Energy Trader for Structured Commodities

1 month ago


Aalborg, Ålborg Kommune, Denmark Centrica Full time

Centrica Energy is driving the green transformation of our energy systems and striving to achieve net-zero carbon targets. To deliver value in highly competitive energy markets, we are continuously developing our trading capabilities.

We are seeking a skilled Structured Trader to join our Capacity Commodity Trading Desk in Denmark.

The ideal candidate will support 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 include:

  • 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 in line with commercial growth ambitions
  • Delivering best-in-class return on risk capital by leveraging knowledge and experience
  • Collaborating with quants and analytics to improve models
  • Supporting the team in discussions related to complex trading strategies and portfolio optimization

Requirements include:

  • 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
  • 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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