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 below, 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
Commodity Corporate Sales (German)
European Corporates Salesperson To join an investment firm focussed on cross commodity trading across physical and financial emissions, oil, power, gas, petchem and weather derivatives. The business has significant carbon experience commercialising credits, fund management, trading, development and origination. The commodities team work with corporate clients and public sector to originate and structure derivative solutions in flow trading and structured solutions. Duties: Responsible for generating revenue across the “corporates” products suite. To pro-actively drive derivative product distribution across borders into these corporate clients. To manage deal flow from existing customers and collaborate with trading desks. To explore new products and consultative solutions with oil specialisations. Grow an existing client base, originate new customers, meet with clients on a regular basis to maintain strong relationships and project managing each transaction. Key qualities: Mid to Senior level cross-commodity salesperson with experience of working with European corporate clients. Possesses a good understanding of commodities, ideally some of oil, carbon, power/gas, plastics, paper / pulp or agricultural products. A thorough knowledge of OTC products and derivatives. A highly entrepreneurial attitude, takes initiatives to develop new products / clients, full of energy, and takes a solution base approach with clients to customise derivatives / hedges for clients. An existing client base beneficial. Good language skills (German, French, Spanish/Italian or Eastern Europe). A good understanding of client documentation, credit /counterparty risk, client on-boarding and good Excel and PowerPoint knowledge.
Gas Forward Trader
An opportunity has arisen for an experienced Gas Forward Trader to join a Central European Energy Supply and Trading business. This asset owning business is looking to add a Senior Gas Forward Trader with a proven track record of significant P&L delivery to its established team in Germany. The role • Provide market access for internal customers for Gas and Oil products. • Provide market analysis and market feedback to all relevant business streams. • Provide linear pricing and EOD price curves. • Proprietary trading across all Gas markets. • Manage new and existing linear positions for Gas Options & Forward Trading and support position management for Gas Trading & Optimization. • Maintain positions range within limits established together with Market Risk. • Actively support of portfolio hedging decisions within Gas Trading & Optimization. • Develop new trading areas and seek new trading opportunities. • Manage brokers and exchanges relationships. Who we are seeking • Extensive (minimum 7 years) experience in gas trading and cross commodity exposure. • Experience in risk management and managing own positions within limits. • Proven track record of significant P&L delivery from own positions over the years. • Knowledge of Derivative Pricing, Asset Management, Optimization Methods & Stochastic Processes. • Proficient knowledge of Excel and Risk Management/Deal booking systems. • Good communication and language (English) skills. • Proactive and independent way of working with a focus on discipline and respect of limits. • Good team player. Remuneration Competitive salary and benefits package
Business Development Manager - Service Sales
An ideal opportunity for an ambitious Business Development Manager to join a market leading company in a rapidly-growing industry. Our client is one of the UK's most experienced consultants and installers of renewable heating systems for residential and commercial use. This is a home-based role to provide Service Sales to their existing client base, across the UK and identify opportunities to develop new partnerships and collaborations. Job Description To drive the development of the service department and identify and exploit opportunities to increase service sales To be the prime sales contact for new service business, selling to our current and former clients. Selling maintenance contracts to former clients who have not previously taken one up Working with the service department on quoting for repair or replacement work coming from all sources Often from maintenance contracts, but also from former customers and third-party companies To develop sales of service and repair business of renewable energy systems installed by third-party companies by: Direct sales to clients via internet and other channels. Building relationships with manufacturers with the aim of becoming a partner for service and maintenance support. Building relationships with other installers to provide maintenance services To develop, along with the Company’s management team, the regional structure and organisation to support the service business across England and Wales Developing sales and marketing material for immediate use and for the website You will have the opportunity to contribute to company strategy Desired skills and experience You will be a self-starter with ambitions to grow a business, working independently within a wider team, you will be self-motivated, organised and have a disciplined work ethic. You will have a good technical understanding of heating and hot water systems and ideally of renewable technologies You will be a strong communicator with excellent customer service - ensuring our clients are satisfied, building long term relationships.
Power Portfolio Manager
Our client, a global power producer and trading company, is looking for a Senior Power Portfolio Manager to join their Power Portfolio Strategy & Optimisation team. Required skills Reporting to Head of Power Portfolio Strategy & Optimisation Nordic Work with a team of expert accountable for the commercial steering and optimisation of Client’s Nordic Power portfolio Drive the profitability of the end-to-end Power business in Nordic, by understanding and influencing the commercial risk exposures our client faces, and implementing Nordic hedging strategies to manage these risks Undertake fundamental and quantitative analysis to develop a fundamental view of relevant commodity markets along the entire curve exchanging closely with team members and analysis functions to share know-how and market views Communicate required hedging actions to traders to ensure changes in the asset portfolio are hedged effectively and value capture is maximise Co-operate closely with originators to develop and assess trade proposals to derive commercial opportunities in order to manage portfolio risk exposures effectively Perform daily portfolio management tasks; daily position management, risk and performance monitoring - ensuring portfolios are positioned within corporate parameters and guidelines and track within performance expectations Educated to a degree level or equivalent in a relevant subject: e.g. engineering, economics, mathematics; additional commercial management qualification advantageous Several years’ experience in portfolio management or trading, with PnL responsibility, preferably with experience in Nordic and Continental European physical and financial energy market Excellent commercial awareness and motivation pared with strong initiative and motivation Strong analytical and problem-solving skills that emphasize a logical approach to tackle new ideas, sorting information and discovering creative solution Good communicational skills and experience of operating in an international environment Awareness of IT applications for optimization & trading Excellent interpersonal skills, including maturity, an ability to work independently as well as in a team setting, and with a sense of humour Fluent in English is essential; other EU language would be appreciated
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 year 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
Vice President - Power Marketer
The successful candidate will be marketing Gas, Power & related Energy Derivatives to clients and managing ongoing relationship with clients. While the role will initially be based in London, the successful candidate will be expected to transfer to our EU company when appropriate. DUTIES AND RESPONSIBILITIES Initially focused on Financial Power, build and manage a portfolio of clients in order to achieve revenue targets agreed with Line Manager Working closely with the Head of Power and Gas, provide support and guidance to the group’s existing marketing team in the area of Gas and Power markets, helping to service existing internal and external client flow and develop new commercially viable client relationships Co-ordinating client credit, KYC and documentation processes Ensuring that internal credit and compliance guidelines are adhered to Accurate execution of customer transactions Accurate and timely reconfirmation of transactions to customers by email Compliance with any regulatory requirements needed to perform main duties & responsibilities including holding or obtaining appropriate regulatory certification Meet an individual revenue target (Power, Gas, Emissions and Oil) and assist the team in achieving a team target for financial gas and power. REQUIREMENTS SKILLS AND COMPETENCIES Excellent understanding of commodity derivatives Excellent Excel and numeracy skills Strong interpersonal, written and verbal communication skills The ability to take initiative, anticipate and work around challenges in order to achieve excellent results Patience – European power is a new market for the company A second European language is likely to be an advantage. Likely to be able to demonstrate specific regional expertise within Europe Desire to work as part of a team, share expertise and mutually support colleagues EXPERIENCE Working Experience A successful track record of European Gas and Power derivative marketing Thorough understanding of financial and physical European power markets Likely to be able to demonstrate specific regional expertise within Europe Desire to work as part of a team, share expertise and mutually support colleagues Professional Background Transferable client relationships EDUCATION Educated to degree level or appropriate experience
Vice President - Power Trading
Profitably trade Continental European and UK Power markets on behalf of the company in an effective and efficient manner through derivatives instruments and develop the business towards physical capabilities. This role will initially require involvement in the pre and post trade processes, including trade booking, monitoring position and P&L check. The candidate will be a member of Energy Trading Team and will interact with external entities and internally with Sales, Operation and risk teams. In addition to the day to day business, the candidate will also be heavily involved in project work, helping formulate ideas, development of new trading strategies, development of pricing models and the continual growth of the business. DUTIES AND RESPONSIBILITIES Profitably and efficiently trade financial (and then physical) power, quoting prices to clients in a competitive and timely manner Ensure compliance with any regulatory requirements needed to perform main duties in an accurate and timely manner. Actively share information on the energy markets and the operating environments across the business. Book trades and monitor positions in the operating system to ensure compliance with company trading policies. Update appropriate prices within the trading system on a continuous basis including at the close of each trading day. Provide information as required by management. Provide support and guidance to less experienced colleagues. Raise any concerns with colleagues and management. Working closely with the Head of Power and Gas, provide support and guidance to the group’s marketing and trading teams in the area of Power markets, helping to service existing internal and external client flow and develop new commercially viable client relationships Meet an individual revenue target (Power, Gas, Emissions and Oil) and assist the team in achieving a team target for financial gas and power. REQUIREMENTS SKILLS AND COMPETENCIES A committed team player prepared to share expertise and support the business in any way possible. Excellent understanding of commodity derivatives Excellent Excel and numeracy skills Strong interpersonal, written and verbal communication skills The ability to take initiative, anticipate and work around challenges in order to achieve excellent results Patience – European power is a new market for the company EXPERIENCE Working Experience A successful track record of European Power derivative trading Thorough understanding of financial and physical European power market EDUCATION Educated to degree level or appropriate experience
Quantitative Analyst - LNG
A Global Trading organisation and part of the Worlds largest energy companies is looking for a Quantitative Analyst – LNG to join their Structuring & Pricing team. This position is ideal for a quantitative professional with strong commercial acumen and good communication skills, who is keen to learn and develop in a front office environment with great prospects for career growth and development in the team and within the company. Ideal candidate for this position will be an individual with keen interest in Energy markets and derivatives pricing models. The role will require developing a sound understanding of the LNG portfolio and developing quantitative based solutions that contribute to its profitability. Duties & Responsibilities Duties and responsibilities of the role include (but are not limited to) the following: Working with structured traders and originators contributing to the structuring and pricing of complex deals Performing ad-hoc analysis as necessary to support ongoing pricing/trading activity Developing strong working relationships with the LNG commercial teams Providing an interface between S&P and LNG commercial teams Enhancing methodologies for evaluation of deal economics, risks and exposures Contributing to the development and implementation of the LNG pricing tools Applying financial mathematics principles to evaluate non-linear aspects embedded in LNG contracts Modelling of LNG markets features that impact the value of existing portfolio or prospective deals Ensuring best practices are in place for pricing and risk management of the LNG portfolio Skills & Competencies Ability to communicate effectively with peers as well as stakeholders Excellent understanding of the natural gas and LNG industry and markets Solid analytical and economic modelling skills Strong commercial acumen combined with an understanding of financial risk and option value Solid enthusiasm for commercially driven problem solving Ability to communicate complex issues in a clear, understandable manner to customer facing business units Ability to work under pressure and to tight deadlines in a trading environment Ability to explain and defend the methodology used in the development of methodologies and tools Pro-active in achieving results Ability to work with large amounts of data Python programming skills would be an advantage Knowledge and experience of programming numerical algorithms would be an advantage Effective written and verbal communication skills; fluency in English (verbal and written) is essential Able to adapt focus in line with changing business priorities Tenacious and results orientated, takes initiative and drives for closure Ability to meet tight deadlines and make decisions in a pressurised environment Experience Experience in the LNG industry Prior experience of developing and using models for pricing of complex structured contracts Track record of working effectively on tasks, collaborating with team members and stakeholders Experience of working with large amounts of data and generate concise analysis for commercial decision support Education Degree level education in a quantitative subject