Asset Optimisation and Proprietary Trader

  • Location


  • Sector:

    Trading, Origination and Sales

  • Salary:


  • Contact:

    Anthony Baron

  • Contact email:

  • Job ref:


  • Published:

    9 months ago

  • Expiry date:


  • Start date:


  • Consultant:


Position:            Asset Optimisation and Proprietary Trader
Employment:     Permanent
Location:           M4 corridor
Salary:              Competitive package

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