Director Power Trader

Exciting opportunity for a Director Power Trader with a leading European Corporate & Investment Bank. London.

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 make sure the best execution is always performed.
• Build and maintain strong relationship 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 expect 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.