Strategic Energy Trader for Europe
6 days ago
Centrica, a leading energy company, is at the forefront of the green transformation of our energy systems and strives to achieve net-zero carbon targets. Our trading capabilities are constantly evolving to deliver value in highly competitive energy markets.
We seek an ambitious Strategic Energy Trader to join our Capacity Commodity Trading Desk based in Denmark.
The role involves:
- Supporting the development of 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.
- Defining hedging strategies for the team's current portfolio.
- Ensuring compliance of structured trading activities with risk management mandates.
- Developing new strategies and monitoring market opportunities aligned with commercial growth ambitions within the structured products space.
- Delivering exceptional return on risk capital by leveraging expertise and experience.
- Collaborating with quants and analytics to enhance models.
- Supporting the team in discussions related to complex trading strategies and portfolio optimization.
The ideal candidate should have:
- 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.
- A track record of delivering stable P&L and best-in-class return on risk-capital.
- Strong problem-solving and analytical abilities.
- An entrepreneurial and team-oriented mindset.
- Coding skills are a plus.
Salary Estimate: €120,000 - €150,000 per annum, commensurate with experience and qualifications.
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