Senior Power Trader Leader
3 days ago
About Our Client
The European Bank is a leading liquidity provider and market participant in Carbon certificates.
Key Highlights
• Salary: £80,000 - £120,000 per annum (dependent on experience)
Job Description
We are seeking an experienced Director Power Trader to join our team in London. The successful candidate will be responsible for structuring, pricing, trading, and managing 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 Responsibilities
• Market making, risk management, and maintaining senior staff informed of current risk positions
• Implementing optimal trading strategies on carbon and power assets with the Head of Commodity Trading
• Building and maintaining strong relationships with Trading counterparties
• Monitoring current market levels and competitor pricing, marking the trading books, and providing market data across the Commodity platform
• Ensuring trading books remain within required risk limits
• Coordinating with Support units, specifically IT, to set up new instruments/tools in the various trading systems
• Working with the operations team to handle settlement and delivery of financial and physical carbon and power contracts
• Promoting the Power franchise with Sales teams
• Assisting in the further automation and digitisation of the Power business, coordinating projects, and monitoring performance against objectives
Requirements
• Experience in Power trading is essential, ideally with Banking experience
• Strong understanding of the Emissions trading schemes in the EU and UK (EU ETS and UK ETS)
• Strong commercial mindset and high communication skills
About You
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. 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.
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