requirements

  • Experience in valuation and trading of European options and cross-commodity structured products.
  • Experience in hedging of structured commodity products using linear and non-linear hedges.
  • Experience in dynamically trading around a structured products portfolio to extract extrinsic value from the portfolio.
  • Experience in risk analysis and P&L / VaR reconciliation.
  • Track record in delivering stable P&L and best-in-class return on risk-capital.
  • Strong problem-solving and analytical ability.
  • Entrepreneurial and team mindset.
  • Coding skills are a plus.

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