Assets Trader – Power & Gas (Europe)

Professional Profile

Candidates should hold a degree in Engineering, Finance, or an equivalent field that facilitates working with large data sets. A minimum of seven years of experience in European power trading is required, along with strong knowledge and practical experience in asset-backed trading and optimisation. Deep experience in power market organisation across European countries is essential, with specific expertise in one or two countries being a significant advantage.

Success in this role requires a fascination with power market fundamentals, including changing generation stack dynamics. You should be passionate about following market developments and possess original ideas on how industry trends might affect markets. The ideal candidate is happy to take the lead in taking positions and is comfortable explaining their thinking to all levels within the organisation.

Good experience with physical and financial trading instruments is necessary to capture both the intrinsic and extrinsic value of managed positions. You must be well-versed in risk management and trading regulations, setting an example and protecting the integrity of a well-functioning market. A demonstrated ability to develop trading views and translate them into measurable performance is key, as is a strong affinity with quantitative tools and modelling approaches, such as dispatch models and optionality.

Other essential qualities include a passion for analytics, attention to detail, and the ability to work autonomously and take initiative in a fast-paced environment. Strong communication and interpersonal skills are required, along with fluency in English. Additional European languages, such as Italian and/or Dutch, are considered a plus.

Organisational Context

We are committed to meeting the energy needs of a growing population and advancing the energy transition. The volatility of energy trading markets demands excellence in risk management and a culture of innovation, while we fully embrace the digital revolution. Our people flourish in an environment that promotes expertise, entrepreneurial spirit, agility, and a purpose-driven culture, generating boundless opportunities to learn, grow, and achieve collaborative success.

Reinforcing the competencies of our people is a key pillar of our culture. We train our people to ensure their development and pledge to encourage safety in all our actions. We look for passion, ambition, and open-mindedness. While we evolve in a demanding industry that requires being always on the edge, we cultivate a friendly workplace where team spirit and respect guide our daily routine, and the diversity of our people and their skills create a nourishing experience for all.

Key Responsibilities

Market Expertise

• Develop an in-depth understanding of European power markets, including market design, price formation, generation stack dynamics, and across market segments.
• Maintain strong awareness of gas and emissions markets and their interactions with power.
• Monitor capacity mechanisms and ancillary services where relevant.
• Formulate and express market views to generate value beyond intrinsic asset optimisation, including discretionary positioning.

Asset Expertise

• Build a detailed technical understanding of the asset portfolio.
• Determine optimal dispatch strategies considering operational constraints, costs, and market conditions.

Modelling and Tools

• Contribute to the development and continuous improvement of analytical and modelling tools.
• Support the digitalisation of workflows and real-time risk management capabilities.
• Work closely with Research, Digital, and IT teams.

Trading Strategy and Execution

• Define and implement trading and hedging strategies aligned with market conditions and asset constraints.
• Execute trades across power, gas, and emissions markets within defined mandates.
• Contribute to portfolio balancing, risk management, and overall trading performance.

Commercial and Cross-Functional Interaction

• Work with Origination and project teams to support new agreements and portfolio growth.
• Liaise with Operations and asset owners on short-term optimisation and dispatch decisions.
• Interact with diverse functions, including Finance, Middle Office, Back Office, IT, and Research, as required.

Compliance

• Ensure full compliance with internal policies and external regulations, including REMIT.

Accountabilities

• Operate within the Company’s trading governance and risk framework.
• Contribute to the performance of the desk, with both collective responsibility and individual impact.
• Ensure adherence to HSE rules, Code of Conduct, and applicable regulations.

You will operate in a highly dynamic and volatile market environment, shaped by evolving energy flows, regulatory developments, and the energy transition. This role offers exposure to a diversified and growing portfolio of flexible generation assets, requiring close interaction between trading, operations, and commercial teams.