Senior Oil Trader
We are seeking an experienced Oil Trader with a strong knowledge in Fuel Oil and a broader knowledge of the rest of the barrel. Our client is an international fuel oil trading business and is a leading provider of customised hedging solutions for the management of price risk on fuel expenses. Combining in-depth knowledge of the oil markets, finance and transport, they trade the “entire barrel” of financial oil and oil-related products and help clients escape the uncertainties related to the volatile oil market. Area of responsibility: Responsible for providing liquidity to customer flow and capturing bid/offer spread. Actively working to cover the desks opening hours Responsible for acting in accordance with instructions from Head of Trading, including proactively ensuring that no compliance breaches occurs. Purpose of the position: Provide liquidity for customer flow and capturing bid/offer spread. Co-manage risks and PnL in joint portfolio Actively support Sales Knowhow Analysis Sparing Create and develop own portfolio in accordance with risk mandate Develop tools and trading strategies that supports our flow business Report trading activities to Head of Trading Personal characteristics: 3 years professional experience in the oil market with a strong knowledge in Fuel Oil and a broader knowledge of the rest of the barrel Adjustable/flexible Working hours Working area (trading not just one thing) Location Compliant Creative Determined Ability to work on his/her own
Fundamental Trading Analyst
Our client is a European energy supplier, looking for a fundamental and trading analyst. This role is responsible for the development and operation of the fundamental price forecasting process within the Trading team. The role reports directly to the Head of Trading and will be expected to add £2-3m of value from price views contributing to forward and prompt decision making. DUTIES AND RESPONSIBILITIES Development and maintenance of fundamental price forecasting tool Creation of price views to support hedging and optimisation decisions in forward and prompt timescales Calibration of forecasts with market outturns Lead interface with external market data providers and market forecasting tool developer Coordination and cooperation with M&A team Communication of price views to senior executive team Development of fundamental based price views to add value to hedging and optimisation decisions Provision of trading analysis to support UK trading and wider decisions within the Group REQUIREMENTS, SKILLS AND COMPETENCIES Bachelor's Degree or equivalent required in numerate subject, preferably economics or mathematics Experience utilising and developing stack type power models or other generation dispatch/scheduling programmes strongly preferred Ability to perform fundamental market analysis using principles of economic theory Ability to work in a dynamic environment and prioritise effectively Highly numerate with strong analysis and spreadsheet skills, and preferably, database skills Have excellent oral and written communication skills including the ability to communicate complex issues in a clear, concise and coherent manner to both Board level executives and other members of the Commercial team Possess outstanding interpersonal and team-working skills Demonstrate strong commercial judgement and a pragmatic and creative approach to problem solving Highly organised with a focus on accuracy and attention to detail Committed to continuous improvement and personal development EXPERIENCE 3 years or more experience in energy trading/optimisation environment, preferably, with specific focus on power market economics. Excellent understanding of UK electricity market and relevant fuel markets and the fundamental drivers which shape them. Self-starter with ability to prioritise effectively and working to tight deadlines. Effective team worker, with the ability to work independently when required.
Power & Gas Operator
Our Client An opportunity has arisen to join a top tier trading house, in the European power and gas physical operations team based in London. The clients operations span five continents and engage more than fifty countries. The Role: Responsibility for on time and correct processing and sending of intraday and day ahead nominations, schedules and programs to counterparties and network operators The role involves acting as an interface between Power traders and European Grid Operators for the submission of exchange bids, nomination of positions within various countries and the nomination of border flows. Ensure gas positions, storages & IP/VIPs are nominated timely and accurately across UK & European Grids Perform allocation and capacity bookings and ensure all trades are booked in our ETRM Optimisation of out of hours positions, for gas and power, from both the trading desk and DMA business. Participating on European auctions for cross border power flows. This includes BrtiNed, IFA, NEMO and JAO auctions on a monthly basis Closing out positions from storage and capacity cuts/scaling. Ensuring all market license conditions are upheld through good communications with the relevant network operators and implementation of network codes Skills Required: Degree level education Good knowledge of the energy industry, including gas and power operations Excellent computer skills, SQL, VBA Effective communication and time management skills Work as part of a team and independently Ability to cope with pressurised situations and adhering to deadlines Between 3-7 years power scheduling experience. Experience Required: Experience working with Openlink, EPEX, XBID/Comm Trader, JAO, N2EX, Gemini, PRISMA, Trayport, WebICE, ENOM, EEX, ICE Endex, APX, IPEX, PCE, PSV, OTE, EUREX Strong understanding of European power markets – balancing mechanisms, day ahead/intraday nomination deadlines & matching, Experience of physical nominations / explicit capacity purchase for border flows and cash out mechanisms across power and gas markets. Understanding of market coupling process & multiple NEMO arrangement Trading experience a plus
Power Prompt Trader
Our client is a young, dynamic, and rapidly growing company which provides a route-to-market and asset optimisation service for the generation assets within its portfolio. Their core activities are extracting value from UK flexible power generation, trading UK prompt power and gas markets, providing risk management, structuring services and advise to asset owners, and ancillary services. The UK Power Desk is seeking an experienced Pompt Trader that can join the team and the journey to further growth and success. Job Requirements and Responsibilities: Asset optimisation of the current peaking assets by trading power on UK Day Ahead, Intraday and Cashout markets Generation of income through proprietary trading on UK Power Day Ahead, Intraday and Cashout markets while operating within Risk limits of the company Daily gas procurement from the market and daily balancing of gas positions for each asset in the company’s portfolio Looking after the operational side of the asset optimisation, such as: Submitting PNs for the BM plant, starting and stopping non BM plant, submitting Bid/Offers for the BM plant, updating availabilities on the Trading System, etc Taking active responsibility for the accuracy of daily P&L and Benchmarking reporting both for the individual and the team performance Taking active responsibility for the awareness of the collateral use across different segments Daily leasing with Upper Management and occasionally with stake holders of the group Development of new trading strategies power and gas Daily OTC deals reconciliation Daily end of day reporting: Market update and expected P&L Daily Risk reporting end of day on the Risk Limits compliance Looking after accuracy of Shift log and hand over Add hock market/performance analysis and modelling as needed Reports write up if requested by Management Who we are looking for: Previous experience 1.5-5 years of trading prompt UK power with a successful proven track record Previous experience of asset optimisation Deep understanding of prompt power markets in UK, specifically its fundamentals Understanding of how P&L is computed both for prop trading and asset optimisation and its components Gas market knowledge Understanding of statistical concepts in trading is advantageous due to sophisticated quantitative methods currently used on the desk Ability to manage multiple work loads and perform under pressure High attention to detail is a must High numerical skills and ability to problem solve independently is essential Extremely motivated and driven Good communications skills, as job requires constant communications with operations team of the asset owners, management of Trading and the Group, other group employees and fellow colleges Ability to listen and take direction when given by Management, ability to reflect on figures regarding personal performance Good knowledge of Excel is essential, ability to program would be advantageous
Excellent opportunity to join a South-East UK based specialist business electricity supplier as a Flex Trader. The role involves a wide range of activities associated with the management of clients' Flex contracts as well as supporting the growth, development and profitability of clients' Flex Portfolios. Responsibilities include daily position management tasks, wholesale contract trading (both prompt and curve), flex transactions, flex contract management and ad-hoc queries. The ideal candidate will have excellent numeracy skills and a basic knowledge of the UK and European power markets. Key Accountabilities: • Flex Trading • Flex Contract Management • Innovation and Product Development • Flex Tender Evaluation Knowledge, Skills and Experience required: • Excellent numeracy skills with particular attention to speed, accuracy and attention to detail • You have a basic knowledge of the UK & European power markets and begin to develop a wider technical and fundamental understanding of factors driving prices from forward markets through to Balancing Mechanism • You are able to develop models from first principles and sense-check outputs. • You are able to apply analytical techniques in a sensible pragmatic way and understand their limitations. • You are capable of making quick and concise trading decisions whilst maintaining attention to detail • Intermediate/Advanced Excel skills Measures of Success: • High levels of Customer and TPI satisfaction with prices quoted, demonstrate a good understanding of Flex products and wholesale energy markets and provide good service. Supported by contract retention and positive feedback from stakeholders. • Net price exposure remains at <=0 through diligent position management and accurate hedging. • Effective management of Flex contracts over their lifetime, adding value for both parties where possible and increasing retention rates. • Good quality market information provided to customers/TPIs to enable informed decisions in a timely manner. • Feedback from customers, external TPIs and Sales and Marketing colleagues on contract management, quality of information provided and query resolution. • Flex team systems and processes are fit for purpose • Judgement based on quality/outcomes of tools/techniques employed in analyses Salary: negotiable Apply online or contact Richard Tregarthen directly on +44 1565 626767 for more information.
Senior Quant Trader
Our client, a multinational Energy Company, is looking for a Senior Quant Trader. You will be responsible for supporting the development of trading activities in the energy markets, through the development and implementation of algorithmic, systematic and statistical trading strategies. This role sits in the newly developed Digital Trading Team. Duties & Responsibilities Actively develop algorithmic and systematic trading opportunities in the energy markets (gas, power, carbon, oil, coal) through data analysis and interaction with market specialists. Hold PnL accountability and demonstrate risk management awareness Build own tools to originate and bring-to-market new strategies on the back of statistical analysis Work with front office IT specialists in delivering top end tools to create value Perform and lead systematic market analyses, develop models to support decision, build back-testing capability to demonstrate value adding strategies Develop a close relationship with market specialists (traders/analysts) to create product awareness Advise on technological enhancement to the Desk Skills & Competencies Proven track record in delivering automated trading strategies and an interest in their development (High frequency trading experience an advantage) Proven Risk management of position and execution High degree of IT skills, including knowledge of statistical software, programming skills Python, C#, SQL, R Experience in Deltix trading software an advantage Excellent analytical skills and a high level of numeracy Proven experience with Data mining technics – from simple to sophisticated analytic methods Commercial awareness and interest Proactive in achieving results and achieving targets – Proven track record of delivering innovative/top-end business ideas Willingness to grow a business – entrepreneur mind-set, self-motivated, independent-thinker Ability to foster and build strong relationships across teams Effective written and verbal communication skills Experience Commercial or/and risk-taking experiences are required. Good knowledge and demonstrable experience of working with data and creating value through algorithmic and statistical trading Past experience in the European energy industry an advantage
LNG Financial Analyst
Our client, an innovative Energy Trading and Portfolio Optimization company, is looking for a Senior LNG Analyst to support the gas desk to develop and improve the LNG balances, tools, forecasting models and algorithms. The jobholder will report and work closely with the Gas Trader. The key objective of this role is to enable the expansion of the Gas desk and the company by providing effective analysis and modelling. Responsibilities Developing and running Global LNG supply and demand models in conjunction with the Gas Trader. That is the first and most important part of the job especially on the initial period. Providing support with the European Gas analysis (mainly run existing models) in collaboration with the Gas trader and the other analysts in the Gas desk. Operate models and support tools daily to forecast future market prices Providing clear market analysis and trading strategies to the Gas desk Challenging and validating modelling approaches with a view to increase modelling accuracy. Working in collaboration with other teams (i.e. Power, Meteo and US) to ensure consistent and robust outlook across the benches and also to generate new insights that could assist in forecasting energy market trends. Seeking and delivering continuous improvement and innovation in analytical approaches and methodologies. Providing country specific insight to the team upon specific requests (when marginal information). Guide and help to nurture younger members in the team. Gathering and maintain up-to-date market information on unit availability, generation level, market prices, etc. Helping the trader to formulate /refine / back test trading ideas and trading strategies to improve business results. Who You Are MSc or PhD, in e.g. Energy Economics, Mathematics, Engineering. Experienced LNG or Gas analyst with strong LNG understanding. 5+ years of experience in the energy environment. Can-do and proactive approach to delivering results; able to deal with conflict and field critical questioning. Proficient with excel/VBA. Python programming and development skills would be a distinct advantage. Independent thinker; creative in finding alternative solutions. The daily intellectual challenges and competitions with the market energize you. Ability to work under pressure, time constraints and to establish priorities. Highly-developed attention to detail. Experience in quantitative modelling skills including working with large and incomplete data.
Senior Front Office Quantitative Analyst
We have a rare opportunity to be part of a growing energy trading team for an award-wining, cross-border, commodity markets business. Our client is an investment and energy trading group focused on global commodity markets with activities spanning asset management, trading and physical supply. The job offers possibility to develop trading and risk management approach with experienced trading team. The team works with corporate clients and the public sector to originate and structure physical and derivatives solutions in Flow Trading and Structured Solutions within Energy market. Our client is looking to strengthen analytical capabilities for modelling of the short-term UK power market, global oil and refined products, including systematisation of trading signals Qualifications Candidates should be: Honest and ethical, with some core values: Protecting firm, protecting clients, following all rules and regulations, letter & spirit Strong analytical, communication and organizational skills with excellent attention to detail Demonstrates the ability to work independently and as part of a team environment Effective communicator, creative and strategic thinker, self-starter Ability to work in a fast-paced, transaction-oriented environment Requirements Strong expertise in VBA / Python / front end databases Have a statistical background Reuters/Bloomberg data gathering (helpful not mandatory) Experience of commodity markets (helpful not mandatory) Fluent in English, although other European languages are all welcome
Gas Options Trader
An opportunity has arisen to join a Central European Energy Supply and Trading business. This asset owning business is looking to add a Senior Gas Option Trader to its established team. Responsibilities: Providing market access for internal customers for Gas and Oil products Providing market analysis and market feedback to all relevant business streams Providing linear and non-linear pricing and EOD price and volatilities curves Prop trading across all Gas forward and options markets Manage new and existing linear and non-linear positions for Gas Options & Forward Trading and support position management for Gas Trading &Optimization Maintain position ranges within limits established together with Market Risk Active support of portfolio hedging decisions within Gas Trading & Optimization Development of new trading areas and seeking for new trading opportunities Manage brokers and exchanges relationships Requirements: Extensive (minimum 5 years) experience in gas and options trading and cross commodity exposure Experience and desire in position taking and risk management Professional level in Options pricing and Non-linear risk management Knowledge of Derivative Pricing, Asset Management, Optimization Methods & Stochastic Processes Very good knowledge in Excel and Risk Management/Deal booking systems
LNG Shipping Manager
An opportunity has arisen to join a Central European Energy Supply and Trading business. This asset owning business is looking to add an LNG Shipping Manager to its established team. Description Create opportunities to generate value from LNG shipping market focussing on a 3 year horizon Provide short-term LNG shipping capacity to transport Uniper’s FOB cargoes Optimize LNG shipping portfolio Develop and maintain market view Maintain and foster network required for chartering of LNG vessels Required skills Master’s Degree with a business background Technical understanding of LNG and LNG shipping At least 3 years of experience in LNG shipping Well established network in LNG shipping with owners, charterers and brokers Strong commercial drive and dedication Capability to negotiate contracts in the English language
At Eleven, we know front office, back to front. We’ve supported the careers of mid to senior level front office professionals within the oil, gas and power sectors for 20 years, across Europe, the Middle East and APAC. Our clients include trading houses, IOCs, utilities, banks and brokers.
In the area of oil trading, we have a long history in finding roles for candidates in both physical and derivatives trading roles. Working together but specialising in different parts of the barrel, our team really understands the needs and complexities of each submarket in the international trading arena.
We’ve worked in the gas, power and LNG markets since the early days of deregulation, placing our first power broker in 1999 and continuing to specialise in trading, origination, sales, derivative marketing, quant analytics and operations/scheduling.
The proliferation of gas and electricity suppliers to the industrial, commercial and residential sectors has also presented an exciting opportunity to expand our network and find new roles for candidates in this dynamic part of the market.
You can view our current vacancies above, or get in touch for a chat about your resourcing needs.
GAS & POWER TRADING
GAS & POWER RETAIL
Head of oil trading
Head of LNG origination
Senior nat. gas prop trader
Lead business developer: PPAs
Senior crude oil derivative marketer
Lead originator, LNG
Senior structured gas originator
TPI relationship manager
National oil company
Senior LNG trader
Gas commodity marketeer
Supply & trading business
Power forecasting manager
Continental power prop trader
I & C direct sales manager
North Sea crude trader
Real time power trader & optimizer
European procurement manager
Gas and power shift trader
Lead quantitative analyst